The global forging and stamping market is expected to decline from $259.2 billion in 2019 to $222.2 billion in 2020 at a compound annual growth rate (CAGR) of -14.3%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $258.9 billion in 2023.
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The forging and stamping market consists of sales by entities (organizations, sole traders and partnerships) primarily engaged in one or more of the following: manufacturing forgings from purchased metals, manufacturing metal custom roll forming products, manufacturing metal stamped and spun products (except automotive, cans, coins), and manufacturing powder metallurgy products.
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The forging and stamping market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the forging and stamping market are Magna International, ThyssenKrupp, Martinrea International, Harvey Vogel Manufacturing, Alcoa
The Global Forging And Stamping Market is segmented:
1) By Type: Iron And Steel Forging, Nonferrous Forging, Custom Roll Forming, Powder Metallurgy Part Manufacturing, Metal Crown, Closure, And Other Metal Stamping
2) By End User Industry: Automotive, Construction, Food & Beverage Packaging, Machinery, Metal Products, Others
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The forging and stamping market report describes and explains the global forging and stamping market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The forging and stamping report evaluates the market across each region and for the major economies within each region.
The countries covered in the global forging and stamping market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global forging and stamping market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Forging And Stamping Market Characteristics
- Forging And Stamping Market Product Analysis
- Forging And Stamping Market Supply Chain
- Key Mergers And Acquisitions In The Forging And Stamping Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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