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News - Full Story Forging Market Size to Grow by 13.53 mn t | Advantages of Forging over other Fabrication Techniques to Boost Market Growth | 17,000+ Technavio Research Reports

NEW YORK, Nov. 24, 2021 /PRNewswire/ -- The "Forging Market by End-user (Automotive and Others), Geography (APAC, Europe, North America, South America, and MEA), and Product (Closed die forging, Open die forging, and Seamless rings) - Forecast and Analysis 2021-2025" report has been added to Technavio's offerings. With ISO 9001:2015 certification, Technavio has been proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the forging market between 2020 and 2025 is 13.53 million t. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.

Key Market Dynamics:

  • Market Drivers
  • Market Challenges

The advantages of forging over other fabrication techniques and advent of new hybrid forging techniques are some of the key market drivers. However, factors such as instability in variable costs will challenge market growth.

To learn about additional key drivers, trends, and challenges available with Technavio, Read our FREE Sample Report right now!

The forging market report is segmented by end-user (automotive and others), geography (APAC, Europe, North America, South America, and MEA), and product (closed die forging, open die forging, and seamless rings). APAC will be the leading region with 65% of the market's growth during the forecast period. China and India are the key countries for the forging market in APAC.

View our sample report for additional insights into the contribution of all the segments and regional opportunities in the report.

Some Companies Mentioned

    • .Aichi Steel Corp.
    • Allegheny Technologies Inc.
    • Aluminum Precision Products
    • ASAHI FORGE Corp.
    • Bharat Forge Ltd.
  • To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

Related Reports:

  • Superhard Materials Market: The superhard materials market has been segmented by type (diamond, CBN, and others) and geography (APAC, Europe, North America, South America, and MEA). Download Free Sample Report
  • Engineered Stone Market: The engineered stone market has been segmented by application (countertops, flooring, and others) and geography (APAC, Europe, North America, MEA, and South America). Download Free Sample Report

Forging Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2021-2025

13.53 mn t

Market structure

Fragmented

YoY growth (%)

7.61

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 65%

Key consumer countries

China, Germany, US, India, and Italy

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Aichi Steel Corp., Allegheny Technologies Inc., Aluminum Precision Products, ASAHI FORGE Corp., Bharat Forge Ltd., Bruck GmbH, FOUNTAINTOWN FORGE, INC., Pacific Forge Inc., Patriot Forge Co., and Scot Forge Co.

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

  • Executive Summary
  • Market Landscape
  • Market Sizing
  • Five Forces Analysis
  • Market Segmentation
  • Customer landscape
  • Geographic Landscape
  • Vendor Landscape
  • Vendor Analysis
  • Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:media@technavio.com
Website: www.technavio.com/

Cision src=https://c212.net/c/img/favicon.png?sn=CG86026&sd=2021-11-24 View original content to download multimedia:https://www.prnewswire.com/news-releases/forging-market-size-to-grow-by-13-53-mn-t--advantages-of-forging-over-other-fabrication-techniques-to-boost-market-growth--17-000-technavio-research-reports-301430925.html

SOURCE Technavio

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