Market Overview:
The global industrial forging 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 from various end-use industries, such as aerospace, automotive, machinery, military/defense, mining and oil & gas. In terms of type, the hot forging segment is expected to hold the largest share of the global industrial forging market during the forecast period. This can be attributed to its ability to produce high-quality parts with tight tolerances and reduced manufacturing time as compared to other types of forging processes.
Product Definition:
Industrial forging is the process of shaping metal using a press or hammer. It is an important process for manufacturing parts for machines and other equipment.
Hot Forging:
Hot Forging is a process of manufacturing metal parts by heating the metal work piece above its melting point. The molten metal is forced into the open die and then it cools down to form the desired shape. Hot forging is mostly used for forming sheet metals such as steel, aluminum and others but can be used for plastic as well.
Warm Forging:
Warm forging is a process in which the metalworking operations are carried out at elevated temperatures. The purpose of warm forging is to reduce the size of the cold work pieces and make them suitable for hot working. In this process, both high as well as low carbon steel can be employed wherein it saves energy by reducing or eliminating the need for subsequent cold work.
Application Insights:
The automotive segment accounted for the largest revenue share in 2016 and is anticipated to continue its dominance over the forecast period. The growth of this segment can be attributed to increasing production of passenger cars and commercial vehicles, especially in China, India, South Korea and Japan. These countries are among the leading manufacturers across the world owing to their large domestic markets as well as lucrative foreign exchange reserves that allow them to import vehicles at will.
Forging is used for making lightweight parts with high strength which are essential for manufacturing of high-performance components required in modern automobiles. Moreover, rising demand from various industries including aerospace is expected to propel industry expansion over next eight years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in various industries, particularly automotive and aerospace. Increasing demand for passenger cars, commercial vehicles, motorcycles, aircrafts and helicopters is anticipated to drive product demand over the coming years.
Growth Factors:
- Increasing demand for forged components from the automotive and aerospace industries
- Growing popularity of lightweight forged components in the automotive industry
- Rising demand for customized forging products
- Proliferation of advanced manufacturing technologies and processes
- Growing investments in research and development by forging companies
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Forging Market Research Report
By Type
Hot Forging, Warm Forging, Cold Forging
By Application
Aerospace, Automotive, Machinery, Military/ Defense, Mining, Oil & Gas, Others
By Companies
Edelstahl Rosswag, JIN HON FORGING INDUSTRIAL CO., LTD., Chian Hsing Forging Industry Co., Ltd., Summer Forging, Scot Forge, Phoenix Tubes and Fittings, Trenton Forging Company, The Japan Steel Works, LTD, Cornell Forge Company, Fox Valley Forge, Trinity Forge
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
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Forging Market Report Segments:
The global Industrial Forging market is segmented on the basis of:
Types
Hot Forging, Warm Forging, Cold 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
Aerospace, Automotive, Machinery, Military/ Defense, Mining, Oil & Gas, 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:
- Edelstahl Rosswag
- JIN HON FORGING INDUSTRIAL CO., LTD.
- Chian Hsing Forging Industry Co., Ltd.
- Summer Forging
- Scot Forge
- Phoenix Tubes and Fittings
- Trenton Forging Company
- The Japan Steel Works, LTD
- Cornell Forge Company
- Fox Valley Forge
- Trinity Forge
Highlights of The Industrial 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:
- Hot Forging
- Warm Forging
- Cold Forging
- By Application:
- Aerospace
- Automotive
- Machinery
- Military/ Defense
- Mining
- Oil & Gas
- 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 Industrial 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
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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?
Industrial forging is a manufacturing process that uses intense heat and pressure to create metal parts. The parts are usually made from steel, but they can also be made from other metals.
Some of the key players operating in the industrial forging market are Edelstahl Rosswag, JIN HON FORGING INDUSTRIAL CO., LTD., Chian Hsing Forging Industry Co., Ltd., Summer Forging, Scot Forge, Phoenix Tubes and Fittings, Trenton Forging Company, The Japan Steel Works, LTD, Cornell Forge Company, Fox Valley Forge, Trinity Forge.
The industrial forging market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Forging Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Forging Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Forging Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Forging Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Forging Market Size & Forecast, 2018-2028
4.5.1 Industrial Forging Market Size and Y-o-Y Growth
4.5.2 Industrial Forging Market Absolute $ Opportunity
Chapter 5 Global Industrial Forging Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Industrial Forging Market Size Forecast by Type
5.2.1 Hot Forging
5.2.2 Warm Forging
5.2.3 Cold Forging
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Forging Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Industrial Forging Market Size Forecast by Applications
6.2.1 Aerospace
6.2.2 Automotive
6.2.3 Machinery
6.2.4 Military/ Defense
6.2.5 Mining
6.2.6 Oil & Gas
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Forging Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Forging Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Industrial Forging Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Forging Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Industrial Forging Market Size Forecast by Type
9.6.1 Hot Forging
9.6.2 Warm Forging
9.6.3 Cold Forging
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Industrial Forging Market Size Forecast by Applications
9.10.1 Aerospace
9.10.2 Automotive
9.10.3 Machinery
9.10.4 Military/ Defense
9.10.5 Mining
9.10.6 Oil & Gas
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Industrial Forging Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Forging Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Industrial Forging Market Size Forecast by Type
10.6.1 Hot Forging
10.6.2 Warm Forging
10.6.3 Cold Forging
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Industrial Forging Market Size Forecast by Applications
10.10.1 Aerospace
10.10.2 Automotive
10.10.3 Machinery
10.10.4 Military/ Defense
10.10.5 Mining
10.10.6 Oil & Gas
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Industrial Forging Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Forging Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Industrial Forging Market Size Forecast by Type
11.6.1 Hot Forging
11.6.2 Warm Forging
11.6.3 Cold Forging
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Industrial Forging Market Size Forecast by Applications
11.10.1 Aerospace
11.10.2 Automotive
11.10.3 Machinery
11.10.4 Military/ Defense
11.10.5 Mining
11.10.6 Oil & Gas
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Industrial Forging Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Forging Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Industrial Forging Market Size Forecast by Type
12.6.1 Hot Forging
12.6.2 Warm Forging
12.6.3 Cold Forging
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Industrial Forging Market Size Forecast by Applications
12.10.1 Aerospace
12.10.2 Automotive
12.10.3 Machinery
12.10.4 Military/ Defense
12.10.5 Mining
12.10.6 Oil & Gas
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Industrial Forging Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Forging Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Industrial Forging Market Size Forecast by Type
13.6.1 Hot Forging
13.6.2 Warm Forging
13.6.3 Cold Forging
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Industrial Forging Market Size Forecast by Applications
13.10.1 Aerospace
13.10.2 Automotive
13.10.3 Machinery
13.10.4 Military/ Defense
13.10.5 Mining
13.10.6 Oil & Gas
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Forging Market: Competitive Dashboard
14.2 Global Industrial Forging Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Edelstahl Rosswag
14.3.2 JIN HON FORGING INDUSTRIAL CO., LTD.
14.3.3 Chian Hsing Forging Industry Co., Ltd.
14.3.4 Summer Forging
14.3.5 Scot Forge
14.3.6 Phoenix Tubes and Fittings
14.3.7 Trenton Forging Company
14.3.8 The Japan Steel Works, LTD
14.3.9 Cornell Forge Company
14.3.10 Fox Valley Forge
14.3.11 Trinity Forge
