Forging market in North America
Forging is a manufacturing process for shaping metals using compressive forces. Cold forging and warm (or hot) forging are the two main forging processes. Forging can be exercised as ferrous (aluminium and titanium) forging and non-ferrous forging. It is carried out through either impression die, open die, or rolled rings. Forged metal components are widely used in the automotive, aerospace, construction, oil and gas, agriculture, shipbuilding, steel, bearing, and power industries.
North America’s demand for forging was valued at USD 11.75 billion in 2014 is expected to reach USD 15.41 billion by 2020, growing at a CAGR of 4.76%. In terms of volume, the North America forging market stood at 23.30 million tons in 2014
Impression die forging dominated the North America market with more than a 60% share in 2014. However, rolled rings die forging is expected to see the fastest CAGR during the forecast period. Rolled rings forging is growing due to increased demand from the automotive, aviation and oil and gas industry is growing. The aerospace industry dominates demand for rolled rings forging equipment market in North America.
The forging market in North America is segmented in terms of application as; the automotive industry, aerospace industry, oil and gas industry, and other applications. The automotive industry is one of the applications contributing to the growth of the market. Strong demand for impression die forging equipment from the automotive industry is expected to boost demand in the years to come.
The key players for forging market in North America include Alcoa, American Axle & Manufacturing Holdings, and Precision Castparts. The others prominent players for the forging market in North America include Ellwood Group, ATI Ladish Forging, FRISA, General Dynamics Ordnance & Tactical Systems, HHI Forging, Patriot Forge, Scot Forge, Sumitomo, Sypris Solutions, ThyssenKrupp.
Featured articles
Check out some of the best features and news from Designing Buildings as well as key stories from around the web.
Bridging the gap between clients and contractors
Concerns remain around contractor quality, capability, and delivery.
Construction Management, 10 June.
Heat pumps beat boilers in new home tests.
Building Safety Act implementation in Wales
CIAT to host industry panel on 26 June.
New and updated CLC building safety guidance.
New UK National Buildings Database.
Building Safety Wiki Interviews
Chief executive of the British Woodworking Federation.
Planning condition discharge in England and Wales
A brief explanation from a building compliance expert, with further links.
Overheating guidance and tools for building designers
Guidance for dealing with element of building fabric control that have increasing importance.
Shading for housing, a design guide
From the Good Homes Alliance and British Blind and Shutter Association.
UK Standard Skills Classification (SSC)
A shared framework for describing skills needs.
Social media ban consultation comes to close
CIOB urges UK Government to consider social media’s role in careers guidance in ban debate.
Comments
Hi,
I visit your page and find much valuable information for my blog too as i am working on it.
well i like your article too on Forging.
Thanks