Forging market in North America to grow at a CAGR of 4.55% over the period 2014-2019.

Deerfield Beach, FL -- (SBWire) -- 09/03/2015 --Forging market in North America to grow at a CAGR of 4.55% over the period 2014-2019. Forging is a process in which metals are shaped into desired designs by applying compressive forces. This technique is very robust compared to other metal-shaping techniques because of the strength acquired by the metal during forging. Some metals are processed hot, while others are processed cold. There are several forging methods such as closed die, press, and upset forging; open die forging; and cold forging. The Automotive industry is the major end-user of forged products, followed by the Engineering Machinery and Railway industries.

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Covered in this Report

The Forging market in North America can be segmented into three major product segments: Impression Die, Open Die, and Rolled Rings.

Forging market in North America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America; it also covers the Forging market in North America landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Regions

North America

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Key Vendors

Alcoa
American Axle & Manufacturing Holdings
Precision Castparts

Other Prominent Vendors

Ellwood Group
ATI Ladish Forging
FRISA
General Dynamics Ordnance & Tactical Systems
HHI Forging
Patriot Forge
Scot Forge
Sumitomo
Sypris Solutions
ThyssenKrupp

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Market Driver

Increased Demand for Ferrous Metal
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Market Challenge

Increased Use of Casting and Stamping Processes
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Market Trend

Increase in Focus Toward Development of New Technology
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