Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Casting and Forging Market by Type (Closed Die Forging, Open Die Forging), By Application (Automobile, Mining, Construction, Industrial, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Casting and Forging Market by Type (Closed Die Forging, Open Die Forging), By Application (Automobile, Mining, Construction, Industrial, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 134143 3300 Machinery & Equipment 377 236 Pages 4.5 (35)
                                          

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:

  1. 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.
  2. The world's economy is improving, which means that there are more jobs available and people have more money to spend on home improvements.
  3. 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.
  4. 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.
  5. 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 Industry Outlook


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:

  1. Mahindra Forgings Europe AG
  2. Siempelkamp Group
  3. ThyssenKrupp AG
  4. Aichi Steel
  5. Alcoa
  6. Allegheny Technologies
  7. Bharat Forged
  8. KITZ
  9. Nippon Steel & Sumitomo Metal
  10. Schuler Group
  11. SNT

Global Casting and Forging Market Overview


Highlights of The Casting and Forging Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Closed Die Forging
    2. Open Die Forging
  1. By Application:

    1. Automobile
    2. Mining
    3. Construction
    4. Industrial
    5. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Casting and Forging Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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