“Metal Forging Market Size to Hit USD 135.01 Billion Forecast till 2027; Increasing Demand for Automotive Sector Globally to Stimulate Growth, Says Fortune Business Insights”. While exhibiting a CAGR of 6.7% between 2020 and 2027. The report further mentions that the market was worth USD 80.79 billion in 2019.

The global metal forging market size is expected to witness significant growth owing to the increasing demand of the product for the automotive sector. Furthermore, increasing government support for the production of e-vehicles will favor the adoption of metal forging.

Forging components are widely used in automotive, aerospace, power generation, defense, mining, oil & gas, shipping, and manufacturing industries. The most common forged metal products are Alloy Steel, Aluminum, Carbon Steel, Nickel Based Alloys, Stainless Steel, Titanium & Tool Steel. The benefits to forging are increased strength & durability by eliminating gas pockets.

Depending on the process, forging may involve a variety of operations like drop hammers (hammers and anvils) and presses.

Below is a live case study about forging die & tool design where lead-time was shortened using design services thereby reducing overall design and manufacturing cost.

Case study#1: Forging Die and Tool design for Connecting rods

To know more, click here

The authors, Swami and Barath, drive global strategy for engineering solutions at APA Engineering.

They can be reached at [email protected] and [email protected]

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Article Reference – Equipment News