Forging Market Scope And Analysis

  • Report Code : TIPRE00017201
  • Category : Manufacturing and Construction
  • No. of Pages : 150
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Forging Market Analysis Report 2023 to 2031

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Forging Market Report Forging Market Size and Share Forging Market Scope and Analysis

Forging Market Report Scope

Report Attribute Details
Market size in 2023 US$ 78.1 Billion
Market Size by 2031 US$ 124.7 Billion
Global CAGR (2023 - 2031) 6%
Historical Data 2021-2022
Forecast period 2023-2031
Segments Covered By Technique
  • Closed Die Forging
  • Open Die Forging
  • Seamless Forging
By Materials
  • Nickel-based Alloys
  • Titanium Alloys
  • Aluminum Alloys
  • Steel Alloys
By Industries
  • Automotive
  • Aerospace
  • Railway
  • Heavy Equipment
  • Wind Power
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Alcoa Corporation
  • All Metals Forge Group
  • CFS Machinery Co Ltd
  • Ficep SpA
  • Bharat Forge Limited
  • Allegheny Technologies Incorporated
  • Thyssenkrupp AG
  • Ellwood Group Inc
  • CMS Machinery Co Ltd
  • Pacific Forge Incorporated
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    Forging Market News and Recent Developments

    The forging market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the forging market are listed below:

    • In April 2024, Ramkrishna Forgings signed a supply agreement with the largest passenger EV manufacturer in the US. Through this deal, the company will supply powertrain components and debut as a supplier in the US EV market.
    • In February 2024, US Forged Rings announced an investment of US$ 700 million in the offshore wind industry for the construction of a tower fabrication facility and a steel forging plant. Through this development, the company will strengthen its position in the market.

    Forging Market Report Coverage and Deliverables

    The “Forging Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

    • Forging market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Forging market trends as well as market dynamics such as drivers, restraints, and key opportunities
    • Detailed PEST/Porter’s Five Forces and SWOT analysis
    • Forging market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the forging market
    • Detailed company profiles