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Global Metal Stampings, Forgings, and Castings Market to Reach $563.2 Billion by 2027 Select Competitors (Total 682 Featured) -
Amid the COVID-19 crisis, the global market for Metal Stampings, Forgings, and Castings estimated at US$397.7 Billion in the year 2020, is projected to reach a revised size of US$563.2 Billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027. Ferro-Alloy Castings, one of the segments analyzed in the report, is projected to record a 5.9% CAGR and reach US$219.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Ferrous Metal Castings segment is readjusted to a revised 5.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $72 Billion, While China is Forecast to Grow at 6.9% CAGR
The Metal Stampings, Forgings, and Castings market in the U.S. is estimated at US$72 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$201.8 Billion by the year 2027 trailing a CAGR of 6.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 3.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.
Metal Stampings Segment to Record 4% CAGR
In the global Metal Stampings segment, USA, Canada, Japan, China and Europe will drive the 3.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$104.1 Billion in the year 2020 will reach a projected size of US$134.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$64.4 Billion by the year 2027, while Latin America will expand at a 3.8% CAGR through the analysis period.
- Alcoa Corporation
- Aludyne, Inc.
- American Axle & Manufacturing, Inc.
- Bharat Forge Limited
- DAYTON Lamina Corporation
- Doncasters Group
- Georg Fischer Ltd.
- Interplex Holdings Pte. Ltd.
- Magna International Inc.
- Meridian Lightweight Technologies
- Precision Castparts Corp.
- SeAH Besteel Corporation
- Shiloh Industries Inc.
- Sumitomo Corporation
- Voestalpine AG
- Worthington Industries