Global Impression Die Forging Market is expected to reach US$ 31.1Bn by 2026 from US$ 18.2Bn in 2017 at CAGR of 6.9%.
Global Impression Die Forging Market is segmented by component, order type, metal type, end-user and region. A component is classified as landing gears, connecting rods, and crankshafts. Order type is sub-segmented into custom forging and catalogue. Metal type is divided into steel alloys, titanium, and nickel. An end user is split into aerospace, oil & gas, shipbuilding, and defence. Region-wise divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Impression-die forging is also called “closed-die forging”. Impression dies to forge is a metal distortion process where a pressure is utilized to compress a piece of metal to fill in an enclosed die impression. Impression die forging method is naturally used to manufacture more complex shapes than open-die forging. The forging components manufactured from impression die forging process is more precise and closer to the desired shape, often decreasing the need for subsequent machining. There has been a rise in demand for complex and innovative products in the fast developing end-user market. Equipment suppliers have focused on developing advanced products with automated closed die forging process. These new machines have the capability to forge extra-large size nickel- and titanium-based alloy parts for commercial aerospace applications.
On the based on order type, Custom forgings dominated the global market in 2017 and are estimated to grow at a CAGR of 5.3% during 2018-2026. Custom-forged mechanisms are used in aircraft, submarines, refineries, power-generating stations, spacecraft, processing plants, missiles, offshore oil rigs, pressure vessels, deep-sea submersibles, off-the-road equipment, scientific research equipment, and other specialized applications.
Based on the metal type, steel alloys are widely used in the market. In impression-die forging, the steel metal is placed in a die resembling a meld, which is attached to an anvil. Usually, the hammer die is shaped as well. The hammer is then left fall on the work piece, causing the metal to flow and fill the die cavities.
In terms of region, Asia Pacific has cornered the forging market in 2017 and is motivated to gain traction in the forecast period. Sharp growth in the automotive sector in India and China is said to positively impact the forging market in this region. India is measured as the most prominent region for forging market. Several of the major factors such as government initiatives for outsourcing their forged components and tie-ups with the potent automakers contribute in the growth of forging market in this district.
Major players operating in Global Impression Die Forging Market include ATI, Aubert & Duval, Bharat Forge Limited, Bifrangi SpA, Böhler Schmiedetechnik GmbH & Co KG, Ellwood Group Inc., Mahindra Forgings Europe AG, Maschinenfabrik Alfing Kessler GmbH, Nippon Steel & Sumitomo Metal, Riganti Spa, SAMMI Metal Products Co. Ltd, Siderforgerossi Group S.p.A, Siepmann-Werke GmbH & Co. KG, and ULMA Lazkao Forging.
Scope of the Global Impression Die Forging Market are,
Global Impression Die Forging Market, By Component
- Landing gears
- Connecting rods
- Crankshafts
Global Impression Die Forging Market, By Order type
- Custom forging
- Catalogue
Global Impression Die Forging Market, By Metal type
- Steel alloys
- Titanium
- Nickel
Global Impression Die Forging Market, By End user
- Aerospace
- Oil & gas
- Shipbuilding
- Defence
Global Impression Die Forging Market, By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Major players operating in Global Impression Die Forging Market include
- ATI
- Aubert & Duval
- Bharat Forge Limited
- Bifrangi SpA
- Böhler Schmiedetechnik GmbH & Co KG
- Ellwood Group Inc.
- Mahindra Forgings Europe AG
- Maschinenfabrik Alfing Kessler GmbH
- Nippon Steel & Sumitomo Metal
- Riganti Spa
- SAMMI Metal Products Co. Ltd
- Siderforgerossi Group S.p.A
- Siepmann-Werke GmbH & Co. KG
- ULMA Lazkao Forging.
About company information-
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
