Global Marine Forgings Market Growth (Status and Outlook) 2024-2030

Global Marine Forgings Market Growth (Status and Outlook) 2024-2030

Marine forgings refer to the forged components used in the construction of ships. These parts must possess high strength, durability, and corrosion resistance to withstand the harsh conditions of the marine environment. Forgings are metal parts created by applying pressure to deform the metal, enhancing its physical properties. Forgings are typically used for components that require high strength and toughness.

The global Marine Forgings market size is projected to grow from US$ million in 2024 to US$ million in 2030; it is expected to grow at a CAGR of %from 2024 to 2030.

LPI (LP Information)' newest research report, the “Marine Forgings Industry Forecast” looks at past sales and reviews total world Marine Forgings sales in 2022, providing a comprehensive analysis by region and market sector of projected Marine Forgings sales for 2023 through 2029. With Marine Forgings sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Marine Forgings industry.

This Insight Report provides a comprehensive analysis of the global Marine Forgings landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Marine Forgings portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Marine Forgings market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Marine Forgings and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Marine Forgings.

United States market for Marine Forgings is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Marine Forgings is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Marine Forgings is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Marine Forgings players cover Doosan Enerbility, China First Heavy Industries, KOBE STEEL, Somers Forg, Taiyuan Heavy Industry, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Marine Forgings market by product type, application, key players and key regions and countries.

Segmentation by Type:
Shaft Series
Rudder Series
Others

Segmentation by Application:
Cargo Vessel
Passenger Vessel

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

Segmentation by Type:
Shaft Series
Rudder Series
Others

Segmentation by Application:
Cargo Vessel
Passenger Vessel

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Doosan Enerbility
China First Heavy Industries
KOBE STEEL
Somers Forg
Taiyuan Heavy Industry
Sinomach Heavy Equipment
Shanghai Electric SHMP Casting & Forging
Tongyu Heavy Industry
CIC Luoyang Heavy Machinery
Hong Da Heavy Industry
Shigang Jingcheng Equipment

Please note: The report will take approximately 2 business days to prepare and deliver.