Market Overview:
The global forging billets market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for forged parts in various end-use industries, such as automotive, aerospace & defense, and construction. In terms of type, the square billets segment is expected to lead the global forging billets market during the forecast period owing to its high demand from various end-use industries. The round billet segment is projected to grow at a higher CAGR than other types during the forecast period due to its growing demand from automotive and aerospace & defense industries. In terms of application, flanges are estimated to account for a major share of the global forging billets market in 2018. This can be attributedto their growing use in oil & gas pipelines and petrochemical plants across different regions worldwide. Other applications that are expectedto witness significant growth include discs, rings, valves, forged parts (connecting rods), axlesand others (camshafts).
Product Definition:
A forging billet is a metal bar or block that has been specifically heated and then shaped to create a desired object. Billets are often used in the manufacturing of metal parts, such as gears, screws, and bolts. The use of billets allows for greater accuracy and consistency in the production process than if the parts were made from scratch.
Square Billets:
The global square billet market size was valued at USD 1.8 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. Square billets are widely used across several industries including automotive, construction, aerospace & defense, energy & power and mining among others owing to their properties such as high strength and corrosion resistance along with low maintenance costs.
Round Billets:
Round billets are manufactured by the reduction of a solid bar of metal. The shape and size can be varied according to requirements. They are used in various applications including forging billet, pattern pieces, die casting billet and others. Round billets have high demand as compared to forged or cast iron counterparts due to their properties such as uniformity in dimensions along with ease of processing and smooth surfaces which results into better finished products with less wastage.
Application Insights:
The forged parts application segment led the global forging billets market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for forged products in automotive and industrial applications owing to their higher strength-to-weight ratio as compared with conventional machined parts.
Forged components are stronger than those manufactured using conventional methods such as casting or machining, due to better distribution of stress within the component resulting in greater fatigue resistance and durability. Moreover, forged parts require little or no lubrication because of which they become an ideal choice for heavy duty operations where there is continuous exposure to oil & grease contamination. These factors are anticipated to drive product demand over the coming years.
Regional Analysis:
Asia Pacific forged parts market is anticipated to witness significant growth over the forecast period owing to the presence of a large number of automotive manufacturers in this region. The region accounted for 29.1% share in terms of revenue and is expected to grow at a CAGR of XX% from 2018 to 2030, majorly driven by China and India on account their rapid industrialization, availability of low-cost labor, high economic development as well as government initiatives favoring manufacturing sector are some prime factors responsible for its rapid growth across Asia Pacific region.
The Middle East & Africa forged parts market was valued at USD X million in 2017 and is projected to expand at a CAGR exceeding 7% during the forecast period due to increasing demand from oil & gas industry coupled with rising investments by various multinational companies such as Total SA for expanding their operations within this region which will drive overall demand across this application segment over the next eight years (2018 - 2030).
Growth Factors:
- Increasing demand for forged components in the automotive and aerospace industries
- Growing popularity of lightweight forged components in the automotive industry
- Rising demand for customized forged components from end-use industries
- Technological advancements in forging processes and equipment
- Expansion of forging capacities by key players
Scope Of The Report
Report Attributes
Report Details
Report Title
Forging Billets Market Research Report
By Type
Square Billets, Round Billets
By Application
Flanges, Discs, Rings, Valves, Forged Parts, Axles
By Companies
Sandvik, Ellwood City Forge, UBE STEEL, Deutsche Nickel, Alcoa, AMETEK, Arconic, Emirates Global Aluminium, IAS, Hindalco, Matalco, Rusal, Service Center Metals, Vista Metals
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Forging Billets Market Report Segments:
The global Forging Billets market is segmented on the basis of:
Types
Square Billets, Round Billets
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
Flanges, Discs, Rings, Valves, Forged Parts, Axles
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:
- Sandvik
- Ellwood City Forge
- UBE STEEL
- Deutsche Nickel
- Alcoa
- AMETEK
- Arconic
- Emirates Global Aluminium
- IAS
- Hindalco
- Matalco
- Rusal
- Service Center Metals
- Vista Metals
Highlights of The Forging Billets 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:
- Square Billets
- Round Billets
- By Application:
- Flanges
- Discs
- Rings
- Valves
- Forged Parts
- Axles
- 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 Forging Billets 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?
Forging billets is a process of creating a metal product by heating and hammering two or more pieces of metal together. The result is a stronger, more durable piece of metal than would be possible if the pieces were simply welded together.
Some of the major companies in the forging billets market are Sandvik, Ellwood City Forge, UBE STEEL, Deutsche Nickel, Alcoa, AMETEK, Arconic, Emirates Global Aluminium, IAS, Hindalco, Matalco, Rusal, Service Center Metals, Vista Metals.
The forging billets market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Forging Billets 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. Forging Billets Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Forging Billets Market - Supply Chain
4.5. Global Forging Billets Market Forecast
4.5.1. Forging Billets Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Forging Billets Market Size (000 Units) and Y-o-Y Growth
4.5.3. Forging Billets Market Absolute $ Opportunity
5. Global Forging Billets 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. Forging Billets Market Size and Volume Forecast by Type
5.3.1. Square Billets
5.3.2. Round Billets
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Forging Billets 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. Forging Billets Market Size and Volume Forecast by Application
6.3.1. Flanges
6.3.2. Discs
6.3.3. Rings
6.3.4. Valves
6.3.5. Forged Parts
6.3.6. Axles
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Forging Billets 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. Forging Billets 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 Forging Billets 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. Forging Billets 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 Forging Billets Demand Share Forecast, 2019-2026
9. North America Forging Billets 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 Forging Billets 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 Forging Billets Market Size and Volume Forecast by Application
9.4.1. Flanges
9.4.2. Discs
9.4.3. Rings
9.4.4. Valves
9.4.5. Forged Parts
9.4.6. Axles
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Forging Billets Market Size and Volume Forecast by Type
9.7.1. Square Billets
9.7.2. Round Billets
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 Forging Billets Demand Share Forecast, 2019-2026
10. Latin America Forging Billets 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 Forging Billets 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 Forging Billets Market Size and Volume Forecast by Application
10.4.1. Flanges
10.4.2. Discs
10.4.3. Rings
10.4.4. Valves
10.4.5. Forged Parts
10.4.6. Axles
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Forging Billets Market Size and Volume Forecast by Type
10.7.1. Square Billets
10.7.2. Round Billets
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 Forging Billets Demand Share Forecast, 2019-2026
11. Europe Forging Billets 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 Forging Billets 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 Forging Billets Market Size and Volume Forecast by Application
11.4.1. Flanges
11.4.2. Discs
11.4.3. Rings
11.4.4. Valves
11.4.5. Forged Parts
11.4.6. Axles
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Forging Billets Market Size and Volume Forecast by Type
11.7.1. Square Billets
11.7.2. Round Billets
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by 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 Forging Billets Demand Share, 2019-2026
12. Asia Pacific Forging Billets 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 Forging Billets 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 Forging Billets Market Size and Volume Forecast by Application
12.4.1. Flanges
12.4.2. Discs
12.4.3. Rings
12.4.4. Valves
12.4.5. Forged Parts
12.4.6. Axles
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Forging Billets Market Size and Volume Forecast by Type
12.7.1. Square Billets
12.7.2. Round Billets
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 Forging Billets Demand Share, 2019-2026
13. Middle East & Africa Forging Billets 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 Forging Billets 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 Forging Billets Market Size and Volume Forecast by Application
13.4.1. Flanges
13.4.2. Discs
13.4.3. Rings
13.4.4. Valves
13.4.5. Forged Parts
13.4.6. Axles
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Forging Billets Market Size and Volume Forecast by Type
13.7.1. Square Billets
13.7.2. Round Billets
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 Forging Billets Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Forging Billets Market: Market Share Analysis
14.2. Forging Billets Distributors and Customers
14.3. Forging Billets Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sandvik
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ellwood City Forge
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. UBE STEEL
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Deutsche Nickel
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. AMETEK
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Arconic
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Emirates Global Aluminium
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. IAS
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hindalco
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Matalco
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Rusal
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Service Center Metals
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Vista Metals
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
