The Global Forged And Stamped Goods Market Report by The Business Research Company covers forged and stamped goods market drivers and restraints, forged and stamped goods market size, major players, and the impact of COVID-19 on the forged and stamped goods market.

The forged and stamped market consists of sales of forged and stamped metal goods by entities (organizations, sole traders and partnerships) that are engaged in manufacturing forgings from purchased metals, manufacturing metal custom roll forming products, manufacturing metal custom roll forming products, manufacturing metal stamped and spun products (except automotive, cans, coins), and manufacturing powder metallurgy products. Establishments making metal forgings, metal stampings, and metal spun products and further manufacturing (e.g., machining, assembling) a specific manufactured product are classified in the industry of the finished product. Metal forging, metal stamping, and metal spun products establishments may perform surface finishing operations, such as cleaning and deburring, on the products they manufacture.

An expected growth in the demand for aircraft manufacturing supported by the growing demand for international and domestic air travel and rising government defense budgets are expected to drive the demand for forged and stamped goods.

The global forged and stamped goods market is expected to grow from $242.35 billion in 2020 to $257.62 billion in 2021 at a compound annual growth rate (CAGR) of 6.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $316.67 billion in 2025 at a CAGR of 5%.

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Some forged and stamped goods market trends include metal forgers. They are increasingly incorporating additive manufacturing technologies to offer customized designs to the customers. 3D technology is being used in forging for balancing customization and personalization with efficiency and waste reduction. The 3D forging technology offers advantages, such as preparation of complicated shapes and designs and negligible material loss. Companies using the additive/3D manufacturing technology include Aloca and Bharat Forge.

Global forged and stamped goods market segments include:

1) By Type: Iron And Steel Forged Goods, Nonferrous Forged Goods, Custom Roll Formed Goods, Powder Metallurgy Parts, Metal Crown, Closure, And Other Metal Stamped Goods.

2) By End User Industry: Automotive, Construction, Food & Beverage Packaging, Machinery, Metal Products, Others.

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Among these regions, Asia Pacific is the largest region in the global forged and stamped goods market, accounting for 47% of the market.

Read More On The Forged And Stamped Goods Global Market Report 2021: COVID-19 Impact and Recovery to 2030 At:
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The Forged And Stamped Goods Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides forged and stamped goods market overviews, analyses and forecasts market size, share, forged and stamped goods market players, forged and stamped goods market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The forged and stamped goods market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Forged And Stamped Goods Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.

Market Players Covered: Magna International, ThyssenKrupp, Martinrea International, Harvey Vogel Manufacturing, Alcoa.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Forged And Stamped Goods Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Forged And Stamped Goods Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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