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The global impression die forging market has witnessed significant growth over the past few years and is expected to continue its upward trajectory in the coming years. Impression die forging, also known as closed-die forging, is a manufacturing process that involves shaping metal by applying pressure through the use of dies. This method is widely used in various industries such as automotive, aerospace, oil and gas, and construction, among others.
The Impression Die Forging Market is projected to reach $27,163.6 million by 2024, exhibiting a compound annual growth rate (CAGR) of 5.2% from 2018 to 2025. This growth trajectory reflects the continued expansion of end-user industries, coupled with ongoing advancements in forging technologies and processes. One of the key drivers of market growth is the automotive industry, which extensively utilizes impression die forging for producing critical components such as engine parts, gears, and steering knuckles. With the automotive sector witnessing steady growth, particularly in emerging economies, the demand for forged components is expected to surge, thereby boosting the market for impression die forging.
Furthermore, the aerospace industry is another significant contributor to the growth of the impression die forging market. Aerospace manufacturers rely on forged components due to their superior strength, durability, and resistance to high temperatures and pressures. As the global aerospace sector continues to expand, driven by increasing air travel demand and the emergence of new technologies, the demand for impression die forging is expected to grow substantially.
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Impassion die forging is a metal deformation process where pressure is utilized to compress a piece of metal to fill in an enclosed die impression. Impression die forging method is typically used to manufacture more complex shapes than open-die forging. The forging components manufactured from impression die forging process are more precise and closer to the desired shape, often reducing the need for subsequent machining.
This study provides an in-depth analysis of the global impression die forging market, along with current trends and future estimations to identify the potential investment pockets. Key drivers, restraints, and opportunities and their impact analysis are elucidated in the report. Porter’s five forces analytical model illustrates the competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, strength of the buyers, and strength of the suppliers. Value chain analysis signifies the key intermediaries involved and elaborates their roles and contribution to value addition at each stage. Quantitative analysis of the current market and estimations from 2014 to 2025 is provided to highlight the financial competency of the market.
Impression Die Forging Market Key Segmentation:
The global impression die forging market is segmented on the basis of component type, metal type, order type, end user industry, and geography.
ATI Aubert & Duval Bharat Forge Limited Bifrangi SpA Bohler Schmiedetechnik GmbH & Co KG Ellwood Group Inc. Mahindra Forgings Europe AG Maschinenfabrik Alfing Kessler GmbH Nippon Steel & Sumitomo Metal Riganti Spa SAMMI Metal Products Co. Ltd. Siderforgerossi Group S.p.A Siepmann-Werke GmbH & Co. KG ULMA Lazkao Forging
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The global market for impression die forging is segmented based on component type, metal type, order type, end user industry, and geography. Based on component type, it is classified into landing gears, jet engine & turbine shafts, crankshafts, connecting rods, gears, and others. By metal type, it is divided into steel alloys, titanium alloys, iron-based heat-resistant alloys, nickel-based alloys, and others. Steel is the most commonly used metal for closed die forging. Based on order type, the market is bifurcated into custom forgings and catalogue forgings.
Moreover, the oil and gas industry is a prominent end-user of impression die forging, utilizing forged components for various applications such as drilling equipment, valves, and pipeline fittings. The resurgence of the oil and gas sector, coupled with investments in exploration and production activities, is anticipated to fuel the demand for forged components, thereby bolstering market growth.
In addition to traditional industries, the renewable energy sector presents promising opportunities for the impression die forging market. With the growing emphasis on clean energy sources and the expansion of wind and solar power projects worldwide, there is an increasing demand for forged components in the manufacturing of wind turbine parts, solar panel frames, and hydroelectric equipment.
Landing Gears Jet Engines & Turbine Shafts Crankshafts Gears Connecting Rods Others
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Steel Titanium Alloys Iron-Based Heat-Resistant Alloys Nickel-Based Alloys Others
Aerospace Oil & Gas Shipbuilding Construction Equipment Railways Defense Food Others
The market growth is further supported by technological advancements in impression die forging processes, leading to enhanced efficiency, precision, and cost-effectiveness. Innovations such as computer numerical control (CNC) machining, simulation software, and automation have enabled manufacturers to optimize production processes and meet stringent quality standards. Looking ahead,
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