U.S. Nonferrous Forging Market. Analysis And Forecast to 2030
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View PricingUSA Nonferrous Forging Market – U.S. Nonferrous Forging Market to Reach 2.6 billion USD by 2025
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Those sectors of the economy that benefit from the nonferrous forging market include the automotive and aerospace industries, and the oil and gas industry. The enhanced demand for nonferrous forging in the automobile sector led to this industry assuming the most significant market share. It is projected that this industry segment will drive the further growth and expansion of the nonferrous forging market. Aerospace appears as yet another industry sector to support and propel the forging market. Nonferrous forged materials are used as structural or component parts in various elements such as jet engines, helicopters, and launch vehicles. Despite the robust demand for nonferrous forging from the aerospace and car manufacturing industries, the slump in demand experienced from other markets, such as the oil and gas equipment sector and agricultural machinery manufacturing has exerted a negative impact on the manufacturers of forged ferrous and stamped metal products. In addition, selling prices have been forced down, thereby placing pressure on industry revenue.
Global economic growth is currently poor; the US economy and manufacturing sector continue to face a series of challenges that could impact performance. The capital spending forecast remains weak; capital spending appears as a key demand driver for the U.S. factory sector. This reduced capital spending has created an almost structural demand deficit for U.S. manufacturers. In addition, this sluggish capital spending trend could potentially spur a myriad of other problems with regard to future economic growth, wages, and living standards.
As a result of the factors listed above, US economic performance in the medium term is set to be moderate, and annual U.S. GDP growth is expected to equal an average of +X%. The forecast for manufacturing output growth is expected to be relatively sluggish, averaging only +X% over this period. These figures are also subject to different risk factors, including higher interest rates, a strong dollar, the as-yet unknown consequences of Brexit, and various concerns over the geopolitical tensions with regard to global trade.
Despite this relatively negative economic forecast, the food sector, chemicals, and aerospace are the industries with relatively strong growth outlooks. A modest upturn in the machinery sector is expected and enhanced capital spending is set to be the growth driver for this. The output forecast for the computer industry has also been amended to a positive performance trend, against a modestly stronger economic growth scenario.
In the private sector, the U.S. car market benefited from increased demand for car journeys as a result of the low gasoline prices, strong employment and income growth. In the immediate term, however, the demand for motor vehicles is projected to slow. As a result of this, consumers who delayed the purchase of a new car during the last recession, have already bought new vehicles to replace their old model, thereby curbing the growth in demand, and increasing competition in the lower price segment, by flooding the secondary market with a large number of used vehicles.
The aerospace industry is continuing to develop under the influence of cert various factors, present not only in the US, but world-wide: US aerospace companies are the industry leaders. Increased air-travel, economic growth and improved airline services indicate that the long-term outlook for the industry continues to remain positive.
These factors will all contribute to forging industry output growth during the forecast period. However, market growth may be restricted by increasingly stringent environmental regulations and increasing demand for plastics. Driven by the current economic recovery in the U.S., the nonferrous forging sector as a whole is expected to begin a modest upward consumption trend over the next nine years.
Market performance is forecast to accelerate, with an anticipated CAGR of +X% for the nine-year period from 2016 to 2025, which is projected to lead the market value to X million USD by the end of 2025.
Do you want to know more about the U.S. nonferrous forging market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- nonferrous forging market share
- nonferrous forging prices
- nonferrous forging industry
- nonferrous forging sales
- nonferrous forging market forecast
- nonferrous forging price forecast
- key nonferrous forging producers
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This report provides an in-depth analysis of the nonferrous forging market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 332112 - Nonferrous forging
Companies mentioned:
- Mueller Industries
- Wyman-Gordon Company
- Weber Metals
- Power Systems Mfg.
- Machine Specialty & Manufacturing
- Plansee USA
- Shultz Steel Company
- Aluminum Precision Products
- Cleveland Hardware and Forging Company
- Kobe Aluminum Automotive Products
- Ohio Star Forge Co.
- Quality Aluminum Forge
- Consolidated Industries
- Carlton Forge Works
- Harvey Industries
- Lindsey Manufacturing Co.
- Continental Forge Company
- Fansteel Inc.
- Vulcan Global Manufacturing Solutions
- Federal Flange
- Harvey Industries
- Smiths Tubular Systems-Laconia
- Accudyne Industries
- Turbine Engine Components Technologies Corporation
- Hhi Formtech Industries
- Earthquake Protection Systems
- Mueller Brass Forging Company
- Firth Rixson Forgings
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
