In most of the impression die forging processes, a succession of impression dies are used to modify the material into the final desired shape or form. This process involves two dies, each containing a single impression or a series of multiple impressions that cut into each die. Typically, the bottom die is fixed in a set position and the upper die is generally raised at a height. While they are separated, desired quantity of metal is heated to a particular temperature and is positioned between them. Extreme amount of force is then applied to deform the metal, and it is forced to flow into the die chambers while the excess is removed. Two types of pressing equipment are generally used for impression die forging process: mechanical forging and hydraulic forging.
Market Analysis and Insights: Global Impression Die Forging Market
Due to the COVID-19 pandemic, the global Impression Die Forging market size is estimated to be worth US$ 17770 million in 2022 and is forecast to a readjusted size of US$ 21090 million by 2028 with a CAGR of 2.9% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Steel accounting for % of the Impression Die Forging global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Aerospace segment is altered to an % CAGR throughout this forecast period.
By geography, Asia-Pacific generated the maximum revenue, followed by North America. China is one of the largest producers of forgings, and has developed them with high precision and efficiency.
Global Impression Die Forging Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Impression Die Forging Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Steel
Titanium Alloys
Iron-based Heat-resistant Alloys
Nickel-Based Alloys
Others
Segment by Application
Aerospace
Oil & Gas
Shipbuilding
Construction Equipment
Railways
Defense
Others
By Company
ATI
Aubert & Duval
Bharat Forge
Bifrangi
Böhler Schmiedetechnik
Ellwood Group
Mahindra Forgings Europe
Maschinenfabrik Alfing Kessler
Nippon Steel & Sumitomo Metal
Riganti
SAMMI Metal Products
Siderforgerossi Group
Siepmann-Werke
ULMA Lazkao Forging
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina