Forged Roll Market Size, Share, Trends & Growth Report [2031]

Segments - 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 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Rucha Phatak

Report Description

Forged Roll Market Outlook 2031

The global forged roll market size was valued at USD 1.27 Billion in 2022 and is expected to reach USD 1.89 Billion by 2031 anticipated to register a high CAGR 4.5% during the forecast period, 2023-2031. 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.

Forged Roll 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 Forged Roll Market 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.

Attributes	Details
Report Title	Forged Roll Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Products (Alloy Materials, Stainless Steel, and Others), Applications (Automobiles, Aviation, Machinery & Equipment, and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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.

Segments

The global forged roll market has been segmented on the basis of

Products

Alloy Materials
Stainless Steel
Others

Applications

Automobiles
Aviation
Machinery & Equipment
Others

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Kennametal
Lehigh Heavy Forge
Sinosteel
Nippon Steel?Sumitomo Metal
Kay Jay Chill Rolls
Camet Metallurgical Technologies
KS Carbide
Sorbit Valji Doo
Hitachi

Competitive Landscape

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.

Forged Roll Market Key Players

Table Of Content

1. Executive Summary
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 (000â€™ 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