The global casting and forging market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth of the market is attributed to the increasing demand for castings and forgings in various industries such as automotive, mining, construction, and industrial applications. Forging has been used for centuries in metalworking processes because it can produce parts with complex shapes that are difficult or impossible to make using other methods.
Some Of The Growth Factors Of This Market:
- The global population is increasing, which means more people are entering the workforce and buying homes. This will increase demand for new construction and renovation projects, which will require more metal products to be cast or forged.
- The world's economy is improving, which means that there are more jobs available and people have more money to spend on home improvements.
- There is a growing trend of people wanting to live in urban areas instead of rural areas, which means that there will be an increased need for new housing developments in urban areas where metal products are often used as building materials such as steel beams or copper wiring for electrical systems.
- There has been a shift from manufacturing goods domestically to outsourcing production overseas due to cheaper labor costs in other countries like China or India; this has led many companies who rely on these goods being manufactured domestically (such as the automotive industry) to move their operations back into the United States so they can keep up with demand for their products while also reducing costs by producing locally instead of overseas; this shift will lead to an increased need for metal casting and forging services because it takes time before these companies can get back up and running at full capacity after moving operations back into the US.
- As technology advances, there is a greater need for metals that conduct electricity such as copper wire or aluminum wiring because they allow electricity flow without resistance; this creates an increased demand for metals like copper or aluminum.
Industry Growth Insights published a new data on “Casting and Forging Market”. The research report is titled “Casting and Forging Market research by Types (Closed Die Forging, Open Die Forging), By Applications (Automobile, Mining, Construction, Industrial, Other), By Players/Companies Mahindra Forgings Europe AG, Siempelkamp Group, ThyssenKrupp AG, Aichi Steel, Alcoa, Allegheny Technologies, Bharat Forged, KITZ, Nippon Steel & Sumitomo Metal, Schuler Group, SNT”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Casting and Forging Market Research Report
By Type
Closed Die Forging, Open Die Forging
By Application
Automobile, Mining, Construction, Industrial, Other
By Companies
Mahindra Forgings Europe AG, Siempelkamp Group, ThyssenKrupp AG, Aichi Steel, Alcoa, Allegheny Technologies, Bharat Forged, KITZ, Nippon Steel & Sumitomo Metal, Schuler Group, SNT
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Casting and Forging Market Report Segments:
The global Casting and Forging market is segmented on the basis of:
Types
Closed Die Forging, Open Die Forging
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automobile, Mining, Construction, Industrial, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mahindra Forgings Europe AG
- Siempelkamp Group
- ThyssenKrupp AG
- Aichi Steel
- Alcoa
- Allegheny Technologies
- Bharat Forged
- KITZ
- Nippon Steel & Sumitomo Metal
- Schuler Group
- SNT
Highlights of The Casting and Forging Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Closed Die Forging
- Open Die Forging
- By Application:
- Automobile
- Mining
- Construction
- Industrial
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Casting and Forging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Casting is the process of making a metal object by pouring molten metal into a mold. Forging is the process of heating and hammering two pieces of metal together until they are joined.
Some of the major companies in the casting and forging market are Mahindra Forgings Europe AG, Siempelkamp Group, ThyssenKrupp AG, Aichi Steel, Alcoa, Allegheny Technologies, Bharat Forged, KITZ, Nippon Steel & Sumitomo Metal, Schuler Group, SNT.
The casting and forging market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Casting and Forging Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Casting and Forging Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Casting and Forging Market - Supply Chain
4.5. Global Casting and Forging Market Forecast
4.5.1. Casting and Forging Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Casting and Forging Market Size (000 Units) and Y-o-Y Growth
4.5.3. Casting and Forging Market Absolute $ Opportunity
5. Global Casting and Forging Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Casting and Forging Market Size and Volume Forecast by Type
5.3.1. Closed Die Forging
5.3.2. Open Die Forging
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Casting and Forging Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Casting and Forging Market Size and Volume Forecast by Application
6.3.1. Automobile
6.3.2. Mining
6.3.3. Construction
6.3.4. Industrial
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Casting and Forging Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Casting and Forging Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Casting and Forging Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Casting and Forging Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Casting and Forging Demand Share Forecast, 2019-2029
9. North America Casting and Forging Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Casting and Forging Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Casting and Forging Market Size and Volume Forecast by Application
9.4.1. Automobile
9.4.2. Mining
9.4.3. Construction
9.4.4. Industrial
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Casting and Forging Market Size and Volume Forecast by Type
9.7.1. Closed Die Forging
9.7.2. Open Die Forging
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Casting and Forging Demand Share Forecast, 2019-2029
10. Latin America Casting and Forging Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Casting and Forging Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Casting and Forging Market Size and Volume Forecast by Application
10.4.1. Automobile
10.4.2. Mining
10.4.3. Construction
10.4.4. Industrial
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Casting and Forging Market Size and Volume Forecast by Type
10.7.1. Closed Die Forging
10.7.2. Open Die Forging
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Casting and Forging Demand Share Forecast, 2019-2029
11. Europe Casting and Forging Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Casting and Forging Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Casting and Forging Market Size and Volume Forecast by Application
11.4.1. Automobile
11.4.2. Mining
11.4.3. Construction
11.4.4. Industrial
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Casting and Forging Market Size and Volume Forecast by Type
11.7.1. Closed Die Forging
11.7.2. Open Die Forging
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projectionsby Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Casting and Forging Demand Share, 2019-2029
12. Asia Pacific Casting and Forging Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Casting and Forging Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Casting and Forging Market Size and Volume Forecast by Application
12.4.1. Automobile
12.4.2. Mining
12.4.3. Construction
12.4.4. Industrial
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Casting and Forging Market Size and Volume Forecast by Type
12.7.1. Closed Die Forging
12.7.2. Open Die Forging
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Casting and Forging Demand Share, 2019-2029
13. Middle East & Africa Casting and Forging Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Casting and Forging Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Casting and Forging Market Size and Volume Forecast by Application
13.4.1. Automobile
13.4.2. Mining
13.4.3. Construction
13.4.4. Industrial
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Casting and Forging Market Size and Volume Forecast by Type
13.7.1. Closed Die Forging
13.7.2. Open Die Forging
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Casting and Forging Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Casting and Forging Market: Market Share Analysis
14.2. Casting and Forging Distributors and Customers
14.3. Casting and Forging Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mahindra Forgings Europe AG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siempelkamp Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ThyssenKrupp AG
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Aichi Steel
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Alcoa
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Allegheny Technologies
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bharat Forged
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. KITZ
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Nippon Steel & Sumitomo Metal
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Schuler Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SNT
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
