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Metal Forging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global metal forging market is expected to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Metal forging is the process of shaping and forming metals by hammering or pressing. This is done by applying compressive forces for deforming and making geometrical changes to the material. The forging process is an essential part of industrial metal manufacturing, especially iron and steel. As compared to other metal producing processes, forging makes some of the strongest parts. The hot method of metal forging breaks up impurities and eliminates inclusions that can cause stress points. Consequently, metal forging is utilized for manufacturing essential aircraft parts, such as shafts for turbines and jet engines, structural components for transportation equipment, and landing gear.

Significant growth in the aerospace and automotive industries represents one of the key factors creating a positive outlook for the market. In the aerospace industry, ferrous and nonferrous forgings are utilized in piston-engine planes, supersonic military aircraft, helicopters, and commercial jets. On the other hand, forged components are found at stress and shock points in trucks and other automobiles across the automotive industry. Besides this, key players are concentrating on expanding their production capacities to ensure optimal quality and reach a wider consumer base, which, in turn, is acting as another major growth-inducing factor. The process of metal forging also finds widespread application in the steel industry. In line with this, increasing demand for steel-based products is, therefore, expected to contribute to the market growth further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global metal forging market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on raw material and application.

Breakup by Raw Material:

  • Carbon Steel
  • Alloy Steel
  • Aluminum
  • Magnesium
  • Stainless Steel
  • Titanium
  • Others
     

Breakup by Application:

  • Automotive
  • Aerospace
  • Oil and Gas
  • Construction
  • Agriculture
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Arconic Corp., ATI, Bharat Forge Ltd., Bruck GmbH, China First Heavy Industries, Ellwood Group Inc., Jiangyin Hengrun Heavy Industries Co. Ltd., Nippon Steel Corp., Precision Castparts Corp., Kovárna Viva, Larsen & Toubro Limited, Scot Forge and Thyssenkrupp AG.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Raw Material, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Arconic Corp., ATI, Bharat Forge Ltd., Bruck GmbH, China First Heavy Industries, Ellwood Group Inc., Jiangyin Hengrun Heavy Industries Co. Ltd., Nippon Steel Corp., Precision Castparts Corp., Kovárna Viva, Larsen & Toubro Limited, Scot Forge and Thyssenkrupp AG
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global metal forging market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global metal forging market?
  • What are the key regional markets?
  • What is the breakup of the market based on the raw material?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global metal forging market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Metal Forging Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Raw Material
    6.1    Carbon Steel
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Alloy Steel
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Aluminum
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Magnesium
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Stainless Steel
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Titanium
        6.6.1 Market Trends
        6.6.2 Market Forecast
    6.7    Others
        6.7.1 Market Trends
        6.7.2 Market Forecast
7    Market Breakup by Application
    7.1    Automotive
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Aerospace
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Oil and Gas
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Construction
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Agriculture
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Arconic Corp.
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
        13.3.2    ATI
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
        13.3.3    Bharat Forge Ltd.
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
        13.3.4    Bruck GmbH
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
        13.3.5    China First Heavy Industries
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
        13.3.6    Ellwood Group Inc.
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
        13.3.7    Jiangyin Hengrun Heavy Industries Co. Ltd.
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
        13.3.8    Nippon Steel Corp.
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
           13.3.8.3 Financials
        13.3.9    Precision Castparts Corp. (Berkshire Hathaway Inc)
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio
        13.3.10    Kovárna Viva
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio
        13.3.11    Larsen & Toubro Limited
           13.3.11.1 Company Overview
           13.3.11.2 Product Portfolio
           13.3.11.3 Financials
           13.3.11.4 SWOT Analysis
        13.3.12    Scot Forge
           13.3.12.1 Company Overview
           13.3.12.2 Product Portfolio
        13.3.13    Thyssenkrupp AG
           13.3.13.1 Company Overview
           13.3.13.2 Product Portfolio
           13.3.13.3 Financials
           13.3.13.4 SWOT Analysis

List of Figures

Figure 1: Global: Metal Forging Market: Major Drivers and Challenges
Figure 2: Global: Metal Forging Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Metal Forging Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Metal Forging Market: Breakup by Raw Material (in %), 2020
Figure 5: Global: Metal Forging Market: Breakup by Application (in %), 2020
Figure 6: Global: Metal Forging Market: Breakup by Region (in %), 2020
Figure 7: Global: Metal Forging (Carbon Steel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: Global: Metal Forging (Carbon Steel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Global: Metal Forging (Alloy Steel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Metal Forging (Alloy Steel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Metal Forging (Aluminum) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Metal Forging (Aluminum) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Metal Forging (Magnesium) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Metal Forging (Magnesium) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Metal Forging (Stainless Steel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Metal Forging (Stainless Steel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Metal Forging (Titanium) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Metal Forging (Titanium) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Metal Forging (Other Raw Materials) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Metal Forging (Other Raw Materials) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Metal Forging (Automotive) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Metal Forging (Automotive) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Metal Forging (Aerospace) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Metal Forging (Aerospace) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Metal Forging (Oil and Gas) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Metal Forging (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Metal Forging (Construction) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Metal Forging (Construction) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Metal Forging (Agriculture) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Metal Forging (Agriculture) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Metal Forging (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Metal Forging (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: North America: Metal Forging Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: North America: Metal Forging Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: United States: Metal Forging Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: United States: Metal Forging Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Canada: Metal Forging Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Canada: Metal Forging Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Asia Pacific: Metal Forging Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Asia Pacific: Metal Forging Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: China: Metal Forging Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: China: Metal Forging Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Japan: Metal Forging Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Japan: Metal Forging Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: India: Metal Forging Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: India: Metal Forging Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: South Korea: Metal Forging Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: South Korea: Metal Forging Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Australia: Metal Forging Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Australia: Metal Forging Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Indonesia: Metal Forging Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Indonesia: Metal Forging Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Others: Metal Forging Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Others: Metal Forging Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Europe: Metal Forging Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Europe: Metal Forging Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Germany: Metal Forging Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Germany: Metal Forging Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: France: Metal Forging Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: France: Metal Forging Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: United Kingdom: Metal Forging Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: United Kingdom: Metal Forging Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Italy: Metal Forging Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Italy: Metal Forging Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Spain: Metal Forging Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Spain: Metal Forging Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Russia: Metal Forging Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Russia: Metal Forging Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Others: Metal Forging Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Others: Metal Forging Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Latin America: Metal Forging Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Latin America: Metal Forging Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Brazil: Metal Forging Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Brazil: Metal Forging Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Mexico: Metal Forging Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Mexico: Metal Forging Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Others: Metal Forging Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Others: Metal Forging Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Middle East and Africa: Metal Forging Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Middle East and Africa: Metal Forging Market: Breakup by Country (in %), 2020
Figure 81: Middle East and Africa: Metal Forging Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Global: Metal Forging Industry: SWOT Analysis
Figure 83: Global: Metal Forging Industry: Value Chain Analysis
Figure 84: Global: Metal Forging Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Metal Forging Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Metal Forging Market Forecast: Breakup by Raw Material (in Million US$), 2021-2026
Table 3: Global: Metal Forging Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 4: Global: Metal Forging Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: Global: Metal Forging Market: Competitive Structure
Table 6: Global: Metal Forging Market: Key Players

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