Interested in this report? Get your FREE sample now! Get Sample Pages
hexaresearch cover icon

Cold Forged Products Market Size and Forecast, By Material (Stainless Steel, Aluminium, Copper), By Application (Industrial, Aerospace, Automotive, Building & Construction, Consumer Goods) And Segment Forecast, 2015 - 2025

  1. Published: February, 2019
  2. Format: Electronic (PDF)
  3. Number of pages: 73
  4. Industry: Advanced Interior Materials

Industry Insights

The global cold forged products market was valued at USD 11.63 billion in 2017. Cold forged products are expected to be preferred by buyers operating in manufacturing sectors including, aerospace, automotive, consumer goods and construction on account of low finishing cost and high precision results. Furthermore, these products are preferred owing to their ability to provide long life during the production process.

U.S. cold forged products market, by application, 2015 - 2025 (Kilo Tons)

U.S. cold forged products market

Growth manufacturing output in developing economies such as China and India as a result of supporting investment-friendly policies is expected to promote remain a key factor driving the market in the coming years.

Segmentation by Material
    • Stainless Steel
    • Aluminum
    • Copper
    • Other

In 2017, the stainless steel cold forging dominated the market accounting for more than 55.0% market. Stainless steel is a widely used material in the manufacturing industry, where it is used in automotive spare parts such as gear, transmission components, axle shaft, and fasteners. According to certain estimates, the global automotive market is clocking a growth rate of around 2.3%. The application of stainless steel forging is expected to grow with the expected demand in automobiles mainly in developing countries such as India and China.

Shifting trend towards lightweight vehicles in order to increase fuel efficiency has led to promote in demand for automotive parts made from lightweight materials such as aluminum. In 2017, the aluminum cold forging market was estimated at around 2,306.0 kilotons in volume terms. The market is expected to grow further with the increasing application of cold-forged aluminum in end-use application industries including automotive.

The automotive and aerospace industry are the major consumers of aluminum forged parts owing to the initiatives to reduce carbon footprint. As the weight of passenger cars account for around 60.0% of their energy consumption, automakers are using lightweight alternatives such as Aluminium in vehicle parts.

Segmentation by Application
    • Industrial
    • Aerospace
    • Automotive
    • Building & Construction
    • Consumer Goods
    • Other

In 2017, the industrial sector was the largest consumer of cold forged products, accounting for more than 32.0% volume share of the overall market. Usage of these products in manufacturing and industry sector is expected to grow with the growth in the manufacturing sector at large.

Building & construction sector is expected to be the fastest growing segment with a CAGR of more than 5.5% from 2017 to 2025. Increasing demand from mining and infrastructure construction sectors for producing mining equipment and construction products is expected to drive demand in the market. Growth is expected from developing countries where the building & construction sector is expected to witness considerable growth in the coming years.

Segmentation by region
    • North America
    • Europe
    • Asia Pacific
    • Central & South America
    • Middle East & Africa

The Asia Pacific accounted for the largest market share of more than 64.0% in 2017, on account of the growing manufacturing sector including automotive and consumer electronics in countries such as China and India. The region is also expected to witness the fastest rate from 2017 to 2025.

The growth is attributed to the increasing construction industry in Asian countries such as China, India, and Singapore. For instance, projects such as the China-Pakistan Economic Corridor (CPEC) and One Belt One Road (OBOR) are surging the demand for the forged products in the region.

Africa is fast becoming a favorite place for setting up manufacturing facilities. Automotive and consumer electronics industries are increasing in the region. Moreover, Africa has a high potential for the infrastructural investment and the public-private enterprises are investing in the region.

For instance, Kenya Railways is developing a new railway line between Mombasa and Nairobi for passengers and cargo transportation worth 7.35 billion euros. Furthermore, countries such as Algeria has planned to invest Euro183.7 billion for the infrastructural development by 2030 and Morocco will invest around Euro 87.8 billion by 2030, which will fuel demand in the coming years.

Competitive Landscape

The global cold forged products market comprises well-established players. Some of the key players include Bharat Forge Limited, Amtek Group, Kalyani Forge Ltd., and Ace Forge Pvt Ltd. The companies in the market are investing in plant modernization to optimize energy consumption. Over the coming years, companies are expected to focus on expanding their presence to growth markets such as China and India, where demand for these products is expected from the automotive, construction, and manufacturing industries.

Some other players operating in the market are Daiichi Kiko Co., Ltd., Hiyoshi Kogyo Co., Ltd., Nedschroef, Miyama Precision (Thailand) Co., Ltd., Li-Hsing Forging Enterprise Co., Ltd., and Indo Schöttle Auto Parts Pvt. Ltd.

We also offers customization on reports based on specific client requirement. Request for Customization
silent features

Choose License Type

Single User - US $3,950
Multi User - US $5,450
Enterprise User - US $6,950

Research Assistance

Steve Cooper

Research Support Specialist, USA

[email protected]

  1. Phone: +1-408-342-1548
  2. Toll Free: +1-800-489-3075
  3. Email: [email protected]
  • World's largest premium report database
  • Transparent pre & post sale customer engagement model
  • Unparalleled flexibility in terms of rendering services
  • Safe & secure web experience
  • 24*5 Research support service