Product Code: ETC5376523 | Publication Date: Nov 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Armenia Metal Forging Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting high at 15.65% in 2025, the market steadily declines to 9.32% by 2029.
By 2027, Armenia's Metal Forging market is forecasted to achieve a high growth rate of 11.41%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
Armenia`s Metal Forging Market is essential for producing high-strength and durable metal components used in automotive, aerospace, and construction industries. The market is driven by advancements in forging techniques and the demand for high-performance materials.
Armenia`s metal forging market is driven by automotive components, aerospace structures, and industrial equipment manufacturing. Drivers include demand for forged steel parts, precision forging techniques, and metallurgical properties optimization.
The metal forging market in Armenia faces challenges such as the demand for high-strength forged components in automotive, aerospace, and defense industries. Additionally, there are issues related to the energy efficiency of forging processes and the development of advanced forging technologies for complex-shaped parts with minimal material waste.
Government policies in Armenia related to the Metal Forging market prioritize industrial manufacturing capabilities and metallurgical engineering excellence. Policies include vocational training programs for forging technicians, quality standards for forged components in automotive and machinery sectors, and partnerships with metallurgical institutes to advance forging technology and alloy development.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Metal Forging Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Metal Forging Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Metal Forging Market - Industry Life Cycle |
3.4 Armenia Metal Forging Market - Porter's Five Forces |
3.5 Armenia Metal Forging Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Armenia Metal Forging Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Armenia Metal Forging Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Armenia Metal Forging Market Trends |
6 Armenia Metal Forging Market Segmentations |
6.1 Armenia Metal Forging Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Armenia Metal Forging Market Revenues & Volume, By Carbon Steel, 2021-2031F |
6.1.3 Armenia Metal Forging Market Revenues & Volume, By Alloy steel, 2021-2031F |
6.1.4 Armenia Metal Forging Market Revenues & Volume, By Aluminum, 2021-2031F |
6.1.5 Armenia Metal Forging Market Revenues & Volume, By Magnesium, 2021-2031F |
6.1.6 Armenia Metal Forging Market Revenues & Volume, By Stainless Steel, 2021-2031F |
6.1.7 Armenia Metal Forging Market Revenues & Volume, By Titanium, 2021-2031F |
6.2 Armenia Metal Forging Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Armenia Metal Forging Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Armenia Metal Forging Market Revenues & Volume, By Aerospace, 2021-2031F |
6.2.4 Armenia Metal Forging Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.2.5 Armenia Metal Forging Market Revenues & Volume, By Construction, 2021-2031F |
6.2.6 Armenia Metal Forging Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2.7 Armenia Metal Forging Market Revenues & Volume, By Others, 2021-2031F |
7 Armenia Metal Forging Market Import-Export Trade Statistics |
7.1 Armenia Metal Forging Market Export to Major Countries |
7.2 Armenia Metal Forging Market Imports from Major Countries |
8 Armenia Metal Forging Market Key Performance Indicators |
9 Armenia Metal Forging Market - Opportunity Assessment |
9.1 Armenia Metal Forging Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Armenia Metal Forging Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Armenia Metal Forging Market - Competitive Landscape |
10.1 Armenia Metal Forging Market Revenue Share, By Companies, 2024 |
10.2 Armenia Metal Forging Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |