Cold Forged Products Market Size to Reach $17.25 Billion by 2025

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As a result of favorable government initiatives, the global construction & building market is expected to witness significant growth. Construction & building is a key growth sector for cold forged products and is expected to grow at a CAGR of more than 5.5% from 2015 to 2025.

The market is fairly competitive with manufacturers investing in modernizing their production facilities to reduce operational cost and gain a competitive edge. For instance, in December 2015, Kalyani Forge planned to invest USD 28.1 million on modernization and value addition at its manufacturing facilities in Pune, India, over the following three to five years.

To gain a competitive edge in the market, the companies are investing in R&D to introduce advanced products. For instance, in 2017, Nedschroef introduced high productivity fastening solution called TICnut (thin sheet inner clinch nut) which finds its use in applications such as heat shields, aluminum frame for doors, control units and wiring harness connectors.

Some of the key companies in the market include Bharat Forge Limited, Amtek Group, Kalyani Forge Ltd., and Ace Forge Pvt Ltd. Other active companies in the market include Daiichi Kiko Co., Ltd., Hiyoshi Kogyo Co., Ltd., Nedschroef, Miyama Precision (Thailand) Co., Ltd., Li-Hsing Forging Enterprise Co., Ltd., and Indo Schöttle Auto Parts Pvt. Ltd.

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Hexa Research has segmented the cold forged products market report based on material, application and region:-

Segmentation by material

    • Stainless Steel