Aluminum Forgings Market by Type (Conventional Aluminum Forgings, Custom Aluminum Forgings), Applications (Automotive, Aerospace & Military, Electrical Industry, Engineering Machinery, General Industrial Machinery), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2017 to 2025


The global aluminum forgings market is expected to grow from USD 10.37 billion in 2016 and expected to reach USD 20.91 billion by 2025 at a CAGR of 8.15% during the forecast period 2017-2025.

Aluminum forging is a manufacturing process that is accomplished through the pounding of the aluminum or the intense squeezing until high-strength forged aluminum parts are formed. Aluminum forgings are ideal for parts used in applications that require safety and for superior strength. Common forged aluminum parts include automobile chassis and body panels, aircraft frames and wheels, automotive drive train and engine components, structural components for construction, decorative architectural components, components for boats and marine equipment, and processing equipment. Global aluminum forgings market is expected to witness rapid growth over the forecast period, as aluminum forgings used extensively in aerospace applications and airframe structures, due to their favorable high fatigue strength and low density. However, fluctuation in prices and availability of aluminum is anticipated to hinder the market growth over the forecast period.

The study delivers a comprehensive analysis of types, applications, and regions. The type segment includes conventional aluminum forgings and custom aluminum forgings. The custom aluminum forgings segment held the largest market share and valued at USD 6.88 billion in 2016, due to the capability of providing various shapes and sizes of aluminum products. The application segment includes automotive, aerospace & military, electrical industry, engineering machinery, and general industrial machinery. The automotive segment held the largest market share of 35.25% in 2016.  The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. China is the fastest-growing region in the aluminum forgings market with the highest CAGR of 9.32% owing to heavy investments in the development of new forging methods and improves existing infrastructure. In addition to this, the presence of many global and local manufacturers in the region, driving the growth of the market in China.

 Key players operating in the global aluminum forgings market include All Metals & Forge Group, Aluminum Precision Products, Inc., Anderson Shumaker Company, Alcoa Corporation, Sun Fast International, LLC, Queen City Forging Company, Scot Forge Company, Deeco Metals, Continental Forge Company, UNIFOR Brass Forgings Inc., Accurate Steel Forgings (India) Limited, and Consolidated Industries, Inc. among others. To enhance their market position in the global aluminum forgings market, the key players are now focusing on adopting strategies such as recent developments, joint ventures, product innovations, mergers & acquisitions, collaborations, and partnerships.

This study forecasts revenue growth at global, regional, and country levels from 2013 to 2025. Fior Markets has segmented on the basis of below-mentioned segments:

  • Global Aluminum Forgings Market Analysis And Forecast, By Type
    • Conventional Aluminum Forgings
    • Custom Aluminum Forgings
  • Global Aluminum Forgings Market Analysis And Forecast, By Applications
    • Automotive
    • Aerospace & Military
    • Electrical Industry
    • Engineering Machinery
    • General Industrial Machinery
  • Global Aluminum Forgings Market Analysis And Forecast, By Regional Analysis
    • North America
    • Europe
    • Asia-Pacific
    • South America
    • Middle East And Africa

Chapter 1 Introduction 13
    1.1 Research Methodology 13
    1.2 FMR desk research 14
          1.2.1 FMR data synthesis 15
          1.2.2 Data validation and market feedback 15
          1.2.3 FMR data sources 16
Chapter 2 Aluminum Forgings Market Overview 18
    2.1 Definition and Specifications of Aluminum Forgings 18
    2.2 Aluminum Forgings Segment by Types 21
          2.2.1 Global Aluminum Forgings Sales and Growth Rate Comparison by Types (2013-2025) 21
          2.2.2 Global Aluminum Forgings Sales Market Share By Types In 2017 22
          2.2.3 Conventional Aluminum Forgings 23
          2.2.4 Custom Aluminum Forgings 25
    2.3 Global Aluminum Forgings Segment by Applications 27
          2.3.1 Global Aluminum Forgings Consumption Comparison by Applications (2013-2025) 27
          2.3.2 Automotive 29
          2.3.3 Aerospace & Military 29
          2.3.4 Electrical Industry 30
          2.3.5 Engineering Machinery 30
          2.3.6 General Industrial 31
    2.4 Global Aluminum Forgings Market by Regions 32
          2.4.1 Global Aluminum Forgings Market Size and Growth Rate Comparison by Regions (2013-2025) 32
          2.4.2 North America Aluminum Forgings Status and Prospect (2013-2025) 33
          2.4.3 China Aluminum Forgings Status and Prospect (2013-2025) 34
          2.4.4 Europe Aluminum Forgings Status and Prospect (2013-2025) 35
          2.4.5 Japan Aluminum Forgings Status and Prospect (2013-2025) 36
          2.4.6 India Aluminum Forgings Status and Prospect (2013-2025) 37
          2.4.7 Southeast Asia Aluminum Forgings Status and Prospect (2013-2025) 38
    2.5 Global Aluminum Forgings Market Size 39
          2.5.1 Global Aluminum Forgings Revenue Status and Outlook (2013-2025) 39
          2.5.2 Global Aluminum Forgings Capacity, Sales Status and Outlook (2013-2025) 40
Chapter 3 Manufacturing Cost Structure Analysis of Aluminum Forgings 41
    3.1 Raw Material and Suppliers 41
    3.2 Manufacturing Cost Structure Analysis of Aluminum Forgings 42
          USA Labor Cost Analysis 44
          3.2.2 Macroscopic Indicator 48
          3.2.3 GDP for Major Regions 48
          3.2.1 Interest Rate for Major Regions 52
          3.2.2 Population and Labour Considered for Forecast 58
          3.2.3 Disposable Income Considered for Forecast 59
          3.2.4 Price of Raw Materials in Dollars: Evolution 62
    3.3 Manufacturing Process Analysis of Aluminum Forgings 63
    3.4 Industry Chain Structure of Aluminum Forgings 65
Chapter 4 Analysis of Major Aluminum Forgings Manufacturers 66
    4.1 All Metals & Forge Group 66
          4.1.1 Company Profile 66
          4.1.2 Product Introduction 67
    4.2 Aluminum Precision Products, Inc. 68
          4.2.1 Company Profile 68
          4.2.2 Product Introduction 69
    4.3 Anderson Shumaker Company 70
          4.3.1 Company Profile 70
          4.3.2 Product Introduction 71
    4.4 Alcoa Corporation 72
          4.4.1 Company Profile 72
          4.4.2 Product Introduction 73
          4.4.3 Alcoa Corporation 2017 Aluminum Forgings Sales, Price, Revenue, Gross Margin Analysis 74
    4.5 Sun Fast International, LLC 75
          4.5.1 Company Profile 75
          4.5.2 Product Introduction 76
    4.6 Queen City Forging Company 77
          4.6.1 Company Profile 77
          4.6.2 Product Introduction 78
          4.6.3 Queen City Forging Company 2017 Aluminum Forgings Sales, Price, Revenue, Gross Margin Analysis 78
    4.7 Scot Forge Company 79
          4.7.1 Company Profile 79
          4.7.2 Product Introduction 80
    4.8 Deeco Metals 81
          4.8.1 Company Profile 81
          4.8.2 Product Introduction 82
    4.9 Continental Forge Company 83
          4.9.1 Company Profile 83
          4.9.2 Product Introduction 84
          4.9.3 Continental Forge Company 2017 Aluminum Forgings Sales, Price, Revenue, Gross Margin Analysis 84
    4.10 UNIFOR Brass Forgings Inc. (Known as Bravo USA) 85
          4.10.1 Company Profile 85
          4.10.2 Product Introduction 86
    4.11 Accurate Steel Forgings (India) Limited 87
          4.11.1 Company Profile 87
          4.11.2 Product Introduction 88
    4.12 Consolidated Industries, Inc. 89
          4.12.1 Company Profile 89
          4.12.2 Product Introduction 90
    4.13 Nippon Steel & Sumitomo Metal Company 2017 Aluminum Forgings Sales, Price, Revenue, Gross Margin Analysis 91
    4.14 ThyssenKrupp Company 2017 Aluminum Forgings Sales, Price, Revenue, Gross Margin Analysis 91
Chapter 5 Global Aluminum Forgings Overall Market 92
    5.1 2013-2018E Overall Market Analysis 92
    5.2 Capacity Analysis 95
          5.2.1 2013-2018E Global Aluminum Forgings Capacity and Growth Rate Analysis 95
          5.2.2 2017 Aluminum Forgings Capacity Analysis (Company Segment) 96
    5.3 Sales Analysis 97
          5.3.1 2013-2018E Global Aluminum Forgings Sales and Growth Rate Analysis 97
          5.3.2 2017 Aluminum Forgings Sales Analysis (Company Segment) 98
    5.4 Sales Price Analysis 99
          5.4.1 2013-2018E Global Aluminum Forgings Sales Price 99
          5.4.2 2017 Aluminum Forgings Sales Price Analysis (Company Segment) 100
Chapter 6 Aluminum Forgings Regional Market Analysis 101
    6.1 North America Aluminum Forgings Market Analysis 101
          6.1.1 North America Aluminum Forgings Market Overview 101
          6.1.2 North America 2013-2018E Aluminum Forgings Local Supply, Import, Export, Local Consumption Analysis 102
          6.1.3 North America 2013-2018E Aluminum Forgings Sales Price Analysis 103
    6.2 China Aluminum Forgings Market Analysis 104
          6.2.1 China 2013-2018E Aluminum Forgings Local Supply, Import, Export, Local Consumption Analysis 104
          6.2.2 China 2013-2018E Aluminum Forgings Sales Price Analysis 105
    6.3 Europe Aluminum Forgings Market Analysis 106
          6.3.1 Europe 2013-2018E Aluminum Forgings Local Supply, Import, Export, Local Consumption Analysis 106
          6.3.2 Europe 2013-2018E Aluminum Forgings Sales Price Analysis 107
    6.4 Japan Aluminum Forgings Market Analysis 108
          6.4.1 Japan 2013-2018E Aluminum Forgings Local Supply, Import, Export, Local Consumption Analysis 108
          6.4.2 Japan 2013-2018E Aluminum Forgings Sales Price Analysis 109
    6.5 India Aluminum Forgings Market Analysis 110
          6.5.1 India 2013-2018E Aluminum Forgings Local Supply, Import, Export, Local Consumption Analysis 110
          6.5.2 India 2013-2018E Aluminum Forgings Sales Price Analysis 111
    6.6 Southeast Asia Aluminum Forgings Market Analysis 112
          6.6.1 Southeast Asia 2013-2018E Aluminum Forgings Local Supply, Import, Export, Local Consumption Analysis 112
          6.6.2 Southeast Asia 2013-2018E Aluminum Forgings Sales Price Analysis 113
    7.1 Global 2013-2018E Aluminum Forgings Sales by Type 114
Chapter 8 Global 2013-2018E Aluminum Forgings Segment Market Analysis (by Application) 115
    8.1 Global 2013-2018E Aluminum Forgings Consumption by Application 115
    8.2 Different Application Aluminum Forgings Product Price Analysis 116
Chapter 9 Aluminum Forgings Marketing Channel Analysis 117
    9.1 Marketing Channel 117
          9.1.1 Direct Marketing 119
          9.1.2 Indirect Marketing 121
    9.2 Market Positioning 123
          9.2.1 Marketing Channel Future Trend 123
          9.2.2 Pricing Strategy 125
          9.2.3 Brand Strategy 127
    9.3 Traders or Distributors with Contact Information of Aluminum Forgings by Regions 129
Chapter 10 Development Trend of Analysis of Aluminum Forgings Market 130
    10.1 Global Aluminum Forgings Market Trend Analysis 130
          10.1.1 Global 2018-2025 Aluminum Forgings Market Size (Volume and Value) Forecast 130
          10.1.2 Global 2018-2025 Aluminum Forgings Market Size and Growth Rate 131
    10.2 Aluminum Forgings Regional Market Trend 132
          10.2.1 North America 2018-2025 Aluminum Forgings Consumption Forecast 132
          10.2.2 China 2018-2025 Aluminum Forgings Consumption Forecast 133
          10.2.3 Europe 2018-2025 Aluminum Forgings Consumption Forecast 134
          10.2.4 Japan 2018-2025 Aluminum Forgings Consumption Forecast 135
          10.2.5 India2018-2025 Aluminum Forgings Consumption Forecast 136
          10.2.6 Southeast Asia 2018-2025 Aluminum Forgings Consumption Forecast 137
    10.3 Aluminum Forgings Market Trend (Product Type) 138
    10.4 Aluminum Forgings Market Trend (Application) 139
Chapter 11 Conclusion of Aluminum Forgings 140


Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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