Metal Forging Market Strategies and Share 2031
Metal refers to a material that, when freshly prepared, fractured, or polished, shows a lustrous appearance and has the capacity of conducting heat and electricity. Metal forging is a type of metal forming process that involves the application of compressive forces to any workpiece to deform it. It also creates a desired geometric change to the material. Metal forging provides better mechanical properties, fatigue and impacts resistance.
MARKET DYNAMICS
The increase in demand for lightweight aircraft components drives the market for metal forging the market. Besides, the expansion in electric vehicle space also drives the market growth. However, the availability of alternative component manufacturing processes like low-cost casting hampers the growth of metal forging the market. Large scale research and development in raw material and forging processes is expected to boost the demand for metal forging market in the near future.
MARKET SCOPE
The Metal Forging Market Analysis to 2031 is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the metal forging market with detailed market segmentation by application and geography. The global metal forging market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading metal forging market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global metal forging market is segmented on the basis of raw material and application. On the basis of material, the metal forging market is segmented into carbon steel, aluminum steel, aluminum, magnesium, stainless steel, titanium and others. As per application the market is broken into automotive, aerospace, oil & gas, construction, agriculture and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global metal forging market based on various segments. It also provides market size and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The metal forging market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the metal forging market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the metal forging market in these regions.
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global metal forging market based on various segments. It also provides market size and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The metal forging market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the metal forging market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the metal forging market in these regions.
MARKET PLAYERS
The reports cover key developments in the metal forging market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from metal forging market are anticipated to lucrative growth opportunities in the future with the rising demand for metal forging market in the global market. Below mentioned is the list of few companies engaged in the metal forging market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the metal forging market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aichi Steel Corporation
- All Metals and Forge Group
- Allegheny Technologies Incorporated
- American Axle and Manufacturing Inc.
- Arconic
- Bharat Forge Limited
- L and T Special Steel and Heavy Forgings
- M. Brück GmbH and Co. KG
- Nippon Steel Corporation
- The Japan Steel Works, Ltd
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Metal Forging Market - By Raw Material
1.3.2Metal Forging Market - By Application
1.3.3Metal Forging Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.METAL FORGING MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.EXPERT OPINIONS
5.METAL FORGING MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.METAL FORGING MARKET - GLOBAL MARKET ANALYSIS
6.1.METAL FORGING - GLOBAL MARKET OVERVIEW
6.2.METAL FORGING - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.METAL FORGING MARKET - REVENUE AND FORECASTS TO 2028 " RAW MATERIAL
7.1.OVERVIEW
7.2.RAW MATERIAL MARKET FORECASTS AND ANALYSIS
7.3.CARBON STEEL
7.3.1.Overview
7.3.2.Carbon Steel Market Forecast and Analysis
7.4.ALUMINUM STEEL
7.4.1.Overview
7.4.2.Aluminum Steel Market Forecast and Analysis
7.5.ALUMINUM
7.5.1.Overview
7.5.2.Aluminum Market Forecast and Analysis
7.6.MAGNESIUM
7.6.1.Overview
7.6.2.Magnesium Market Forecast and Analysis
7.7.STAINLESS STEEL
7.7.1.Overview
7.7.2.Stainless Steel Market Forecast and Analysis
7.8.TITANIUM
7.8.1.Overview
7.8.2.Titanium Market Forecast and Analysis
7.9.OTHERS
7.9.1.Overview
7.9.2.Others Market Forecast and Analysis
8.METAL FORGING MARKET - REVENUE AND FORECASTS TO 2028 " APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.AUTOMOTIVE
8.3.1.Overview
8.3.2.Automotive Market Forecast and Analysis
8.4.AEROSPACE
8.4.1.Overview
8.4.2.Aerospace Market Forecast and Analysis
8.5.OIL AND GAS
8.5.1.Overview
8.5.2.Oil and Gas Market Forecast and Analysis
8.6.CONSTRUCTION
8.6.1.Overview
8.6.2.Construction Market Forecast and Analysis
8.7.AGRICULTURE
8.7.1.Overview
8.7.2.Agriculture Market Forecast and Analysis
8.8.OTHERS
8.8.1.Overview
8.8.2.Others Market Forecast and Analysis
9.METAL FORGING MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Metal Forging Market Overview
9.1.2North America Metal Forging Market Forecasts and Analysis
9.1.3North America Metal Forging Market Forecasts and Analysis - By Raw Material
9.1.4North America Metal Forging Market Forecasts and Analysis - By Application
9.1.5North America Metal Forging Market Forecasts and Analysis - By Countries
9.1.5.1United States Metal Forging Market
9.1.5.1.1United States Metal Forging Market by Raw Material
9.1.5.1.2United States Metal Forging Market by Application
9.1.5.2Canada Metal Forging Market
9.1.5.2.1Canada Metal Forging Market by Raw Material
9.1.5.2.2Canada Metal Forging Market by Application
9.1.5.3Mexico Metal Forging Market
9.1.5.3.1Mexico Metal Forging Market by Raw Material
9.1.5.3.2Mexico Metal Forging Market by Application
9.2.EUROPE
9.2.1Europe Metal Forging Market Overview
9.2.2Europe Metal Forging Market Forecasts and Analysis
9.2.3Europe Metal Forging Market Forecasts and Analysis - By Raw Material
9.2.4Europe Metal Forging Market Forecasts and Analysis - By Application
9.2.5Europe Metal Forging Market Forecasts and Analysis - By Countries
9.2.5.1Germany Metal Forging Market
9.2.5.1.1Germany Metal Forging Market by Raw Material
9.2.5.1.2Germany Metal Forging Market by Application
9.2.5.2France Metal Forging Market
9.2.5.2.1France Metal Forging Market by Raw Material
9.2.5.2.2France Metal Forging Market by Application
9.2.5.3Italy Metal Forging Market
9.2.5.3.1Italy Metal Forging Market by Raw Material
9.2.5.3.2Italy Metal Forging Market by Application
9.2.5.4United Kingdom Metal Forging Market
9.2.5.4.1United Kingdom Metal Forging Market by Raw Material
9.2.5.4.2United Kingdom Metal Forging Market by Application
9.2.5.5Russia Metal Forging Market
9.2.5.5.1Russia Metal Forging Market by Raw Material
9.2.5.5.2Russia Metal Forging Market by Application
9.2.5.6Rest of Europe Metal Forging Market
9.2.5.6.1Rest of Europe Metal Forging Market by Raw Material
9.2.5.6.2Rest of Europe Metal Forging Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Metal Forging Market Overview
9.3.2Asia-Pacific Metal Forging Market Forecasts and Analysis
9.3.3Asia-Pacific Metal Forging Market Forecasts and Analysis - By Raw Material
9.3.4Asia-Pacific Metal Forging Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Metal Forging Market Forecasts and Analysis - By Countries
9.3.5.1Australia Metal Forging Market
9.3.5.1.1Australia Metal Forging Market by Raw Material
9.3.5.1.2Australia Metal Forging Market by Application
9.3.5.2China Metal Forging Market
9.3.5.2.1China Metal Forging Market by Raw Material
9.3.5.2.2China Metal Forging Market by Application
9.3.5.3India Metal Forging Market
9.3.5.3.1India Metal Forging Market by Raw Material
9.3.5.3.2India Metal Forging Market by Application
9.3.5.4Japan Metal Forging Market
9.3.5.4.1Japan Metal Forging Market by Raw Material
9.3.5.4.2Japan Metal Forging Market by Application
9.3.5.5South Korea Metal Forging Market
9.3.5.5.1South Korea Metal Forging Market by Raw Material
9.3.5.5.2South Korea Metal Forging Market by Application
9.3.5.6Rest of Asia-Pacific Metal Forging Market
9.3.5.6.1Rest of Asia-Pacific Metal Forging Market by Raw Material
9.3.5.6.2Rest of Asia-Pacific Metal Forging Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Metal Forging Market Overview
9.4.2Middle East and Africa Metal Forging Market Forecasts and Analysis
9.4.3Middle East and Africa Metal Forging Market Forecasts and Analysis - By Raw Material
9.4.4Middle East and Africa Metal Forging Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Metal Forging Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Metal Forging Market
9.4.5.1.1South Africa Metal Forging Market by Raw Material
9.4.5.1.2South Africa Metal Forging Market by Application
9.4.5.2Saudi Arabia Metal Forging Market
9.4.5.2.1Saudi Arabia Metal Forging Market by Raw Material
9.4.5.2.2Saudi Arabia Metal Forging Market by Application
9.4.5.3U.A.E Metal Forging Market
9.4.5.3.1U.A.E Metal Forging Market by Raw Material
9.4.5.3.2U.A.E Metal Forging Market by Application
9.4.5.4Rest of Middle East and Africa Metal Forging Market
9.4.5.4.1Rest of Middle East and Africa Metal Forging Market by Raw Material
9.4.5.4.2Rest of Middle East and Africa Metal Forging Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Metal Forging Market Overview
9.5.2South and Central America Metal Forging Market Forecasts and Analysis
9.5.3South and Central America Metal Forging Market Forecasts and Analysis - By Raw Material
9.5.4South and Central America Metal Forging Market Forecasts and Analysis - By Application
9.5.5South and Central America Metal Forging Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Metal Forging Market
9.5.5.1.1Brazil Metal Forging Market by Raw Material
9.5.5.1.2Brazil Metal Forging Market by Application
9.5.5.2Argentina Metal Forging Market
9.5.5.2.1Argentina Metal Forging Market by Raw Material
9.5.5.2.2Argentina Metal Forging Market by Application
9.5.5.3Rest of South and Central America Metal Forging Market
9.5.5.3.1Rest of South and Central America Metal Forging Market by Raw Material
9.5.5.3.2Rest of South and Central America Metal Forging Market by Application
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.METAL FORGING MARKET, KEY COMPANY PROFILES
11.1.AICHI STEEL CORPORATION
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.ALL METALS AND FORGE GROUP
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.ALLEGHENY TECHNOLOGIES INCORPORATED
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.AMERICAN AXLE AND MANUFACTURING INC.
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.ARCONIC
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.BHARAT FORGE LIMITED
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.L AND T SPECIAL STEEL AND HEAVY FORGINGS
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.M. BRüCK GMBH AND CO. KG
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.NIPPON STEEL CORPORATION
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.THE JAPAN STEEL WORKS, LTD
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. Aichi Steel Corporation
2. All Metals and Forge Group
3. Allegheny Technologies Incorporated
4. American Axle and Manufacturing Inc.
5. Arconic
6. Bharat Forge Limited
7. L and T Special Steel and Heavy Forgings
8. M. Brück GmbH and Co. KG
9. Nippon Steel Corporation
10. The Japan Steel Works, Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For