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Synopsis
Forging is a manufacturing process involving the shaping of metal using localized compressive forces. The blows are delivered with a hammer (often a power hammer) or a die. Forging is often classified according to the temperature at which it is performed: cold forging (a type of cold working), warm forging, or hot forging (a type of hot working). For the latter two, the metal is heated, usually in a forge. Forged parts can range in weight from less than a kilogram to hundreds of metric tons. Forging has been done by smiths for millennia; the traditional products were kitchenware, hardware, hand tools, edged weapons, cymbals, and jewellery. Since the Industrial Revolution, forged parts are widely used in mechanisms and machines wherever a component requires high strength; such forgings usually require further processing (such as machining) to achieve a finished part. Today, forging is a major worldwide industry.
The global Forging market size is expected to reach US$ 118210 million by 2029, growing at a CAGR of 5.3% from 2023 to 2029. The market is mainly driven by the significant applications of Forging in various end use industries. The expanding demands from the Automotive, Aerospace, Agricultural and General Industrial, are propelling Forging market. Closed Die Forgings, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Open Die Forgings segment is estimated at % CAGR for the next seven-year period.
Global Forging key players include Precision Castparts Corp, Arconic, Thyssenkrupp, KOBELCO, Nippon Steel & Sumitomo Metal, etc. Global top five manufacturers hold a share about 15%. China is the largest market, with a share about 30%, followed by Europe, with a share about 25 percent. In terms of product, Closed Die Forgings is the largest segment, with a share about 80%. And in terms of application, the largest application is Automotive, followed by General Industrial, Aerospace, Agricultural, etc.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Forging, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Forging market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Forging market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Forging sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Forging covered in this report include Nippon Steel & Sumitomo Metal, Aichi Steel, Thyssenkrupp, AAM, Bharat Forge, KOBELCO, WanXiang, FAW and Arconic, etc.
The global Forging market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
- Nippon Steel & Sumitomo Metal
- Aichi Steel
- Thyssenkrupp
- AAM
- Bharat Forge
- KOBELCO
- WanXiang
- FAW
- Arconic
- Mahindra Forgings Europe
- Farinia
- Longcheng Forging
- Sinotruck
- Dongfeng Forging
- Jiangsu Pacific Precision Forging
- Sypris Solutions
- Ashok Leyland
- Allegheny Technologies
- VDM Metals
- CITIC Heavy Industries
Global Forging market, by region:
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, UK, Italy, etc.)
- Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
- South America (Brazil, etc.)
- Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Forging market, Segment by Type:
- Closed Die Forgings
- Open Die Forgings
- Rolled Rings Forgings
Global Forging market, by Application
- Automotive
- Aerospace
- Agricultural
- General Industrial
- Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Forging manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Forging in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Forging Market Overview
1.1 Forging Product Overview
1.2 Forging Market Segment by Type
1.2.1 Closed Die Forgings
1.2.2 Open Die Forgings
1.2.3 Rolled Rings Forgings
1.3 Global Forging Market Size by Type
1.3.1 Global Forging Market Size Overview by Type (2018-2029)
1.3.2 Global Forging Historic Market Size Review by Type (2018-2023)
1.3.3 Global Forging Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Forging Sales Breakdown by Type (2018-2023)
1.4.2 Europe Forging Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Forging Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Forging Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Forging Sales Breakdown by Type (2018-2023)
2 Global Forging Market Competition by Company
2.1 Global Top Players by Forging Sales (2018-2023)
2.2 Global Top Players by Forging Revenue (2018-2023)
2.3 Global Top Players by Forging Price (2018-2023)
2.4 Global Top Manufacturers Forging Manufacturing Base Distribution, Sales Area, Product Type
2.5 Forging Market Competitive Situation and Trends
2.5.1 Forging Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Forging Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Forging as of 2022)
2.7 Date of Key Manufacturers Enter into Forging Market
2.8 Key Manufacturers Forging Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Forging Status and Outlook by Region
3.1 Global Forging Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Forging Historic Market Size by Region
3.2.1 Global Forging Sales in Volume by Region (2018-2023)
3.2.2 Global Forging Sales in Value by Region (2018-2023)
3.2.3 Global Forging Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Forging Forecasted Market Size by Region
3.3.1 Global Forging Sales in Volume by Region (2024-2029)
3.3.2 Global Forging Sales in Value by Region (2024-2029)
3.3.3 Global Forging Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Forging by Application
4.1 Forging Market Segment by Application
4.1.1 Automotive
4.1.2 Aerospace
4.1.3 Agricultural
4.1.4 General Industrial
4.1.5 Other
4.2 Global Forging Market Size by Application
4.2.1 Global Forging Market Size Overview by Application (2018-2029)
4.2.2 Global Forging Historic Market Size Review by Application (2018-2023)
4.2.3 Global Forging Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Forging Sales Breakdown by Application (2018-2023)
4.3.2 Europe Forging Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Forging Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Forging Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Forging Sales Breakdown by Application (2018-2023)
5 North America Forging by Country
5.1 North America Forging Historic Market Size by Country
5.1.1 North America Forging Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Forging Sales in Volume by Country (2018-2023)
5.1.3 North America Forging Sales in Value by Country (2018-2023)
5.2 North America Forging Forecasted Market Size by Country
5.2.1 North America Forging Sales in Volume by Country (2024-2029)
5.2.2 North America Forging Sales in Value by Country (2024-2029)
6 Europe Forging by Country
6.1 Europe Forging Historic Market Size by Country
6.1.1 Europe Forging Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Forging Sales in Volume by Country (2018-2023)
6.1.3 Europe Forging Sales in Value by Country (2018-2023)
6.2 Europe Forging Forecasted Market Size by Country
6.2.1 Europe Forging Sales in Volume by Country (2024-2029)
6.2.2 Europe Forging Sales in Value by Country (2024-2029)
7 Asia-Pacific Forging by Region
7.1 Asia-Pacific Forging Historic Market Size by Region
7.1.1 Asia-Pacific Forging Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Forging Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Forging Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Forging Forecasted Market Size by Region
7.2.1 Asia-Pacific Forging Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Forging Sales in Value by Region (2024-2029)
8 Latin America Forging by Country
8.1 Latin America Forging Historic Market Size by Country
8.1.1 Latin America Forging Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Forging Sales in Volume by Country (2018-2023)
8.1.3 Latin America Forging Sales in Value by Country (2018-2023)
8.2 Latin America Forging Forecasted Market Size by Country
8.2.1 Latin America Forging Sales in Volume by Country (2024-2029)
8.2.2 Latin America Forging Sales in Value by Country (2024-2029)
9 Middle East and Africa Forging by Country
9.1 Middle East and Africa Forging Historic Market Size by Country
9.1.1 Middle East and Africa Forging Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Forging Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Forging Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Forging Forecasted Market Size by Country
9.2.1 Middle East and Africa Forging Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Forging Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Nippon Steel & Sumitomo Metal
10.1.1 Nippon Steel & Sumitomo Metal Company Information
10.1.2 Nippon Steel & Sumitomo Metal Introduction and Business Overview
10.1.3 Nippon Steel & Sumitomo Metal Forging Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Nippon Steel & Sumitomo Metal Forging Products Offered
10.1.5 Nippon Steel & Sumitomo Metal Recent Development
10.2 Aichi Steel
10.2.1 Aichi Steel Company Information
10.2.2 Aichi Steel Introduction and Business Overview
10.2.3 Aichi Steel Forging Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Aichi Steel Forging Products Offered
10.2.5 Aichi Steel Recent Development
10.3 Thyssenkrupp
10.3.1 Thyssenkrupp Company Information
10.3.2 Thyssenkrupp Introduction and Business Overview
10.3.3 Thyssenkrupp Forging Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Thyssenkrupp Forging Products Offered
10.3.5 Thyssenkrupp Recent Development
10.4 AAM
10.4.1 AAM Company Information
10.4.2 AAM Introduction and Business Overview
10.4.3 AAM Forging Sales, Revenue and Gross Margin (2018-2023)
10.4.4 AAM Forging Products Offered
10.4.5 AAM Recent Development
10.5 Bharat Forge
10.5.1 Bharat Forge Company Information
10.5.2 Bharat Forge Introduction and Business Overview
10.5.3 Bharat Forge Forging Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Bharat Forge Forging Products Offered
10.5.5 Bharat Forge Recent Development
10.6 KOBELCO
10.6.1 KOBELCO Company Information
10.6.2 KOBELCO Introduction and Business Overview
10.6.3 KOBELCO Forging Sales, Revenue and Gross Margin (2018-2023)
10.6.4 KOBELCO Forging Products Offered
10.6.5 KOBELCO Recent Development
10.7 WanXiang
10.7.1 WanXiang Company Information
10.7.2 WanXiang Introduction and Business Overview
10.7.3 WanXiang Forging Sales, Revenue and Gross Margin (2018-2023)
10.7.4 WanXiang Forging Products Offered
10.7.5 WanXiang Recent Development
10.8 FAW
10.8.1 FAW Company Information
10.8.2 FAW Introduction and Business Overview
10.8.3 FAW Forging Sales, Revenue and Gross Margin (2018-2023)
10.8.4 FAW Forging Products Offered
10.8.5 FAW Recent Development
10.9 Arconic
10.9.1 Arconic Company Information
10.9.2 Arconic Introduction and Business Overview
10.9.3 Arconic Forging Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Arconic Forging Products Offered
10.9.5 Arconic Recent Development
10.10 Mahindra Forgings Europe
10.10.1 Mahindra Forgings Europe Company Information
10.10.2 Mahindra Forgings Europe Introduction and Business Overview
10.10.3 Mahindra Forgings Europe Forging Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Mahindra Forgings Europe Forging Products Offered
10.10.5 Mahindra Forgings Europe Recent Development
10.11 Farinia
10.11.1 Farinia Company Information
10.11.2 Farinia Introduction and Business Overview
10.11.3 Farinia Forging Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Farinia Forging Products Offered
10.11.5 Farinia Recent Development
10.12 Longcheng Forging
10.12.1 Longcheng Forging Company Information
10.12.2 Longcheng Forging Introduction and Business Overview
10.12.3 Longcheng Forging Forging Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Longcheng Forging Forging Products Offered
10.12.5 Longcheng Forging Recent Development
10.13 Sinotruck
10.13.1 Sinotruck Company Information
10.13.2 Sinotruck Introduction and Business Overview
10.13.3 Sinotruck Forging Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Sinotruck Forging Products Offered
10.13.5 Sinotruck Recent Development
10.14 Dongfeng Forging
10.14.1 Dongfeng Forging Company Information
10.14.2 Dongfeng Forging Introduction and Business Overview
10.14.3 Dongfeng Forging Forging Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Dongfeng Forging Forging Products Offered
10.14.5 Dongfeng Forging Recent Development
10.15 Jiangsu Pacific Precision Forging
10.15.1 Jiangsu Pacific Precision Forging Company Information
10.15.2 Jiangsu Pacific Precision Forging Introduction and Business Overview
10.15.3 Jiangsu Pacific Precision Forging Forging Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Jiangsu Pacific Precision Forging Forging Products Offered
10.15.5 Jiangsu Pacific Precision Forging Recent Development
10.16 Sypris Solutions
10.16.1 Sypris Solutions Company Information
10.16.2 Sypris Solutions Introduction and Business Overview
10.16.3 Sypris Solutions Forging Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Sypris Solutions Forging Products Offered
10.16.5 Sypris Solutions Recent Development
10.17 Ashok Leyland
10.17.1 Ashok Leyland Company Information
10.17.2 Ashok Leyland Introduction and Business Overview
10.17.3 Ashok Leyland Forging Sales, Revenue and Gross Margin (2018-2023)
10.17.4 Ashok Leyland Forging Products Offered
10.17.5 Ashok Leyland Recent Development
10.18 Allegheny Technologies
10.18.1 Allegheny Technologies Company Information
10.18.2 Allegheny Technologies Introduction and Business Overview
10.18.3 Allegheny Technologies Forging Sales, Revenue and Gross Margin (2018-2023)
10.18.4 Allegheny Technologies Forging Products Offered
10.18.5 Allegheny Technologies Recent Development
10.19 VDM Metals
10.19.1 VDM Metals Company Information
10.19.2 VDM Metals Introduction and Business Overview
10.19.3 VDM Metals Forging Sales, Revenue and Gross Margin (2018-2023)
10.19.4 VDM Metals Forging Products Offered
10.19.5 VDM Metals Recent Development
10.20 CITIC Heavy Industries
10.20.1 CITIC Heavy Industries Company Information
10.20.2 CITIC Heavy Industries Introduction and Business Overview
10.20.3 CITIC Heavy Industries Forging Sales, Revenue and Gross Margin (2018-2023)
10.20.4 CITIC Heavy Industries Forging Products Offered
10.20.5 CITIC Heavy Industries Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Forging Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Forging Industrial Chain Analysis
11.4 Forging Market Dynamics
11.4.1 Forging Industry Trends
11.4.2 Forging Market Drivers
11.4.3 Forging Market Challenges
11.4.4 Forging Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Forging Distributors
12.3 Forging Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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