Impression die forging market report, published by Allied Market Research forecasts that the global market was estimated to be $17,007 million in 2015 and is expected to reach $22,732 million by 2022 growing at a CAGR of 4.34% from 2015 - 2022. Asia-Pacific is expected to witness the highest growth rate, owing to rise in demand for automotive thermal management systems in countries such as China, Japan, India, and others.
The global impression die forging market is segmented based on component type, order type, metal type, and end user industry. Based on the type of components, the market is segmented into landing gears, connecting rods, gear blanks, crankshafts, jet engine & turbine shafts, and others.
Other components include pistons, flanged connectors, axles, railway wheels, shrouds, valves, piston rods, piping products, cylinders, levers, impellers, shafts, and casing. The other component segment accounted for dominant share of the market in 2015 and is expected to maintain its position throughout the forecast period.
These components are further processed using other production methods and are utilized in aerospace, defense, oil & gas, construction equipment, food, shipbuilding, and other industries.
Category: Market Research Publishers and RetailersCompany about: Allied Market Research is a global market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market dom ...