According to the ”Global Forging Industry 2014-2018” report Forging is a process in which metals are shaped into desired designs by applying compressive forces. This technique is very robust amid several metal shaping techniques because of the strength acquired by the metal during forging. Some metals are processed hot while others are processed cold. There are a number of forging methods such as Closed Die, Press, Upset, Open Die, Cold Die Forging, and Closed Die Forging for Non-ferrous metals. The Automotive industry is the major end-user of forging products along with several other end-users such as Engineering, Machinery, Defense, and Railways.
Analysts forecast the Global Forging industry will grow at a CAGR of 9.73 percent over the period 2014-2018.
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Covered in this Report
This report covers the present scenario and the growth prospects of the Global Forging industry for the period 2014-2018. The Global Forging industry can be divided into four major segments: Closed Die, Press, Upset Forging, Open Die Forging, Cold Forging, and Closed Die Forging for Non-ferrous Metals.
Global Forging Industry 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC and EMEA regions and the Americas; it also covers the Global Forging industry landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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Bharat Forged Ltd.
Nippon Steel and Sumitomo Metal Corp.
Thyssen Krupp AG
Other Prominent Vendors
Aichi Steel Corp.
Allegheny Technologies Inc.
Mahindra Forging Ltd.
Key Market Driver
Growth in Commercial Vehicle Industry.
Key Market Challenge
Stricter Rules and Regulations for Forging Industry.
Key Market Trend
Increasing Sourcing of Forging Activities to Low-cost Countries.
Key Questions Answered in this Report
What will the market size be in 2018 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?