Dallas, Texas (PRWEB) July 09, 2014
The need to minimize overall costs is one of the major reasons for outsourcing forging activities to low-cost countries. Many of the low-cost countries in the APAC region and Eastern Europe have emerged as preferred destinations for companies operating in the Global Forging industry . In the APAC region, Vietnam, Taiwan, India, and China are the most preferred low-cost countries while in Eastern Europe, the Czech Republic, Hungary, and Poland are some of the major low-cost countries in this industry.
Analysts forecast the Global Forging industry will grow at a CAGR of 9.73 percent over the period 2014-2018. According to the report, the Automotive industry is the largest end-user of products manufactured by the Global Forging industry and growth in the Commercial Vehicles segment of the Automotive industry is one of the major drivers of the Global Forging industry. The increase in infrastructure spending in developed countries has pushed up demand for commercial vehicles, which has led to greater demand for forged products.
This report covers the present scenario and the growth prospects of the Global Forging industry for the period 2014-2018. The Global Forging industry can be divided into four major segments: Closed Die, Press, Upset Forging, Open Die Forging, Cold Forging, and Closed Die Forging for Non-ferrous Metals.
Global Forging Industry 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC and EMEA regions and the Americas; it also covers the Global Forging industry landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The report recognizes the following companies as the key players in Global Forging Industry: Bharat Forged Ltd., Nippon Steel and Sumitomo Metal Corp., Thyssen Krupp AG, Aichi Steel Corp., Alcoa Inc., Allegheny Technologies Inc., KITZ Corp., Mahindra Forging Ltd., Schuler AG, SNT Corp.
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Key Market Driver
Key Market Challenge
Key Market Trend
Further, the report states that stricter rules and regulations for the Global Forging industry is one of the major challenges because most of the environmental and workplace safety laws have an adverse effect on the industry.
Key Questions Answered in this Report
Table of Contents
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
03.1 Market Overview
03.2 Product Offerings
04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology
06. Market Landscape
06.1 Market Overview
06.2 Market Size and Forecast
06.2.1 Global Forging Industry by Production Output
06.2.2 Global Forging Industry by Revenue
06.3 Five Forces Analysis
07. Market Segmentation by Technology
08. Market Segmentation by End-users
09. Geographical Segmentation
10. Key Leading Countries
11. Buying Criteria
12. Market Growth Drivers
13. Drivers and their Impact
14. Market Challenges
15. Impact of Drivers and Challenges
16. Market Trends
17. Trends and their Impact
18. Vendor Landscape
19. Key Vendor Analysis
List of Exhibits:
Exhibit 1: Market Research Methodology
Exhibit 2: Market Overview: Global Forging Industry
Exhibit 3: Global Forging Industry by Production Output 2013-2018 (million metric ton)
Exhibit 4: Global Forging Industry 2013-2018 (US$ billion)
Exhibit 5: Global Forging Industry by Closed Die, Press, and Upset Forging 2013-2018 (million metric ton)
Exhibit 6: Global Forging Industry by Open Die Forging 2013-2018 (million metric ton)
Exhibit 7: Global Forging Industry by Cold Forging 2013-2018 (million metric ton)
Exhibit 8: Global Forging Industry by Closed Die Forging for Non-Ferrous Metals 2013-2018 (million metric ton)
Exhibit 9: Automotive Industry in the Global Forging Industry 2013-2018 (million metric ton)
Exhibit 10: Engineering Machinery Industry in the Global Forging Industry 2013-2018 (million metric ton)
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