Top 5 Vendors in the Global Forging Market from 2017 to 2021: Tec

Technavio has announced the top five leading vendors in their recent global forging market report. The following key vendors: Aloca, ATI, Bharat Forge, Nippon Steel & Sumitomo Metal and ThyssenKrupp.
According to the research analysis, the global forging market is fragmented, with the clear dominance of large international players. The market is capital-intensive, and hence, it poses a stiff challenge to local players. These small players find it quite difficult to compete with international vendors in terms of quality, features, functionalities, and services. With the introduction of products with new features and technologies, the competition will become more aggressive.