Wed, 01 Dec 2021


The new report by Expert Market Research titled, 'Global Metal Forging Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026', gives an in-depth analysis of the global metal forging market, assessing the market based on its segments like metal, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

Get a Free Sample Report with Table of Contents - https://www.expertmarketresearch.com/reports/metal-forging-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

• Historical Market Size (2020): USD 80 Billion

• Forecast CAGR (2021-2026): 8%

Forgings can endure high pressure while maintaining structural integrity and are used in a wide range of industries, including heavy vehicles, medical supplies, automotive parts, and aerospace. Forgings can practically give any shape to the metal, reducing the requirement for several pieces to be joined which increases the strength of the parts. Metal forging is used to make important aviation parts including turbine and jet engine shafts, as well as structural components for transportation equipment and landing gear. Due to increasing aircraft passenger traffic, the demand for forged aircraft parts has increased, driving the market.

Industry Definition and Major Segments

Metal forging is a manufacturing technique that involves pounding, pressing, or rolling metal to shape it. It is usually classified by the temperature at which it is carried out: cold, warm, or hot forging. Drop forging and roll forging are two of the most regularly utilized forging techniques.

Read Full Report with Table of Contents - https://www.expertmarketresearch.com/reports/metal-forging-market

Based on metal, the market is divided into:

• Carbon Steel

• Alloy Steel

Aluminium

Magnesium

Stainless Steel

Titanium

• Others

On the basis of application, the market is segmented into:

• Automotive

• Aerospace

• Oil and Gas

• Construction

• Agriculture

• Others

The major regional markets include:

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East and Africa

Market Trends

The automobile industry's expansion will boost demand for forged metal parts, propelling the metal forging industry forward. New needs for lighter, stronger, more heat resistant materials and forged parts are emerging in aerospace. The demand for aircraft is being positively impacted by rising disposable income of the population. Increased aircraft passenger traffic translates to increased aircraft production, which drives the metal forging market. Forging metals is a low-cost, time-consuming method that does not require any machinery making it a lucrative market for most industries. Infrastructure investments, such as smart city initiatives would further boost the metal forging industry. Key players are focusing on developing their production capacity in order to assure optimal quality and reach a larger client base, which is a major growth-inducing driver. The increasing demand for steel in various industry is also driving the market as forging is extensively used in steel industry.

Key Market Players

The major players in the market are Arconic Inc, Allegheny Technologies Incorporated, Bharat Forge Ltd., Bruck GmbH, China First Heavy Industries, Jiangyin Hengrun Heavy Industries Co., Ltd, Nippon Steel Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client's unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: EMR Inc.

Contact Person: Mathew Williams, Business Consultant

Email: sales@expertmarketresearch.com

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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