The Forging Market report provides an unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas, market drivers, which would help stakeholders to device and align Forging market strategies according to the current and future market. The report firstly introduced the Forging basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world’s main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis
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About Forging Industry
The global average price of automotive forging products is in the decreasing trend, from 2271 USD/MT in 2013 to 2164 USD/MT in 2017. With the situation of raw material, prices will be in increasing trend in the following five years. In terms of raw material, the segments of the global automotive forging market include aluminum, copper/brass/bronze, low-carbon & low-alloy steels, special alloy steel, stainless steel.
The segments of the global automotive forging market on the basis of type are closed die, open die, and rolled rings. Amongst them, the segment of closed die dominates in terms of revenue and the trend is expected to continue over the forecast period. This is due to the par excellence performance and finish of products that are obtained using this process.
The key application segments of the global automotive forging market covered in this report are powertrain components, chassis components, transmission parts and other part. Amongst all, powertrain components are the leading application segment of the market. The leading share of the powertrain components segment is ascribed to the expansion of the automobile industry to cater to the high demand for automobiles. The powertrain components segment held almost 48.21% of the global automotive forging market in terms of volume in 2017.
Geography-wise, the global automotive forging market is segmented into North America, Europe, Asia Pacific (China, India, Japan, etc.). In the years ahead, Asia Pacific is expected to display the leading growth amongst other key regions. The growth of the region is mainly driven by the development of automotive industries. Emerging economies of the region are major consumers of forged metal for the rising urbanization and industrialization in these regions.
The capital-intensive nature of the global automotive forging market accounts for the clear dominance of well-entrenched players that operate in international markets. This poses challenge for small players that compete with large players with respect to quality, features, functionalities, and services. The use of newer technologies by large players to add qualitative value to existing products will further add to the woes of small players.
The worldwide market for Forging is expected to grow at a CAGR of roughly 5.4% over the next five years, will reach 52000 million US$ in 2024, from 38000 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Forging in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
The overviews, SWOT analysis and strategies of each vendor in the Forging market provide understanding about the market forces and how those can be exploited to create future opportunities.
Key Players in this Forging market are:–
- Nippon Steel & Sumitomo Metal
Bharat Forge Limited
Mahindra Forgings Europe
Jiangsu Pacific Precision Forging
Ashok Leyland Limited
CITIC Heavy Industries
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Important application areas of Forging are also assessed on the basis of their performance. Market predictions along with the statistical nuances presented in the report render an insightful view of the Forging market. The market study on Global Forging Market 2018 report studies present as well as future aspects of the Forging Market primarily based upon factors on which the companies participate in the market growth, key trends and segmentation analysis.
Application of Forging Market are:
Product Segment Analysis of the Forging Market is:
Closed Die Forgings
Open Die Forgings
Rolled Rings Forgings
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This research report consists of the world’s crucial region market share, size (volume), trends including the product profit, price, Value, production, capacity, capability utilization, supply, and demand and industry growth rate.
Geographically this report covers all the major manufacturers from India, China, USA, UK, and Japan. The present, past and forecast overview of Forging market is represented in this report.
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Research objectives of Forging Market:
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
Key Benefits of having Forging Market Report
• This report will help to develop Business Strategies by understanding the trends shaping and driving Forging market
• Organize sales and marketing efforts by identifying the best opportunities for Forging market
• To understand the future market competition in the Forging market.
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Report Price: USD 3480
No of Pages in Forging Market: 137
Analysis & Forecast Time Period: 2015-2024
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