Drop forging is a kind of forging process different from press forging,upset forging or other forging processes. Metal shaping process in which a hot piece of metal is hammered (forged) between the stationary part and the moving (dropping) part of a two-piece hollow metal die (called forging die) in one or several operations. Employed usually in manufacturing axles, crankshafts, gears, and tools. In drop forging, the billet is deformed into desired shapes with the help of forging dies. Types of drop forging are open-die drop forging and closed-die drop forging. The shape of the die is the main differences between open die drop forging and closed die drop forging like the names. Closed die drop forging does fully encloses the workpiece, while open die forging does not.
Drop Forging Market contains market size and forecasts of Drop Forging in global, including the following market information:
- Global Drop Forging Market Revenue, 2017-2022, 2023-2028, ($ millions)
- Global Drop Forging Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Drop Forging companies in 2021 (%)
The global Drop Forging market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Open Die Drop Forging Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Drop Forging include Precision Castparts, Arconic, KOBELCO, Thyssenkrupp, Aichi Forge, Eramet Group, AAM, Bharat Forge and Avic Heavy Machinery, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Drop Forging manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Drop Forging Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Drop Forging Market Segment Percentages, by Type, 2021 (%)
- Open Die Drop Forging
- Closed Die Drop Forging
Global Drop Forging Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Drop Forging Market Segment Percentages, by Application, 2021 (%)
- Automotive
- Aerospace
- Agricultural
- Industrial
- Others
Global Drop Forging Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Drop Forging Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Drop Forging revenues in global market, 2017-2022 (Estimated), ($ millions)
- Key companies Drop Forging revenues share in global market, 2021 (%)
- Key companies Drop Forging sales in global market, 2017-2022 (Estimated), (K MT)
- Key companies Drop Forging sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Precision Castparts
- Arconic
- KOBELCO
- Thyssenkrupp
- Aichi Forge
- Eramet Group
- AAM
- Bharat Forge
- Avic Heavy Machinery
- VSMPO-AVISMA
- ATI
- Wanxiang Group
- JSW
- CITIC Heavy Industries
- Scot Forge
- Farinia Group
- Longcheng Precision Forging
- Tongyu Heavy Industry
- Dongfeng Forging
- Pacific Precision Forging
- China First Heavy Industries
- Sypris Solutions
- Kalyani Forge
- Ellwood Group
- Schuler (Andritz Group)
Industry Market Size
