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Stainless Steel Forgings Market Size And Forecast By Product (Cold/Hot Forged Products, Castings, Sintered Parts), By Application (Building & Construction, Industrial, Automotive, Aviation, Consumer Goods), By Region And Trend Analysis From 2013 To 2024

Published: Nov, 2016 | Pages: 100 | Publisher: Grand View Research
Industry: Materials | Report Format: Electronic (PDF)

The global stainless steel forgings market is expected to reach USD 13.57 billion by 2024, according to a new report by Grand View Research, Inc. Positive energy and construction industry outlook is expected to boost the market growth of stainless steel forgings over the forecast period.

Stainless steel forgings are now finding acceptance across various end-use industries on account of characteristics such as economic viability, reliability, and strength. These forgings exhibit higher strength than other steel alloys and also have good corrosion resistance. The forged products also have a higher strength to weight ratio on account of which they are used in a large number of applications.

The industrial application was the dominant segment in the market. The demand is driven by countries such as China and Japan due to a presence of a large number of heavy component manufacturers present. The growing usage of this product in automotive is expected to boost the overall demand. The application of stainless steel forgings in aviation is also expected to boost the demand over the forecast period.

Further key findings from the report suggest:

Cold/Hot forged parts are thelargest product segment and are expected to grow at a CAGR of 6.8% from 2016 to 2024. The ease of manufacturing coupled with low costs involved in the manufacture is expected to drive demand for these products.

Industrial application segment is the largest application segment and is expected to reach USD 2.35 billion by 2024 on account of rising industrial activity in Asia Pacific and Africa.

Stainless steel forged products are largely chosen in building and construction application segment as they provide a high degree of corrosion resistance with necessary strength.The buildings & construction application of stainless steel forgings market is expected to grow at a CAGR of 7.4% from 2016 to 2014.

Latin America is expected to witness significant revenue growth, growing at a CAGR of 6.4% from 2016 to 2024 in light of the increasing construction projects and rise in the number of energy installations in the region.

Companies are moderately competitive with leading companies such as PCC Forged Products and ISGEC Heavy Engineering increasing their product portfolio by introducing new products in the market. The industry leaders are expected to dominate the market by acquisitions and increasing the capacity of their production facilities.

Manufacturers in the market are also engaged in expanding their presence by increasing the number of warehouses to cater to a large number of customers in different regions. The noticeable trend is of manufacturers entering into agreements with end-users for the supply of products.
 Table of Content
s Chapter 1. Executive Summary 1.1 Market Snapshot Chapter 2. Stainless Steel Forgings Industry Outlook 2.1. Market segmentation & Scope 2.2. Penetration and Growth Prospect Mapping 2.3. Value chain analysis 2.4. Raw material trend 2.4.1. Iron Ore 2.4.2. Nickel 2.4.3. Chromium 2.4.4. Molybdenum 2.5. Regulatory framework 2.5.1. U.S Nuclear Regulatory Commission 2.5.2. Indian Standard 2.5.3. Other regulations 2.6. Market dynamics 2.6.1. Market driver analysis 2.6.2. Market restraint analysis 2.7. Stainless Steel Forgings - SWOT Analysis, By Factor (political & legal, economic and technological) 2.8. Industry Analysis - Porter's analysis Chapter 3. Stainless Steel ForgingsMarket: Product Estimates and Trend Analysis 3.1. Stainless steel forgings market: Product movement analysis 3.2. Cold/Hot Forged Products 3.2.1. Market estimates and forecasts, 2013 - 2024 3.2.2. Market estimates and forecasts, by region, 2013 - 2024 3.3. Castings 3.3.1. Market estimates and forecasts, 2013 - 2024 3.3.2. Market estimates and forecasts, by region, 2013 - 2024 3.4. Sintered Parts 3.4.1. Market estimates and forecasts, 2013 - 2024 3.4.2. Market estimates and forecasts, by region, 2013 - 2024 Chapter 4. Stainless Steel Forgings Market: Application Estimates and Trend Analysis 4.1. Stainless steel forgings market: Application movement analysis 4.2. Building & Construction 4.2.1. Market estimates and forecasts, 2013 - 2024 4.2.2. Market estimates and forecasts, by region, 2013 - 2024 4.3. Industrial 4.3.1. Market estimates and forecasts, 2013 - 2024 4.3.2. Market estimates and forecasts, by region, 2013 - 2024 4.4. Automotive 4.4.1. Market estimates and forecasts, 2013 - 2024 4.4.2. Market estimates and forecasts, by region, 2013 - 2024 4.5. Aviation 4.5.1. Market estimates and forecasts, 2013 - 2024 4.5.2. Market estimates and forecasts, by region, 2013 - 2024 4.6. Consumer Goods 4.6.1. Market estimates and forecasts, 2013 - 2024 4.6.2. Market estimates and forecasts, by region, 2013 - 2024 4.7. Others 4.7.1. Market estimates and forecasts, 2013 - 2024 4.7.2. Market estimates and forecasts, by region, 2013 - 2024 Chapter 5. Stainless Steel Forgings Market: Regional Estimates and Trend Analysis 5.1. Stainless steel forgings market: Regional movement analysis 5.2. North America 5.2.1. Market estimates and forecasts, 2013 - 2024 5.2.2. Market estimates and forecasts, by product, 2013 - 2024 5.2.3. Market estimates and forecasts, by application, 2013 - 2024 5.2.4. U.S 5.2.4.1. Market estimates and forecasts, 2013 - 2024 5.2.4.2. Market estimates and forecasts, by product, 2013 - 2024 5.2.4.3. Market estimates and forecasts, by application, 2013 - 2024 5.3. Europe 5.3.1. Market estimates and forecasts, 2013 - 2024 5.3.2. Market estimates and forecasts, by product, 2013 - 2024 5.3.3. Market estimates and forecasts, by application, 2013 - 2024 5.3.4. Germany 5.3.4.1. Market estimates and forecasts, 2013 - 2024 5.3.4.2. Market estimates and forecasts, by product, 2013 - 2024 5.3.4.3. Market estimates and forecasts, by application, 2013 - 2024 5.3.5. UK 5.3.5.1. Market estimates and forecasts, 2013 - 2024 5.3.5.2. Market estimates and forecasts, by product, 2013 - 2024 5.3.5.3. Market estimates and forecasts, by application, 2013 - 2024 5.3.6. France 5.3.6.1. Market estimates and forecasts, 2013 - 2024 5.3.6.2. Market estimates and forecasts, by product, 2013 - 2024 5.3.6.3. Market estimates and forecasts, by application, 2013 - 2024 5.4. Asia Pacific 5.4.1. Market estimates and forecasts, 2013 - 2024 5.4.2. Market estimates and forecasts, by product, 2013 - 2024 5.4.3. Market estimates and forecasts, by application, 2013 - 2024 5.4.4. China 5.4.4.1. Market estimates and forecasts, 2013 - 2024 5.4.4.2. Market estimates and forecasts, by product, 2013 - 2024 5.4.4.3. Market estimates and forecasts, by application, 2013 - 2024 5.4.5. India 5.4.5.1. Market estimates and forecasts, 2013 - 2024 5.4.5.2. Market estimates and forecasts, by product, 2013 - 2024 5.4.5.3. Market estimates and forecasts, by application, 2013 - 2024 5.4.6. Japan 5.4.6.1. Market estimates and forecasts, 2013 - 2024 5.4.6.2. Market estimates and forecasts, by product, 2013 - 2024 5.4.6.3. Market estimates and forecasts, by application, 2013 - 2024 5.5. Latin America (CSA) 5.5.1. Market estimates and forecasts, 2013 - 2024 5.5.2. Market estimates and forecasts, by product, 2013 - 2024 5.5.3. Market estimates and forecasts, by application, 2013 - 2024 5.5.4. Brazil 5.5.4.1. Market estimates and forecasts, 2013 - 2024 5.5.4.2. Market estimates and forecasts, by product, 2013 - 2024 5.5.4.3. Market estimates and forecasts, by application, 2013 - 2024 5.6. MEA 5.6.1. Market estimates and forecasts, 2013 - 2024 5.6.2. Market estimates and forecasts, by product, 2013 - 2024 5.6.3. Market estimates and forecasts, by application, 2013 - 2024 Chapter 6. Competitive Landscape 6.1. Competitive Environment-Snapshot 6.2. Vendor Landscape 6.3. Strategy Positioning Chapter 7. Company Profiles 7.1. Forge Products Corporation 7.1.1. Company Overview 7.1.2. Financial Performance 7.1.3. Product Benchmarking 7.1.4. Strategic Initiatives 7.2. PCC Forged Products 7.2.1. Company Overview 7.2.2. Financial Performance 7.2.3. Product Benchmarking 7.2.4. Strategic Initiatives 7.3. The Reserve Group 7.3.1. Company Overview 7.3.2. Financial Performance 7.3.3. Product Benchmarking 7.3.4. Strategic Initiatives 7.4. Harihar Alloys Pvt. Ltd. 7.4.1. Company Overview 7.4.2. Financial Performance 7.4.3. Product Benchmarking 7.4.4. Strategic Initiatives 7.5. Accurate Steel Forgings 7.5.1. Company Overview 7.5.2. Financial Performance 7.5.3. Product Benchmarking 7.5.4. Strategic Initiatives 7.6. ISGEC Heavy Engineering Ltd. 7.6.1. Company Overview 7.6.2. Financial Performance 7.6.3. Product Benchmarking 7.6.4. Strategic Initiatives 7.7. Investacast 7.7.1. Company Overview 7.7.2. Financial Performance 7.7.3. Product Benchmarking 7.7.4. Strategic Initiatives 7.8. Sinteris 7.8.1. Company Overview 7.8.2. Financial Performance 7.8.3. Product Benchmarking 7.8.4. Strategic Initiatives 7.9. Sintex A/S 7.9.1. Company Overview 7.9.2. Financial Performance 7.9.3. Product Benchmarking 7.9.4. Strategic Initiatives 7.10. Scot Forge 7.10.1. Company Overview 7.10.2. Financial Performance 7.10.3. Product Benchmarking 7.10.4. Strategic Initiatives 7.11. Canada Forgings Inc. 7.11.1. Company Overview 7.11.2. Financial Performance 7.11.3. Product Benchmarking 7.11.4. Strategic Initiatives 7.12. Ecosteel 7.12.1. Company Overview 7.12.2. Financial Performance 7.12.3. Product Benchmarking 7.12.4. Strategic Initiatives
List of Tables
1. Stainless steel forgings market volume in building & construction, by product, 2013 - 2024 (Kilo Tons) 2. Stainless steel forgings market revenue in building & construction, by product, 2013 - 2024 (USD Million) 3. Stainless steel forgings market volume in industrial application, by product, 2013 - 2024 (Kilo Tons) 4. Stainless steel forgings market revenue in industrial application, by product, 2013 - 2024 (USD Million) 5. Stainless steel forgings market volume in automotive, by product, 2013 - 2024 (Kilo Tons) 6. Stainless steel forgings market revenue in automotive, by product, 2013 - 2024 (USD Million) 7. Stainless steel forgings market volume in aerospace, by product, 2013 - 2024 (Kilo Tons) 8. Stainless steel forgings market revenue in aerospace, by product, 2013 - 2024 (USD Million) 9. North America stainless steel forgings market, by product, 2013 - 2024 (USD Million) 10. North America stainless steel forgings market, by product, 2013 - 2024 (Kilo Tons) 11. North America stainless steel forgings market, by application, 2013 - 2024 (Kilo Tons) 12. North America stainless steel forgings market, by application, 2013 - 2024 (USD Million) 13. U.S. stainless steel forgings market, by product, 2013 - 2024 (USD Million) 14. U.S. stainless steel forgings market, by product, 2013 - 2024 (Kilo Tons) 15. U.S. stainless steel forgings market, by application, 2013 - 2024 (Kilo Tons) 16. U.S. stainless steel forgings market, by application, 2013 - 2024 (USD Million) 17. Europe stainless steel forgings market, by product, 2013 - 2024 (USD Million) 18. Europe stainless steel forgings market, by product, 2013 - 2024 (Kilo Tons) 19. Europe stainless steel forgings market, by application, 2013 - 2024 (Kilo Tons) 20. Europe stainless steel forgings market, by application, 2013 - 2024 (USD Million) 21. Germany stainless steel forgings market, by product, 2013 - 2024 (USD Million) 22. Germany stainless steel forgings market, by product, 2013 - 2024 (Kilo Tons) 23. Germany stainless steel forgings market, by application, 2013 - 2024 (Kilo Tons) 24. Germany stainless steel forgings market, by application, 2013 - 2024 (USD Million) 25. U.K stainless steel forgings market, by product, 2013 - 2024 (USD Million) 26. U.K stainless steel forgings market, by product, 2013 - 2024 (Kilo Tons) 27. U.K stainless steel forgings market, by application, 2013 - 2024 (Kilo Tons) 28. U.K stainless steel forgings market, by application, 2013 - 2024 (USD Million) 29. France stainless steel forgings market, by product, 2013 - 2024 (USD Million) 30. France stainless steel forgings market, by product, 2013 - 2024 (Kilo Tons) 31. France stainless steel forgings market, by application, 2013 - 2024 (Kilo Tons) 32. France stainless steel forgings market, by application, 2013 - 2024 (USD Million) 33. Asia Pacific stainless steel forgings market, by product, 2013 - 2024 (USD Million) 34. Asia Pacific stainless steel forgings market, by product, 2013 - 2024 (Kilo Tons) 35. Asia Pacific stainless steel forgings market, by application, 2013 - 2024 (Kilo Tons) 36. Asia Pacific stainless steel forgings market, by application, 2013 - 2024 (USD Million) 37. China stainless steel forgings market, by product, 2013 - 2024 (USD Million) 38. China stainless steel forgings market, by product, 2013 - 2024 (Kilo Tons) 39. China stainless steel forgings market, by application, 2013 - 2024 (Kilo Tons) 40. China stainless steel forgings market, by application, 2013 - 2024 (USD Million) 41. Japan stainless steel forgings market, by product, 2013 - 2024 (USD Million) 42. Japan stainless steel forgings market, by product, 2013 - 2024 (Kilo Tons) 43. Japan stainless steel forgings market, by application, 2013 - 2024 (Kilo Tons) 44. Japan stainless steel forgings market, by application, 2013 - 2024 (USD Million) 45. India stainless steel forgings market, by product, 2013 - 2024 (USD Million) 46. India stainless steel forgings market, by product, 2013 - 2024 (Kilo Tons) 47. India stainless steel forgings market, by application, 2013 - 2024 (Kilo Tons) 48. India stainless steel forgings market, by application, 2013 - 2024 (USD Million) 49. Latin America stainless steel forgings market, by product, 2013 - 2024 (USD Million) 50. Latin America stainless steel forgings market, by product, 2013 - 2024 (Kilo Tons) 51. Latin America stainless steel forgings market, by application, 2013 - 2024 (Kilo Tons) 52. Latin America stainless steel forgings market, by application, 2013 - 2024 (USD Million) 53. Brazil stainless steel forgings market, by product, 2013 - 2024 (USD Million) 54. Brazil stainless steel forgings market, by product, 2013 - 2024 (Kilo Tons) 55. Brazil stainless steel forgings market, by application, 2013 - 2024 (Kilo Tons) 56. Brazil stainless steel forgings market, by application, 2013 - 2024 (USD Million) 57. MEA stainless steel forgings market, by product, 2013 - 2024 (USD Million) 58. MEA stainless steel forgings market, by product, 2013 - 2024 (Kilo Tons) 59. MEA stainless steel forgings market, by application, 2013 - 2024 (Kilo Tons) 60. MEA stainless steel forgings market, by application, 2013 - 2024 (USD Million)



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