Metal Forging Market Key Players, End User, Demand and Analysis Growth Trends by 2026

Press Release

The Metal Forging report gives the comprehension regarding the effects of the market powers and how those can be utilized to make future possibilities. The report traces the key players and businesses to give a normal angle of the rational powers and it gives a point by point investigation for every one of the fragments and sub-classes for worldwide Metal Forging market patterns, ongoing improvements, standpoint, and openings. The report offers definite inclusion of Chemical and Materials industry and primary market patterns. The report helps the client to plan their business strategies to survive in this competitive market.

Global Metal Forging Market is set to witness a substantial CAGR of 7.75% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising production of aircraft and increasing passenger traffic are the factors for the growth of this market.

Forging is a process which uses different comprehensive forces so that it can shape the metals. Carbon steel, stainless steel, titanium, aluminium, magnesium and other are some of the common raw materials of the metal forging. Metal forging usually increase the strength of the material by closing the empty spaces and blocking the cracks. They also remove the inclusion in the part which is forged by breaking the impurities and redistributing it in the metal work. They are widely used in applications such as oil and gas, construction, automotive, agriculture and others.

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Market Drivers:

  • Increasing demand from automotive sector will drive the market growth
  • Growth of aerospace and defense sector will also propel the market growth
  • Rising demand of titanium for the production of aircraft components will also enhance the growth of this market
  • Increasing demand for crude steel will also accelerate the market growth

Segmentation: Global Metal Forging Market

By Raw Material

  • Carbon Steel
  • Alloy Steel
  • Aluminum
  • Magnesium
  • Stainless Steel
  • Titanium
  • Others

By Application

  • Automotive
  • Aerospace
  • Oil & Gas
  • Construction
  • Agriculture
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

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Key Developments in the Market:

  • In September 2018, Ohio Star Forge (OSF) announced that they completed the addition of 15,000 square feet to its building for a new machining division. The company now have five forging machines and around 120 employees. The company provide forgings to the industries such as automotive, oil & gas and others
  • In November 2016, Bharat Forge announced that they have acquired Walker Forge Tennessee so that they can expand their portfolio in the U.S. This acquisition will help the company to provide their products in the industries such as construction, mining, commercial vehicles and other industries and enhance their presence in North America

Competitive Analysis:

Global metal forging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of metal forging market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Key Market Competitors:

Few of the major competitors currently working in the global metal forging market are Ansteel Vigano’ Srl., Arconic, ATI., Bharat Forge, Bruck GmbH, ELLWOOD Group Inc., JAPAN CASTING & FORGING CORP, Hilton Metal Forging Ltd., Ace Forge pvt. ltd., L. A. Weiss, Chauhan Metal Forging Works., Drop Forging, Trenton Forging, Pradeep Metals Limited, A V Steel Forgings, Green Bay Drop Forge, Advance Forgings, CALMET, Shree Siddheshwari Metal Forging Pvt. Ltd, Viking Forge, LARSEN & TOUBRO LIMITED, Precision Castparts Corp and others.

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