Market Overview:
The global titanium 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 titanium forgings from the automotive and non-automotive industries. In terms of type, the impression die forging segment is expected to lead the global titanium forging market during the forecast period, followed by open die and rolled ring forging segments.
Product Definition:
Titanium forging is a process that uses heat and pressure to shape titanium into different objects. It is often used in the aerospace and medical industries because of its light weight, high strength, and corrosion resistance properties.
Impression Die:
An impression die is a tool that creates an image of the desired part on the metal. The image can be in the form of a relief or embossed pattern. An impression die is used to create molds for manufacturing parts and components in various industries such as automotive, aerospace & defense, consumer electronics, etc.
The growing demand for titanium products with high strength and lightweight properties are expected to drive market growth over the forecast period.
Open Die:
Open die is a type of mold that has no closed side, it can be used to make different shapes and sizes. The material which is going to be forged needs to fit into the open die. It’s mainly used in titanium forging market for making automotive parts such as engine blocks, cylinder heads, brake systems and many more.
Application Insights:
The automotive application segment accounted for the largest volume share of over 30% in 2017. The growth is attributed to rising demand from passenger cars and LCVs. Titanium is widely used in the automotive industry owing to its lightweight properties, which help reduce vehicle weight, thereby improving fuel efficiency and reducing CO2 emissions.
In terms of revenue, the non-automotive application segment was valued at USD 446.5 million in 2017 and is expected to witness significant growth over the forecast period on account of increasing use across a wide range of industrial applications including construction equipment, agricultural equipment/machinery, marine engines & ships as well as aerospace components & systems such as turbines blades and exhaust systems among others.
Regional Analysis:
Asia Pacific dominated the global titanium forging market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to high demand from automotive and construction industries. In addition, rising disposable income of consumers in developing countries such as India and China is expected to fuel product demand further.
The North American market for titanium forgings was valued at USD X million in 2017 and is anticipated to grow at a CAGR of XX% during the forecast period on account of growing automobile production mainly due to strong presence of major players such as General Motors Company, Ford Motor Company, and Fiat Chrysler Automobiles N.V., coupled with increasing investment by these companies for manufacturing vehicles using lightweight materials with superior strength properties suitable for high-speed operation without any maintenance cost over a long period of time.
In Europe, Germany accounted for maximum share both in terms of volume (35%).
Growth Factors:
- Increasing demand from the aerospace and defense sectors
- Growing popularity of titanium alloys in medical implants and prostheses
- Rising demand for lightweight and corrosion-resistant titanium forgings in automotive applications
- Rapid growth of the construction industry in developing countries
- Growing use of titanium forgings in power generation plants
Scope Of The Report
Report Attributes
Report Details
Report Title
Titanium Forging Market Research Report
By Type
Impression Die, Open Die, Rolled Ring
By Application
Automotive, Non-automotive
By Companies
RTI, Kobelco, TIMET, ATI, Bharat Forge, NSSMC, ThyssenKrupp, Aichi Steel, KITZ, Schuler
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Titanium Forging Market Report Segments:
The global Titanium Forging market is segmented on the basis of:
Types
Impression Die, Open Die, Rolled Ring
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, Non-automotive
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:
- RTI
- Kobelco
- TIMET
- ATI
- Bharat Forge
- NSSMC
- ThyssenKrupp
- Aichi Steel
- KITZ
- Schuler
Highlights of The Titanium 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:
- Impression Die
- Open Die
- Rolled Ring
- By Application:
- Automotive
- Non-automotive
- 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 Titanium 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
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?
Titanium forging is a process of creating a metal by heating titanium wire to a high temperature and then hammering it into shape. Titanium has the ability to withstand high temperatures, making it an ideal material for forging.
Some of the major companies in the titanium forging market are RTI, Kobelco, TIMET, ATI, Bharat Forge, NSSMC, ThyssenKrupp, Aichi Steel, KITZ, Schuler.
The titanium forging market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Titanium 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. Titanium Forging Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Titanium Forging Market - Supply Chain
4.5. Global Titanium Forging Market Forecast
4.5.1. Titanium Forging Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Titanium Forging Market Size (000 Units) and Y-o-Y Growth
4.5.3. Titanium Forging Market Absolute $ Opportunity
5. Global Titanium 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. Titanium Forging Market Size and Volume Forecast by Type
5.3.1. Impression Die
5.3.2. Open Die
5.3.3. Rolled Ring
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Titanium 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. Titanium Forging Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Non-automotive
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Titanium 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. Titanium 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 Titanium 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. Titanium 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 Titanium Forging Demand Share Forecast, 2019-2026
9. North America Titanium 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 Titanium 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 Titanium Forging Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Non-automotive
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Titanium Forging Market Size and Volume Forecast by Type
9.7.1. Impression Die
9.7.2. Open Die
9.7.3. Rolled Ring
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 Titanium Forging Demand Share Forecast, 2019-2026
10. Latin America Titanium 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 Titanium 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 Titanium Forging Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Non-automotive
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Titanium Forging Market Size and Volume Forecast by Type
10.7.1. Impression Die
10.7.2. Open Die
10.7.3. Rolled Ring
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 Titanium Forging Demand Share Forecast, 2019-2026
11. Europe Titanium 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 Titanium 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 Titanium Forging Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Non-automotive
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Titanium Forging Market Size and Volume Forecast by Type
11.7.1. Impression Die
11.7.2. Open Die
11.7.3. Rolled Ring
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attraciveness/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 Titanium Forging Demand Share, 2019-2026
12. Asia Pacific Titanium 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 Titanium 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 Titanium Forging Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Non-automotive
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Titanium Forging Market Size and Volume Forecast by Type
12.7.1. Impression Die
12.7.2. Open Die
12.7.3. Rolled Ring
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 Titanium Forging Demand Share, 2019-2026
13. Middle East & Africa Titanium 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 Titanium 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 Titanium Forging Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Non-automotive
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Titanium Forging Market Size and Volume Forecast by Type
13.7.1. Impression Die
13.7.2. Open Die
13.7.3. Rolled Ring
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 Titanium Forging Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Titanium Forging Market: Market Share Analysis
14.2. Titanium Forging Distributors and Customers
14.3. Titanium Forging Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. RTI
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kobelco
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TIMET
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ATI
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bharat 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. NSSMC
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ThyssenKrupp
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Aichi Steel
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. KITZ
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
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
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
