Forging is a metal forming process wherein a workpiece is bent and reformed by the application of compressional forces to attain the desired shape.The forging market comprises closed die, open die, and seamless ring forgings,which are primarily used in the automotive sector. The market is segmented on the basis of end-user, forging type, and geography.The global forging market was valued at 28.21 million tons in terms of production in 2016. The market is forecast to grow during the forecast period and reach 36.60 million tons by 2021.

PART 01: Executive summary 6

PART 02: Scope of the report 17

PART 03: Research Methodology 22

PART 04: Introduction 25

Key market highlights 25

PART 05: Market landscape 32

Market overview 32

Market size and forecast 33

Five forces analysis 36

PART 06: Market segmentation by type 37

Market overview 37

Closed die forging 38

Open die forging 39

Seamless rings 40

PART 07: Market segmentation by end-user 42

Market overview 42

Automotive segment 43

Others segment 47

PART 08: Geographical segmentation 56

Market overview 56

APAC 57

EMEA 61

Americas 63

PART 09: Market drivers 65

Benefits of forging over casting 65

Introduction of hybrid forging techniques 66

Growing demand for renewable energy equipment 67

PART 10: Impact of drivers 70

PART 11: Market challenges 71

Increase in variable costs 71

Lack of skilled labor in manufacturing sector 74

Intense competition among vendors 76

PART 12: Impact of drivers and challenges 77

PART 13: Market trends 78

Developments in robotics to enhance forging

operations 78

Integration of IoT with forging technology 79

Development of first-ever, all-in-one 3D printing, casting

and forging technique 81

PART 14: Vendor landscape 82

Competitive scenario 82

Other prominent vendors (illustrative list) 83

PART 15: Key vendor analysis 86

Alcoa 86

ATI 87

Bharat Forge 89

Nippon Steel & Sumitomo Metal 91

ThyssenKrupp 92

PART 16: Appendix 93

List of abbreviations 93

PART 17: Explore Technavio 94