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Stainless Steel Forgings Market, By Product (Cold/Hot Forged Parts, Casting, and Sintered Parts), By Application and Geography (North America, Europe, Asia Pacific, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

179 Pages | Published Date : June 2019 | Report Code: AV308 | Report Format: PDF

REPORT HIGHLIGHT

The stainless steel forgings market was valued at USD 8.51 billion by 2017, growing with 5.3% CAGR during the forecast period, 2018-2025.

Market Dynamics

Forgings made from stainless steel are highly in demand mainly due to the increasing manufacturing activity throughout the world. Stainless steel has incredible capability to endure from electrical, physical, and chemical agents which in turn is catalyzing the surge of this industry. The high recycling capacity offered by stainless steel is driving the demand for these products. The increasing application of these products in the segments of industrial and aviation applications is serving as a growth opportunity for these products. It is expected that the forges made of aluminum and plastic compounds pose a great threat to the growth of these products.

There is a rise in the construction industry of emerging economies due to the increase in government spending on infrastructure, which is expected to increase the demand for these products. It is expected that the fluctuating prices of raw materials such as nickel and iron ore will impact the growth of the industry.

Application Takeaway

Segmentation of the global market has been done on the basis of applications such as industrial, building & construction, aerospace, automotive, consumer goods, and others. Among these industrial captured the largest segment in 2015. The favorable properties of forged stainless steel parts, such as strength and durability, are driving the demand for these products in this segment of applications. The growing demand for light forged products with greater resistance to wear and tear is driving growth.

The versatility of the product in terms of properties like size and shape and make it an ideal component for the manufacture of stop hook discs, brakes holder, wheels, struts of the landing gear, hinges, engine mounts, beams, axles, cylinders, roots and wing spars, and bulkheads.

Product Takeaway

Based on product, the market is bifurcated into cold/hot forged parts, castings and sintered parts. Among these cold/hot forged parts are dominating the market and is estimated to continue this boom with a CAGR of over 4.0%. The growth is attributed to the increasing reliance of construction and automotive industry on stainless steel products. Sintered parts are quite niche and because of their electrical and thermal conductivity will make them suitable for industrial applications in forecast period.

Regional Takeaway

The steady increase in the manufacturing processes of countries in the Asia Pacific region like China, India, and Japan will bolster the market in this region. North America’s forged stainless steel market is driven by strong demand from the automotive industry. The aerospace manufacturing industry in this region is also growing rapidly due to the growing need for defense aircraft. Eastern Europe is experiencing a widespread demand for steel forgings due to steady increase in the number of manufacturing industries. The main countries that lead the consumption of forged parts are Germany, the United Kingdom, and France due to the presence of the main manufacturers in these countries. 

Key Vendors Takeaway

The companies in the market are moderately competitive with a presence in all the key regions of the world. Key vendors of this market are ISGEC Heavy Engineering Ltd, Investacast, Ecosteel, Scot Forge, Canada Forgings, Accurate Steel Forgings, Sinteris, Sintex, PCC Forged Products, The Reserve Group, Harihar Alloys Private Limited, and Forge Products Corporation.

The existence of a large number of competent local vendors is also increasing competition in the market. Macroeconomic factors, such as oil and gas prices and a peaceful political set up ideal for international trade and commerce, have a significantly positive effect on the stainless steel forgings industry’s competitive environment.

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2016
  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Government and Regional Agencies
  • Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCT

  • Cold/Hot Forged Parts
  • Casting
  • Sintered Parts

MARKET, BY APPLICATION

  • Building & Construction
  • Industrial
  • Automotive
  • Aerospace
  • Consumer Goods
  • Others

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America

TABLE OF CONTENT

1. STAINLESS STEEL FORGINGS MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Product
2.1.2. Market Snippet by Application
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. STAINLESS STEEL FORGINGS KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. STAINLESS STEEL FORGINGS INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. STAINLESS STEEL FORGINGS MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. STAINLESS STEEL FORGINGS MARKET – BY PRODUCT
6.1. Overview
6.1.1. Segment Share Analysis, By Product, 2017 & 2025 (%)
6.2. Cold/Hot Forged Parts
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. Casting
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.4. Sintered Parts
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. STAINLESS STEEL FORGINGS MARKET – BY APPLICATION
7.1. Overview
7.1.1. Segment Share Analysis, By Application, 2017 & 2025 (%)
7.2. Building & Construction
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3. Industrial
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4. Automotive
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.5. Aerospace
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.6. Consumer Goods
7.6.1. Overview
7.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.7. Others
7.7.1. Overview
7.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. STAINLESS STEEL FORGINGS MARKET– BY GEOGRAPHY
8.1. Introduction
8.1.1. Segment Share Analysis, By Region, 2017 & 2025 (%)
8.2. North America
8.2.1. Overview
8.2.2. Key Manufacturers in North America
8.2.3. North America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.2.4. North America Market Size and Forecast, By Product, 2014 – 2025 (US$ Million)
8.2.5. North America Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.2.6. U.S.
8.2.6.1. Overview
8.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.2.7. Canada
8.2.7.1. Overview
8.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3. Europe
8.3.1. Overview
8.3.2. Key Manufacturers in Europe
8.3.3. Europe Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.3.4. Europe Market Size and Forecast, By Product, 2014 – 2025 (US$ Million)
8.3.5. Europe Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.3.6. France
8.3.6.1. Overview
8.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.7. Germany
8.3.7.1. Overview
8.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.8. Rest of Europe
8.3.8.1. Overview
8.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Key Manufacturers in Asia Pacific
8.4.3. Asia Pacific Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.4.4. Asia Pacific Market Size and Forecast, By Product, 2014 – 2025 (US$ Million)
8.4.5. Asia Pacific Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.4.6. China
8.4.6.1. Overview
8.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.7. India
8.4.7.1. Overview
8.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.8. Rest of APAC
8.4.8.1. Overview
8.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5. Rest of the World
8.5.1. Overview
8.5.2. Key Manufacturers in Rest of the World
8.5.3. Rest of the World Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.5.4. Rest of the World Market Size and Forecast, By Product, 2014 – 2025 (US$ Million)
8.5.5. Rest of the World Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.5.6. Latin America
8.5.6.1. Overview
8.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.7. Middle East and Africa
8.5.7.1. Overview
8.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9. KEY VENDOR ANALYSIS
9.1. ISGEC Heavy Engineering Ltd
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Investacast
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Ecosteel
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. Scot Forge
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Canada Forgings
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. Accurate Steel Forgings
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. Sinteris
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. Sintex
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. PCC Forged Products
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. The Reserve Group
9.10.1. Company Snapshot
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
9.11. Harihar Alloys Private Limited
9.11.1. Company Snapshot
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Strategic Initiatives
9.12. Forge Products Corporation
9.12.1. Company Snapshot
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Strategic Initiatives
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. References
11.3. Abbreviations
11.4. Disclaimer
11.5. Contact Us

List of Tables
TABLE List of data Products
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Stainless Steel Forgings market: Product snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Product
TABLE Global Stainless Steel Forgings market, by Product, 2014-2025 (USD Million)
TABLE Stainless Steel Forgings market: application snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by application
TABLE Global Stainless Steel Forgings market, by application 2014-2025 (USD Million)
TABLE Stainless Steel Forgings market: regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by region
TABLE Global Stainless Steel Forgings market, by region 2014-2025 (USD Million)
TABLE North America Stainless Steel Forgings market, by country, 2014-2025 (USD Million)
TABLE North America Stainless Steel Forgings market, by Product, 2014-2025 (USD Million)
TABLE North America Stainless Steel Forgings market, by application, 2014-2025 (USD Million)
TABLE U.S. Stainless Steel Forgings market, by Product, 2014-2025 (USD Million)
TABLE U.S. Stainless Steel Forgings market, by application, 2014-2025 (USD Million)
TABLE Canada Stainless Steel Forgings market, by Product, 2014-2025 (USD Million)
TABLE Canada Stainless Steel Forgings market, by application, 2014-2025 (USD Million)
TABLE Europe Stainless Steel Forgings market, by country, 2014-2025 (USD Million)
TABLE Europe Stainless Steel Forgings market, by Product, 2014-2025 (USD Million)
TABLE Europe Stainless Steel Forgings market, by application, 2014-2025 (USD Million)
TABLE Germany Stainless Steel Forgings market, by Product, 2014-2025 (USD Million)
TABLE Germany Stainless Steel Forgings market, by application, 2014-2025 (USD Million)
TABLE U.K. Stainless Steel Forgings market, by Product, 2014-2025 (USD Million)
TABLE U.K. Stainless Steel Forgings market, by application, 2014-2025 (USD Million)
TABLE Rest of the Europe Stainless Steel Forgings market, by Product, 2014-2025 (USD Million)
TABLE Rest of the Europe Stainless Steel Forgings market, by application, 2014-2025 (USD Million)
TABLE Asia Pacific Stainless Steel Forgings market, by country, 2014-2025 (USD Million)
TABLE Asia Pacific Stainless Steel Forgings market, by Product, 2014-2025 (USD Million)
TABLE Asia Pacific Stainless Steel Forgings market, by application, 2014-2025 (USD Million)
TABLE Japan Stainless Steel Forgings market, by Product, 2014-2025 (USD Million)
TABLE Japan Stainless Steel Forgings market, by application, 2014-2025 (USD Million)
TABLE China Stainless Steel Forgings market, by Product, 2014-2025 (USD Million)
TABLE China Stainless Steel Forgings market, by application, 2014-2025 (USD Million)
TABLE Rest of Asia Pacific Stainless Steel Forgings market, by Product, 2014-2025 (USD Million)
TABLE Rest of Asia Pacific Stainless Steel Forgings market, by application, 2014-2025 (USD Million)
TABLE Rest of the World Stainless Steel Forgings market, by country, 2014-2025 (USD Million)
TABLE Rest of the World Stainless Steel Forgings market, by Product, 2014-2025 (USD Million)
TABLE Rest of the World Stainless Steel Forgings market, by application, 2014-2025 (USD Million)
TABLE Latin America Stainless Steel Forgings market, by Product, 2014-2025 (USD Million)
TABLE Latin America Stainless Steel Forgings market, by application, 2014-2025 (USD Million)
TABLE Middle East and Africa Stainless Steel Forgings market, by Product, 2014-2025 (USD Million)
TABLE Middle East and Africa Stainless Steel Forgings market, by application, 2014-2025 (USD Million)

List of Figures
FIGURE Stainless Steel Forgings market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Product segment market share analysis, 2017 & 2025
FIGURE Product segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Cold/Hot Forged Parts market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Casting market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Sintered Parts market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Application segment market share analysis, 2017 & 2025
FIGURE Application segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Building & Construction market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Industrial market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Automotive market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Aerospace market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Consumer Goods market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Others market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Regional segment market share analysis, 2017 & 2025
FIGURE Regional segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE North America Stainless Steel Forgings market share and leading players, 2018
FIGURE Europe Stainless Steel Forgings market share and leading players, 2018
FIGURE Asia Pacific Stainless Steel Forgings market share and leading players, 2018
FIGURE Latin America Stainless Steel Forgings market share and leading players, 2018
FIGURE Middle East and Africa Stainless Steel Forgings market share and leading players, 2018
FIGURE North America market share analysis by country, 2018
FIGURE U.S. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Canada market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Europe market share analysis by country, 2018
FIGURE U.K. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Germany market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the Europe market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Asia Pacific market share analysis by country, 2018
FIGURE India market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE China market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of Asia Pacific market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the World market share analysis by country, 2018
FIGURE Latin America market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market size, forecast and trend analysis, 2014 to 2025 (USD Million)

SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including Product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT
• The report presents macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
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• Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new Product developments

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
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  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast :

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For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.

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