MR Forecast has released a new report on the Metal Forging market, covering both global and regional scales. The report provides a comprehensive understanding of the current market landscape, development, outlook, and status until 2032. The growth of the Metal Forging market is fuelled by increasing demand in established regions, various types, technological advancements, and expanding end-user penetration. The report mainly focuses on the definition, types, applications, and major key players/manufacturers such as Wyman Gordon (U.S.), Shultz Steel (U.S.), Consolidated Industries, Inc. (U.S.), Pacific Forge Incorporated (U.S.), Otto Fuchs KG (Germany), Weber Metals California (U.S.), ATI Ladish LLC (U.S.), Patriot Forge Co. (Canada), Arconic Corporation (U.S.), Alcoa Corporation (U.S.), voestalpine BÖHLER Aerospace GmbH & Co KG (Austria), China National Erzhong Group Deyang Wanhang Die Forging Co., Ltd. (China), ThyssenKrupp AG (Germany), Scot Forge Company (U.S.), Precision Castparts Corp (U.S.), Bruck GmbH (Germany), ELLWOOD Group Inc. (U.S.), Lolu Alloys Ltd (UK), Ovako AB (Sweden), Celsa Group (Spain), based on the Global Metal Forging industrial and supply chain.
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The Metal Forging Market size was valued at USD 81.13 USD Billion in 2023 and is projected to reach USD 135.48 USD Billion by 2032, exhibiting a CAGR of 7.6 % during the forecast period.
The latest edition of this report you will be entitled to receive additional chapter / commentary on latest scenario, economic slowdown and COVID-19 impact on overall industry. Further it will also provide qualitative information about when industry could come back on track and what possible measures industry players are taking to deal with current situation. Each of the segment analysis table for forecast period also high % impact on growth.
This research is categorized differently considering the various aspects of this market. It also evaluates the upcoming situation by considering project pipelines of company, long term agreements to derive growth estimates. The forecast is analyzed based on the volume and revenue of this market. The tools used for analyzing the Global Metal Forging Market research report include SWOT analysis.
February 2024: Ovako and Tibnor, well known material manufacturing and distributing companies, announced a strategic partnership to endorse low carbon footprint resolutions in steel production. As various industrial players are committing towards science-based environmental targets and legislative representatives are insisting companies to decrease their emissions or to pay the true cost for pollution.,
May 2023: Arconic Corporation announced to enter into a definitive agreement to be acquired by the Apollo Global Management Inc. fund holders in an all-cash transaction deal for an approximate value of USD 5.2 billion. This deal will provide Arconic to back with one of the world's premier investment firms and deliver substantial value to customers and the end users of the products.,
July 2022: Patriot Forge announced to adjunct the forging facilities with a complete rough machining process in its open-die custom forging manufacturing plant. The complex has open die components of up to 50,000 lbs. to make the desired shape by processing more efficiently and conveniently.,
August 2021: Otto Fuchs KG announced a purchase agreement with ServoDirect technology from Schuler to buy a crank forging press with a capacity of 3,150 tons for its Shenyang, China, location. This deal will aim to produce more aluminum chassis components for automobile customers in China.,
February 2020: Arconic Corporation separated into two independent publicly-listed companies in the NYSE as Hownet Aerospace Inc., which includes engine products, forged steel, and engineered structures. The aluminum extrusions and building & construction systems will be named Arconic Corporation under the symbol of \ARNC.\ This separation will qualify Arconic, Inc. into the U.S. tax-free regime for federal income tax purposes.
Influencing Trend:
- Innovation in Products and Technologies to Fuel the Market Growth
Market Growth Drivers:
- Rapidly Growing Automotive Industry to Boost Metal Forging Adoption
The Global Metal Forging segments and Market Data Break Down are illuminated below:
Raw Material: Carbon Steel, Alloy Steel, Stainless Steel, Aluminum, Magnesium, Titanium, and Others,Technology: Closed Die, Open Die, and Others,End-User: Automotive, Mechanical Equipment, Aerospace & Railways, and Others
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The regional analysis of Global Metal Forging Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2024-2032.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Strategic Points Covered in Table of Content of Global Metal Forging Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Metal Forging market
Chapter 2: Exclusive Summary – the basic information of the Metal Forging Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Metal Forging
Chapter 4: Presenting the Metal Forging Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Metal Forging market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2024-2032)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Metal Forging Market is a valuable source of guidance for individuals and companies.
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Key questions answered
- Who are the Leading key players and what are their Key Business plans in the Global Metal Forging market?
- What are the key concerns of the five forces analysis of the Global Metal Forging market?
- What are different prospects and threats faced by the dealers in the Global Metal Forging market?
- What are the strengths and weaknesses of the key vendors?
Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.
Thanks for reading this article, we can also provide customized report as per company’s specific needs. You can also get separate chapter wise or region wise report versions including North America, Europe or Asia.
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