Global Forging Market Size, Share, Trends and Forecast 2016

Global Forging Market Share, Size, Emerging Trends, Analysis, Outlook, Overview and Forecasts 2016-2020

Technavio predicts the global forging market to exhibit a healthy CAGR of around 8% during the forecast period. Forging is an appropriate substitution to the casting methodology as it ensures greater efficiency, reliability, and precision. Custom forging accounts for the largest segment. In North America, this segment achieves sales figures worth $6 billion annually. Some of the major end-users of the forging industry include automotive, aerospace and defense, agriculture, construction, mining, general industrial equipment, and material handling equipment to name a few.

This industry research report outlines the automotive sector as the major end-user for the forging market. Characteristics associated with forged parts such as reliability, strength, and economic viability have increased the importance of the use of forged parts in this sector. But with the automotive industry reaching a mature stage in the forging market, it is expected that other non-automotive sectors will mostly contribute to the growth of the global forging market until 2020.

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Technology segmentation and analysis of the global forging market

Impression die

Open die

Rolled ring

The impression die segment is the most dominant type of technology being used in the market. Impression-die forging methodology is also commonly termed as closed die forging. This method is most widely used in commercial forging processes due to its extreme dimensional accuracy and fine surface finish. Automotive and aerospace, especially the commercial aviation segment, are the two biggest end-users of impression die forging methodology.

Table of Content

PART 01: Executive summary

PART 02: Scope of the report

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