Forging Market in North America(Rolled Rings, Open Die and Impression Die) for Automotive, Aerospace, Oil and Gas, and Other Applications: Industry Perspective, titanium wire Comprehensive Analysis and Forecast 2014 – 2020
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Zion Research has revealed a new report titled Forging Market in North America(Rolled Rings, Open Die and Impression Die) Industry for Automotive, Aerospace, Oil and Gas, and Other Applications: Industry Perspective, Comprehensive Analysis and Forecast 2014 – 2020. According to the report, North America’s demand for forging business was valued at USD 11.Seventy five Billion in 2014 is predicted to achieve USD 15.41 Billion in 2020, rising at a CAGR of 4.76% between 2015 and 2020. When it comes to volume, the North America forging market stood at 23.30 million tons in 2014.
Forging is a manufacturing process of shaping metals using compressive forces. Cold forging and heat (or sizzling) forging are two major forging processes. Forging is a strong technique as compared to other steel shaping strategies, as it owes to the powerful metallic component. The forging mechanism might be exercised as ferrous (aluminum and titanium) forging and non-ferrous forging. Metal forging is done through both impression die, open die, or rolled rings. Forged metallic components are widely used within the automotive, aerospace, building, oil and gasoline, agriculture, shipbuilding, steel, bearing, and energy industries.
Browse the full “Forging Market in North America(Rolled Rings, Open Die and Impression Die) for Automotive, Aerospace, Oil and Gas, and Other Applications: Industry Perspective, Comprehensive Analysis and Forecast 2014 – 2020” report at http://www.marketresearchstore.com/report/forging-market-in-north-america-35586
The forging market is segmented on the premise of several types of forging mechanism such as ferrous steel forging, and non-ferrous metal forging. Forging market will also be segmented as rolled rings, open die and impression die on the basis of product phase. Impression die dominated the North America forging market with over 60% share in complete market in 2014. However, rolled ring die section is expected to witness fastest CAGR throughout the forecast interval. Rolled rings forging market is rising as demand for rolled ring forging equipments demand for automotive, aviation and oil & gasoline business is growing. Aerospace industry dominated the demand for rolled rings forging equipments market in North America.
The forging market in North America is segmented on the basis of utility segmentation contains the automotive trade, aerospace industry, oil and gas industry, and other applications. The automotive industry is one of the largest industries contributing to the growth of the forging market by means of the excessive consumption of forging tools. Impression dies are primarily used for making several metallic parts. Strong demand for impression die forging equipments from automotive business is expected to boost the demand for forging market in the years to come. Aerospace is another vital finish marketplace for forging trade.
The key players for forging market in North America embrace Alcoa, American Axle & Manufacturing Holdings, and Precision Castparts. The others distinguished players for the forging market in North America include Ellwood Group, ATI Ladish Forging, FRISA, General Dynamics Ordnance & Tactical Systems, HHI Forging, Patriot Forge, Scot Forge, Sumitomo, Sypris Solutions, ThyssenKrupp.
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North America Market: Type Segment Analysis
Ferrous Metal Forging
Non-ferrous Metal Forging
North America Market: Product Segment Analysis
Rolled Rings
Open Die
Impression Die
North America Market: Application Segment Analysis
Automotive Industry
Aerospace Industry
Oil and Gas Industry
Others
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