Market Analysis and Insights: Global Forging Market
The global Forging market size in 2022 is 77480.0 million US dollars, and it is expected to be XX million US dollars by 2029, with a compound annual growth rate of 4.70% expected in 2023-2029.
MARKET COMPETITIVE LANDSCAPE:
The main players in the Forging market include Alcoa Corporation, All Metals & Forge Group, CFS Machinery Co. Ltd, Consolidated Industries Inc., and Farinia Group. The share of the top 3 players in the Forging market is XX%.
REGION SHARE:
The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for XX%, Europe accounted for XX% of Forging market, and Asia Pacific accounted for XX%.
SEGMENT OVERVIEW:
The report segments the market by Type and Application. Closed Die Forging accounted for XX% of Forging market in 2022. Open Die Forging share of XX%.
Automotive accounted for XX% of the Forging market in 2022. Aerospace accounts for XX%.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Forging market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Forging market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Forging market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Forging market.
Global Forging Scope and Market Size
Forging market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Forging market will be able to gain the upper hand as they use the report as a powerful resource.
The impact of the outbreak of COVID-19 and the Russia-Ukraine War on the Forging industry is considered in the report, covering the dynamic analysis of the development of the Forging industry, including trends, technologies, opportunities, constraints. To ensure report buyers are able to gain in-depth knowledge of the market.
Recent developments in the materials and chemicals industry have been influenced by various factors, including sustainability concerns, technological advancements, and changing consumer demands.
Sustainable Materials: There is a growing emphasis on sustainable materials and processes in the industry. Companies are focusing on developing bio-based and recycled materials to reduce dependence on fossil fuels and minimize environmental impact. This includes the use of bioplastics, bio-based polymers, and renewable feedstocks in various applications.
Circular Economy: The concept of a circular economy, which aims to minimize waste and maximize resource efficiency, has gained significant attention. Companies are exploring innovative solutions for recycling, upcycling, and reusing materials to create closed-loop systems. This involves developing new recycling technologies, implementing take-back programs, and designing products with end-of-life considerations in mind.
Digitalization and Industry 4.0: The integration of digital technologies, automation, and data analytics is transforming the materials and chemicals industry. Smart manufacturing, Internet of Things (IoT) sensors, and artificial intelligence (AI) are being employed to optimize production processes, improve quality control, and enhance supply chain efficiency. This digital transformation is enhancing productivity, reducing costs, and enabling predictive maintenance.
Key Regions Covered in This Report Are
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Spain
Nordic
Asia Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Egypt
South Africa
UAE
Turkey
Saudi Arabia
Some of the major players operating in the global market include:
Alcoa Corporation
All Metals & Forge Group
CFS Machinery Co. Ltd
Consolidated Industries Inc.
Farinia Group
Fountaintown Forge Inc.
Pacific Forge Incorporated
Patriot Forge Co.
Precision Castparts Corp.
Scot Forge
Segment by Type
Closed Die Forging
Open Die Forging
Seamless Forging
Application list
Automotive
Aerospace
Railway Heavy Equipment
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
Table of Content
1 Forging Market Introduction and Overview
1.1 Forging Definition
1.2 Research Purposes
1.3 Report Timeline
1.4 Economic Analysis of Global Regions
1.5 Forging Industry Dynamic Analysis
1.5.1 Forging Market Trends Analysis
1.5.2 Forging Market Drivers Analysis
1.5.3 Forging Market Challenges Analysis
1.5.4 Forging Market Restraints Analysis
1.6 Inflation Analysis
1.7 The Impact of the Russian-Ukrainian War on the Market
1.8 Coronavirus Disease 2020 (COVID-19) Impact on Global
2 Global Forging Market Insights by Type
2.1 Market Size Insights by Types
2.2 Global Forging Revenue and Share by Type
3 Global Forging Market Insights by Application
3.1 Market Size Insights by Application
3.2 Global Forging Revenue and Share by Application (2018-2023)
4 Global Market Growth Insights
4.1 Global Forging Market Size (2018-2023)
4.2 Forging Growth Insights by Regions
4.2.1 Forging Market Size by Regions: 2018 VS 2023 VS 2029
4.2.2 Forging Revenue Market Size by Regions (2018-2023)
4.2.3 North America Forging Market Size (2018-2023)
4.2.4 Europe Forging Market Size (2018-2023)
4.2.5 Asia-Pacific Forging Market Size (2018-2023)
4.2.6 Latin America Forging Market Size (2018-2023)
4.2.7 Middle East & Africa Forging Market Size (2018-2023)
5 North America
5.1 North America Forging Revenue by Countries
5.1.1 North America Forging Revenue by Countries (2018-2023)
5.2 North America PEST Analysis
5.3 United States
5.4 Canada
6 Asia Pacific
6.1 Asia Pacific Forging Revenue by Countries
6.1.1 Asia Pacific Forging Revenue by Countries (2018-2023)
6.2 Asia-Pacific PEST Analysis
6.3 China
6.4 Japan
6.5 Korea
6.6 Southeast Asia
6.7 India
6.8 Australia
7 Europe
7.1 Europe Forging Revenue by Countries
7.1.1 Europe Forging Revenue by Countries (2018-2023)
7.2 Europe PEST Analysis
7.3 Germany
7.4 France
7.5 UK
7.6 Italy
7.7 Russia
7.8 Spain
7.9 Nordic
8 Latin America
8.1 Latin America Forging Revenue by Countries
8.1.1 Latin America Forging Revenue by Countries (2018-2023)
8.2 Latin America PEST Analysis
8.3 Brazil
8.4 Argentina
8.5 Mexico
9 Middle East & Africa
9.1 Middle East & Africa Forging Revenue by Countries
9.1.1 Middle East & Africa Forging Revenue by Countries (2018-2023)
9.2 Middle East & Africa PEST Analysis
9.3 Egypt
9.4 South Africa
9.5 UAE
9.6 Turkey
9.7 Saudi Arabia
10 Global Forging Market Competition, by Players
10.1 Global Forging Revenue and Market Share by Players
10.2 Market Concentration Rate
10.2.1 Top 3 Forging Players Market Share in 2022
10.2.2 Top 6 Forging Players Market Share in 2022
10.2.3 Market Competition Trend
10.3 Forging Players Head Office, Business Provided
10.4 Forging Mergers & Acquisitions
10.5 Forging New Entrants and Expansion Plans
11 Players Profiles
11.1 Alcoa Corporation
11.1.1 Alcoa Corporation Company Profile
11.1.2 Forging Product Overview
11.1.3 Alcoa Corporation Forging Market Performance (2018-2023)
11.1.4 Alcoa Corporation Business Overview
11.1.5 Recent Developments and Plans
11.2 All Metals & Forge Group
11.2.1 All Metals & Forge Group Company Profile
11.2.2 Forging Product Overview
11.2.3 All Metals & Forge Group Forging Market Performance (2018-2023)
11.2.4 All Metals & Forge Group Business Overview
11.2.5 Recent Developments and Plans
11.3 CFS Machinery Co. Ltd
11.3.1 CFS Machinery Co. Ltd Company Profile
11.3.2 Forging Product Overview
11.3.3 CFS Machinery Co. Ltd Forging Market Performance (2018-2023)
11.3.4 CFS Machinery Co. Ltd Business Overview
11.3.5 Recent Developments and Plans
11.4 Consolidated Industries Inc.
11.4.1 Consolidated Industries Inc. Company Profile
11.4.2 Forging Product Overview
11.4.3 Consolidated Industries Inc. Forging Market Performance (2018-2023)
11.4.4 Consolidated Industries Inc. Business Overview
11.4.5 Recent Developments and Plans
11.5 Farinia Group
11.5.1 Farinia Group Company Profile
11.5.2 Forging Product Overview
11.5.3 Farinia Group Forging Market Performance (2018-2023)
11.5.4 Farinia Group Business Overview
11.5.5 Recent Developments and Plans
11.6 Fountaintown Forge Inc.
11.6.1 Fountaintown Forge Inc. Company Profile
11.6.2 Forging Product Overview
11.6.3 Fountaintown Forge Inc. Forging Market Performance (2018-2023)
11.6.4 Fountaintown Forge Inc. Business Overview
11.6.5 Recent Developments and Plans
11.7 Pacific Forge Incorporated
11.7.1 Pacific Forge Incorporated Company Profile
11.7.2 Forging Product Overview
11.7.3 Pacific Forge Incorporated Forging Market Performance (2018-2023)
11.7.4 Pacific Forge Incorporated Business Overview
11.7.5 Recent Developments and Plans
11.8 Patriot Forge Co.
11.8.1 Patriot Forge Co. Company Profile
11.8.2 Forging Product Overview
11.8.3 Patriot Forge Co. Forging Market Performance (2018-2023)
11.8.4 Patriot Forge Co. Business Overview
11.8.5 Recent Developments and Plans
11.9 Precision Castparts Corp.
11.9.1 Precision Castparts Corp. Company Profile
11.9.2 Forging Product Overview
11.9.3 Precision Castparts Corp. Forging Market Performance (2018-2023)
11.9.4 Precision Castparts Corp. Business Overview
11.9.5 Recent Developments and Plans
11.10 Scot Forge
11.10.1 Scot Forge Company Profile
11.10.2 Forging Product Overview
11.10.3 Scot Forge Forging Market Performance (2018-2023)
11.10.4 Scot Forge Business Overview
11.10.5 Recent Developments and Plans
12 Global Forging Forecast Market Insights by Type
12.1 Global Forging Revenue Market Forecast by Type (2023-2029)
13 Global Forging Forecast Market Insights by Application
13.1 Forging Revenue Market Forecast by Application (2023-2029)
14 Global Market Growth Forecast Insights
14.1 Global Forging Forecast Market Size (2023-2029)
14.2 Forging Growth Forecast Insights by Regions
14.2.1 Forging Revenue Forecast Market Size by Regions (2023-2029)
14.2.2 North America Forging Forecast Market Size (2023-2029)
14.2.3 Europe Forging Forecast Market Size (2023-2029)
14.2.4 Asia-Pacific Forging Forecast Market Size (2023-2029)
14.2.5 Latin America Forging Forecast Market Size (2023-2029)
14.2.6 Middle East & Africa Forging Forecast Market Size (2023-2029)
15 Methodology and Data Source
15.1 A Methodology
15.1.1 Research Process
15.1.2 Market Size Estimation
15.1.3 Market Breakdown and Data Triangulation
15.2 B Data Source
15.2.1 Legal Disclaimer
List of Tables and Figures
Figure Forging Picture
Table Product Definition of Forging
Table Economic Analysis of Global Regions
Table Market Trends Analysis
Table Market Drivers Analysis
Table Market Challenges Analysis
Table Market Restraints Analysis
Table Inflation Analysis
Table The Impact of the Russian-Ukrainian War on the Market
Figure 2020 (COVID-19) Impact on Global Economic Growth 2019, 2020, 2021
Figure Population infected by the Covid-19 of Major Countries
Table Global Forging Market Size by Type (2018 VS 2023 VS 2029)
Table Global Forging Revenue by Type (2018-2023)
Table Global Forging Revenue and Share by Type (2018-2023)
Table Global Forging Market Size by Application (2018 VS 2023 VS 2029)
Table Global Forging Revenue by Application (2018-2023)
Table Global Forging Revenue Share by Application (2018-2023)
Figure Global Forging Revenue Market Size Growth (2018-2023)
Table Forging Market Size by Regions: 2018 VS 2023 VS 2029
Table Forging Revenue Market Size by Regions (2018-2023)
Table Forging Revenue and Share by Regions (2018-2023)
Figure North America Forging Market Size (2018-2023)
Figure Europe Forging Market Size (2018-2023)
Figure Asia-Pacific Forging Market Size (2018-2023)
Figure Latin America Forging Market Size (2018-2023)
Figure Middle East & Africa Forging Market Size (2018-2023)
Table North America Forging Revenue by Countries (2018-2023)
Table North America Forging Revenue and Share by Countries (2018-2023)
Table North America PEST Analysis
Figure United States Forging Revenue and Growth (2018-2023)
Figure Canada Forging Revenue and Growth (2018-2023)
Figure Canada Forging Sales and Growth (2018-2023)
Table Asia-Pacific Forging Revenue by Countries (2018-2023)
Table Asia-Pacific Forging Revenue and Share by Countries (2018-2023)
Table Asia-Pacific PEST Analysis
Figure China Forging Revenue and Growth (2018-2023)
Figure Japan Forging Revenue and Growth (2018-2023)
Figure Korea Forging Revenue and Growth (2018-2023)
Figure Southeast Asia Forging Revenue and Growth (2018-2023)
Figure India Forging Revenue and Growth (2018-2023)
Figure Australia Forging Revenue and Growth (2018-2023)
Table Europe Forging Revenue by Countries (2018-2023)
Table Europe Forging Revenue and Share by Countries (2018-2023)
Table Europe PEST Analysis
Figure Germany Forging Revenue and Growth (2018-2023)
Figure France Forging Revenue and Growth (2018-2023)
Figure UK Forging Revenue and Growth (2018-2023)
Figure Italy Forging Revenue and Growth (2018-2023)
Figure Russia Forging Revenue and Growth (2018-2023)
Figure Spain Forging Revenue and Growth (2018-2023)
Figure Nordic Forging Revenue and Growth (2018-2023)
Table Latin America Forging Revenue by Countries (2018-2023)
Table Latin America Forging Revenue and Share by Countries (2018-2023)
Table Latin America PEST Analysis
Figure Brazil Forging Revenue and Growth (2018-2023)
Figure Argentina Forging Revenue and Growth (2018-2023)
Figure Mexico Forging Revenue and Growth (2018-2023)
Table Middle East & Africa Forging Revenue by Countries (2018-2023)
Table Middle East & Africa Forging Revenue and Share by Countries (2018-2023)
Table Middle East & Africa PEST Analysis
Figure Egypt Forging Revenue and Growth (2018-2023)
Figure South Africa Forging Revenue and Growth (2018-2023)
Figure UAE Forging Revenue and Growth (2018-2023)
Figure Turkey Forging Revenue and Growth (2018-2023)
Figure Saudi Arabia Forging Revenue and Growth (2018-2023)
Table Global Forging Revenue by Players (2018-2023)
Table Global Forging Revenue Market Share by Players (2018-2023)
Figure Global Top 3 Companies Revenue Share in 2022
Figure Global Top 6 Companies Revenue Share in 2022
Table Global Forging Players Market Concentration Ratio (CR5) (2018-2023)
Table Forging Players Head Office, Business Provided
Table Mergers & Acquisitions
Table New Entrants and Expansion Plans
Table Alcoa Corporation Profile
Table Product Overview
Table Alcoa Corporation Forging Revenue, Gross and Gross Margin (2018-2023)
Figure Alcoa Corporation Revenue and Growth Rate
Figure Alcoa Corporation Revenue Market Share 2017-2022
Table Business Overview
Table Recent Developments and Plans
Table All Metals & Forge Group Profile
Table Product Overview
Table All Metals & Forge Group Forging Revenue, Gross and Gross Margin (2018-2023)
Figure All Metals & Forge Group Revenue and Growth Rate
Figure All Metals & Forge Group Revenue Market Share 2017-2022
Table Business Overview
Table Recent Developments and Plans
Table CFS Machinery Co. Ltd Profile
Table Product Overview
Table CFS Machinery Co. Ltd Forging Revenue, Gross and Gross Margin (2018-2023)
Figure CFS Machinery Co. Ltd Revenue and Growth Rate
Figure CFS Machinery Co. Ltd Revenue Market Share 2017-2022
Table Business Overview
Table Recent Developments and Plans
Table Consolidated Industries Inc. Profile
Table Product Overview
Table Consolidated Industries Inc. Forging Revenue, Gross and Gross Margin (2018-2023)
Figure Consolidated Industries Inc. Revenue and Growth Rate
Figure Consolidated Industries Inc. Revenue Market Share 2017-2022
Table Business Overview
Table Recent Developments and Plans
Table Farinia Group Profile
Table Product Overview
Table Farinia Group Forging Revenue, Gross and Gross Margin (2018-2023)
Figure Farinia Group Revenue and Growth Rate
Figure Farinia Group Revenue Market Share 2017-2022
Table Business Overview
Table Recent Developments and Plans
Table Fountaintown Forge Inc. Profile
Table Product Overview
Table Fountaintown Forge Inc. Forging Revenue, Gross and Gross Margin (2018-2023)
Figure Fountaintown Forge Inc. Revenue and Growth Rate
Figure Fountaintown Forge Inc. Revenue Market Share 2017-2022
Table Business Overview
Table Recent Developments and Plans
Table Pacific Forge Incorporated Profile
Table Product Overview
Table Pacific Forge Incorporated Forging Revenue, Gross and Gross Margin (2018-2023)
Figure Pacific Forge Incorporated Revenue and Growth Rate
Figure Pacific Forge Incorporated Revenue Market Share 2017-2022
Table Business Overview
Table Recent Developments and Plans
Table Patriot Forge Co. Profile
Table Product Overview
Table Patriot Forge Co. Forging Revenue, Gross and Gross Margin (2018-2023)
Figure Patriot Forge Co. Revenue and Growth Rate
Figure Patriot Forge Co. Revenue Market Share 2017-2022
Table Business Overview
Table Recent Developments and Plans
Table Precision Castparts Corp. Profile
Table Product Overview
Table Precision Castparts Corp. Forging Revenue, Gross and Gross Margin (2018-2023)
Figure Precision Castparts Corp. Revenue and Growth Rate
Figure Precision Castparts Corp. Revenue Market Share 2017-2022
Table Business Overview
Table Recent Developments and Plans
Table Scot Forge Profile
Table Product Overview
Table Scot Forge Forging Revenue, Gross and Gross Margin (2018-2023)
Figure Scot Forge Revenue and Growth Rate
Figure Scot Forge Revenue Market Share 2017-2022
Table Business Overview
Table Recent Developments and Plans
Table Global Forging Revenue Forecast by Type (2023-2029)
Table Global Forging Revenue and Share Forecast by Type (2023-2029)
Table Global Forging Revenue by Application (2023-2029)
Table Global Forging Revenue and Share by Application (2023-2029)
Figure Global Forging Revenue Forecast Market Size (2023-2029)
Table Forging Revenue Forecast by Regions (2023-2029)
Table Forging Revenue and Share Forecast by Regions (2023-2029)
Figure North America Forging Revenue Forecast Market Size (2023-2029)
Figure Europe Forging Revenue Forecast Market Size (2023-2029)
Figure Asia-Pacific Forging Revenue Forecast Market Size (2023-2029)
Figure Latin America Forging Revenue Forecast Market Size (2023-2029)
Figure Middle East & Africa Forging Revenue Forecast Market Size (2023-2029)
Table Research Process
Figure Bottom-up and Top-down Approaches for This Report
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
Market Segments(by Application, by Type) |
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Total Market |
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