MRO Magazine

Research and Markets: Global Forging Market 2016-2020 – Market Segmentation by Technology & End-User

January 13, 2016
By Business Wire News


Research and Markets ( has announced the addition of the “Global Forging Market 2016-2020” report to their offering.

The report predicts the global forging market to exhibit a healthy CAGR of around 8% during the forecast period.

Forging is an appropriate substitution to the casting methodology as it ensures greater efficiency, reliability, and precision. Custom forging accounts for the largest segment. In North America, this segment achieves sales figures worth $6 billion annually. Some of the major end-users of the forging industry include automotive, aerospace and defense, agriculture, construction, mining, general industrial equipment, and material handling equipment to name a few.

APAC accounts for the largest share of the forging industry, contributing about 61% of the total revenue generated. It is estimated to grow at a CAGR of around 9% during the forecast period. Increasing outsourcing of forging activities to low-cost countries in the region is expected to drive this regional market.

Demand for infrastructural development in developing countries and the emergence of India as the manufacturing hub for the automotive industry will propel the growth of the market in this region.

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by technology

PART 07: Market segmentation by end user

PART 08: Geographical segmentation

PART 09: Market drivers

PART 10: Impact of drivers

PART 11: Market challenges

PART 12: Impact of drivers and challenges

PART 13: Market trends

PART 14: Vendor landscape

PART 15: Key vendor analysis

Companies Mentioned:

  • Alcoa
  • ATI
  • Bharat Forge
  • Nippon Steel and Sumitomo Metal
  • ThyssenKrupp
  • Aichi Steel
  • KITZ
  • Mahindra Forging
  • Schuler Group
  • SNT.

For more information visit

Research and Markets
Laura Wood, Senior Manager
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Sector: Machinery and Parts