Report ID: CMR610772 | Edition: 7th Global Edition
| The base year for the calculation is 2023 and 2018 to 2023 will be historical period. The year 2023 will be estimated one while the forecasted data will be from year 2023 to 2028. When we deliver the report that time we updated report data till the purchase date. PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access. |
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According to Cognitive Market Research, The Global Casting Forging and Stamping market size was USD 448.9 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 5.90% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2018-2023 |
Forecast Period | 2023-2030 |
Global Casting Forging and Stamping Market Sales Revenue 2022 | $ 448.9 Billion |
Global Casting Forging and Stamping Market Compound Annual Growth Rate (CAGR) for 2023 to 2030 | 5.9% |
Casting Forging and Stamping Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The primary factor driving market expansion is the rise in industrial applications. The market for metal stampings is evolving, and its more advanced technological capabilities are beginning to outpace other production processes. The global market for metal stampings, forgings, and castings is projected to be positively impacted by increased demand for product customization. Demand is also projected to increase throughout the forecast period because of the growing need for cast metal for lightweight and fuel-efficient cars to minimize carbon emissions in sectors like aerospace and automotive.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the casting, forging and stamping industry.
For instance, Orlando Spring Corporation announced in October 2021 that it had acquired the metal stamping assets of Advanex Americas, greatly expanding Orlando Spring's stamping capabilities.
Effective performance has been a significant market driver for casting, forging and stamping. The desire for steel in the building, automotive, and aerospace industries is the main cause of the steel material segment's dominance in the market. Heavy loads can be supported by steel components that have been stamped or forged. There are numerous alloys and compositions available for steel. This enables producers to alter their products' attributes to suit particular needs.
The aerospace and defense industries will use a new variety of forged materials with exceptional strength and endurance starting in July 2021, according to ATI Ladish Forging.
(Source:www.forgings.bz/ati/)
Developing sophisticated die designs with incorporated sensors and actuators will enable real-time feedback and control during stamping operations. These intelligent dies can monitor and adjust variables like pressure, temperature, and lubrication, improving process control, increasing component quality, and reducing scrap rates.
The constraints of access to plastic and composite materials constrain the casting forging and stamping market. A significant barrier to industry expansion is the accessibility of plastic and composite materials as alternatives. Plastic and fiber progressively replace metal in several industrial product components due to their lightweight and corrosion-resistant qualities. In the automobile sector, for instance, plastic is used to create a range of exterior vehicle components, including beams, body panels, floor panels, air ducts, and resonators, among others.
Plastics are less expensive than metal and may be molded into intricate patterns. Reusable plastics are more popular with consumers since they last longer than disposable metal items. Metal devices decay due to interference from organic substances, whereas plastics can tolerate pressures and last longer than metallic devices due to their structural integrity and malleability.
The COVID-19 pandemic significantly impacted the casting, forging, and stamping market. The epidemic hampered Supply networks, resulting in a lack of raw materials and parts. The epidemic also decreased demand for manufactured goods as businesses shuttered and individuals reduced their spending. The market for casting, forging, and stamping is anticipated to rebound and expand in the upcoming years despite the difficulties brought on by the pandemic. The expansion of the aerospace, automotive, and construction sectors is fueling the industry. The automobile industry is the greatest market for castings, forgings, and stampings, which is anticipated to expand in the years to come.
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Global Casting Forging and Stamping Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Casting Forging and Stamping Industry growth. Casting Forging and Stamping market has been segmented with the help of its Product, Application Material, and others. Casting Forging and Stamping market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, metal stampings are utilized most frequently in the market for casting, forging and stamping. Due to its ability to produce large quantities of parts at a low cost while maintaining a high level of quality, the metal stampings market segment commands a significant market share. Stampings of metals are highly mechanized. As a result, productivity rates increase, and efficiency is enhanced. These provide design and tooling freedom. It is relatively simple to design and modify the stamping dies.
Forgings is the second-most used product. While metal stamping rules the market, forgings are still necessary for some casting, forging and stamping. Because of their strength, low weight, and dependability, large aluminum alloy forgings are highly prized in the aircraft sector. The rising global demand for airplanes is driving the need for planes. The aircraft sector has many possible uses for forged metals. As a result, the expanding aircraft sector is projected to support the growth of the metal forging market.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Casting Forging and Stamping Industry. Request a Free Sample PDF!
The automotive has the most popular offering, and this is due to consumer demand for lighter, stronger cars, which calls for the usage of premium metal parts that are created to exacting standards. The construction sector will probably grow in the upcoming years due to rising global infrastructure spending. Industrial machinery sales will account for most of the market revenue over the projection period.
The casting, forging and stamping for aerospace offering ranks second in usage. The aerospace, electrical, and electronics industries are all expected to experience significant growth in the future. This is because there will be a rise in the need for electrical devices, engine parts, and landing gears. The telecommunications application segment is expected to increase faster than others due to the rising need for wireless devices and sensors.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Casting Forging and Stamping market report 2023 Edition by contacting our team.
Steel is the casting forging and stamping market's most popular offering. Steel has been utilized for millennia in various industries, including manufacturing, transportation, and construction. It is a dependable substance that can survive extreme heat, pressure, and wear and tear, making it perfect for demanding and important applications. Steel is easily produced and customized to fit various requirements and specifications. This increases its adaptability and appeal on the global market.
According to Cognitive Market Research, aluminum is the second-most popular product. It is anticipated that there will be an increase in demand for castings made of non-ferrous metals and aluminum. Ferro-alloy castings for non-ferrous metals are also predicted to increase in popularity. These patterns could lead to the creation of brand-new, exciting market opportunities.
According to Cognitive Market Research, automotive has the most popular offering; the automobile sector primarily drives the casting, forging, and stamping market. One of the major elements promoting this rise is the rising demand for lightweight automobiles. In light of growing environmental concerns, lightweight vehicles are crucial since they are more fuel-efficient and emit less emissions.
The casting, forging and stamping for aerospace & defense offerings rank second in usage. Casting, forging, and stamping are all utilized in the aerospace and defense industries to create a wide range of parts, such as engine parts, structural components, and landing gear. These parts must be resilient to hostile environments, lightweight, sturdy, and durable.
According to Cognitive Market Research, Asia Pacific dominated the market in 2022 and accounted for a share of more than 35% of the global revenue due to several variables. The Asia Pacific region dominates the market for casting, forging and stamping. The region is expected to grow significantly because sectors including automotive, electronics, aerospace and defense, are consuming more and more. Furthermore, the region's strong economy and significant presence of multinational firms create a considerable demand for casting, forging and stamping, which promotes global trade and business growth. China's metal stamping, forging, and casting industry is also expected to rule the world. This is due to its extensive steel-producing infrastructure. Low labor costs are another factor fueling market expansion. A major center for manufacturing has emerged in China. Several major corporations are being drawn to establish production plants. To make China a manufacturing superpower, the government is establishing programs like "Made in China 2025." Through these programs, industries are being upgraded with cutting-edge manufacturing technologies. Metal stampings, forgings, and castings are therefore anticipated to increase in popularity.
North America is the second largest region. The biggest consumer of metal parts in North America is the auto sector. The market for casting, forging, and stamping in this sector is expanding due to the rising demand for lightweight automobiles, which require more metal components. Another significant user of metal parts in North America is the aircraft sector. The market for casting, forging, and stamping in this sector is expanding as a result of the rising demand for commercial and military aircraft.
The current report Scope analyzes Casting Forging and Stamping Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Casting Forging and Stamping Market is witnessing significant growth in the near future.
In 2023, the Metal Stamping segment accounted for noticeable share of global Casting Forging and Stamping Market and is projected to experience significant growth in the near future.
The Automotive segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Alcoa Corporation , Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Senior Analyst at Cognitive Market Research
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.
Why Metal Stamping have a significant impact on Casting Forging and Stamping market? |
What are the key factors affecting the Metal Stamping and Forgings of Casting Forging and Stamping Market? |
What is the CAGR/Growth Rate of Automotive during the forecast period? |
By type, which segment accounted for largest share of the global Casting Forging and Stamping Market? |
Which region is expected to dominate the global Casting Forging and Stamping Market within the forecast period? |
Industry segmentation can be altred as per your needs. For example, we can proivde cross slipt between Metal Stamping with Application, Material, additional country analysis, volume/consumption data, etc.
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Top Manufacturers Disclosed |
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Global, Regional and Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Casting Forging and Stamping industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Segmentation Level Customization | |
Global level Data Customization | |
Region level Data Customization | |
Country level Data Customization | |
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Service Level Customization | Report Format Alteration |
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This chapter helps you to understand the importance of report and how we designed the report scope of Casting Forging and Stamping market. As per your requirement we can also design the market scope as a customised report.
This chapter provides insights on our data collection and data validation process. It covers detailed information on wide range of sources referred during the study.
At Cognitive Market Research, we have designed questionnaire focused on Casting Forging and Stamping Market for the statistical study. This questionnaire is the key part of our research methodology which is shared with number of Casting Forging and Stamping industry experts of entire value chain, located across the globe. This study help us to gather accurate quantitative and qualitative data for the final report.
The executive summary is an overview of a Casting Forging and Stamping Market Report. In this chapter we have summarized the overall report data in snapshot format.
This chapters incorporated product description overview and regional sales statistics for the year 2018-2030.
This chapter covers a competitive analysis of the global Casting Forging and Stamping market, and it includes quantitative information such as revenue and market share of the manufacturers. The chapter also includes information regarding the strategies adopted by the manufacturers such as mergers, acquisitions, and new product launches.
ESG analysis is the consideration of all factors in investment including environmental, social, and governance (ESG) factors. ESG integration is key part of the investment process. ESG analysis helps to measure company’s goals and progress when it comes to climate change, social improvement and good governance.
This chapter helps you understand the Market Drivers, Market Restrain, Market Opportunity and Trends by each segment.
This segment of the report provides in-depth and pertinent information on every foremost player in the market through both primary and secondary research. The Company Basic Information, and Sales Area chapter includes ten or more key players, which are dominating the market. Each company profile includes demystifying professional information in a tabular format, which comprises the company’s official website, established year, market position, geographical presence, competitors, and contact information. Further, company profiling includes an in-detailed business overview, COVID-19 impact on the particular firm, product type specifications, revenue & market share, and recent developments done by the company for its inorganic development, such as mergers, strategic acquisitions, partnerships, and others. Besides, profiling includes the company’s investment in research and development activities. The recent innovative product launches, business expansion, investments done by the company in different markets, and other news are also available in the company profiling section. At last, it provides the company’s business strategy and SWOT analysis.
This chapter covers in-detailed insights regarding type segments to understand consumer interests and provide a revenue stream for each type. Type segment analysis help in making a better business decision to maximize profitability by focusing resources on those market type that are relatively favorable to their goals.
This chapter covers in-detailed insights regarding type segments to understand consumer interests and provide a revenue stream for each type. Type segment analysis help in making a better business decision to maximize profitability by focusing resources on those market type that are relatively favorable to their goals.
This chapter covers in-detailed insights regarding type segments to understand consumer interests and provide a revenue stream for each type. Type segment analysis help in making a better business decision to maximize profitability by focusing resources on those market type that are relatively favorable to their goals.
This chapter covers in-detailed insights regarding type segments to understand consumer interests and provide a revenue stream for each type. Type segment analysis help in making a better business decision to maximize profitability by focusing resources on those market type that are relatively favorable to their goals.
This chapter categorizes detailed perceptions into an application segment based on end users’ needs, and preferences to understand their requirements and purchasing patterns effectively. It analyzes the current trends of the market that mainly consists of information related to new product use, trends in consumer demand, and available close substitutes of the product.
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Casting Forging and Stamping market
Top Companies Market Share in Casting Forging and Stamping Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables..
The corporations are concentrating on cost-cutting initiatives and efficiency enhancements to stay competitive in the global market. Implementing cutting-edge technology, optimizing production procedures, and providing clients value-added services. Firms can use Several important tactics to keep their market share and promote industry growth.
February 2023: A contract between state-owned Bharat Forge Limited and HAL focuses on creating aerospace-grade steel alloys to cast, forge, or stamp tougher components.
(Source:www.bharatforge.com/assets/pdf/press_reports/2023/Bharat%20Forge_HAL_CoverageReport.pdf)
July 2021: New high-strength and toughness forged materials have been introduced, according to ATI Ladish Forging, for use in the aerospace and defense sectors.
(Source:www.atimaterials.com/forgedproducts/Pages/default.aspx)
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We have listed the discounted pricing including Tax/es. Please kindly note, report pricing and data inclusion depends upon the selection of the report edition + user license. Hence, please kindly choose an appropriate user license depending upon the number of users or employees are going to utilize the report data or the as per the need of the data/consultation services. To know more contact us.
Global Report Edition includes data about 5 major regions and a total of 36 countries. Please refer to the Table of Contents tab. If you require customized data our research team will assist you and provide you with an exclusive report edition delivery. You can also purchase regional and country-level data edition/s. Please get in contact with us prior to making a purchase sales@cognitivemarketresearch.com.
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The country specific report edition and the respective table of content will be delivered to you as per your enquiry or you can refer the following link for the same.
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