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Forging is a metal processing process involving the controlled deformation of metal into a specific shape by compressive forces (hammering and pressing). A series of compressive hammer blows act as the force for shaping or forging of the part. A broad range of metals and alloys can be forged.
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METAL FORGING MARKET 2020 Industry Survey, Growth, Competitive Landscapeand Forecasts to 2025 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
METAL FORGING MARKET 2020 Metal Forging Market 2020: Industry Survey, Growth, CompetitiveLandscape and Forecasts to 2025 Forging is a metal processing process involving the controlled deformation of metal into a specific shape by compressive forces (hammering and pressing). A series of compressive hammer blows act as the force for shaping or forging of the part. A broad range of metals and alloys can be forged. Typical metals used in forging include steel (carbon steel, alloy steel, and stainless steel), aluminum, copper, magnesium, titanium, brass, iron, and nickel-based alloys. The forged products serve various applications including automotive passenger cars, buses, trucks, trailers, motorcycles, and transmission equipment; internal combustion engines; oil field machinery and equipment; valves and fittings, fixtures; railroad equipment; pumps and compressors; metalworking and special industry machinery; and industrial and commercial machinery and equipment. The prime factors favoring the growth of the global market are increasing automobile production in the developing economies, significant growth of the aerospace & defense industry, and increasing need for electricity generation from nuclear power plants. In 2018, over 95 million units of automobiles were manufactured, and it is expected to cross over 100 million units by the end of 2019. This is projected to boost the demand for metal forging in the coming years. Moreover, the increasing commercial aircraft production and strong defense spending are further expected to drive the growth of the market for metal forging in the years to follow. www.marketresearchfuture.com
METAL FORGING MARKET 2020 Study Objectives of Metal Forging Market: By Raw Material • Steel: The steel segment was the dominant raw material segment in 2018 with a market share of over 70%. This is mainly attributed to its strength, availability, a higher degree of reliability and tolerance capabilities, and use of specialized alloy types such as stainless steel and carbon steel. By Type • Closed-die Forging: Closed-die forging, also known as impression-die forging, is the most popular metal forging process, with the segment accounting for a share of over 65% of the market in 2018. By End-Use Industry • Automotive: The automotive industry has been the major consumer for metal forging and this trend is expected to continue in the near future. By Region • North America: Market growth is driven by the well-established automotive industry Enquiry of the Report: https://www.marketresearchfuture.com/enquiry/8495 www.marketresearchfuture.com
METAL FORGING MARKET 2020 Regional Analysis North America: The regional market has a well-established automotive industry and is the leading region in the aerospace & defense market. Europe: The automotive industry in Europe is projected to witness healthy growth during the forecast period. Asia-Pacific: The market in Asia-Pacific for metal forging held the largest market share, of more than 50% in 2018 and is projected to retain its dominance during the forecast period. Latin America: The automotive industry in the regional market is relatively small, yet rapidly expanding, which is expected to boost the demand for metal forging during the review period. Middle East & Africa: In 2018, the market for metal forging in the region accounted for a relatively smaller market share. Browse Report @ https://www.marketresearchfuture.com/reports/metal-forging-market-8495 www.marketresearchfuture.com
METAL FORGING MARKET 2020 Application & Major Players in this Research: METAL FORGING Market Prominent Players: • Anheuser Busch InBev. (Belgium), • Carlsberg Group (Denmark), • Accolade Wines (Australia), • Beam-Suntory (U.S.), • Constellation Brands (U.S.), • Diageo Plc (U.K.), • Heineken Holding Nv (Netherland) Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/3190 www.marketresearchfuture.com
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