Forging Market in North America 2022-2026

The publisher has been monitoring the forging market in North America and it is poised to grow by $ 3.45 bn during 2022-2026, progressing at a CAGR of 4.34% during the forecast period. This report on the forging market in North America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by the benefits of forging over casting and rising need for superior quality products.

The forging market in North America analysis includes end-user and type segments and geographic landscape.

The publisher's forging market in North America is segmented as below:

By End-user

Automotive
Aerospace
Others

By Type

Closed die forging
Open die forging
Seamless rings

By Geographical Landscape

US
Mexico
Canada

This study identifies the cost-effectiveness of forgingas one of the prime reasons driving the forging market growth in North America during the next few years.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

This report on forging market in North America covers the following areas:

Forging market sizing
Forging market forecast
Forging market industry analysis

The publisher's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading forging market vendors in North America that include Alcoa Corp., Allegheny Technologies Inc., Aluminum Precision Products, American Axle and Manufacturing Inc., Asahi Forge Corp., Berkshire Hathaway Inc., ELLWOOD Group Inc., FRISA INDUSTRIAS SA de CV, Park-Ohio Holdings Corp., and Scot Forge Co.. Also, the forging market in North America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The publisher's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

1. Executive Summary

2. Market Landscape

2.1 Market ecosystem
Exhibit 01: Parent market
2.2 Market Characteristics
2.3 Value chain analysis
Exhibit 10: Value chain analysis
2.2.1 Inputs
2.2.2 Operations
2.2.3 Mine development and extraction
2.2.4 Outbound logistics
2.2.5Marketing and sales
2.2.6End-user industries
2.2.7Support activities
2.2.8Innovations

3. Market Sizing

3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 13: Global - Market size and forecast 2021 - 2026 ($ million)
Exhibit 14: Global market: Year-over-year growth 2021 - 2026 (%)

4. Five Forces Analysis

4.1 Five Forces Summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
Exhibit 21: Market condition - Five forces 2021

5. Market Segmentation by End-user

5.1 Market segments

The segments covered in this chapter are:
Automotive
Aerospace
Others

Exhibit 22: End-user - Market share 2021-2026 (%)
5.2Comparison by End-user
Exhibit 23: Comparison by End-user
5.3Automotive - Market size and forecast 2021-2026
Exhibit 24: Automotive - Market size and forecast 2021-2026 ($ million)
Exhibit 25: Automotive - Year-over-year growth 2021-2026 (%)
5.4Aerospace - Market size and forecast 2021-2026
Exhibit 26: Aerospace - Market size and forecast 2021-2026 ($ million)
Exhibit 27: Aerospace - Year-over-year growth 2021-2026 (%)
5.5Others - Market size and forecast 2021-2026
Exhibit 28: Others - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Others - Year-over-year growth 2021-2026 (%)
5.6Market opportunity by End-user
Exhibit 30: Market opportunity by End-user

6. Market Segmentation by Type

6.1Market segments

The segments covered in this chapter are:
Closed die forging
Open die forging
Seamless rings

Exhibit 31: Type - Market share 2021-2026 (%)
6.2Comparison by Type
Exhibit 32: Comparison by Type
6.3Closed die forging - Market size and forecast 2021-2026
Exhibit 33: Closed die forging - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Closed die forging - Year-over-year growth 2021-2026 (%)
6.4Open die forging - Market size and forecast 2021-2026
Exhibit 35: Open die forging - Market size and forecast 2021-2026 ($ million)
Exhibit 36: Open die forging - Year-over-year growth 2021-2026 (%)
6.5Seamless rings - Market size and forecast 2021-2026
Exhibit 37: Seamless rings - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Seamless rings - Year-over-year growth 2021-2026 (%)
6.6Market opportunity by Type
Exhibit 39: Market opportunity by Type

7. Customer landscape

7.1Overview
Exhibit 40: Customer landscape

8. Geographic Landscape

8.1Geographic segmentation
Exhibit 41: Market share By Geographical Landscape 2021-2026 (%)
8.2Geographic comparison
Exhibit 42: Geographic comparison
8.3US - Market size and forecast 2021-2026
Exhibit 43: US - Market size and forecast 2021-2026 ($ million)
Exhibit 44: US - Year-over-year growth 2021-2026 (%)
8.4Mexico - Market size and forecast 2021-2026
Exhibit 45: Mexico - Market size and forecast 2021-2026 ($ million)
Exhibit 46: Mexico - Year-over-year growth 2021-2026 (%)
8.5Canada - Market size and forecast 2021-2026
Exhibit 47: Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Canada - Year-over-year growth 2021-2026 (%)
8.6Market opportunity By Geographical Landscape
Exhibit 49: Market opportunity By Geographical Landscape ($ million)

9. Drivers, Challenges, and Trends

9.1Market drivers
9.1.1Benefits of forging over casting
9.1.2Rising need for superior quality products
9.1.3Forging, a cost-effective metal forming technique
9.2Market challenges
9.2.1Growing popularity of latest casting technologies
9.2.2Lack of skilled workforce
9.2.3Rising environmental concerns
Exhibit 50: Impact of drivers and challenges
9.3Market trends
9.3.1Development of all-in-one 3D printing, casting, and forging technique
9.3.2Application of robotics to enhance forging operations
9.3.3Technological innovations

10. Vendor Landscape

10.1 Competitive scenario
10.2 Vendor landscape
Exhibit 40: Vendor Landscape
10.3 Landscape disruption
Exhibit 41: Landscape disruption
10.4 Industry risks
Exhibit 42: Industry risks

11. Vendor Analysis

11.1 Vendors covered
Exhibit 43: Vendors covered
11.2 Market positioning of vendors
Exhibit 51: Market positioning of vendors
11.3Alcoa Corp.
Exhibit 56: Alcoa Corp. - Overview
Exhibit 57: Alcoa Corp. - Business segments
Exhibit 58: Alcoa Corp. - Key news
Exhibit 59: Alcoa Corp. - Key offerings
Exhibit 60: Alcoa Corp. - Segment focus
11.4Allegheny Technologies Inc.
Exhibit 61: Allegheny Technologies Inc. - Overview
Exhibit 62: Allegheny Technologies Inc. - Business segments
Exhibit 63: Allegheny Technologies Inc. - Key offerings
Exhibit 64: Allegheny Technologies Inc. - Segment focus
11.5Aluminum Precision Products
Exhibit 65: Aluminum Precision Products - Overview
Exhibit 66: Aluminum Precision Products - Product and service
Exhibit 67: Aluminum Precision Products - Key offerings
11.6American Axle and Manufacturing Inc.
Exhibit 68: American Axle and Manufacturing Inc. - Overview
Exhibit 69: American Axle and Manufacturing Inc. - Business segments
Exhibit 70: American Axle and Manufacturing Inc.- Key news
Exhibit 71: American Axle and Manufacturing Inc. - Key offerings
Exhibit 72: American Axle and Manufacturing Inc. - Segment focus
11.7Asahi Forge Corp.
Exhibit 73: Asahi Forge Corp. - Overview
Exhibit 74: Asahi Forge Corp. - Product and service
Exhibit 75: Asahi Forge Corp. - Key offerings
11.8Berkshire Hathaway Inc.
Exhibit 76: Berkshire Hathaway Inc. - Overview
Exhibit 77: Berkshire Hathaway Inc. - Business segments
Exhibit 78: Berkshire Hathaway Inc. - Key offerings
Exhibit 79: Berkshire Hathaway Inc. - Segment focus
11.9ELLWOOD Group Inc.
Exhibit 80: ELLWOOD Group Inc. - Overview
Exhibit 81: ELLWOOD Group Inc. - Product and service
Exhibit 82: ELLWOOD Group Inc. - Key news
Exhibit 83: ELLWOOD Group Inc. - Key offerings
11.10FRISA INDUSTRIAS SA de CV
Exhibit 84: FRISA INDUSTRIAS SA de CV - Overview
Exhibit 85: FRISA INDUSTRIAS SA de CV - Product and service
Exhibit 86: FRISA INDUSTRIAS SA de CV - Key offerings
11.11Park-Ohio Holdings Corp.
Exhibit 87: Park-Ohio Holdings Corp. - Overview
Exhibit 88: Park-Ohio Holdings Corp. - Business segments
Exhibit 89: Park-Ohio Holdings Corp. - Key news
Exhibit 90: Park-Ohio Holdings Corp. - Key offerings
Exhibit 91: Park-Ohio Holdings Corp. - Segment focus
11.12Scot Forge Co.
Exhibit 92: Scot Forge Co. - Overview
Exhibit 93: Scot Forge Co. - Product and service
Exhibit 94: Scot Forge Co. - Key offerings

12. Appendix

12.1 Scope of the report
12.1.1 Market definition
12.1.2 Objectives
12.1.3 Notes and caveats
12.2 Currency conversion rates for US$
Exhibit 82: Currency conversion rates for US$
12.3 Research Methodology
Exhibit 83: Research Methodology
Exhibit 84: Validation techniques employed for market sizing
Exhibit 85: Information sources

List of Exhibits

1: Key Finding 1
2: Key Finding 2
3: Key Finding 3
4: Key Finding 5
5: Key Finding 6
6: Key Finding 7
7: Key Finding 8
8: Parent market
9: Market characteristics
10: Offerings of vendors included in the market definition
11: Market segments
12: Global - Market size and forecast 2021 - 2026 ($ million)
13: Global market: Year-over-year growth 2021 - 2026 (%)
14: Five forces analysis 2021 & 2026
15: Bargaining power of buyers
16: Bargaining power of suppliers
17: Threat of new entrants
18: Threat of substitutes
19: Threat of rivalry
20: Market condition - Five forces 2021
21: End-user - Market share 2021-2026 (%)
22: Comparison by End-user
23: Automotive - Market size and forecast 2021-2026 ($ million)
24: Automotive - Year-over-year growth 2021-2026 (%)
25: Aerospace - Market size and forecast 2021-2026 ($ million)
26: Aerospace - Year-over-year growth 2021-2026 (%)
27: Others - Market size and forecast 2021-2026 ($ million)
28: Others - Year-over-year growth 2021-2026 (%)
29: Market opportunity by End-user
30: Type - Market share 2021-2026 (%)
31: Comparison by Type
32: Closed die forging - Market size and forecast 2021-2026 ($ million)
33: Closed die forging - Year-over-year growth 2021-2026 (%)
34: Open die forging - Market size and forecast 2021-2026 ($ million)
35: Open die forging - Year-over-year growth 2021-2026 (%)
36: Seamless rings - Market size and forecast 2021-2026 ($ million)
37: Seamless rings - Year-over-year growth 2021-2026 (%)
38: Market opportunity by Type
39: Customer landscape
40: Market share By Geographical Landscape 2021-2026 (%)
41: Geographic comparison
42: US - Market size and forecast 2021-2026 ($ million)
43: US - Year-over-year growth 2021-2026 (%)
44: Mexico - Market size and forecast 2021-2026 ($ million)
45: Mexico - Year-over-year growth 2021-2026 (%)
46: Canada - Market size and forecast 2021-2026 ($ million)
47: Canada - Year-over-year growth 2021-2026 (%)
48: Key leading countries
49: Market opportunity By Geographical Landscape ($ million)
50: Impact of drivers and challenges
51: Vendor landscape
52: Landscape disruption
53: Industry risks
54: Vendors covered
55: Market positioning of vendors
56: Alcoa Corp. - Overview
57: Alcoa Corp. - Business segments
58: Alcoa Corp. - Key offerings
59: Alcoa Corp. - Key customers
60: Alcoa Corp. - Segment focus
61: Allegheny Technologies Inc. - Overview
62: Allegheny Technologies Inc. - Business segments
63: Allegheny Technologies Inc. - Key offerings
64: Allegheny Technologies Inc. - Key customers
65: Allegheny Technologies Inc. - Segment focus
66: Aluminum Precision Products - Overview
67: Aluminum Precision Products - Product and service
68: Aluminum Precision Products - Key offerings
69: Aluminum Precision Products - Key customers
70: Aluminum Precision Products - Segment focus
71: American Axle and Manufacturing Inc. - Overview
72: American Axle and Manufacturing Inc. - Business segments
73: American Axle and Manufacturing Inc. - Key offerings
74: American Axle and Manufacturing Inc. - Key customers
75: American Axle and Manufacturing Inc. - Segment focus
76: Asahi Forge Corp. - Overview
77: Asahi Forge Corp. - Product and service
78: Asahi Forge Corp. - Key offerings
79: Asahi Forge Corp. - Key customers
80: Asahi Forge Corp. - Segment focus
81: Berkshire Hathaway Inc. - Overview
82: Berkshire Hathaway Inc. - Business segments
83: Berkshire Hathaway Inc. - Key offerings
84: Berkshire Hathaway Inc. - Key customers
85: Berkshire Hathaway Inc. - Segment focus
86: ELLWOOD Group Inc. - Overview
87: ELLWOOD Group Inc. - Product and service
88: ELLWOOD Group Inc. - Key offerings
89: ELLWOOD Group Inc. - Key customers
90: ELLWOOD Group Inc. - Segment focus
91: FRISA INDUSTRIAS SA de CV - Overview
92: FRISA INDUSTRIAS SA de CV - Product and service
93: FRISA INDUSTRIAS SA de CV - Key offerings
94: FRISA INDUSTRIAS SA de CV - Key customers
95: FRISA INDUSTRIAS SA de CV - Segment focus
96: Park-Ohio Holdings Corp. - Overview
97: Park-Ohio Holdings Corp. - Business segments
98: Park-Ohio Holdings Corp. - Key offerings
99: Park-Ohio Holdings Corp. - Key customers
100: Park-Ohio Holdings Corp. - Segment focus
101: Scot Forge Co. - Overview
102: Scot Forge Co. - Product and service
103: Scot Forge Co. - Key offerings
104: Scot Forge Co. - Key customers
105: Scot Forge Co. - Segment focus
106: Currency conversion rates for US$
107: Research Methodology
108: Validation techniques employed for market sizing
109: Information sources
110: List of abbreviations