Global Stainless Steel Forgings Market to Reach $12.8 Billion by 2030
The global market for Stainless Steel Forgings estimated at US$8.8 Billion in the year 2022, is projected to reach a revised size of US$12.8 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2022-2030. Hot / Cold Forged, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$6.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Casting segment is readjusted to a revised 5.2% CAGR for the next 8-year period.The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 7.9% CAGR
The Stainless Steel Forgings market in the U.S. is estimated at US$2.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2030 trailing a CAGR of 7.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 3.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.7 Billion by the year 2030.Select Competitors (Total 42 Featured) -
- All Metals & Forge
- Bourdon Forge
- Canada Forgings
- Ellwood Closed Die Group
- Forge Products
- Harihar Alloys Private
- Harsh Steel Trade
- ISGEC Heavy Engineering
- J & N Metal Products
- Keystone Forging
- Precision Castparts
- PSM Industries
- Sintex
- Tarunsika
- Wichard
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- All Metals & Forge
- Bourdon Forge
- Canada Forgings
- Ellwood Closed Die Group
- Forge Products
- Harihar Alloys Private
- Harsh Steel Trade
- ISGEC Heavy Engineering
- J & N Metal Products
- Keystone Forging
- Precision Castparts
- PSM Industries
- Sintex
- Tarunsika
- Wichard
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 93 |
Published | May 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 8.8 Billion |
Forecasted Market Value ( USD | $ 12.8 Billion |
Compound Annual Growth Rate | 4.8% |
Regions Covered | Global |