Forging market valuation to account for USD 53450 Million by 2025

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Forging market revenue share is predicted to increase at a CAGR of 5.2 % over the course of the upcoming five years, consequently pulling the overall market value up to 53450 Million USD by 2025, from 43690 Million USD in 2019.

Forging Market

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The Forging market research report covers all crucial aspects such as key trends and factors governing the growth and slowdown of this industry vertical. Moreover, it offers valuable insights about the future growth trajectory of this domain meticulous evaluation of past and present business scenario. Besides, the research literature thoroughly defines the size and shares of the market and its segment while unveiling the opportunities that promise high returns in the coming years.

Forging Market Report Coverage
Report Covrage Details
Base Year: 2019
Market Size in 2019: 43690 Million (USD)
Forecast Year: 2025
Forecast Value: 53450 Million (USD)
CAGR: 5.2%
By Application: Powertrain Components, Chassis Components, Transmission Parts, Other Parts
By Product: Closed Die Forgings, Open Die Forgings, Rolled Rings Forgings
By Key Players: Nippon Steel & Sumitomo Metal, FAW, AAM, Aichi Steel, WanXiang, Thyssenkrupp, Mahindra Forgings Europe, KOBELCO, Bharat Forge, Arconic, Jiangsu Pacific Precision Forging, Allegheny Technologies, Farinia, CITIC Heavy Industries, Sypris Solutions, Dongfeng Forging, Longcheng Forging, VDM Metals, Ashok Leyland, Sinotruck

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Executive Summary:

The Forging market research report provides a complete examination of this industry with regards to key factors driving market growth, as well as the ones hampering it. Moreover, it identifies the key opportunities and makes predictions for the performance of the marketplace during 2019-2025.

Expert analysts cite that the Forging market is projected to grow at a yearly rate of 5.2% during the forecast period.

The report also includes information about regional markets, competitive landscape and factors affecting the sub-markets. Furthermore, it scrutinizes the effects of the pandemic on market valuation and growth.

Market Overview:

Geographical analysis snapshot

  • The report provides information about economic conditions of the major countries and their impact on overall market growth in the forecast period.
  • Regional market share and consumption growth rate are included in the report as well.

Product terrain overview

  • The report segregates the product gamut of the Forging industry into Closed Die Forgings, Open Die Forgings, Rolled Rings Forgings.
  • Market share captured by each product type is given in the report.
  • The document also includes detailed data about pricing, market share of and revenue of each product category.

Application scope rundown

  • The application range of the Forging market is classified into IIII.
  • Predictions about consumption share and valuation of each application type over the forecast period is cited in the report.
  • Market share secured by each application type is also documented.

Competitive landscape outline

  • Key companies defining the competitive landscape of the Forging market are Nippon Steel & Sumitomo Metal, FAW, AAM, Aichi Steel, WanXiang, Thyssenkrupp, Mahindra Forgings Europe, KOBELCO, Bharat Forge, Arconic, Jiangsu Pacific Precision Forging, Allegheny Technologies, Farinia, CITIC Heavy Industries, Sypris Solutions, Dongfeng Forging, Longcheng Forging, VDM Metals, Ashok Leyland, Sinotruck.
  • The report includes exhaustive information about the products offered by these companies, their pricing model, modes of distribution, and areas of operation.
  • Statistical data regarding pricing model, revenue generated, sales, and gross margins of leading companies are hosted in the study.
  • Particulars about mergers, acquisitions, collaborations, investments, partnerships, and entry of new firms are also incorporated in the report.

Frequently Asked Questions (FAQ) :

Forging market’s recorded worth was 43690 Million USD in 2019.
In 2025, the Forging industry is estimated to record a valuation of 53450 Million USD .
The Forging market is likely to register a CAGR of 5.2 % over the forecast period.

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