Metal Forging Market: Opportunity Analysis and Industry Forecast up to 2031

Market Segmentation

• Raw Material

  • Carbon Steel Metal Forging
  • Alloy Steel Metal Forging
  • Aluminum Metal Forging
  • Magnesium Metal Forging
  • Stainless Steel Metal Forging
  • Titanium Metal Forging
  • Other Raw Material Metal Forging

• Application

  • Metal Forging for Automotive
  • Metal Forging for Aerospace
  • Metal Forging for Oil & Gas
  • Metal Forging for Construction
  • Metal Forging for Agriculture
  • Metal Forging for Other Applications

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Metal forging Market- Scope of Report

A recent study by Fact.MR on the metal forging market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering metal forging.

The study also provides the dynamics responsible for influencing the future status of the metal forging market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies operating in the metal forging market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of metal forging across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of metal forging during the forecast period. Price point comparison by region with global average price is also considered in the study.

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Estimates at global and regional levels for metal forging are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global metal forging market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the metal forging during the forecast period.

Country-specific valuation on demand for metal forging has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

In-depth Analysis on Competition Analysis

The report sheds light on leading manufacturers of metal forging, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering metal forging has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the metal forging domain.

Key Takeaways of Metal Forging Market

• Carbon Steel is the most in-demand raw material. Its popularity can be attributed to the high performance qualities of carbon steel such as ductility, yield strength, and impact resistance capacity.
• Magnesium offers the most lucrative revenue opportunities with a positive CAGR of more than 9%. Governments around the world are introducing stringent regulations to promote the use of high-performance materials such as magnesium for aerospace & defense manufacturing which is further augmenting its demand
• Application of metal forging in construction will gain 2X traction from companies on the back of infrastructure development in emerging countries to support the economic needs.
• Automotive remains the leading application segment of metal forging. The production of electric cars is demanding specialized metals to be forged with precision and quality.
• East Asia is the leading global region for metal forging manufacturers with more than 40% of the market share.
• South Asia presents beneficial growth opportunities since countries in South Asia such as Singapore and Indonesia need metal forging services to cater to their automotive and manufacturing industries respectively.

“Trends such as digital thermomechanical analysis and integration of IoT with forging technology will bring about disruptive changes in market. Powder metallurgy and part manufacturing segment is expected to drive demand for forged metal products during the forecast period.” Says the Fact MR Analyst