Forging market in North America
Forging is a manufacturing process for shaping metals using compressive forces. Cold forging and warm (or hot) forging are the two main forging processes. Forging can be exercised as ferrous (aluminium and titanium) forging and non-ferrous forging. It is carried out through either impression die, open die, or rolled rings. Forged metal components are widely used in the automotive, aerospace, construction, oil and gas, agriculture, shipbuilding, steel, bearing, and power industries.
North America’s demand for forging was valued at USD 11.75 billion in 2014 is expected to reach USD 15.41 billion by 2020, growing at a CAGR of 4.76%. In terms of volume, the North America forging market stood at 23.30 million tons in 2014
Impression die forging dominated the North America market with more than a 60% share in 2014. However, rolled rings die forging is expected to see the fastest CAGR during the forecast period. Rolled rings forging is growing due to increased demand from the automotive, aviation and oil and gas industry is growing. The aerospace industry dominates demand for rolled rings forging equipment market in North America.
The forging market in North America is segmented in terms of application as; the automotive industry, aerospace industry, oil and gas industry, and other applications. The automotive industry is one of the applications contributing to the growth of the market. Strong demand for impression die forging equipment from the automotive industry is expected to boost demand in the years to come.
The key players for forging market in North America include Alcoa, American Axle & Manufacturing Holdings, and Precision Castparts. The others prominent players for the forging market in North America include Ellwood Group, ATI Ladish Forging, FRISA, General Dynamics Ordnance & Tactical Systems, HHI Forging, Patriot Forge, Scot Forge, Sumitomo, Sypris Solutions, ThyssenKrupp.
Featured articles and news
OpenUSD possibilities: Look before you leap
Being ready for the OpenUSD solutions set to transform architecture and design.
Global Asbestos Awareness Week 2025
Highlighting the continuing threat to trades persons.
Retrofit of Buildings, a CIOB Technical Publication
Now available in Arabic and Chinese aswell as English.
The context, schemes, standards, roles and relevance of the Building Safety Act.
Retrofit 25 – What's Stopping Us?
Exhibition Opens at The Building Centre.
Types of work to existing buildings
A simple circular economy wiki breakdown with further links.
A threat to the creativity that makes London special.
How can digital twins boost profitability within construction?
The smart construction dashboard, as-built data and site changes forming an accurate digital twin.
Unlocking surplus public defence land and more to speed up the delivery of housing.
The Planning and Infrastructure Bill
An outline of the bill with a mix of reactions on potential impacts from IHBC, CIEEM, CIC, ACE and EIC.
Farnborough College Unveils its Half-house for Sustainable Construction Training.
Spring Statement 2025 with reactions from industry
Confirming previously announced funding, and welfare changes amid adjusted growth forecast.
Scottish Government responds to Grenfell report
As fund for unsafe cladding assessments is launched.
CLC and BSR process map for HRB approvals
One of the initial outputs of their weekly BSR meetings.
Building Safety Levy technical consultation response
Details of the planned levy now due in 2026.
Great British Energy install solar on school and NHS sites
200 schools and 200 NHS sites to get solar systems, as first project of the newly formed government initiative.
600 million for 60,000 more skilled construction workers
Announced by Treasury ahead of the Spring Statement.
Comments
Hi,
I visit your page and find much valuable information for my blog too as i am working on it.
well i like your article too on Forging.
Thanks