The Isothermal Forging Global Market Report 2023, provides comprehensive information on the isothermal forging market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Isothermal Forging Global Market Report 2023, the global isothermal forging market size is expected to grow from $7.77 billion in 2022 to $8.56 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global isothermal forging market size is expected to reach $10.85 billion in 2027 at a CAGR of 6.1%.
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The advanced technological effects are a key trend gaining popularity in the isothermal forging market. Major companies operating in the isothermal forging market are focusing on launching advanced technologies to sustain their position in the market. For instance, in May 2021, the defense research and development organization (DRDO), an India-based Department of defense research and Development working under the Ministry of Defense, developed an indigenous isothermal forging technology for aero engines. With its special 2000 MT isothermal forge press, this technology is vital for producing the five phases of high-pressure compressors (HPC) discs made of tough-to-deform titanium alloy. This technology is essential for developing self-reliance in the field of aero-engine technology.
The isothermal forging market is segmented:
- By Raw Material: Carbon Steel Metal Forging, Alloy Steel Metal Forging, Aluminum Metal Forging, Magnesium Metal Forging, Stainless Steel Metal Forging, Titanium Metal Forging, Other Raw Material Metal Forging
2) By Processes: Conduction heating, Induction heating
3) By End Use Vertical: Aerospace And Defense, Agriculture Equipment, Automotive, Construction And Mining Equipment And Components, Electrical And Electronic, Energy And Power, Industrial And Manufacturing, Marine And Rail, Oil And Gas
Asia-Pacific was the largest region in the isothermal forging market in 2022.
The table of contents in TBRC’s isothermal forging market report includes:
- Executive Summary
- Isothermal Forging Market Characteristics
- Isothermal Forging Market Trends And Strategies
- Isothermal Forging Market – Macro Economic Scenario
- Isothermal Forging Market Size And Growth
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- Africa Isothermal Forging Market
- Isothermal Forging Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Isothermal Forging Market
- Isothermal Forging Market Future Outlook and Potential Analysis
- Appendix
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