global impression die forging market is expected to reach $27,163.6 million by 2025 growing at a CAGR of 5.2% from 2018 to 2025.

PORTLAND, OREGON, UNITED STATES, October 17, 2023 /EINPresswire.com/ -- Impression die forging is a metal deformation process, which utilizes pressure to compress a piece of metal to fill in an enclosed die impression. Extreme amount of force is applied to deform the metal, which is subsequently forced to flow into the die chambers. Two types of equipment are generally used for this process such as mechanical forging presses and hydraulic forging presses.

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The global impression die forging market was estimated to be $18,293.6 million in 2017 and is expected to reach $27,163.6 million by 2025 growing at a CAGR of 5.2% from 2018 to 2025.

Based on order type, the impression die forging market is segmented into custom forgings and catalogue forgings. Custom forgings accounted for dominant share of the market in 2017 and is estimated to grow at a CAGR of 5.2% to reach $27,163.6 million by 2025. Custom-forged components are used in aircraft, submarines, refineries, power-generating stations, space craft, processing plants, missiles, offshore oil rigs, pressure vessels, deep-sea submersibles, off-the-road equipment, scientific research equipment, and other specialized applications.

Improving global economic conditions, increasing innovations in products and equipment and growth in end user industries such aerospace, construction equipment, oil & gas, and others fuel the market growth. However, the market growth is restrained by increasing input costs and high cost of impression die forging process.

Impression die forging is a metal deformation process, which utilizes pressure to compress a piece of metal to fill in an enclosed die impression. Extreme amount of force is applied to deform the metal, which is subsequently forced to flow into the die chambers. Two types of equipment are generally used for this process such as mechanical forging presses and hydraulic forging presses. Improving global economic conditions, increasing innovations in products and equipment and growth in end user industries such aerospace, construction equipment, oil & gas, and others fuel the market growth. However, the market growth is restrained by increasing input costs and high cost of impression die forging process.

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Top 10 Leading Players

ATI
Aubert & Duval
Bharat Forge Limited
Bifrangi SpA
Böhler Schmiedetechnik GmbH & Co KG
Ellwood Group Inc.
Mahindra Forgings Europe AG
Maschinenfabrik Alfing Kessler GmbH
Nippon Steel & Sumitomo Metal
Riganti Spa

Key Market Segments

By Component Type

Landing Gears
Jet Engines & Turbine Shafts
Crankshafts
Gears
Connecting Rods
Others

By Order Type

Custom Forgings
Catalogue Forgings

By Metal Type

Steel
Titanium Alloys
Iron-Based Heat-Resistant Alloys
Nickel-Based Alloys
Others

By End-User Industry

Aerospace
Oil & Gas
Shipbuilding
Construction Equipment
Railways
Defense
Food
Others

𝙏𝙤 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙩𝙝𝙞𝙨 𝙋𝙧𝙚𝙢𝙞𝙪𝙢 𝙍𝙚𝙥𝙤𝙧𝙩: https://www.alliedmarketresearch.com/checkout-final/d1f68289a755cf6e36008755c4bb5d33

Key Findings of the Impression Die Forging Market:

Custom forgings accounted for dominant share of the market in 2017 and is estimated to grow at a CAGR of 5.2% to reach $27,163.6 million by 2025

Oil & gas is estimated to be the most dominant end user segment in the market from 2018 to 2025
Asia-Pacific dominated the market with 40.78% of the global market share in 2017

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