Forging Market Share, Trends, and Analysis by 2031
Forging Market: Strategic Insights
Forging Market
-
CAGR (2023 - 2031)6% -
Market Size 2023
US$ 78.1 Billion -
Market Size 2031
US$ 124.7 Billion
Market Dynamics
GROWTH DRIVERS
- The increase in Demand for Forged Steel in the Automotive Industry
FUTURE TRENDS
- Development in Automation and Robotics in Forging Industry
OPPORTUNITIES
- Technological Advancements in Forging Equipment & Process and Improving Economic Conditions
Key Players
- 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
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Technique - Closed Die Forging
- Open Die Forging
- Seamless Forging
Materials - Nickel-based Alloys
- Titanium Alloys
- Aluminum Alloys
- Steel Alloys
Industries - Automotive
- Aerospace
- Railway
- Heavy Equipment
- Wind Power
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