Being highly-capital intensive, operations and procedures in the global forging market require large funds to set-up manufacturing plants. Thus the market is chiefly dominated by large players having their operations spread across the globe, observes Transparency Market Research in a recent report. The scenario is thus tough for smaller companies, which account for a relatively smaller share in the overall market. ... Read more

The global Forging Market is estimated to be valued at US$74.36 billion in 2021 and is expected to exhibit a CAGR of 7.7% over the forecast period 2022-2030.

A) Market Overview:

The forging for market primarily involves the shaping of metals using localized compressive forces, such as hammering, pressing, or rolling, to achieve the desired shape and properties. Forged components offer superior strength, durability, and reliability compared to other ... Read more