Global Forged And Stamped Goods Market Size, Forecasts, And Opportunities
Learn about the global forged and stamped market through The Business Research Company, which provides information on forged and stamped market size, forged and stamped market drivers and restraints, forged and stamped market players, the COVID-19 impact on the forged and stamped market, and more.
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%.
An expected growth in the demand for aircraft manufacturing supported by the growing demand for international and domestic air travel and rising government defence budgets are expected to drive the demand for forged and stamped goods.
Request A Sample For The Global Forged And Stamped Goods Market Report:
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.
Global Forged And Stamped Goods Market Segments Include:
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
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 was the largest region in the global forged and stamped goods market, accounting for 47% of the market in 2020.
Metal forgers 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.
TBRC’s forged and stamped market report covers:
Major Market Players: 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)
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, leading competitor revenues, profiles and market shares.
TBRC’s forged and stamped goods market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Here Is A List Of Similar Reports From The Business Research Company:
Interested To Know More About The Business Research Company?
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company
Follow us on Twitter: https://twitter.com/tbrc_info
Check out our Blog: https://blog.tbrc.info/
Check out our Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model