Forged Roll Market by Products (Alloy Materials, Stainless Steel, and Others), Applications (Automobiles, Aviation, Machinery & Equipment, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global forged roll market is anticipated to register a high CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the increasing demand for automobiles across the globe.
Forge rolling is a process that simultaneously reduces the cross-sectional area and shape of heated bars, billets, or plates by passing them between two driven rolls. These two rolls rotate in opposite directions that have one or more matching impressions. Forging results in the modification of internal grain of the metals. Under controlled conditions, the heated metal changes to the desired products that have uniform grain size and flow characteristics. This leads to the refinement of the forged metal and reduces its porosity. The final product obtained possesses superior mechanical and metallurgical properties as well as improved directional strength.
Forged parts have improved structural integrity, which ensures optimum performance under field conditions. Forging makes the metal tough, ductile, and capable of withstanding high fatigue. Moreover, it also imparts uniformity to the grain flow.
Market Trends, Drivers, Restraints, and Opportunities:
- Increasing demand for forged roll in the automobile and aeronautic industry is anticipated to drive the market growth during the forecast period.
- Growing demand for metal forging from various industry verticals is speculated to boost the growth of the market.
- High cost of manufacturing forged rolls is anticipated to hamper the market growth. Moreover, the presence of alternative methods can hinder the expansion of the global forged roll market.
- Fluctuating price of raw materials is expected to restrain the market growth in the coming years.
- Rapid growth of the automobile industry is expected to provide lucrative opportunities to the industry players in the foreseeable future.
- The COVID-19 pandemic had led to the imposition on the opening of the manufacturing facilities. This, in turn, has led to the disruption in the supply chain activities in several industries. However, the market is slowly recovering and is expected to reach pre-COVID level till mid-2021. Rapid growth of the automobile industry is expected to provide lucrative opportunities to the industry players in the foreseeable future.
Scope of the Report
The report on the global forged roll market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Forged Roll Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Products (Alloy Materials, Stainless Steel, and Others), Applications (Automobiles, Aviation, Machinery & Equipment, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Kennametal, Lehigh Heavy Forge, Sinosteel, Nippon Steel＆Sumitomo Metal, Kay Jay Chill Rolls, Camet Metallurgical Technologies, KS Carbide, Sorbit Valji Doo, and Hitachi |
Global Forged Roll Market Segment Insights
On the basis of products, the market is divided into alloy materials, stainless steel, and others. The alloy materials segment dominated the market segment in 2020, in terms of revenue. Alloys are the most preferred metals in the close die forging process. This is due to the increasing demand for alloys on account of its strong mechanical properties, ease of processing, low cost, and easy availability. Alloy materials forged parts usually have high strength, hardness, corrosion resistance, and improved weldability and ductility.
In terms of applications, the market is divided into automobiles, aviation, machinery & equipment, and others. The machinery & equipment segment accounted for a substantial amount of the share in the market, in 2021, in terms of revenue. Moreover, this trend is expected to continue during the forecast period. This can be attributed to growing industrialization all around the world, especially in developing countries such as India, China, and Brazil. Conversely, the automobiles segment is anticipated to expand at an impressive growth rate owing to increasing sales of automobiles and rapid growth in the automotive industry due to adoption of latest technologies.
Based on regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific held a market share of above 50% in 2020 owing to increasing foreign investments in the developing economies such as India and China. On the other hand, most of the economies witnessed a drastic downfall owing to the COVID-19 pandemic in 2020. However, economies in various regions is expected to recover soon
2. Assumptions and Acronyms Used
3. Research Methodology
4. Forged Roll Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Forged Roll Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Forged Roll Market - Supply Chain
4.5. Global Forged Roll Market Forecast
4.5.1. Forged Roll Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Forged Roll Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Forged Roll Market Absolute $ Opportunity
5. Global Forged Roll Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Forged Roll Market Size and Volume Forecast by Applications
5.3.1. Automobiles
5.3.2. Aviation
5.3.3. Machinery & Equipment
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Forged Roll Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Forged Roll Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Forged Roll Demand Share Forecast, 2019-2026
7. North America Forged Roll Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Forged Roll Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Forged Roll Market Size and Volume Forecast by Applications
7.4.1. Automobiles
7.4.2. Aviation
7.4.3. Machinery & Equipment
7.4.4. Others
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Forged Roll Demand Share Forecast, 2019-2026
8. Latin America Forged Roll Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Forged Roll Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Forged Roll Market Size and Volume Forecast by Applications
8.4.1. Automobiles
8.4.2. Aviation
8.4.3. Machinery & Equipment
8.4.4. Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Forged Roll Demand Share Forecast, 2019-2026
9. Europe Forged Roll Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Forged Roll Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Forged Roll Market Size and Volume Forecast by Applications
9.4.1. Automobiles
9.4.2. Aviation
9.4.3. Machinery & Equipment
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Forged Roll Demand Share Forecast, 2019-2026
10. Asia Pacific Forged Roll Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Forged Roll Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Forged Roll Market Size and Volume Forecast by Applications
10.4.1. Automobiles
10.4.2. Aviation
10.4.3. Machinery & Equipment
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Forged Roll Demand Share Forecast, 2019-2026
11. Middle East & Africa Forged Roll Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Forged Roll Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Forged Roll Market Size and Volume Forecast by Applications
11.4.1. Automobiles
11.4.2. Aviation
11.4.3. Machinery & Equipment
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Forged Roll Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Forged Roll Market: Market Share Analysis
12.2. Forged Roll Distributors and Customers
12.3. Forged Roll Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Kennametal
12.4.2. Lehigh Heavy Forge
12.4.3. Sinosteel
12.4.4. Nippon Steel＆Sumitomo Metal
12.4.5. Kay Jay Chill Rolls
12.4.6. Camet Metallurgical Technologies
12.4.7. KS Carbide
12.4.8. Sorbit Valji Doo
12.4.9. Hitachi
The global forged roll market has been segmented on the basis of
Products
- Alloy Materials
- Stainless Steel
- Others
- Automobiles
- Aviation
- Machinery & Equipment
- Others
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Major players competing in the global forged roll market are Kennametal, Lehigh Heavy Forge, Sinosteel, Nippon Steel＆Sumitomo Metal, Kay Jay Chill Rolls, Camet Metallurgical Technologies, KS Carbide, Sorbit Valji Doo, and Hitachi.
Companies are engaging in partnerships, collaborations, and expanding their product offerings to expand their market share.
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