Forging Market Share and Trends 2025

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Forging Market- Global Industry Insight, Trends,
Outlook, and Opportunity Analysis 2017-2025

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REPORT DESCRIPTION
Forging Market Overview
Forging refers to a process of shaping the
material by applying compressive force manually
by forging machines or with the use of power
hammers. Forging process can be carried out on
materials in either cold or hot state. These
forged parts include bolts, connecting rods,
turbine shafts, crane hooks, hand tools, gears,
and other components used in machine
manufacturing. These products offer toughness,
strength, stress, and are reliable end-use
industry such as automotive, mining, and
aerospace and various other applications. Forging
activities find diverse use in many industries
mainly in automotive, aerospace, and oil and gas
industries which in turn boosting the forging
market and is also anticipated to drive this
market over the forecast period. The closed die
forging segment (impression die forging) is the
dominant segment in the global forging market and
is anticipated have a continuous growth over the
forecast period. This is due to its high
dimensional accuracy and fine surface finishing.
The aerospace and automotive industry are the
biggest end users of the closed die forging
method. The automotive segment is accounted to
have the largest share in the global forging
market. Low fuel rates and interest rates are the
key factors driving the growth of automotive
industry of the forging market.
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REPORT DESCRIPTION

• Global Forging Market Taxonomy
• On the basis of type, the global forging market
  is segmented as
• Open Die Forging
• Closed Die Forging
• Seamless Forging
• Roll Forging
• Upset Forging
• Precision Die Forging
• Rotary Forging
• Others
• On the basis of end-use industry, the global
  forging market is segmented as
• Automotive
• Mining
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REPORT DESCRIPTION
Global Forging Market Outlook Asia Pacific is
projected to be the dominant region in the global
forging market having the largest market share in
the world followed by North America. Development
in infrastructure, advancement in automotive and
construction industries in the emerging economies
and recognition of the emerging country such as
India as the manufacturing hub is propelling the
growth of forging market in this region.
Moreover, the burgeoning outsourcing of forging
activity backed by government initiatives have
contributed to the growth of forging market in
this region. China, is the key producer of
forging products in this region. North America
has witnessed a burgeoning growth in the global
forging market. One of the main reasons behind
the growth is due to the increasing demand for
rolled ring forging which is ruling the aerospace
industry of this region. According to the Forging
Industry Association, forging appears in the 20
of products which represents the GDP of U.S. To
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