London, 01 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Forging Market in India 2014-2018, which is expected to grow at a CAGR of 7.29 percent during 2013-2018.
“The market is expected to increasingly adopt cold forging for this purpose as it also increases machining precision and strength of the forged components,” says Faisal Ghaus, Vice President of TechNavio.
“The need for this type of forging will boost the growth of the cold forging technique by a CAGR of 28.82 percent in India.”
Key Market Drivers
- Growth in Non-automotive Sector
- Growth in Commercial Vehicle Industry
- Continuous Improvement in Technology
Key Market Trends
- Increased Need for Reducing Inventory Costs
- Increased Need for Near-net-shape Forging
- Development of Green Forging
Key Market Vendors
- Amtek Auto Limited
- Bharat Forge Limited
- Mahindra CIE Automotive Limited
- Ramkrishna Forgings Limited
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
