Authored By: Sarah
31 Aug 2021

Forging: Discover Key Drivers that will Boost Growth

Growth Drivers and Market Forecast for 2021-2025

The Global Forging Market is projected to grow by 13.53 mn t, accelerating at a CAGR of over 5.57% till 2025. This research report delineates the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth.


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Forging Market: Top Drivers for Growth

One of the key factors that will drive growth is Advantages of forging over other fabrication techniques. This research report provides a comprehensive analysis of this and all the other factors that will boost growth during the forecast period. In addition to market drivers, our research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. Our analysis is designed to empower clients with actionable insights that will help them leverage growth opportunities and formulate winning strategies to drive their business further.

Top Drivers for Forging Market Size to Grow by 13.53 mn t During 2021-2025

Forging Market: Segments and Geographical Regions

This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Forging Market 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). Request our Free Sample Report

Forging Market: Vendor Analysis

The Forging Market is fragmented and market growth of the depends on market conditions, government support, and industry development. Our report offers a detailed study of all the factors that can influence growth. 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. are some of the major market participants. The report also provides insights into the growth prospects of each of these leading players along with their product pipelines.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

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The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of over 5.57%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by 13.53 mn t through 2021-2025.
     
  3. What is a key factor driving this market?
    Advantages of forging over other fabrication techniques will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    65% growth will originate from APAC
     
  6. Who are the leading market vendors?
    The leading vendors in this market are 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.
     
  7. What are the market segments covered in this report?
    The market 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)
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