Market Research Store

Forging Market in North America : Industry Perspective, Comprehensive Analysis and Forecast 2014 - 2020

Forging Market in North America - Industry Analysis, Size, Growth, Trends, Statistics, Segment and Forecast 2014-2020

 

Deerfield Beach, FL -- (SBWIRE) -- 10/28/2015 -- Zion Research has published 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 industry was valued at USD 11.75 Billion in 2014 is expected to reach USD 15.41 Billion in 2020, growing at a CAGR of 4.76% between 2015 and 2020. In terms of 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 warm (or hot) forging are two major forging processes. Forging is a robust technique as compared to other metal shaping techniques, as it owes to the powerful metal component. The forging mechanism can be exercised as ferrous (aluminum and titanium) forging and non-ferrous forging. Metal forging is done through either impression die, open die, or rolled rings. Forged metal components are widely used in the automotive, aerospace, construction, oil and gas, agriculture, shipbuilding, steel, bearing, and power 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 basis of different types of forging mechanism such as ferrous metal forging, and non-ferrous metal forging. Forging market can also be segmented as rolled rings, open die and impression die on the basis of product segment. Impression die dominated the North America forging market with over 60% share in total market in 2014. However, rolled ring die segment is expected to witness fastest CAGR during the forecast period. Rolled rings forging market is growing as demand for rolled ring forging equipments demand for automotive, aviation and oil & gas industry 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 application segmentation includes the automotive industry, 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 through the high consumption of forging equipment. Impression dies are mainly used for making several metal components. Strong demand for impression die forging equipments from automotive industry is expected to boost the demand for forging market in the years to come. Aerospace is another important end market for forging industry.

Request for Sample Report of Forging Market in North America, here: http://www.marketresearchstore.com/report/forging-market-in-north-america-35586#RequestSample

The key players for forging market in North America include Alcoa, American Axle & Manufacturing Holdings, and Precision Castparts. The others prominent 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.

North America Market: Product Segment Analysis

- Rolled Rings
- Open Die
- Impression Die

About Zion Research
Zion Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Zion Research experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each Zion Research syndicated research report covers a different sector — such as pharmaceuticals, chemical, energy, food and beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports strive to serve the overall research requirement of clients.