Home / Mining / Global Aluminum Forging Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027

Global Aluminum Forging Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027

Published: Oct 2019 | Published By: Acute Market Research

The overall aluminum forging market worldwide was valued at US$ 11.60 Bn in 2018 and is set to grow with a CAGR of 5.4% during the forecast period.

Market Insights

Growing demand for lightweight materials in aerospace and automotive industries are driving the growth for aluminum forging market. Aluminum forging is a manufacturing process in which aluminum is pressed, squeezed below heavy pressure for producing high strength parts. Growth of forging market worldwide is one of the major growth factors which are driving growth for aluminum forging market. The global forging market is valued around US$ 65.00 Bn in 2018. On account of durability, high strength, resistance and other benefits, the demand for aluminum forging is growing which in turn helping the aluminum forging market to grow. Therefore, we expect that the aluminum forging market will show healthy growth during the forecast period.

Based on application, in 2018, automotive segment was the largest value contributor in the global aluminum forging market. The aforementioned segment has above 35% revenue share in the same year. Growth in automotive production and wide application of aluminum in modern vehicles are the major factors for the growth of the segment. In 2018, global automotive industry consumed over 3.5 Mn tons of aluminum. The fact of every 1 kilogram use of aluminum in car manufacturing reduces the overall weight of the car by 1 kilogram. Due to aforementioned reason, different car parts such as engine radiators, bumpers, transmission bodies, and other major parts are made of aluminum nowadays. Since 1970, the continuous rise in the aluminum share in car production has increased from 35 Kg to 152 Kg in 2018. As a result of these factors, we expect that the segment will show significant growth throughout the forecast period.

Based on the geography, Asia Pacific was the largest value contributor in the aluminum forging market in 2018. Asia Pacific has nearly 1/3rd share in the same year. Growing automotive and construction industry are the major growth driving factors for aluminum forging market in Asia Pacific. Developing economies of Asia Pacific such as China and India will be the major contributor in the region owing to growth in adoption of forging techniques in the manufacturing industry. Hefty investments and government initiatives for increasing manufacturing in the region are one of the major growth factors for aluminum forging market. Consequently, we expect that the Asia Pacific region will continue its dominance throughout the forecast period.

Some of the major companies profiled in the report include Aichi Steel, Alcoa Corporation, Bharat Forge Limited, Nippon Steel Corporation, ThyssenKrupp AG, Aluminum Precision Products, American Handforge, KITZ CORPORATION, Ellwood Group Inc, Arconic Inc. among others.

Chapter 1 Preface
1.1 Report Scope and Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Aluminum Forging Market
2.1.1 Global Aluminum Forging Market, by Product Type, 2018 (US$ Mn)
2.1.2 Global Aluminum Forging Market, by Application, 2018 (US$ Mn)
2.1.3 Global Aluminum Forging Market, by Geography, 2018 (US$ Mn)

Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Restraint
3.3 Attractive Investment Proposition, by Geography, 2018
3.4 Market Positioning of Key Aluminum Forging Manufacturers, 2018

Chapter 4 Global Aluminum Forging Market, by Product Type
4.1 Overview
4.1.1 Global Aluminum Forging Market Value Share, by Product Type, 2018 & 2027 (Value, %)
4.2 Open Die Forging
4.2.1 Global Open Die Forging Market Value, 2017 – 2027 (US$ Mn)
4.3 Close Die Forging
4.3.1 Global Close Die Forging Market Value, 2017 – 2027 (US$ Mn)
4.4 Ring Rolled Forging
4.4.1 Global Ring Rolled Forging Market Value, 2017 – 2027 (US$ Mn)

Chapter 5 Global Aluminum Forging Market, by Application
5.1 Overview
5.1.1 Global Aluminum Forging Market Value Share, by Application, 2018 & 2027 (Value, %)
5.2 Aerospace
5.2.1 Global Aluminum Forging Market Value from Aerospace, 2017 – 2027 (US$ Mn)
5.3 Automotive
5.3.1 Global Aluminum Forging Market Value from Automotive, 2017 – 2027 (US$ Mn)
5.4 Defense
5.4.1 Global Aluminum Forging Market Value from Defense, 2017 – 2027 (US$ Mn)
5.5 Others (Construction, Mining, etc.)
5.5.1 Global Aluminum Forging Market Value from Others (Construction, Mining, etc.), 2017 – 2027 (US$ Mn)

Chapter 6 North America Aluminum Forging Market Analysis, 2017 – 2027 (US$ Mn)
6.1 Overview
6.2 North America Aluminum Forging Market Analysis, by Product Type, 2017 – 2027 (US$ Mn)
6.2.1 Market Analysis
6.3 North America Aluminum Forging Market Analysis, by Application, 2017 – 2027 (US$ Mn)
6.3.1 Market Analysis
6.4 North America Aluminum Forging Market, by Country, 2017 – 2027 (US$ Mn)
6.4.1 Market Analysis
6.4.2 U.S.
6.4.3 Rest of North America

Chapter 7 Europe Aluminum Forging Market Analysis, 2017 – 2027 (US$ Mn)
7.1 Overview
7.2 Europe Aluminum Forging Market Analysis, by Product Type, 2017 – 2027 (US$ Mn)
7.2.1 Market Analysis
7.3 Europe Aluminum Forging Market Analysis, by Application, 2017 – 2027 (US$ Mn)
7.3.1 Market Analysis
7.4 Europe Aluminum Forging Market, by Country, 2017 – 2027 (US$ Mn)
7.4.1 Market Analysis
7.4.2 U.K.
7.4.3 Germany
7.4.4 France
7.4.5 Rest of Europe

Chapter 8 Asia Pacific Aluminum Forging Market Analysis, 2017 – 2027 (US$ Mn)
8.1 Overview
8.2 Asia Pacific Aluminum Forging Market Analysis, by Product Type, 2017 – 2027 (US$ Mn)
8.2.1 Market Analysis
8.3 Asia Pacific Aluminum Forging Market Analysis, by Application, 2017 – 2027 (US$ Mn)
8.3.1 Market Analysis
8.4 Asia Pacific Aluminum Forging Market, by Country, 2017 – 2027 (US$ Mn)
8.4.1 Market Analysis
8.4.2 China
8.4.3 Japan
8.4.4 India
8.4.5 Rest of Asia Pacific

Chapter 9 Rest of the World (RoW) Aluminum Forging Market Analysis, 2017 – 2027 (US$ Mn)
9.1 Overview
9.2 RoW Aluminum Forging Market Analysis, by Product Type, 2017 – 2027 (US$ Mn)
9.2.1 Market Analysis
9.3 RoW Aluminum Forging Market Analysis, by Application, 2017 – 2027 (US$ Mn)
9.3.1 Market Analysis
9.4 RoW Aluminum Forging Market, by Region (US$ Mn)
9.4.1 Market Analysis
9.4.2 Middle East & Africa (MEA)
9.4.3 Latin America

Chapter 10 Company Profiles
10.1 Aichi Steel
10.2 Alcoa Corporation
10.3 Bharat Forge Limited
10.4 Nippon Steel Corporation
10.5 thyssenkrupp AG
10.6 Aluminum Precision Products
10.7 American Handforge
10.8 KITZ CORPORATION
10.9 Ellwood Group Inc.
10.10 Arconic Inc.

TABLE 1 Market Snapshot: Global Aluminum Forging Market Value
TABLE 2 North America Aluminum Forging Market Value, by Product Type, 2017 – 2027 (US$ Mn)
TABLE 3 North America Aluminum Forging Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 4 North America Aluminum Forging Market Value, by Country, 2017 – 2027 (US$ Mn)
TABLE 5 Europe Aluminum Forging Market Value, by Product Type, 2017 – 2027 (US$ Mn)
TABLE 6 Europe Aluminum Forging Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 7 Europe Aluminum Forging Market Value, by Country, 2017 – 2027 (US$ Mn)
TABLE 8 Asia Pacific Aluminum Forging Market Value, by Product Type, 2017 – 2027 (US$ Mn)
TABLE 9 Asia Pacific Aluminum Forging Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 10 Asia Pacific Aluminum Forging Market Value, by Country, 2017 – 2027 (US$ Mn)
TABLE 11 RoW Aluminum Forging Market Value, by Product Type, 2017 – 2027 (US$ Mn)
TABLE 12 RoW Aluminum Forging Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 13 RoW Aluminum Forging Market Value, by Region, 2017 – 2027 (US$ Mn)
TABLE 14 Aichi Steel: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 15 Alcoa Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 16 Bharat Forge Limited: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 17 Nippon Steel Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 18 thyssenkrupp AG: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 19 Aluminum Precision Products: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 20 American Handforge: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 21 KITZ CORPORATION: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 22 Ellwood Group Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 23 Arconic Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)

FIG. 1 Global Aluminum Forging Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Aluminum Forging Market Segmentation
FIG. 4 Global Aluminum Forging Market, by Product Type, 2018 (US$ Mn)
FIG. 5 Global Aluminum Forging Market, by Application, 2018 (US$ Mn)
FIG. 6 Global Aluminum Forging Market, by Geography, 2018 (US$ Mn)
FIG. 7 Attractive Investment Proposition, by Geography, 2018
FIG. 8 Market Positioning of Key Aluminum Forging Manufacturers, 2018
FIG. 9 Global Aluminum Forging Market Value Share, by Product Type, 2018 & 2027 (Value, %)
FIG. 10 Global Open Die Forging Market Value, 2017 – 2027 (US$ Mn)
FIG. 11 Global Close Die Forging Market Value, 2017 – 2027 (US$ Mn)
FIG. 12 Global Ring Rolled Forging Market Value, 2017 – 2027 (US$ Mn)
FIG. 13 Global Aluminum Forging Market Value Share, by Application, 2018 & 2027 (Value, %)
FIG. 14 Global Aluminum Forging Market Value from Aerospace, 2017 – 2027 (US$ Mn)
FIG. 15 Global Aluminum Forging Market Value from Automotive, 2017 – 2027 (US$ Mn)
FIG. 16 Global Aluminum Forging Market Value from Defense, 2017 – 2027 (US$ Mn)
FIG. 17 Global Aluminum Forging Market Value from Others (Construction, Mining, etc.), 2017 – 2027 (US$ Mn)

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