U.S. Iron And Steel Forging Market. Analysis And Forecast to 2030
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View PricingProduction of Iron and Steel Forging in the United States - 2022
Iron and Steel Forging Production in the United States - 2022
In value terms, iron and steel forging production amounted to $7.9B in 2022. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 10% against the previous year. As a result, production attained the peak level of $8.9B. From 2019 to 2022, production growth remained at a lower figure.
This report provides an in-depth analysis of the market for iron and steel forging in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 332111 - Iron and steel forging
Companies mentioned:
- Fairfield Manufacturing Company
- Scot Forge Company
- Joy Global Surface Mining Inc.
- Ameriforge Group
- Wyman-Gordon Forgings
- Rockford Products
- Impact Forge Group
- Canton Drop Forge
- Sypris Technologies
- GKN Driveline Newton
- Park-Ohio Holdings Corp.
- Ellwood Texas Forge Navasota
- The Crosby Group
- Ameriforge Corporation
- ATI Ladish, Colfor Manufacturing
- Form Hhi Tech
- Park-Ohio Industries
- A T I Funding Corporation
- Geneve Holdings
- North American Hoganas Holdings
- Cordier Group Holdings
- Tdy Holdings
- PSEG Nuclear
- Hephaestus Holdings
- Ieh FM Holdings
- ATI Titanium
- M P I International
- Handy & Harman Group
- ATI Operating Holdings
- Federal-Mogul Holdings Corporation
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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During the review period, the number of imports of Iron And Steel Forging reached a record high of 2.2 million units in September 2022. However, from October 2022 to August 2023, imports remained at a slightly lower level. In terms of value, the imports of iron and steel forging soared to $10 million in August 2023.
In November 2022, the iron and steel forging price amounted to $4.9 per unit (CIF, US), waning by -1.6% against the previous month.
The value of Metal Tank imports decreased slightly to $199M in June 2023.
In 2019, the U.S. metal tank market increased by 2.3% to $7.7B, rising for the third year in a row after two years of...
In terms of value, exports of Sheet Metal Product reached $18M in May 2023.
The revenue of the sheet metal product market in the U.S. amounted to $22.4B in 2018, increasing by 3.6% against the...
From 2008 to 2014, the U.S. saw blade and handtool market showed mixed dynamics. A significant drop in 2009 was followed by recovery growth over the next three years, until the market decreased again. In 2014, the market resumed growth, reaching X
In December 2022, the prefabricated metal building price stood at $1,306 per unit (FOB, US), rising by 12% against the previous month. The most prominent rate of growth was recorded in April 2022 an increase of 241% against the previous month. Over the period under review, the average export prices hit record highs at $8,542 per unit in September 2022; afterwards, it flattened through to December 2022. From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+24.7%). In December 2022, overseas shipments of prefabricated metal building and components decreased by -42.8% to 12K units for the first time since September 2022. The UK (1.5K units) ranked third in terms of total exports with a 13% share. In value terms, the largest markets for prefabricated metal building exported from the United States were Mexico ($3.3M), the UK ($1.9M) and Canada ($1.6M), with a combined 45% share of total exports. Panama, with a CAGR of +17.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
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The revenue of the market of plumbing fixture fittings and trims in the U.S. amounted to $4.4B in 2018, jumping by 5.6% ag...