Home / Mining, Minerals and Metals / Aluminum Forging Market By Product Type (Open Die Forging, Close Die Forging and Ring Rolled Forging), By Application (Aerospace, Automotive, Defense and Others) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027

Aluminum Forging Market By Product Type (Open Die Forging, Close Die Forging and Ring Rolled Forging), By Application (Aerospace, Automotive, Defense and Others) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027

Published: Oct 2019 | Report Code: 59960-10-19

Growing Demand of Aluminum to boost the growth for Aluminum Forging Market

The aluminum forging market worldwide is expected to grow with a CAGR of 5.4% during the forecast period from 2019 to 2027, starting from US$ 11.60 Bn in 2018. Rapid increase in aluminum demand in automotive and aerospace industry is the key factor for growth of aluminum forging market worldwide. The process of pounding and pressing the aluminum under pressure is known as aluminum forging. Further, with the aforementioned process high strength and low weight aluminum parts are being manufactured for different industries such as defense, mining, construction, automotive and others. Growing demand of aluminum forging owing to its benefits such as low density, flexibility, toughness and others is one of the major growth factor for the market. Therefore, we expect that the aluminum forging market will show healthy growth throughout the forecast period. 

Market Synopsis

Aluminum Forging Market

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Automotive Segment will continue its Dominance

The aluminum forging market by application is split into aerospace, automotive, defense and others (construction, mining, etc.). In 2018, automotive segment was the largest value contributor and accounts for around 1/3rd of the revenue share in the same year. Increased application of aluminum in the automotive sector is the key driver for the growth of the segment. On account of light weight, low density, resistance, toughness and other benefits of aluminum forging has increased the use of aluminum in automotive production.  Consequently, we expect that the automotive segment will dominant the aluminum forging market throughout the forecast period.

Aluminum Forging Market

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Asia Pacific will continue leading the market

In 2018, Asia Pacific was the largest value contributor in the aluminum forging market. Asia Pacific accounts for nearly 35% of the revenue share in the same year. Growth of manufacturing industry in the developing economies of Asia Pacific such as China and India is the major growth factor for the region. Hefty investments for the growth of construction and manufacturing industry is the other major factor driving the growth of Asia Pacific. As a result of aforementioned factors, we expect that the Asia Pacific region will continue leading the market during the forecast period.

Aluminum Forging Market

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Some of the prominent players operating in the aluminum forging market Aichi Steel, Alcoa Corporation, Bharat Forge Limited, Nippon Steel Corporation, ThyssenKrupp AG, Aluminum Precision Products, American Handforge, KITZ CORPORATION, Ellwood Group Inc, Arconic Inc. among others.

Aluminum Forging Market

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027

Report Scope by Segments

The aluminum forging market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global aluminum forging market based on product type, application and geography. Key segments covered in the report are as follows: 

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Product Type Segment (2017–2027; US$ Bn)
 • Open Die Forging
 • Close Die Forging
 • Ring Rolled Forging

 Application Segment (2017–2027; US$ Bn)
 • Aerospace
 • Automotive
 • Defense
 • Others (Construction, Mining, etc.)

 Geography Segment (2017–2027; US$ Bn)
 • North America (U.S. and Rest of North America)
 • Europe (U.K., Germany, France, and Rest of Europe)
 • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
 • Rest of World (Middle East & Africa (MEA), Latin America)

Key questions answered in this report

  • What was the market size of aluminum forging in 2018 and forecast up to 2027?
  • Which is the largest regional market for aluminum forging?
  • What are the major trends followed in overall aluminum forging across different regions?
  • Who are the key aluminum forging companies leading the market?
  • What are the key strategies adopted by the leading aluminum forging companies in market? 

Unique data points of this report

  • Statistics on aluminum forging worldwide
  • Recent trends across different regions in terms of adoption of aluminum forging across various applications
  • Notable developments going on in aluminum forging market
  • Attractive investment proposition for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

Chapter 1 Preface
1.1 Report Scope and Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation

Chapter 2 Executive Summary
2.1 Market Snapshot: Global AF Market
2.1.1 Global AF Market, by Product Type, 2018 (US$ Mn)
2.1.2 Global AF Market, by Application, 2018 (US$ Mn)
2.1.3 Global AF Market, by Geography, 2018 (US$ Mn)

Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Restraint
3.3 Attractive Investment Proposition, by Geography, 2018
3.4 Market Positioning of Key AF Manufacturers, 2018

Chapter 4 Global Aluminum Forging (AF) Market, by Product Type
4.1 Overview
4.1.1 Global AF Market Value Share, by Product Type, 2018 & 2027 (Value, %)
4.2 Open Die Forging
4.2.1 Global Open Die Forging Market Value, 2017 – 2027 (US$ Mn)
4.3 Close Die Forging
4.3.1 Global Close Die Forging Market Value, 2017 – 2027 (US$ Mn)
4.4 Ring Rolled Forging
4.4.1 Global Ring Rolled Forging Market Value, 2017 – 2027 (US$ Mn)

Chapter 5 Global Aluminum Forging (AF) Market, by Application
5.1 Overview
5.1.1 Global AF Market Value Share, by Application, 2018 & 2027 (Value, %)
5.2 Aerospace
5.2.1 Global AF Market Value from Aerospace, 2017 – 2027 (US$ Mn)
5.3 Automotive
5.3.1 Global AF Market Value from Automotive, 2017 – 2027 (US$ Mn)
5.4 Defense
5.4.1 Global AF Market Value from Defense, 2017 – 2027 (US$ Mn)
5.5 Others (Construction, Mining, etc.)
5.5.1 Global AF Market Value from Others (Construction, Mining, etc.), 2017 – 2027 (US$ Mn)

Chapter 6 North America Aluminum Forging (AF) Market Analysis, 2017 – 2027 (US$ Mn)
6.1 Overview
6.2 North America AF Market Analysis, by Product Type, 2017 – 2027 (US$ Mn)
6.2.1 Market Analysis
6.3 North America AF Market Analysis, by Application, 2017 – 2027 (US$ Mn)
6.3.1 Market Analysis
6.4 North America AF Market, by Country, 2017 – 2027 (US$ Mn)
6.4.1 Market Analysis
6.4.2 U.S.
6.4.3 Rest of North America

Chapter 7 Europe Aluminum Forging (AF) Market Analysis, 2017 – 2027 (US$ Mn)
7.1 Overview
7.2 Europe AF Market Analysis, by Product Type, 2017 – 2027 (US$ Mn)
7.2.1 Market Analysis
7.3 Europe AF Market Analysis, by Application, 2017 – 2027 (US$ Mn)
7.3.1 Market Analysis
7.4 Europe AF Market, by Country, 2017 – 2027 (US$ Mn)
7.4.1 Market Analysis
7.4.2 U.K.
7.4.3 Germany
7.4.4 France
7.4.5 Rest of Europe

Chapter 8 Asia Pacific Aluminum Forging (AF) Market Analysis, 2017 – 2027 (US$ Mn)
8.1 Overview
8.2 Asia Pacific AF Market Analysis, by Product Type, 2017 – 2027 (US$ Mn)
8.2.1 Market Analysis
8.3 Asia Pacific AF Market Analysis, by Application, 2017 – 2027 (US$ Mn)
8.3.1 Market Analysis
8.4 Asia Pacific AF Market, by Country, 2017 – 2027 (US$ Mn)
8.4.1 Market Analysis
8.4.2 China
8.4.3 Japan
8.4.4 India
8.4.5 Rest of Asia Pacific

Chapter 9 Rest of the World (RoW) Aluminum Forging (AF) Market Analysis, 2017 – 2027 (US$ Mn)
9.1 Overview
9.2 RoW AF Market Analysis, by Product Type, 2017 – 2027 (US$ Mn)
9.2.1 Market Analysis
9.3 RoW AF Market Analysis, by Application, 2017 – 2027 (US$ Mn)
9.3.1 Market Analysis
9.4 RoW AF Market, by Region (US$ Mn)
9.4.1 Market Analysis
9.4.2 Middle East & Africa (MEA)
9.4.3 Latin America

Chapter 10 Company Profiles
10.1 Aichi Steel
10.2 Alcoa Corporation
10.3 Bharat Forge Limited
10.4 Nippon Steel Corporation
10.5 thyssenkrupp AG
10.6 Aluminum Precision Products
10.7 American Handforge
10.8 KITZ CORPORATION
10.9 Ellwood Group Inc.
10.10 Arconic Inc.

* Here we are using AF as a short form of Aluminum Forging

FIG. 1 Global Aluminum Forging (AF) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global AF Market Segmentation
FIG. 4 Global AF Market, by Product Type, 2018 (US$ Mn)
FIG. 5 Global AF Market, by Application, 2018 (US$ Mn)
FIG. 6 Global AF Market, by Geography, 2018 (US$ Mn)
FIG. 7 Attractive Investment Proposition, by Geography, 2018
FIG. 8 Market Positioning of Key AF Manufacturers, 2018
FIG. 9 Global AF Market Value Share, by Product Type, 2018 & 2027 (Value, %)
FIG. 10 Global Open Die Forging Market Value, 2017 – 2027 (US$ Mn)
FIG. 11 Global Close Die Forging Market Value, 2017 – 2027 (US$ Mn)
FIG. 12 Global Ring Rolled Forging Market Value, 2017 – 2027 (US$ Mn)
FIG. 13 Global AF Market Value Share, by Application, 2018 & 2027 (Value, %)
FIG. 14 Global AF Market Value from Aerospace, 2017 – 2027 (US$ Mn)
FIG. 15 Global AF Market Value from Automotive, 2017 – 2027 (US$ Mn)
FIG. 16 Global AF Market Value from Defense, 2017 – 2027 (US$ Mn)
FIG. 17 Global AF Market Value from Others (Construction, Mining, etc.), 2017 – 2027 (US$ Mn)

TABLE 1 Market Snapshot: Global Aluminum Forging (AF) Market Value
TABLE 2 North America AF Market Value, by Product Type, 2017 – 2027 (US$ Mn)
TABLE 3 North America AF Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 4 North America AF Market Value, by Country, 2017 – 2027 (US$ Mn)
TABLE 5 Europe AF Market Value, by Product Type, 2017 – 2027 (US$ Mn)
TABLE 6 Europe AF Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 7 Europe AF Market Value, by Country, 2017 – 2027 (US$ Mn)
TABLE 8 Asia Pacific AF Market Value, by Product Type, 2017 – 2027 (US$ Mn)
TABLE 9 Asia Pacific AF Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 10 Asia Pacific AF Market Value, by Country, 2017 – 2027 (US$ Mn)
TABLE 11 RoW AF Market Value, by Product Type, 2017 – 2027 (US$ Mn)
TABLE 12 RoW AF Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 13 RoW AF Market Value, by Region, 2017 – 2027 (US$ Mn)
TABLE 14 Aichi Steel: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 15 Alcoa Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 16 Bharat Forge Limited: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 17 Nippon Steel Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 18 thyssenkrupp AG: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 19 Aluminum Precision Products: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 20 American Handforge: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 21 KITZ CORPORATION: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 22 Ellwood Group Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 23 Arconic Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)

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