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The forging market in North America is forecasted to grow by USD 3.86 billion during 2023-2028, accelerating at a CAGR of 4.36% during the forecast period. The report on the forging market in North America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by benefits of forging over casting, increasing need for superior quality products, and rising renewable energy applications.
The forging market in North America is segmented as below:
By End-user
- Automotive
- Aerospace
- Others
By Type
- Closed die forging
- Open die forging
- Seamless rings
By Geographical Landscape
- North America
The report on the forging market in North America covers the following areas:
- Forging market in North America sizing
- Forging market in North America forecast
- Forging market in North America industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the forging market in North America: Ajax Tocco Magnethermic Corp., Alcoa Corp., Allegheny Technologies Inc., Aluminum Precision Products, American Axle and Manufacturing Holdings Inc., Asahi Forge Corp., Bharat Forge Ltd., Bula Forge and Machine Inc., ELLWOOD Group Inc., FRISA INDUSTRIAS SA de CV, Patriot Forge Co., Precision Castparts Corp., Scot Forge Co., Sumitomo Corp., Sypris Solutions Inc., and thyssenkrupp AG.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is development of all in one 3D printing, casting, and forging technique."
According to the report, one of the major drivers for this market is the benefits of forging over casting.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ajax Tocco Magnethermic Corp.
- Alcoa Corp.
- Allegheny Technologies Inc.
- Aluminum Precision Products
- American Axle and Manufacturing Holdings Inc.
- Asahi Forge Corp.
- Bharat Forge Ltd.
- Bula Forge and Machine Inc.
- ELLWOOD Group Inc.
- FRISA INDUSTRIAS SA de CV
- Patriot Forge Co.
- Precision Castparts Corp.
- Scot Forge Co.
- Sumitomo Corp.
- Sypris Solutions Inc.
- thyssenkrupp AG
