Global Nickel Alloys for Machining Components Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Nickel Alloys for Machining Components Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Nickel alloys work harden rapidly, and the high pressures produced during machining cause a hardening effect that slows further machining and may also cause warping in small parts. Using cold-drawn stress-relieved material is preferable for machining.

Market Overview:

The latest research study on the global Nickel Alloys for Machining Components market finds that the global Nickel Alloys for Machining Components market reached a value of USD 3335.48 million in 2022. It’s expected that the market will achieve USD 3959.59 million by 2028, exhibiting a CAGR of 2.9% during the forecast period.

Restraints

High Cost of Raw Materials
On one hand, as the market supply and demand fluctuations, as well as the promotion of capital markets, which lead to different raw material’s prices show a different trend, on the whole, it will be a fluctuating status.

Opportunities

Improve performance
With the progress in science and internet technology, more advanced production methods, investment of companies, increase awareness of smart living room, there will be more cost effective, high performance product in the future. High performance alloy segment commanded the largest market share during the forecast period due to the increasing demand from end user industries mainly from the aerospace & defense, oil & gas. High performance alloys are heat resistant alloys based on nickel-iron which are planned to perform at extreme temperature and pressure.
Emerging countries
For example, China, India, South America, Middle East are developing their industries, with the progress of economy and technology, the increase demand of downstream, the market of Nickel Alloys for Machined Components has great market potential.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects.

Company Overview:

Celestica is one of the major players operating in the Nickel Alloys for Machining Components market, holding a share of 3.96% in 2020.

Celestica

Celestica enables the world’s best brands. Through our unrivalled customer-centric approach, we partner with leading companies in numerous markets to deliver solutions for their most complex challenges.

Thyssenkrupp AG

thyssenkrupp AG operates in the areas of mechanical, plant, and materials technologies in Germany and internationally. The company’s Components Technology segment provides various components for automotive, construction, and engineering sectors, as well as for wind turbines. Its Elevator Technology segment is involved in the construction, modernization, and servicing of elevators, escalators, moving walks, and stairs and platform lifts, as well as passenger boarding bridges.

Segmentation Overview:

Among different product types, Turned and milled parts segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Automotive segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Nickel Alloys for Machining Components market covered in Chapter 3:

Allegheny Technologies Incorporated
Advanced Manufacturing (Sheffield) Ltd
Lisi Aerospace
Asturfeito
Gloria Material Technology Corp.
Celestica
Hitachi Metals
Kennametal
Special Quality Alloys Ltd
Weartech International
Thyssenkrupp AG
TSP Manufacturing
BuntyLLC
Precision Castparts Corporation
BDE Manufacturing Technologies

In Chapter 4 and Chapter 14.2, on the basis of types, the Nickel Alloys for Machining Components market from 2018 to 2029 is primarily split into:

Bolts
Studs Stems
Nuts
Turned and milled parts
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Nickel Alloys for Machining Components market from 2018 to 2029 covers:

Automotive
Energy
Food processing and Packaging
Heavy machinery
Chemical
Medical
Oil and Gas
Transportation
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)