888-776-0942 from 8 AM - 10 PM ET
NEW YORK , March 4, 2022 /PRNewswire/ -- Forging Market in North America Facts at a Glance-
To understand more about Market Dynamics. Download our FREE sample report
The forging market share in North America is expected to increase by USD 3.45 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.34%. The forging market share growth in North America by the automotive segment will be significant during the forecast period. The automotive sector is expected to record steady production activities during the forecast period due to augmented demand. The increasing manufacturing of auto parts would augment the demand for forging in the automotive segment. Precision component manufacturing is of high importance, especially for modern vehicles that come equipped with various electronic devices responsible for performance.
To gain further insights on the market contribution of various segments -Download a FREE Sample
The Forging Market in North America is fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market.
Find additional highlights on the vendors and their product offerings. Download Free Sample Report
54% of the market's growth will originate from the US during the forecast period. US, Mexico , and Canada are the key markets for forging in North America. Market growth in this region will be slower than the growth of the market in other regions. The manufacturing sector in North America is showing signs of growth as the government of the US is focusing on bringing back manufacturing jobs. This will facilitate the forging market growth in the US over the forecast period.
For more insights on the market share of various regions - Download our FREE sample report
Latest Drivers & Trends Driving the Market-
Find additional information about various other market Drivers & Trends mentioned in our FREE sample report.
The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period. The value chain of the Forging Market in North America includes the following core components:
Technavio report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence. - To know more - Click Now!
Didn't Find What You Were Looking For? Customize Report-
Don't miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.
We offer USD 1,000 worth of FREE customization at the time of purchase. Speak to our Analyst now!
Related Reports Shape Memory Materials Market -The shape-memory materials market share is expected to increase by USD 8.67 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.79%. Download a free sample now!
Feldspar Market -The feldspar market share should rise by 5970.26 thousand units from 2022 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.65%. Download a free sample now!
Forging Market In North America Scope
Accelerate at a CAGR of 4.34%
Leading companies, competitive strategies, consumer engagement scope
Alcoa Corp., Allegheny Technologies Inc., Aluminum Precision Products, American Axle and Manufacturing Inc., Asahi Forge Corp., Berkshire Hathaway Inc., ELLWOOD Group Inc., FRISA INDUSTRIAS SA de CV, Park-Ohio Holdings Corp., and Scot Forge Co.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
*Exhibit 04: Offerings of vendors included in the market definition
**3.4 Market outlook: Forecast for 2020 - 2025
*Exhibit 13: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 14: Global market: Year-over-year growth 2021 - 2026 (%)
*Exhibit 08: Five forces analysis 2020 & 2025
*Exhibit 21: Market condition - Five forces 2021
*The segments covered in this chapter are:
*Exhibit 22: End-user - Market share 2021-2026 (%)
**5.3Automotive - Market size and forecast 2021-2026
*Exhibit 24: Automotive - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: Automotive - Year-over-year growth 2021-2026 (%)
**5.4Aerospace - Market size and forecast 2021-2026
*Exhibit 26: Aerospace - Market size and forecast 2021-2026 ($ million)
*Exhibit 27: Aerospace - Year-over-year growth 2021-2026 (%)
**5.5Others - Market size and forecast 2021-2026
*Exhibit 28: Others - Market size and forecast 2021-2026 ($ million)
*Exhibit 29: Others - Year-over-year growth 2021-2026 (%)
*Exhibit 30: Market opportunity by End-user
*The segments covered in this chapter are:
*Exhibit 31: Type - Market share 2021-2026 (%)
**6.3Closed die forging - Market size and forecast 2021-2026
*Exhibit 33: Closed die forging - Market size and forecast 2021-2026 ($ million)
*Exhibit 34: Closed die forging - Year-over-year growth 2021-2026 (%)
**6.4Open die forging - Market size and forecast 2021-2026
*Exhibit 35: Open die forging - Market size and forecast 2021-2026 ($ million)
*Exhibit 36: Open die forging - Year-over-year growth 2021-2026 (%)
**6.5Seamless rings - Market size and forecast 2021-2026
*Exhibit 37: Seamless rings - Market size and forecast 2021-2026 ($ million)
*Exhibit 38: Seamless rings - Year-over-year growth 2021-2026 (%)
*Exhibit 39: Market opportunity by Type
*Exhibit 41: Market share by geography 2021-2026 (%)
**8.3US - Market size and forecast 2021-2026
*Exhibit 43: US - Market size and forecast 2021-2026 ($ million)
*Exhibit 44: US - Year-over-year growth 2021-2026 (%)
**8.4Mexico - Market size and forecast 2021-2026
*Exhibit 45: Mexico - Market size and forecast 2021-2026 ($ million)
*Exhibit 46: Mexico - Year-over-year growth 2021-2026 (%)
**8.5Canada - Market size and forecast 2021-2026
*Exhibit 47: Canada - Market size and forecast 2021-2026 ($ million)
*Exhibit 48: Canada - Year-over-year growth 2021-2026 (%)
*Exhibit 49: Market opportunity by geography ($ million)
*9.1.1Benefits of forging over casting
*9.1.2Rising need for superior quality products
*9.1.3Forging, a cost-effective metal forming technique
*9.2.1Growing popularity of latest casting technologies
*Exhibit 50: Impact of drivers and challenges
*9.3.1Development of all-in-one 3D printing, casting, and forging technique
*9.3.2Application of robotics to enhance forging operations
*Exhibit 51: Market positioning of vendors
*Exhibit 56: Alcoa Corp. - Overview
*Exhibit 57: Alcoa Corp. - Business segments
*Exhibit 58: Alcoa Corp. - Key news
*Exhibit 59: Alcoa Corp. - Key offerings
*Exhibit 60: Alcoa Corp. - Segment focus
*Exhibit 61: Allegheny Technologies Inc. - Overview
*Exhibit 62: Allegheny Technologies Inc. - Business segments
*Exhibit 63: Allegheny Technologies Inc. - Key offerings
*Exhibit 64: Allegheny Technologies Inc. - Segment focus
*Exhibit 65: Aluminum Precision Products - Overview
*Exhibit 66: Aluminum Precision Products - Product and service
*Exhibit 67: Aluminum Precision Products - Key offerings
**11.6American Axle and Manufacturing Inc.
*Exhibit 68: American Axle and Manufacturing Inc. - Overview
*Exhibit 69: American Axle and Manufacturing Inc. - Business segments
*Exhibit 70: American Axle and Manufacturing Inc.- Key news
*Exhibit 71: American Axle and Manufacturing Inc. - Key offerings
*Exhibit 72: American Axle and Manufacturing Inc. - Segment focus
*Exhibit 73: Asahi Forge Corp. - Overview
*Exhibit 74: Asahi Forge Corp. - Product and service
*Exhibit 75: Asahi Forge Corp. - Key offerings
*Exhibit 76: Berkshire Hathaway Inc. - Overview
*Exhibit 77: Berkshire Hathaway Inc. - Business segments
*Exhibit 78: Berkshire Hathaway Inc. - Key offerings
*Exhibit 79: Berkshire Hathaway Inc. - Segment focus
*Exhibit 80: ELLWOOD Group Inc. - Overview
*Exhibit 81: ELLWOOD Group Inc. - Product and service
*Exhibit 82: ELLWOOD Group Inc. - Key news
*Exhibit 83: ELLWOOD Group Inc. - Key offerings
**11.10FRISA INDUSTRIAS SA de CV
*Exhibit 84: FRISA INDUSTRIAS SA de CV - Overview
*Exhibit 85: FRISA INDUSTRIAS SA de CV - Product and service
*Exhibit 86: FRISA INDUSTRIAS SA de CV - Key offerings
*Exhibit 87: Park-Ohio Holdings Corp. - Overview
*Exhibit 88: Park-Ohio Holdings Corp. - Business segments
*Exhibit 89: Park-Ohio Holdings Corp. - Key news
*Exhibit 90: Park-Ohio Holdings Corp. - Key offerings
*Exhibit 91: Park-Ohio Holdings Corp. - Segment focus
*Exhibit 92: Scot Forge Co. - Overview
*Exhibit 93: Scot Forge Co. - Product and service
*Exhibit 94: Scot Forge Co. - Key offerings
**12.2 Currency conversion rates for US$
*Exhibit 82:Currency conversion rates for US$?
*Exhibit 84: Validation techniques employed for market sizing?
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
More news releases in similar topics
Cision Distribution 888-776-0942 from 8 AM - 9 PM ET