The Metal Forging Market report provides a detailed analysis of the industry by market size in terms of revenue, market share and growth opportunities. It also covers the latest trends and drivers and studies the segments with respect to the different regions and countries. Furthermore, it also highlight on the recent development, product overview, and financial details of leading companies. This information can help stakeholders make the right decision before investing.
This section of the metal forging market report provides detailed data on the segments by analyzing them geographically, thereby assisting the strategist in identifying the target demographics for the respective product or service.
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By Raw Material
- Carbon Steel
- Alloy Steel
- Aluminum
- Magnesium
- Stainless Steel
- Titanium
- Others
By Application
- Automotive
- Aerospace
- Oil & Gas
- Construction
- Agriculture
- Others
By Region
- North America
- Europe
- The Asia Pacific
- Latin America
- The Middle East and Africa
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The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The known players included in the report are Arconic Corp., Bharat Forge Ltd., ATI, Bruck GmbH, Ellwood Group, Inc., Jiangyin Hengrun Heavy Industries Co., Ltd., Kovárna Viva, Scot Forge, Thyssenkrupp Business Area Components Technology, Precision Castparts Corp., China First Heavy Industries, Japan Casting & Forging Corp., Nippon Steel Corp., Precision Castparts Corp., and Larsen & Toubro Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This section covers regional segmentation which accentuates on current and future demand for metal forging market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
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The Global Metal Forging Market research study takes a comprehensive approach towards studying the key trends influencing the growth of this sector.
The report comprises data that offers an in-depth insight into the business sector.
A detailed outline of the Metal Forging market size is offered in the report with respect to the valuation and volume along with the market dynamics and scenario.
The report evaluates the current market scenario along with the impact of the COVID-19 pandemic on the present and future scenarios.
Request a sample of the Metal Forging Market report @ https://www.reportsanddata.com/sample-enquiry-form/3016 The study offers valuable insights into the regional landscape of industry verticals, coupled with the established companies that have gained a substantial position in the industry.Summary of the Global Metal Forging Market:The report offers an in-depth analysis of the regional landscapeA comprehensive overview of the competitive landscapeA detailed outline of the market segmentationDetailed Analysis of the Regional Segmentation:The report analyses the regional market of this industry through extensive study.
The report includes valuable insights pertaining to the industry shares and market position as per the market share occupied by these geographies.
Metal Forging Market report added by Value Market Research, offering growth, trends, and forecast for each segment along with regional and country analysis.
The study has done with respect to market share, size, outlook, estimation and forecast period 2021-2027.
Further, this report also highlights the regional and country-level market analysis.The metal forging market is vast, with many local and global players.
the key leaders follow different strategies to improve their market position, such as contracts, mergers, contracts, extending product portfolio, acquisitions, expansions, and product innovations to improve their market share globally.
for instance, in September 2020, Fushun Special Steel Co., Ltd., a steel-production and forging company, placed an order to Siempelkamp technology.
The order is for a new 60/70 MN open-die forging press with a four-column push-down design.
The global metal forging market size is expected to reach USD 151.1 billion by 2027, according to a new report by Radiant Insights, Inc., registering a CAGR of 7.6% over the forecast period.
The objective of AMP 2026 is to increase the market size of the Indian automotive sector to about USD 22–26 million by 2026.
For example, a spending package worth USD 1.3 trillion was passed by the United States House in March 2018, wherein a sum of around USD 695 billion has been dedicated for defense funding.
Such initiatives are likely to fuel the demand for forged components in the military aircraft sector.
Further key findings from the report suggest: • The automotive segment is expected to reach USD 69.7 billion by 2027, on account of the growing demand for metal forging in powertrain and combustion engines, especially in countries such as India and China • Carbon steel held the largest revenue share of 44.5% in 2019 owing to factors such as low cost and easy availability compared to other materials • Titanium is anticipated to register the highest CAGR of 9.1% over the forecast period in terms of revenue, considering the increase in research and development activities for new titanium alloys and their growing preference in the aerospace sector • Asia Pacific held the largest market share in terms of both volume and revenue in 2019.
The steady growth of the automotive sector in the country is likely to boost the product demand • Some of the global companies present in the metal forging market are Arconic, Scot Forge, Bharat Forge Ltd., Nippon Steel Corp, and Larsen & Toubro Limited.
