The global Metal Forging market is forecast to reach USD 141.62 Billion by 2027, according to a new report by Reports and Data. The market is witnessing a surge an increased demand from the automotive industry due to its durability, strength, and reliability of forged components. However, alternative manufacturing processes for components, explicitly casting, will hamper the demand of the market.

Rapid urbanization has changed the lifestyle of the people and, in turn, has increased the prevalence of aerospace and automotive sectors over a broad aspect, thus, augmenting the demand for the market product. The limitations of metal forging, which include brittle metals that cannot be forged and is not apt for the complex shaping of the components, thereby gives rise to the need in the market to look for alternative options that will be hindering the growth of metal forging market.

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Competitive Landscape:The study provides an in-depth analysis of the key competitors and their business strategies. The top leading companies dominating the market covered in this report are Larsen & Turbo Limited, ATI, Nippon Steel Corporation, Bharat Forge Ltd, China First Heavy Industries, Japan Casting & Forging Corp, Scot Forge, Arconic, North American Forgemasters, and Ellwood Group Inc., among others. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter's Five Forces analysis to pinpoint the growth trends and patterns. This offers a competitive edge to the reader to understand the dynamics of the competitive landscape. The report further provides coverage of strategic initiatives such as mergers, acquisitions, joint ventures, collaborations, and partnerships, among others undertaken by the top players of the industry. The report also provides strategic recommendations to new and emerging players to help them formulate better entry and investment strategies.

For the purpose of this report, Reports and Data have segmented into the global Metal Forging market on the basis of raw materials, type, application, and region:

Raw Materials Outlook (Revenue, USD Billion; 2017-2027)• Carbon Steel• Alloy Steel• Aluminum• Magnesium• Stainless Steel• Titanium• Others

Type Outlook (Revenue, USD Billion; 2017-2027)• Close-Die Forging• Open-Die Forging• Ring Rolling Forging• Upset Forging• Precision Forging

Application Outlook (Revenue, USD Billion; 2017-2027)• Automotive• Aerospace• Oil & Gas• Construction• Agriculture• Others

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Regional Coverage: For a detailed understanding of the competitive landscape, a thorough regional analysis covering North America, Europe, Asia Pacific, Latin America, and Middle East & Africa is offered in the report. It studies the market size, market share, revenue contribution, production and consumption patterns, supply and demand ratio, import/export, and the operations of the key players located in those regions. Furthermore, the report also covers a country-wise analysis of the industry.

Industry Trends:The report offers an extensive analysis of the current and emerging trends in the Metal Forging market. It offers insights into the trends and their impact on the growth of the industry. Market trends relating to technological developments, product advancements, competitive landscape, and regulatory framework, among others, are covered in the report.

Market Analysis, Size, and Forecast: The report covers macro and micro-economic factors that are anticipated to affect market growth and dynamics. Along with this, the report also offers insights into the social, political, economic, and legal aspects that are anticipated to influence the growth of the market. Moreover, the report provides a thorough analysis of the size in terms of value and volume and offers an accurate forecast of the market growth and expansion till 2027.

Table of Content:Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation TechniqueChapter 2. Executive Summary 2.1. Summary Snapshot, 2019-2027Chapter 3. Indicative MetricsChapter 4. Metal Forging Market Segmentation & Impact Analysis 4.1. Metal Forging Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis

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Tags: Metal Forging Market, Metal Forging Industry, Metal Forging Market size, Metal Forging Market share, Metal Forging Market trend, Metal Forging Market forecast, Metal Forging Market growth, Metal Forging Market demand

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Contact Information:

John W

Head of Business Development

40 Wall St. 28th floor New York City

NY 10005 United States

Direct Line: +1-212-710-1370