Drop forging is a metal forming process that involves the use of a hammer to shape metal by striking it with a die. The process is used to produce parts for various industries, including automotive, aerospace, agricultural and industrial. Drop forging is also known as cold-forming or hot-forging.
The global drop forging market was valued at USD 3.5 billion in 2018 and is expected to reach USD 4.8 billion by 2030, growing at a CAGR of 5% from 2019 to 2030. Open die drop forging accounted for the largest share of the global drop forging market in 2018 and will continue its dominance throughout the forecast period owing to its low cost and high production capacity compared with closed die drop forging processes. Automotive applications accounted for the largest share of demand in 2018 due to their high demand for forged components such as crankshafts, connecting rods and camshafts which are used in engines; this trend will continue through 2030 owing to increasing vehicle production across regions such as North America, Europe and Asia Pacific which will drive demand for forged components from 2020 onwards.
Some Of The Growth Factors Of This Market:
- Drop forging is a process that is used to create metal parts by using a hammer and anvil to shape the metal.
- Drop forging is used in the automotive, aerospace, and construction industries.
- Drop forging can be done with or without heat treatment depending on the type of material being forged and its desired properties after it has been forged.
- The drop forging process can be done manually or with automated equipment such as presses, hammers, dies, and anvils.
- The drop forging process can produce parts that are stronger than those created by other processes.
Industry Growth Insights published a new data on “Drop Forging Market”. The research report is titled “Drop Forging Market research by Types (Open Die Drop Forging, Closed Die Drop Forging), By Applications (Automotive, Aerospace, Agricultural, Industrial, Others), By Players/Companies Precision Castparts, Arconic, KOBELCO, Thyssenkrupp, Aichi Forge, Eramet Group, AAM, Bharat Forge, Avic Heavy Machinery, VSMPO-AVISMA, ATI, Wanxiang Group, JSW, CITIC Heavy Industries, Scot Forge, Farinia Group, Longcheng Precision Forging, Tongyu Heavy Industry, Dongfeng Forging, Pacific Precision Forging, China First Heavy Industries, Sypris Solutions, Kalyani Forge, Ellwood Group, Schuler (Andritz Group)”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Drop Forging Market Research Report
By Type
Open Die Drop Forging, Closed Die Drop Forging
By Application
Automotive, Aerospace, Agricultural, Industrial, Others
By Companies
Precision Castparts, Arconic, KOBELCO, Thyssenkrupp, Aichi Forge, Eramet Group, AAM, Bharat Forge, Avic Heavy Machinery, VSMPO-AVISMA, ATI, Wanxiang Group, JSW, CITIC Heavy Industries, Scot Forge, Farinia Group, Longcheng Precision Forging, Tongyu Heavy Industry, Dongfeng Forging, Pacific Precision Forging, China First Heavy Industries, Sypris Solutions, Kalyani Forge, Ellwood Group, Schuler (Andritz Group)
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 Drop Forging Market Report Segments:
The global Drop Forging market is segmented on the basis of:
Types
Open Die Drop Forging, Closed Die Drop 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
Automotive, Aerospace, Agricultural, Industrial, Others
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:
- Precision Castparts
- Arconic
- KOBELCO
- Thyssenkrupp
- Aichi Forge
- Eramet Group
- AAM
- Bharat Forge
- Avic Heavy Machinery
- VSMPO-AVISMA
- ATI
- Wanxiang Group
- JSW
- CITIC Heavy Industries
- Scot Forge
- Farinia Group
- Longcheng Precision Forging
- Tongyu Heavy Industry
- Dongfeng Forging
- Pacific Precision Forging
- China First Heavy Industries
- Sypris Solutions
- Kalyani Forge
- Ellwood Group
- Schuler (Andritz Group)
Highlights of The Drop 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:
- Open Die Drop Forging
- Closed Die Drop Forging
- By Application:
- Automotive
- Aerospace
- Agricultural
- Industrial
- Others
- 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 Drop 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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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?
Drop forging is a type of forging where the metal is heated until it reaches its molten state and then poured into a die to create the desired shape.
Some of the major players in the drop forging market are Precision Castparts, Arconic, KOBELCO, Thyssenkrupp, Aichi Forge, Eramet Group, AAM, Bharat Forge, Avic Heavy Machinery, VSMPO-AVISMA, ATI, Wanxiang Group, JSW, CITIC Heavy Industries, Scot Forge, Farinia Group, Longcheng Precision Forging, Tongyu Heavy Industry, Dongfeng Forging, Pacific Precision Forging, China First Heavy Industries, Sypris Solutions, Kalyani Forge, Ellwood Group, Schuler (Andritz Group).
The drop forging market is expected to register a CAGR of 5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Drop 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. Drop Forging Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Drop Forging Market - Supply Chain
4.5. Global Drop Forging Market Forecast
4.5.1. Drop Forging Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Drop Forging Market Size (000 Units) and Y-o-Y Growth
4.5.3. Drop Forging Market Absolute $ Opportunity
5. Global Drop 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. Drop Forging Market Size and Volume Forecast by Type
5.3.1. Open Die Drop Forging
5.3.2. Closed Die Drop Forging
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Drop 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. Drop Forging Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Aerospace
6.3.3. Agricultural
6.3.4. Industrial
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Drop 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. Drop 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 Drop 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. Drop 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 Drop Forging Demand Share Forecast, 2019-2026
9. North America Drop 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 Drop 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 Drop Forging Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Aerospace
9.4.3. Agricultural
9.4.4. Industrial
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Drop Forging Market Size and Volume Forecast by Type
9.7.1. Open Die Drop Forging
9.7.2. Closed Die Drop 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 Drop Forging Demand Share Forecast, 2019-2026
10. Latin America Drop 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 Drop 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 Drop Forging Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Aerospace
10.4.3. Agricultural
10.4.4. Industrial
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Drop Forging Market Size and Volume Forecast by Type
10.7.1. Open Die Drop Forging
10.7.2. Closed Die Drop 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 Drop Forging Demand Share Forecast, 2019-2026
11. Europe Drop 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 Drop 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 Drop Forging Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Aerospace
11.4.3. Agricultural
11.4.4. Industrial
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Drop Forging Market Size and Volume Forecast by Type
11.7.1. Open Die Drop Forging
11.7.2. Closed Die Drop Forging
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potetial 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 Drop Forging Demand Share, 2019-2026
12. Asia Pacific Drop 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 Drop 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 Drop Forging Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Aerospace
12.4.3. Agricultural
12.4.4. Industrial
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Drop Forging Market Size and Volume Forecast by Type
12.7.1. Open Die Drop Forging
12.7.2. Closed Die Drop 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 Drop Forging Demand Share, 2019-2026
13. Middle East & Africa Drop 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 Drop 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 Drop Forging Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Aerospace
13.4.3. Agricultural
13.4.4. Industrial
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Drop Forging Market Size and Volume Forecast by Type
13.7.1. Open Die Drop Forging
13.7.2. Closed Die Drop 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 Drop Forging Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Drop Forging Market: Market Share Analysis
14.2. Drop Forging Distributors and Customers
14.3. Drop Forging Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Precision Castparts
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Arconic
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. KOBELCO
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Thyssenkrupp
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Aichi Forge
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Eramet Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. AAM
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bharat Forge
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Avic Heavy Machinery
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. VSMPO-AVISMA
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ATI
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Wanxiang Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. JSW
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. CITIC Heavy Industries
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Scot Forge
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Farinia Group
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Longcheng Precision Forging
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Tongyu Heavy Industry
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Dongfeng Forging
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Pacific Precision Forging
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
