Forging Market in North America 2023-2027

Description

List of Tables

The forging market in North America is forecasted to grow by USD 4022.08 mn during 2022-2027, accelerating at a CAGR of 4.71% during the forecast period. The report on the forging market in North America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the benefits of forging over casting, increasing need for superior quality products, and rising renewable energy applications.

Technavio's forging market in North America is segmented as below:

Market Scope
Base Year	2022
End Year	2027
Series Year	2023-2027
Growth Momentum	Accelerate
YOY 2023	4.47%
CAGR	4.71%
Incremental Value	$4022.08mn

By End-user

Automotive
Aerospace
Others

By Type

Closed die forging
Open die forging
Seamless rings

By Geographical Landscape

North America

This study identifies the development of all-in-one 3D printing, casting, and forging techniques as one of the prime reasons driving the forging market in North America growth during the next few years. Also, the application of robotics to enhance forging operations and technological innovations in the forging process will lead to sizable demand in the market.

The report on the forging market in North America covers the following areas:

Forging market sizing in North America
Forging market forecast in North America
Forging market industry analysis in North America

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading forging market in North America vendors that include Ajax Tocco Magnethermic Corp., Alcoa Corp., Allegheny Technologies Inc., Aluminum Precision Products, American Axle and Manufacturing Holdings Inc., Asahi Forge Corp., Bharat Forge Ltd., Bula Forge and Machine Inc., ELLWOOD Group Inc., FRISA INDUSTRIAS SA de CV, Patriot Forge Co., Precision Castparts Corp., Scot Forge Co., Sumitomo Corp., Sypris Solutions Inc., and thyssenkrupp AG. Also, the forging market in North America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR72558

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Regional - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on North America: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Regional - Market size and forecast 2022-2027 ($ million)

4 Historic Market Size

4.1 Forging market in North America 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on forging market in north America 2017 - 2021 ($ million)
4.2 End-user Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - End-user Segment 2017 - 2021 ($ million)
4.3 Type Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Type Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 22: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 23: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 24: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 25: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 26: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 27: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 28: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

6.1 Market segments
Exhibit 29: Chart on End-user - Market share 2022-2027 (%)
Exhibit 30: Data Table on End-user - Market share 2022-2027 (%)
6.2 Comparison by End-user
Exhibit 31: Chart on Comparison by End-user
Exhibit 32: Data Table on Comparison by End-user
6.3 Automotive - Market size and forecast 2022-2027
Exhibit 33: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
Exhibit 34: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Chart on Automotive - Year-over-year growth 2022-2027 (%)
Exhibit 36: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
6.4 Aerospace - Market size and forecast 2022-2027
Exhibit 37: Chart on Aerospace - Market size and forecast 2022-2027 ($ million)
Exhibit 38: Data Table on Aerospace - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Chart on Aerospace - Year-over-year growth 2022-2027 (%)
Exhibit 40: Data Table on Aerospace - Year-over-year growth 2022-2027 (%)
6.5 Others - Market size and forecast 2022-2027
Exhibit 41: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 42: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 43: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 44: Data Table on Others - Year-over-year growth 2022-2027 (%)
6.6 Market opportunity by End-user
Exhibit 45: Market opportunity by End-user ($ million)
Exhibit 46: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 47: Chart on Type - Market share 2022-2027 (%)
Exhibit 48: Data Table on Type - Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 49: Chart on Comparison by Type
Exhibit 50: Data Table on Comparison by Type
7.3 Closed die forging - Market size and forecast 2022-2027
Exhibit 51: Chart on Closed die forging - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Closed die forging - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Closed die forging - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Closed die forging - Year-over-year growth 2022-2027 (%)
7.4 Open die forging - Market size and forecast 2022-2027
Exhibit 55: Chart on Open die forging - Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Open die forging - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on Open die forging - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Open die forging - Year-over-year growth 2022-2027 (%)
7.5 Seamless rings - Market size and forecast 2022-2027
Exhibit 59: Chart on Seamless rings - Market size and forecast 2022-2027 ($ million)
Exhibit 60: Data Table on Seamless rings - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Chart on Seamless rings - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Seamless rings - Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Type
Exhibit 63: Market opportunity by Type ($ million)
Exhibit 64: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 66: Chart on Market share By Geographical Landscape - 2022-2027 (%)
Exhibit 67: Data Table on Market share By Geographical Landscape - 2022-2027 (%)
9.2 Geographic comparison
Exhibit 68: Chart on Geographic comparison
Exhibit 69: Data Table on Geographic comparison
9.3 US - Market size and forecast 2022-2027
Exhibit 70: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 71: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 72: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 73: Data Table on US - Year-over-year growth 2022-2027 (%)
9.4 Mexico - Market size and forecast 2022-2027
Exhibit 74: Chart on Mexico - Market size and forecast 2022-2027 ($ million)
Exhibit 75: Data Table on Mexico - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Chart on Mexico - Year-over-year growth 2022-2027 (%)
Exhibit 77: Data Table on Mexico - Year-over-year growth 2022-2027 (%)
9.5 Canada - Market size and forecast 2022-2027
Exhibit 78: Chart on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 80: Chart on Canada - Year-over-year growth 2022-2027 (%)
Exhibit 81: Data Table on Canada - Year-over-year growth 2022-2027 (%)
9.6 Market opportunity By Geographical Landscape
Exhibit 82: Market opportunity By Geographical Landscape ($ million)
Exhibit 83: Data Table on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 84: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 85: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 86: Overview on factors of disruption
11.4 Industry risks
Exhibit 87: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 88: Vendors covered
12.2 Market positioning of vendors
Exhibit 89: Matrix on vendor position and classification
12.3 Ajax Tocco Magnethermic Corp.
Exhibit 90: Ajax Tocco Magnethermic Corp. - Overview
Exhibit 91: Ajax Tocco Magnethermic Corp. - Product / Service
Exhibit 92: Ajax Tocco Magnethermic Corp. - Key offerings
12.4 Alcoa Corp.
Exhibit 93: Alcoa Corp. - Overview
Exhibit 94: Alcoa Corp. - Business segments
Exhibit 95: Alcoa Corp. - Key offerings
Exhibit 96: Alcoa Corp. - Segment focus
12.5 Allegheny Technologies Inc.
Exhibit 97: Allegheny Technologies Inc. - Overview
Exhibit 98: Allegheny Technologies Inc. - Business segments
Exhibit 99: Allegheny Technologies Inc. - Key news
Exhibit 100: Allegheny Technologies Inc. - Key offerings
Exhibit 101: Allegheny Technologies Inc. - Segment focus
12.6 Aluminum Precision Products
Exhibit 102: Aluminum Precision Products - Overview
Exhibit 103: Aluminum Precision Products - Product / Service
Exhibit 104: Aluminum Precision Products - Key offerings
12.7 American Axle and Manufacturing Holdings Inc.
Exhibit 105: American Axle and Manufacturing Holdings Inc. - Overview
Exhibit 106: American Axle and Manufacturing Holdings Inc. - Business segments
Exhibit 107: American Axle and Manufacturing Holdings Inc. - Key offerings
Exhibit 108: American Axle and Manufacturing Holdings Inc. - Segment focus
12.8 Asahi Forge Corp.
Exhibit 109: Asahi Forge Corp. - Overview
Exhibit 110: Asahi Forge Corp. - Product / Service
Exhibit 111: Asahi Forge Corp. - Key offerings
12.9 Bula Forge and Machine Inc.
Exhibit 112: Bula Forge and Machine Inc. - Overview
Exhibit 113: Bula Forge and Machine Inc. - Product / Service
Exhibit 114: Bula Forge and Machine Inc. - Key offerings
12.10 ELLWOOD Group Inc.
Exhibit 115: ELLWOOD Group Inc. - Overview
Exhibit 116: ELLWOOD Group Inc. - Product / Service
Exhibit 117: ELLWOOD Group Inc. - Key offerings
12.11 FRISA INDUSTRIAS SA de CV
Exhibit 118: FRISA INDUSTRIAS SA de CV - Overview
Exhibit 119: FRISA INDUSTRIAS SA de CV - Product / Service
Exhibit 120: FRISA INDUSTRIAS SA de CV - Key offerings
12.12 Patriot Forge Co.
Exhibit 121: Patriot Forge Co. - Overview
Exhibit 122: Patriot Forge Co. - Product / Service
Exhibit 123: Patriot Forge Co. - Key offerings
12.13 Precision Castparts Corp.
Exhibit 124: Precision Castparts Corp. - Overview
Exhibit 125: Precision Castparts Corp. - Product / Service
Exhibit 126: Precision Castparts Corp. - Key offerings
12.14 Scot Forge Co.
Exhibit 127: Scot Forge Co. - Overview
Exhibit 128: Scot Forge Co. - Product / Service
Exhibit 129: Scot Forge Co. - Key offerings
12.15 Sumitomo Corp.
Exhibit 130: Sumitomo Corp. - Overview
Exhibit 131: Sumitomo Corp. - Business segments
Exhibit 132: Sumitomo Corp. - Key news
Exhibit 133: Sumitomo Corp. - Key offerings
Exhibit 134: Sumitomo Corp. - Segment focus
12.16 Sypris Solutions Inc.
Exhibit 135: Sypris Solutions Inc. - Overview
Exhibit 136: Sypris Solutions Inc. - Business segments
Exhibit 137: Sypris Solutions Inc. - Key offerings
Exhibit 138: Sypris Solutions Inc. - Segment focus
12.17 thyssenkrupp AG
Exhibit 139: thyssenkrupp AG - Overview
Exhibit 140: thyssenkrupp AG - Business segments
Exhibit 141: thyssenkrupp AG - Key offerings
Exhibit 142: thyssenkrupp AG - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 143: Inclusions checklist
Exhibit 144: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 145: Currency conversion rates for US$
13.4 Research methodology
Exhibit 146: Research methodology
Exhibit 147: Validation techniques employed for market sizing
Exhibit 148: Information sources
13.5 List of abbreviations
Exhibit 149: List of abbreviations