Metal Forging Market Manufacturers | Size and Revenue | Business Share Forecast by Regions 2021-2027 The global metal forging market is expected to witness significant growth owing to increasing demand of the product for the automotive sector. Furthermore, increasing government support for the production of e-vehicles will favor the adoption of metal forging. Fortune Business Insights, in its latest report, titled “Metal Forging Market Size, Share & Industry Analysis, By Raw Material (Carbon Steel, Alloy Steel, Stainless Steel, Aluminum, Magnesium, Titanium, and Others), By Technology (Closed Die, Open Die, and Others), By Application (Automotive, Mechanical Equipment, Aerospace & Railways, and Others), and Regional Forecast, 2020-2027.”, observes that the market is projected to reach USD 135,017.7 million by 2027, while exhibiting a CAGR of 6.7% between 2020 and 2027. The report further mentions that the market was worth USD 80,796.0 million in 2019. Metal forging is a type of metal forming method that mainly involves the use of compression force on a piece of metal to deform it, and further create the desired shape, size, and volume. The most common forged metal products are titanium, aluminum, copper, magnesium, and others. The process of forging is beneficial as it aids in strengthening of the metals by eliminating internal gas pockets that have the tendency to weaken the metals. This process also increases the strength and durability of the metals. Driving Factors: Increasing Demand for Forged Steel in Automotive to Stoke Demand Forged steel provides numerous benefits such as high durability, strong tensile strength, and reliability. These properties are a primary reason why forged steel is preferred over its counterparts in the automotive industry. Furthermore, the increasing adoption of closed die forging technology in the automotive industry is driving the demand for forged products. Products such as carbon steel, alloy steel, and stainless steel are used in manufacture of components such as control arm, crankshaft, connecting rods, and steering knuckles among others. Increasing adoption of the products in the automotive sector is expected to drive the global metal forging market during the forecast period. Moreover, favorable government policies to promote the adoption of e-vehicles are anticipated to aid market growth. Regional Insights: Increasing Adoption of Metal Components in Automotive in Asia Pacific to Aid Growth Among all regions, the market in the Asia Pacific is expected to witness significant growth and register the highest global metal forging market revenue during the forecast period. Furthermore, the market was worth USD 43,926.0 million in 2019 and is likely to gain momentum owing to the high demand for metal components in the industrial and automotive sectors. Favorable government policies for the promotion of e-vehicles in countries such as China and India are anticipated to drive the market growth in Asia-Pacific. Europe, on the other hand, is expected to be the second-most leading region during the forecast period. This is ascribable to factors such as the increasing adoption of forged components for the aerospace industry. Information source: https://www.fortunebusinessinsights.com/metal-forging-market-103175

Our History MH Metal has focused on producing various kinds of Metal Fabrication for almost 20 years. We have become one of the Chinese leading manufacturers in the Sheet Metal Fabrication industry. Today, MH Metal is one of the top manufacturers of quality Metal Fabrication, Stamping parts which is widely used, such as Metal Fabrication for Aerial Work Platform parts (Boom lift parts, Scissor Lift parts, etc.), Container Homes, Material Handling Equipment, Metal Cabinets, Metal Lockers, Traffic Site Management, Truck Body, Metal Trailer, Metal Enclosures, Casino Gambling Machine, display Rack, Metal Box, Power Control box, Metal Advertising Board, Hand Trucks, Hand Carts, U Boat, Mailboxes, Containerized site accommodation, etc. Our Factory MingHui Metal Products is located in Hangzhou, China, with two production bases that we own, has more than 380,000 Square feet of factory workshop, passed the ISO 14001 and ISO 9001 qualification, and the Wal-Mart certification since 2005. We are a leading manufacturer of Metal Stamping and Sheet Metal Fabrication, offering various engineered products. Through the use of the latest industry technologies such as Trumpf laser cutter, automatic press brakes, Amada CNC punch press, and robotics, together with our dedication to quality, MH Metal is to create added value for customers around the world, such as Walmart, Apple, Starbucks, Emerson, Dahua, etc. Product Application Our Metal Fabrication products are widely used in every industry, ---Man Baskets, Work Platform, Slewing Platform, Arms, Beams, Base, Control Panels, etc., for Aerial Work Platform, including Boom Lift parts, Vertical Lift parts, Mast Lift parts, Scissor Lift parts. Order Picker Lift parts, etc. ---Material Handling for Supermarkets such as Walmart, storing system, Easy Carrying ---Display racks for Starbucks, Apple. ---Truck Bodies and Metal Trailers for Trucks ---Gambling machine for Las Vegas Casino ---Container homes for an easy living option ---Traffic Signs, Arrow Board, Message Board for Traffic Site Management. ---Metal Cabinets and Lockers for schools, hotels, gyms, etc. ---Metal Parts for Furniture, Auto, Construction materials, Equipment, etc. Production Market We have customers from both domestic market and oversea market. Our Sales managers can speak fluent English for good communication. Our primary sales market: North America 40% Europe 20% Domestic: 30% Others 10%Casino slot machine manufacturers website:http://www.mh-metal.com/