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Global Forging Market Analysis By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 1/12/2023
  • NO OF PAGES
  • 262
  • CATEGORY
  • Chemicals & Materials
Forging market report presents a global overview of market shares, size, statistics, trends, demand, revenue and growth opportunities by key players, regions and countries. This report offers a complete market overview during the past, present, and the forecast period till 2032 which helps to identify future opportunities, risk factors, growing areas. Report also highlight on recent developments, technological innovations, market affecting factors, demographics analysis, demand and supply chain which gives brief strategy of market growth during the forecast period. It also gives in-depth insights on SWOT and PESTLE analysis based on industry segmentations and regional developments.

Market Overview:
The report provides a basic overview of the industry including definitions, classifications, and industry chain structure. The Forging market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand, price, revenue and gross margins.

Report Scope:
The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Forging manufacturers, distributors, end users, industry associations, governments’ industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Forging market covering all its essential aspects.

Global Forging Market: Segmentations

Global Forging Market: By Key Players
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 Types
Closed Die Forgings
Open Die Forgings
Rolled Rings Forgings

Global Forging Market: By Applications
Powertrain Components
Chassis Components
Transmission Parts



Global Forging Market: Regional Analysis
The countries covered in the regional analysis of the Global Forging market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Forging market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Forging would help in identifying future applications in this market.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Objectives of the Study:
• To provide with an exhaustive analysis on the Forging Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Forging Revenue
1.4 Market Analysis by Type
1.4.1 Global Forging Market Size Growth Rate by Type: 2023 VS 2032
1.4.2 Closed Die Forgings
1.4.3 Open Die Forgings
1.4.4 Rolled Rings Forgings
1.5 Market by Application
1.5.1 Global Forging Market Share by Application: 2023-2032
1.5.2 Powertrain Components
1.5.3 Chassis Components
1.5.4 Transmission Parts
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global Forging Market
1.8.1 Global Forging Market Status and Outlook (2017-2032)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global Forging Production Capacity Market Share by Manufacturers (2017-2022)
2.2 Global Forging Revenue Market Share by Manufacturers (2017-2022)
2.3 Global Forging Average Price by Manufacturers (2017-2022)
2.4 Manufacturers Forging Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global Forging Sales Volume Market Share by Region (2017-2022)
3.2 Global Forging Sales Revenue Market Share by Region (2017-2022)
3.3 North America Forging Sales Volume
3.3.1 North America Forging Sales Volume Growth Rate (2017-2022)
3.3.2 North America Forging Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.4 East Asia Forging Sales Volume
3.4.1 East Asia Forging Sales Volume Growth Rate (2017-2022)
3.4.2 East Asia Forging Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.5 Europe Forging Sales Volume (2017-2022)
3.5.1 Europe Forging Sales Volume Growth Rate (2017-2022)
3.5.2 Europe Forging Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.6 South Asia Forging Sales Volume (2017-2022)
3.6.1 South Asia Forging Sales Volume Growth Rate (2017-2022)
3.6.2 South Asia Forging Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.7 Southeast Asia Forging Sales Volume (2017-2022)
3.7.1 Southeast Asia Forging Sales Volume Growth Rate (2017-2022)
3.7.2 Southeast Asia Forging Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.8 Middle East Forging Sales Volume (2017-2022)
3.8.1 Middle East Forging Sales Volume Growth Rate (2017-2022)
3.8.2 Middle East Forging Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.9 Africa Forging Sales Volume (2017-2022)
3.9.1 Africa Forging Sales Volume Growth Rate (2017-2022)
3.9.2 Africa Forging Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.10 Oceania Forging Sales Volume (2017-2022)
3.10.1 Oceania Forging Sales Volume Growth Rate (2017-2022)
3.10.2 Oceania Forging Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.11 South America Forging Sales Volume (2017-2022)
3.11.1 South America Forging Sales Volume Growth Rate (2017-2022)
3.11.2 South America Forging Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.12 Rest of the World Forging Sales Volume (2017-2022)
3.12.1 Rest of the World Forging Sales Volume Growth Rate (2017-2022)
3.12.2 Rest of the World Forging Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
4 North America
4.1 North America Forging Consumption by Countries
4.2 United States
4.3 Canada
4.4 Mexico
5 East Asia
5.1 East Asia Forging Consumption by Countries
5.2 China
5.3 Japan
5.4 South Korea
6 Europe
6.1 Europe Forging Consumption by Countries
6.2 Germany
6.3 United Kingdom
6.4 France
6.5 Italy
6.6 Russia
6.7 Spain
6.8 Netherlands
6.9 Switzerland
6.10 Poland
7 South Asia
7.1 South Asia Forging Consumption by Countries
7.2 India
7.3 Pakistan
7.4 Bangladesh
8 Southeast Asia
8.1 Southeast Asia Forging Consumption by Countries
8.2 Indonesia
8.3 Thailand
8.4 Singapore
8.5 Malaysia
8.6 Philippines
8.7 Vietnam
8.8 Myanmar
9 Middle East
9.1 Middle East Forging Consumption by Countries
9.2 Turkey
9.3 Saudi Arabia
9.4 Iran
9.5 United Arab Emirates
9.6 Israel
9.7 Iraq
9.8 Qatar
9.9 Kuwait
9.10 Oman
10 Africa
10.1 Africa Forging Consumption by Countries
10.2 Nigeria
10.3 South Africa
10.4 Egypt
10.5 Algeria
10.6 Morocco
11 Oceania
11.1 Oceania Forging Consumption by Countries
11.2 Australia
11.3 New Zealand
12 South America
12.1 South America Forging Consumption by Countries
12.2 Brazil
12.3 Argentina
12.4 Columbia
12.5 Chile
12.6 Venezuela
12.7 Peru
12.8 Puerto Rico
12.9 Ecuador
13 Rest of the World
13.1 Rest of the World Forging Consumption by Countries
13.2 Kazakhstan
14 Sales Volume, Sales Revenue, Sales Price Trend by Type
14.1 Global Forging Sales Volume Market Share by Type (2017-2022)
14.2 Global Forging Sales Revenue Market Share by Type (2017-2022)
14.3 Global Forging Sales Price by Type (2017-2022)
15 Consumption Analysis by Application
15.1 Global Forging Consumption Volume by Application (2017-2022)
15.2 Global Forging Consumption Value by Application (2017-2022)
16 Company Profiles and Key Figures in Forging Business
16.1 Nippon Steel & Sumitomo Metal
16.1.1 Nippon Steel & Sumitomo Metal Company Profile
16.1.2 Nippon Steel & Sumitomo Metal Forging Product Specification
16.1.3 Nippon Steel & Sumitomo Metal Forging Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.2 Aichi Steel
16.2.1 Aichi Steel Company Profile
16.2.2 Aichi Steel Forging Product Specification
16.2.3 Aichi Steel Forging Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.3 Thyssenkrupp
16.3.1 Thyssenkrupp Company Profile
16.3.2 Thyssenkrupp Forging Product Specification
16.3.3 Thyssenkrupp Forging Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.4 AAM
16.4.1 AAM Company Profile
16.4.2 AAM Forging Product Specification
16.4.3 AAM Forging Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.5 Bharat Forge
16.5.1 Bharat Forge Company Profile
16.5.2 Bharat Forge Forging Product Specification
16.5.3 Bharat Forge Forging Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.6 KOBELCO
16.6.1 KOBELCO Company Profile
16.6.2 KOBELCO Forging Product Specification
16.6.3 KOBELCO Forging Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.7 WanXiang
16.7.1 WanXiang Company Profile
16.7.2 WanXiang Forging Product Specification
16.7.3 WanXiang Forging Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.8 FAW
16.8.1 FAW Company Profile
16.8.2 FAW Forging Product Specification
16.8.3 FAW Forging Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.9 Arconic
16.9.1 Arconic Company Profile
16.9.2 Arconic Forging Product Specification
16.9.3 Arconic Forging Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.10 Mahindra Forgings Europe
16.10.1 Mahindra Forgings Europe Company Profile
16.10.2 Mahindra Forgings Europe Forging Product Specification
16.10.3 Mahindra Forgings Europe Forging Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.11 Farinia
16.11.1 Farinia Company Profile
16.11.2 Farinia Forging Product Specification
16.11.3 Farinia Forging Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.12 Longcheng Forging
16.12.1 Longcheng Forging Company Profile
16.12.2 Longcheng Forging Forging Product Specification
16.12.3 Longcheng Forging Forging Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.13 Sinotruck
16.13.1 Sinotruck Company Profile
16.13.2 Sinotruck Forging Product Specification
16.13.3 Sinotruck Forging Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.14 Dongfeng Forging
16.14.1 Dongfeng Forging Company Profile
16.14.2 Dongfeng Forging Forging Product Specification
16.14.3 Dongfeng Forging Forging Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.15 Jiangsu Pacific Precision Forging
16.15.1 Jiangsu Pacific Precision Forging Company Profile
16.15.2 Jiangsu Pacific Precision Forging Forging Product Specification
16.15.3 Jiangsu Pacific Precision Forging Forging Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.16 Sypris Solutions
16.16.1 Sypris Solutions Company Profile
16.16.2 Sypris Solutions Forging Product Specification
16.16.3 Sypris Solutions Forging Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.17 Ashok Leyland
16.17.1 Ashok Leyland Company Profile
16.17.2 Ashok Leyland Forging Product Specification
16.17.3 Ashok Leyland Forging Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.18 Allegheny Technologies
16.18.1 Allegheny Technologies Company Profile
16.18.2 Allegheny Technologies Forging Product Specification
16.18.3 Allegheny Technologies Forging Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.19 VDM Metals
16.19.1 VDM Metals Company Profile
16.19.2 VDM Metals Forging Product Specification
16.19.3 VDM Metals Forging Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.20 CITIC Heavy Industries
16.20.1 CITIC Heavy Industries Company Profile
16.20.2 CITIC Heavy Industries Forging Product Specification
16.20.3 CITIC Heavy Industries Forging Production Capacity, Revenue, Price and Gross Margin (2017-2022)
17 Forging Manufacturing Cost Analysis
17.1 Forging Key Raw Materials Analysis
17.1.1 Key Raw Materials
17.2 Proportion of Manufacturing Cost Structure
17.3 Manufacturing Process Analysis of Forging
17.4 Forging Industrial Chain Analysis
18 Marketing Channel, Distributors and Customers
18.1 Marketing Channel
18.2 Forging Distributors List
18.3 Forging Customers
19 Market Dynamics
19.1 Market Trends
19.2 Opportunities and Drivers
19.3 Challenges
19.4 Porter's Five Forces Analysis
20 Production and Supply Forecast
20.1 Global Forecasted Production of Forging (2023-2032)
20.2 Global Forecasted Revenue of Forging (2023-2032)
20.3 Global Forecasted Price of Forging (2017-2032)
20.4 Global Forecasted Production of Forging by Region (2023-2032)
20.4.1 North America Forging Production, Revenue Forecast (2023-2032)
20.4.2 East Asia Forging Production, Revenue Forecast (2023-2032)
20.4.3 Europe Forging Production, Revenue Forecast (2023-2032)
20.4.4 South Asia Forging Production, Revenue Forecast (2023-2032)
20.4.5 Southeast Asia Forging Production, Revenue Forecast (2023-2032)
20.4.6 Middle East Forging Production, Revenue Forecast (2023-2032)
20.4.7 Africa Forging Production, Revenue Forecast (2023-2032)
20.4.8 Oceania Forging Production, Revenue Forecast (2023-2032)
20.4.9 South America Forging Production, Revenue Forecast (2023-2032)
20.4.10 Rest of the World Forging Production, Revenue Forecast (2023-2032)
20.5 Forecast by Type and by Application (2023-2032)
20.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2023-2032)
20.5.2 Global Forecasted Consumption of Forging by Application (2023-2032)
21 Consumption and Demand Forecast
21.1 North America Forecasted Consumption of Forging by Country
21.2 East Asia Market Forecasted Consumption of Forging by Country
21.3 Europe Market Forecasted Consumption of Forging by Countriy
21.4 South Asia Forecasted Consumption of Forging by Country
21.5 Southeast Asia Forecasted Consumption of Forging by Country
21.6 Middle East Forecasted Consumption of Forging by Country
21.7 Africa Forecasted Consumption of Forging by Country
21.8 Oceania Forecasted Consumption of Forging by Country
21.9 South America Forecasted Consumption of Forging by Country
21.10 Rest of the world Forecasted Consumption of Forging by Country
22 Research Findings and Conclusion
23 Methodology and Data Source
23.1 Methodology/Research Approach
23.1.1 Research Programs/Design
23.1.2 Market Size Estimation
23.1.3 Market Breakdown and Data Triangulation
23.2 Data Source
23.2.1 Secondary Sources
23.2.2 Primary Sources
23.3 Disclaimer

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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  • Conduct frequent client communications
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  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.

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