Metal Forging Market Research Report Forecast to 2030

Metal Forging Market is estimated to register a notable CAGR of 6.83% during the review period. The essential power behind the development of the metal fashioning market overall is flooding interest for both traveler as well as business vehicles and developing business airplane creation. Further, consistent developments in metal producing strategies and cycles sets out open doors for market development are supposed to give a worthwhile open door to the market players over the forecast term.

The flooding interest for traveler and business vehicles drives the expanded requirement for metal fashioning. Traveler vehicles incorporate vehicles, SUVs, and other individual transportation choices, while business vehicles include trucks, transports, and vans utilized for transportation and strategies.

There are a few explanations for the developing interest for these vehicles. Right off the bat, populace development, urbanization, and further developing expectations for everyday comforts have expanded portability needs, bringing about higher vehicle proprietorship rates and an increasing number of business vehicles for merchandise transportation. Moreover, developing markets, like those in Asia and Latin America, are encountering quick monetary turn of events, prompting an ascent in vehicle interest. Industrialization and foundation projects additionally add to the flood in business vehicle necessities.

Market Segmentation

Based on Raw Material the Metal Forging Market is further classified into Steel, Aluminum, Magnesium, Nickel-Based Alloys, Titanium and Others.

Based on types, the Metal Forging Market has been divided into Closed-die Forging, Open-die Forging and Others.

Based on end-use industries, the Metal Forging Market has been divided into Automotive, Aerospace & Defense, Power, Building & Construction, Oil & Gas, Metal working and Others.

Regional Insights

In 2022, the Asia Pacific region was the dominant force in the Metal Forging Market due to the growing demand for metal forgings in key industries such as railways, automobiles, energy, and aerospace. The region's position is expected to strengthen further during the forecast period. One notable example of this demand is South Korea's plans announced in April 2021. The country intends to invest approximately KRW 114.7 trillion (equivalent to USD 102.7 billion) to expand its railway network nationwide by 2030. Such initiatives contribute to the increasing need for metal forgings. Within the Asia Pacific, China and India have emerged as the leading countries in the metal forging market due to the increasing usage of forged metal in the automotive and mechanical industries. China, being the largest economy in the region, plays a significant role in the Asia-Pacific metal forging market. It has a strong manufacturing base and is a major exporter of forged products. India is also a prominent market, with a growing automotive industry and a focus on infrastructure development. Additionally, the supportive government regulations promoting the development and use of electric vehicles have fueled the demand for lightweight forged steel parts in the automotive sector.

Major Players

Key Companies in the Metal Forging Market includes Arconic (USA), China First Heavy Industries (China), ATI (Allegheny Technologies Incorporated) (USA), Bharat Forge (India), JAPAN CASTING & FORGING CORP. (Japan), Bruck GmbH (Germany), OMZSpecial Steels LLC (Russia), LARSEN & TOUBRO LIMITED (India), North American Forgemasters (USA), and NIPPON STEEL CORPORATION (Japan).

Product Code: MRFR/CnM/7023-CR

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

1.1 GLOBAL METAL FORGING MARKET, RAW MATERIALTYPE
1.2 GLOBAL METAL FORGING MARKET, BY TYPE
1.3 GLOBAL METAL FORGING MARKET, END USER INDUSTRY
1.4 GLOBAL METAL FORGING MARKET, BY REGION

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
2.5 KEY BUYING CRITERIA

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS & LIMITATIONS

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 SURGING DEMAND FOR BOTH PASSENGER AS WELL AS COMMERCIAL VEHICLES
- 4.2.2 GROWING COMMERCIAL AIRCRAFT PRODUCTION
- 4.2.3 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINT
- 4.3.1 AVAILABILITY OF ALTERNATIVE PROCESSES TO RESTRICT THE MARKET GROWTH
- 4.3.2 RESTRAINT IMPACT ANALYSIS
4.4 OPPORTUNITIES
- 4.4.1 CONSTANT INNOVATIONS IN METAL FORGING METHODS AND PROCESSES
4.5 CHALLENGES
4.6 COVID 19 IMPACT ANALYSIS
- 4.6.1 INDUSTRIES IMPACT OF COVID-19 PANDEMIC ON GLOBAL METAL FORGING MARKET
- 4.6.2 SUPPLY SIDE IMPACT
- 4.6.3 DEMAND SIDE

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY/ VALUE CHAIN ANALYSIS
- 5.1.1 RAW MATERIAL PROVIDERS
- 5.1.2 MANUFACTURING
- 5.1.3 DISTRIBUTORS & RETAILERS
- 5.1.4 END USER
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF BUYERS
- 5.2.3 BARGAINING POWER OF SUPPLIERS
- 5.2.4 THREAT OF SUBSTITUTES
- 5.2.5 INTENSITY OF RIVALRY
5.3 PRICING ANALYSIS, BY REGION (USD/TON), 2019 TO 2030

6 GLOBAL METAL FORGING MARKET, BY TYPE

6.1 OVERVIEW
- 6.1.1 GLOBAL METAL FORGING MARKET ESTIMATES & FORECAST, TYPE, 2019-2030
- 6.1.2 GLOBAL METAL FORGING MARKET ESTIMATES & FORECAST, TYPE, 2019-2030
6.2 CLOSED-DIE FORGING
6.3 OPEN-DIE FORGING
6.4 OTHERS

7 GLOBAL METAL FORGING MARKET, BY RAW MATERIAL

7.1.1 GLOBAL METAL FORGING MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2019-2030
7.1.2 GLOBAL METAL FORGING MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2019-2030

7.2 STEEL
7.3 ALUMINIUM
7.4 MAGNESIUM
7.5 NICKEL-BASED ALLOYS
7.6 TITANIUM
7.7 OTHERS

8 GLOBAL METAL FORGING MARKET, BY END-USE INDUSTRY

8.1 OVERVIEW
- 8.1.1 GLOBAL METAL FORGING MARKET ESTIMATES & FORECAST, END-USE INDUSTRY, 2019-2030
- 8.1.2 GLOBAL METAL FORGING MARKET ESTIMATES & FORECAST, END-USE INDUSTRY, 2019-2030
8.2 AUTOMOTIVE
8.3 AEROSPACE & DEFENSE
8.4 POWER
8.5 BUILDING & CONSTRUCTION
8.6 OIL & GAS
8.7 METALWORKING
8.8 OTHERS

9 GLOBAL METAL FORGING MARKET, BY REGION

9.1 OVERVIEW
- 9.1.1 GLOBAL METAL FORGING MARKET ESTIMATES & FORECAST, BY REGION, 2019-2030
- 9.1.2 GLOBAL METAL FORGING MARKET ESTIMATES & FORECAST, BY REGION, 2019-2030
9.2 NORTH AMERICA
- 9.2.1 US
- 9.2.2 CANADA
9.3 EUROPE
- 9.3.1 GERMANY
- 9.3.2 UK
- 9.3.3 FRANCE
- 9.3.4 SPAIN
- 9.3.5 ITALY
- 9.3.6 RUSSIA
- 9.3.7 REST OF EUROPE
9.4 ASIA PACIFIC
- 9.4.1 CHINA
- 9.4.2 JAPAN
- 9.4.3 INDIA
- 9.4.4 SOUTH KOREA
- 9.4.5 AUSTRALIA & NEW ZEALAND
- 9.4.6 REST OF ASIA PACIFIC
9.5 LATIN AMERICA
- 9.5.1 BRAZIL
- 9.5.2 ARGENTINA
- 9.5.3 MEXICO
- 9.5.4 REST OF LATIN AMERICA
9.6 MIDDLE EAST & AFRICA
- 9.6.1 TURKEY
- 9.6.2 GCC
- 9.6.3 SOUTH AFRICA
- 9.6.4 REST OF MIDDLE EAST & AFRICA

10 COMPETITIVE LANDSCAPE

10.1 MARKET INTRODUCTION
10.2 COMPETITIVE BENCHMARKING
10.3 KEY DEVELOPMENT ANALYSIS
10.4 GLOBAL MARKET STRATEGY ANALYSIS

11 COMPANY PROFILES

11.1 CHINA FIRST HEAVY INDUSTRIES
- 11.1.1 COMPANY OVERVIEW
- 11.1.2 FINANCIAL OVERVIEW
- 11.1.3 PRODUCTS OFFERED
- 11.1.4 KEY DEVELOPMENTS
- 11.1.5 SWOT ANALYSIS
- 11.1.6 KEY STRATEGIES
11.2 ATI
- 11.2.1 COMPANY OVERVIEW
- 11.2.2 FINANCIAL OVERVIEW
- 11.2.3 PRODUCTS OFFERED
- 11.2.4 KEY DEVELOPMENTS
- 11.2.5 SWOT ANALYSIS
- 11.2.6 KEY STRATEGIES
11.3 BHARAT FORGE
- 11.3.1 COMPANY OVERVIEW
- 11.3.2 FINANCIAL OVERVIEW
- 11.3.3 PRODUCTS OFFERED
- 11.3.4 KEY DEVELOPMENTS
- 11.3.5 SWOT ANALYSIS
- 11.3.6 KEY STRATEGIES
11.4 JAPAN CASTING & FORGING CORP.
- 11.4.1 COMPANY OVERVIEW
- 11.4.2 FINANCIAL OVERVIEW
- 11.4.3 PRODUCTS OFFERED
- 11.4.4 KEY DEVELOPMENTS
11.5 ARCONIC
- 11.5.1 COMPANY OVERVIEW
- 11.5.2 FINANCIAL OVERVIEW
- 11.5.3 PRODUCTS OFFERED
- 11.5.4 KEY DEVELOPMENTS
- 11.5.5 SWOT ANALYSIS
- 11.5.6 KEY STRATEGIES
11.6 BRUCK GMBH
- 11.6.1 COMPANY OVERVIEW
- 11.6.2 FINANCIAL OVERVIEW
- 11.6.3 PRODUCTS OFFERED
- 11.6.4 KEY DEVELOPMENTS
11.7 OMZ-SPECIAL STEELS LLC
- 11.7.1 COMPANY OVERVIEW
- 11.7.2 FINANCIAL OVERVIEW
- 11.7.3 PRODUCTS OFFERED
- 11.7.4 KEY DEVELOPMENTS
11.8 LARSEN & TOUBRO LIMITED
- 11.8.1 COMPANY OVERVIEW
- 11.8.2 FINANCIAL OVERVIEW
- 11.8.3 PRODUCTS OFFERED
- 11.8.4 KEY DEVELOPMENTS
- 11.8.5 SWOT ANALYSIS
- 11.8.6 KEY STRATEGIES
11.9 NORTH AMERICAN FORGEMASTERS (NAF)
- 11.9.1 COMPANY OVERVIEW
- 11.9.2 FINANCIAL OVERVIEW
- 11.9.3 PRODUCTS OFFERED
- 11.9.4 KEY DEVELOPMENTS
11.10 NIPPON STEEL CORPORATION
- 11.10.1 COMPANY OVERVIEW
- 11.10.2 FINANCIAL OVERVIEW
- 11.10.3 PRODUCTS OFFERED
- 11.10.4 KEY DEVELOPMENTS
- 11.10.5 KEY STRATEGIES