The capital-demanding nature of forging market globally accounts for the clear domination of well-well-established players operating in the markets around the world. This causes challenges for key players that are competing with giant players in accordance with features, quality, services and functionalities.
The usage of new technology by huge players for adding efficient value for products that is already existing will further added to the wretchedness of small players. The expansion of automotive industry will influence positively forging industry globally by certain leaps and bounds.
The report on the global Forging market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions.
It also focuses on the growth drivers and restraints for the key market players during the forecast period.
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Regionally, the global forging market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Among these, Europe and North America are anticipated for displaying escalated market share in the years to come.
The global market for forging in the Middle East & Africa and Latin America is presently in developing stage which is largely dominated by various local players. The Europe region is the market leader accounting for its dominant position in the global market for forging.
Emerging countries of this region are key forged metal consumers for the increasing industrialization and urbanization in these regions. However, the market share of Asia Pacific region is anticipated to reduce in the years to come.
This report analyzes the forging market by the following segments:
- Forging Market, Type
- Closed Die
- Open Die
- Rolled Rings
- Forging Market, by Company Type
- Custom Forging
- Captive Forging
- Catalog Forging
- Forging Market, by Metals / Raw Materials
- Copper / Brass / Bronze
- Low-Carbon & Low-Alloy Steels
- Microalloy / HSLA Steels
- Special Alloy Steels
- Stainless Steel
- Nickel-Base Superalloy
- Refractory Metal
- Forging Market, by End-user
- Oil & Gas
- Power Generation
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