DUBLIN, Jan. 14, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/f396lz/global_forging) has announced the addition of the "Global Forging Market 2016-2020" report to their offering.
The report predicts the global forging market to exhibit a healthy CAGR of around 8% during the forecast period.
Vendors are developing new and improved die material interfaces and increasingly using new die designs and modeling software. The market is also implementing controls and sensors to monitor the forging process in a bid to automatically sense and compensate for any variation in the process.
According to the report, the aerospace industry is one of the key end-users of the forging market. Forged components are extensively used in building commercial and defense aircraft. Structural strength is an important parameter in the design and manufacture of aircraft. The industry demands materials with high strength-to-weight ratios in order to manufacture forged components such as bulkheads, wing roots, hinges, spars, engine mounts, beams, brackets, wheels, landing gear cylinders and struts, and brake carriers.
Further, the report states that the automotive industry is the biggest end-user of forged parts. The global economic slowdown has adversely affected the growth of the industry. Following this, the sales of forged parts in this industry lowered in 2015. This has compelled vendors of the forging market to reduce their shares and investments in the automotive industry. The exhibit below shows the decline in growth of the automotive industry.
Key questions answered in the report:
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global forging market?
- What are the key Market trends impacting the growth of the forging market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global forging market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the forging market?
Leading Vendors are:
- Bharat Forge
- Nippon Steel and Sumitomo Metal
Other prominent vendors are:
- Aichi Steel
- Mahindra Forging
- Schuler Group
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by technology
PART 07: Market segmentation by end user
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/f396lz/global_forging
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets