Metal Forging Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Published on : Feb-2020 | List of Tables : 81 | List of Figures : 155 | No. of Pages : 170 | Report Code : FACT4524MR | Format :

Metal Forging Market to Witness Two-fold Growth

Aircraft sales have witnessed a significant spurt in the recent past. Metal forging processes are increasingly being used to manufacture light-weight aircraft components. This is giving significant traction to metal forging market which is projected to register a stellar growth rate of more than 7% from 2019 to 2029. Growth of electric automobiles further adds to the demand for strong and durable forged components which will bolster growth of the market through 2029.

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Carbon Steel to be Lucrative Revenue Pocket

Owing to durability properties such as ductility, hardness, yield strength, and impact resistance, Carbo steel is expected to grow 1.9X during the forecast period. Manufacturers prefer carbon steel for a variety of products such as shafts, rails, gears, cars, cutting tools, and blades. Aluminum is the second most demanded metal forging raw material with a market share of more than 21%. Regulations pertaining to use of high-performance components in aerospace & defense industries are projected to drive the demand for Aluminum.

East Asia Leads, with Surging Demand for Metal Forging

East Asia has emerged as the leading region in global metal forging market. Immense support from the government of China on production of aluminum forged components plays a major role in the 41% market share accruing from this region. South Asia & Oceania follow East Asia come a close second in the metal forging market. This can be attributed to countries such as Singapore and Indonesia where the former is a mass-consumer of machine tools and the latter identifies vehicle manufacturing as a key industry both of which require metal forging capabilities to craft durable components.

Manufacturing Capacity Dictates Revenue Sustainability

The metal forging market is relatively fragmented. Manufacturers in the metal forging market are expanding production capacities and investing in new product developments to strengthen their market position. Bruck GmbH, Larsen & Toubro (L&T) Limited, Bharat Forge Ltd., China First Heavy Industries, ELLWOOD Group Inc., Japan Casting & Forging Corporation are amongst prominent players in the market.  The future of metal forging involves improved workspaces along with advanced IoT machines. Market players are investing in research and development of automated metal forging processes. Here are a few developments from major players in the market:

  • L&T recently entered into a strategic partnership with Mitsubishi Corporation to establish a state-of-the-art Hot Strip Mill. Once fully functional the mill will produce Carbo Structural Steel, High Carbon Steel, LPG Cylinder Steel, API Pipe Steel, and Auto-grade steel to serve high-end market segments.
  • Japan Casting & Forging Corporation is building large scale components for the Nuclear Reactor in Japanese Nuclear Power Plants across the province in partnership with Japan Steel Works Ltd.
  • China First Heavy Industries manufactured the world’s biggest petrochemical technical equipment i.e. residual oil ebullated bed hydrogenation reactor for forge-welded construction.
  • Bharat Forge Ltd. is the exclusive supplier of metal forged components to Daimler AG and Detroit Diesel USA. In July 2019, the company manufactured the millionth finished & machined crankshaft. This is a sign of the long-term strategic partnership between these companies.
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Global Metal forging Market – Scope of the Report

The following report provides forecast and analysis of the global metal forging market along with the historical data of 2014, estimated data 2019 and forecast data up to 2029 in terms of revenue (US$ Mn) and Volume (Kilo Tons), according to a Fact.MR study. The research propounds critical trends that are currently influencing growth within the global metal forging market along with several macro-economic indicators. This newly published and insightful report on metal forging sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global metal forging market.

The report also comprises the study of current issues with end users and opportunities for metal forging. It also contains value chain analysis, including key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of metal forging manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the metal forging market provided in the report adds to the credibility of this exhaustive research study.

Global Metal forging Market: In-Depth Assessment on Key Segments

The global metal forging market is segmented on the basis of raw material, application and region.

Raw Material

Application

Region

Carbon Steel

Automotive

North America

Alloy steel

Aerospace

Latin America

Aluminum

Oil & Gas

Europe

Magnesium

Construction

East Asia

Stainless Steel

Agriculture

South Asia & Oceania

Titanium

Others

MEA

Others

 

 

This taxonomy and the detailed toc prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.  

Country-specific assessment on demand for metal forging has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous metal forging manufacturers, experts, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.

The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries. The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global market. Some of the major competitors operating in the metal forging market are Bruck GmbH, Thyssenkrupp AG, Larsen & Toubro Limited, Arconic and others.

Global Metal Forging Market: Research Methodology

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the metal forging market.

A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the metal forging market, which includes global GDP growth rate, various industries growth rate, such as building & construction, automotive, aerospace, oil & gas, construction and others. This report serves as an authentic resource of intelligence on the metal forging market, enabling the readers to take fact-based decisions on the future direction of their businesses.

1. Global Metal Forging Market - Executive Summary

    1.1. Summary of Key Findings

    1.2. Summary of Key Statistics

    1.3. Key Market Characteristics & Attributes

    1.4. Opportunity Assessment

    1.5. Fact.MR Analysis and Recommendations

2. Global Metal Forging Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market 

    3.2. Mega Trends

4. Key Success Factors

    4.1. Product Adoption / Awareness Analysis 

    4.2. Product Features Vs. Application 

    4.3. Matrix Strategic Promotional Strategies, By Key ManufacturersOthers

5. Market Background 

    5.1. Global Metal Ore Reserves and Production

        5.1.1.  By Metal Type

        5.1.2. By Country

    5.2. Global Metal & Foundry Industry Outlook

        5.2.1. Global grey iron, ductile iron and steel cast production Outlook

        5.2.2. Global aluminum cast production

        5.2.3. Global copper cast production

    5.3. Global Automotive Industry outlook

        5.3.1. Key statistics pertaining to global automotive production and sales

        5.3.2. Key Trends – Automotive manufacturing

        5.3.3. Analysis on automotive materials

        5.3.4. Percent share of Automotive Materials of Construction, 2018

        5.3.5. Automotive Production 

            5.3.5.1. By Region

            5.3.5.2. By Key countries 

    5.4. Global Iron & Steel Production and Sales Outlook

        5.4.1. By Region

        5.4.2. By key countries

    5.5. Regulatory Landscape - By key Regions

    5.6. Strategic challenges of the global foundry industry

    5.7. Investment Feasibility Matrix (for Metal Forging Business)

    5.8. Recent Industry Developments 

    5.9. Market White Space Assessment and Opportunity Analysis

    5.10. Porter’s Five Forces Analysis

    5.11. Macro-Economic & Forecast Factors

        5.11.1. GDP Growth Outlook

        5.11.2. Building & Construction Industry Growth Outlook

        5.11.3. Automotive Industry Growth Outlook

        5.11.4. Urbanization Level and Growth Across Key Countries

        5.11.5. Global Aerospace & Defense Industry Outlook

        5.11.6. Top 10 Companies Historical Growth

        5.11.7. Others

    5.12. Value Chain Analysis

        5.12.1. List of Key Market Manufacturers 

        5.12.2. List of Key Channel Partners 

        5.12.3. Profitability Margins 

    5.13. Market Dynamics 

        5.13.1. Drivers 

        5.13.2. Industry Challenges

        5.13.3. Trends & Opportunities

6. Global Metal Forging Market Size (US$ Mn) & Volume (Kilo Tons) and Forecast, 2014-2029

    6.1. Historical Market Value (US$ Mn) & Volume (Kilo Tons) Analysis, 2014-2018

    6.2. Current and Future Market Value (US$ Mn) & Volume (Kilo Tons)Forecast, 2019-2029

    6.3. Y-o-Y Growth Trend Analysis

7. Global Metal Forging Pricing Point Analysis

    7.1. Global Metal Forging Market Pricing Analysis, by Region

    7.2. Global Metal Forging Market Pricing Analysis, by Raw Material

    7.3. Pricing Evolution till 2029

    7.4. Factors Influencing Pricing

8. Global Metal Forging Market Value & Volume Analysis and Forecast 2014-2029

    8.1. Global Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Raw Material

        8.1.1. Carbon Steel

        8.1.2. Alloy steel

        8.1.3. Aluminum

        8.1.4. Magnesium

        8.1.5. Stainless Steel

        8.1.6. Titanium

        8.1.7. Others

    8.2. Global Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Application

        8.2.1. Automotive

        8.2.2. Aerospace

        8.2.3. Oil & Gas

        8.2.4. Construction

        8.2.5. Agriculture

        8.2.6. Others

    8.3. Global Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Region

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Europe

        8.3.4. East Asia

        8.3.5. South Asia & Oceania

        8.3.6. MEA

9. North America Metal Forging Market Value & Volume Analysis and Forecast 2014-2029

    9.1. North America Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Country

        9.1.1. US

        9.1.2. Canada

    9.2. North America Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Raw Material

        9.2.1. Carbon Steel

        9.2.2. Alloy steel

        9.2.3. Aluminum

        9.2.4. Magnesium

        9.2.5. Stainless Steel

        9.2.6. Titanium

        9.2.7. Others

    9.3. North America Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Application

        9.3.1. Automotive

        9.3.2. Aerospace

        9.3.3. Oil & Gas

        9.3.4. Construction

        9.3.5. Agriculture

        9.3.6. Others

10. Latin America Metal Forging Market Value & Volume Analysis and Forecast 2014-2029

    10.1. Latin America Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Country

        10.1.1. Brazil

        10.1.2. Mexico

        10.1.3. Rest of Latin America

    10.2. Latin America Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Raw Material

        10.2.1. Carbon Steel

        10.2.2. Alloy steel

        10.2.3. Aluminum

        10.2.4. Magnesium

        10.2.5. Stainless Steel

        10.2.6. Titanium

        10.2.7. Others

    10.3. Latin America Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Application

        10.3.1. Automotive

        10.3.2. Aerospace

        10.3.3. Oil & Gas

        10.3.4. Construction

        10.3.5. Agriculture

        10.3.6. Others

11. Europe Metal Forging Market Value & Volume Analysis and Forecast 2014-2029

    11.1. Europe Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Country

        11.1.1. Germany

        11.1.2. Italy

        11.1.3. France

        11.1.4. U.K.

        11.1.5. Spain

        11.1.6. BENELUX

        11.1.7. Russia

        11.1.8. Rest of Europe

    11.2. Europe Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Raw Material

        11.2.1. Carbon Steel

        11.2.2. Alloy steel

        11.2.3. Aluminum

        11.2.4. Magnesium

        11.2.5. Stainless Steel

        11.2.6. Titanium

        11.2.7. Others

    11.3. Europe Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Application

        11.3.1. Automotive

        11.3.2. Aerospace

        11.3.3. Oil & Gas

        11.3.4. Construction

        11.3.5. Agriculture

        11.3.6. Others

12. East Asia Metal Forging Market Value & Volume Analysis and Forecast 2014-2029

    12.1. East Asia Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Country

        12.1.1. China

        12.1.2. Japan

        12.1.3. South Korea

    12.2. East Asia Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Raw Material

        12.2.1. Carbon Steel

        12.2.2. Alloy steel

        12.2.3. Aluminum

        12.2.4. Magnesium

        12.2.5. Stainless Steel

        12.2.6. Titanium

        12.2.7. Others

    12.3. East Asia Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Application

        12.3.1. Automotive

        12.3.2. Aerospace

        12.3.3. Oil & Gas

        12.3.4. Construction

        12.3.5. Agriculture

        12.3.6. Others

13. South Asia & Oceania Metal Forging Market Value & Volume Analysis and Forecast 2014-2029

    13.1. South Asia & Oceania Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Country

        13.1.1. India

        13.1.2. Thailand

        13.1.3. Indonesia

        13.1.4. Malaysia

        13.1.5. Australia & New Zealand

        13.1.6. Rest of SAO

    13.2. South Asia & Oceania Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Raw Material

        13.2.1. Carbon Steel

        13.2.2. Alloy steel

        13.2.3. Aluminum

        13.2.4. Magnesium

        13.2.5. Stainless Steel

        13.2.6. Titanium

        13.2.7. Others

    13.3. South Asia & Oceania Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Application

        13.3.1. Automotive

        13.3.2. Aerospace

        13.3.3. Oil & Gas

        13.3.4. Construction

        13.3.5. Agriculture

        13.3.6. Others

14. Middle East & Africa Metal Forging Market Value & Volume Analysis and Forecast 2014-2029

    14.1. Middle East & Africa Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Country

        14.1.1. GCC Countries

        14.1.2. Turkey

        14.1.3. South Africa

        14.1.4. Northern Africa

        14.1.5. Rest of MEA

    14.2. Middle East & Africa Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Raw Material

        14.2.1. Carbon Steel

        14.2.2. Alloy steel

        14.2.3. Aluminum

        14.2.4. Magnesium

        14.2.5. Stainless Steel

        14.2.6. Titanium

        14.2.7. Others

    14.3. Middle East & Africa Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Application

        14.3.1. Automotive

        14.3.2. Aerospace

        14.3.3. Oil & Gas

        14.3.4. Construction

        14.3.5. Agriculture

        14.3.6. Others

15. Global Metal Forging Market –Emerging Countries Analysis

    15.1. Market Proportion Analysis, By Key Countries

    15.2. Global Vs. Country Growth Comparison

    15.3. China Market Value & Volume Analysis and Forecast

        15.3.1. China Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Raw Material

            15.3.1.1. Carbon Steel

            15.3.1.2. Alloy steel

            15.3.1.3. Aluminum

            15.3.1.4. Magnesium

            15.3.1.5. Stainless Steel

            15.3.1.6. Titanium

            15.3.1.7. Others

        15.3.2. China Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Application

            15.3.2.1. Automotive

            15.3.2.2. Aerospace

            15.3.2.3. Oil & Gas

            15.3.2.4. Construction

            15.3.2.5. Agriculture

            15.3.2.6. Others

    15.4. India Market Value & Volume Analysis and Forecast

        15.4.1. India Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Raw Material

            15.4.1.1. Carbon Steel

            15.4.1.2. Alloy steel

            15.4.1.3. Aluminum

            15.4.1.4. Magnesium

            15.4.1.5. Stainless Steel

            15.4.1.6. Titanium

            15.4.1.7. Others

        15.4.2. India Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Application

            15.4.2.1. Automotive

            15.4.2.2. Aerospace

            15.4.2.3. Oil & Gas

            15.4.2.4. Construction

            15.4.2.5. Agriculture

            15.4.2.6. Others

    15.5. Mexico Market Value & Volume Analysis and Forecast

        15.5.1. Mexico Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Raw Material

            15.5.1.1. Carbon Steel

            15.5.1.2. Alloy steel

            15.5.1.3. Aluminum

            15.5.1.4. Magnesium

            15.5.1.5. Stainless Steel

            15.5.1.6. Titanium

            15.5.1.7. Others

        15.5.2. Mexico Metal Forging Market Value & Volume Analysis 2014-2018 and Forecast 2019-2029, by Application

            15.5.2.1. Automotive

            15.5.2.2. Aerospace

            15.5.2.3. Oil & Gas

            15.5.2.4. Construction

            15.5.2.5. Agriculture

            15.5.2.6. Others

16. Competitive Assessment

    16.1. Global Metal Forging Market Structure

    16.2. Global Metal Forging Market Competition - a Dashboard View

    16.3. Global Metal Forging Market Company Share Analysis

    16.4. Global Metal Forging Competitor Market Footprint Matrix

    16.5. Key Participants Market Presence (Intensity Mapping) by Region

17. Company Profiles

    17.1. ThyssenKrupp AG

        17.1.1. Overview

        17.1.2. Product Portfolio

        17.1.3. Profitability by Market Segments (Product/Region)

        17.1.4. Sales Footprint

        17.1.5. Strategy Overview 

    17.2. Bruck GmbH

        17.2.1. Overview

        17.2.2. Product Portfolio

        17.2.3. Profitability by Market Segments (Product/Region)

        17.2.4. Sales Footprint

        17.2.5. Strategy Overview 

    17.3. Larsen & Toubro Limited

        17.3.1. Overview

        17.3.2. Product Portfolio

        17.3.3. Profitability by Market Segments (Product/Region)

        17.3.4. Sales Footprint

        17.3.5. Strategy Overview 

    17.4. Arconic

        17.4.1. Overview

        17.4.2. Product Portfolio

        17.4.3. Profitability by Market Segments (Product/Region)

        17.4.4. Sales Footprint

        17.4.5. Strategy Overview 

    17.5. Bharat Forge Ltd.

        17.5.1. Overview

        17.5.2. Product Portfolio

        17.5.3. Profitability by Market Segments (Product/Region)

        17.5.4. Sales Footprint

        17.5.5. Strategy Overview 

    17.6. China First Heavy Industries

        17.6.1. Overview

        17.6.2. Product Portfolio

        17.6.3. Profitability by Market Segments (Product/Region)

        17.6.4. Sales Footprint

        17.6.5. Strategy Overview 

    17.7. Nippon Steel Corporation

        17.7.1. Overview

        17.7.2. Product Portfolio

        17.7.3. Profitability by Market Segments (Product/Region)

        17.7.4. Sales Footprint

        17.7.5. Strategy Overview 

    17.8. Kovárna VIVA

        17.8.1. Overview

        17.8.2. Product Portfolio

        17.8.3. Profitability by Market Segments (Product/Region)

        17.8.4. Sales Footprint

        17.8.5. Strategy Overview 

    17.9. ATI Metals

        17.9.1. Overview

        17.9.2. Product Portfolio

        17.9.3. Profitability by Market Segments (Product/Region)

        17.9.4. Sales Footprint

        17.9.5. Strategy Overview 

    17.10. ELLWOOD Group Inc.

        17.10.1. Overview

        17.10.2. Product Portfolio

        17.10.3. Profitability by Market Segments (Product/Region)

        17.10.4. Sales Footprint

        17.10.5. Strategy Overview 

    17.11. Japan Casting & Forging Corp.

        17.11.1. Overview

        17.11.2. Product Portfolio

        17.11.3. Profitability by Market Segments (Product/Region)

        17.11.4. Sales Footprint

        17.11.5. Strategy Overview 

    17.12. Precision Castparts Corp.

        17.12.1. Overview

        17.12.2. Product Portfolio

        17.12.3. Profitability by Market Segments (Product/Region)

        17.12.4. Sales Footprint

        17.12.5. Strategy Overview 

    17.13. Scot Forge

        17.13.1. Overview

        17.13.2. Product Portfolio

        17.13.3. Profitability by Market Segments (Product/Region)

        17.13.4. Sales Footprint

        17.13.5. Strategy Overview 

18. Fact.MR Research Methodology

19. Disclaimer & Contact Information

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Metal Forging Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029