Product Code: ETC039397 | Publication Date: Jan 2021 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Ghana Metal Forging market currently, in 2023, has witnessed an HHI of 5687, Which has increased slightly as compared to the HHI of 4786 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Metal forging is a traditional manufacturing process that remains indispensable in industries such as automotive, aerospace, and oil and gas. In Ghana, the forging market caters to the demand for high-strength components and custom solutions, driven by infrastructure projects and industrial expansion.
The Ghana metal forging market is witnessing growth due to increasing demand for forged components in automotive, aerospace, and oil and gas industries. Metal forging processes, including hot forging and cold forging, produce high-strength and durable parts with improved mechanical properties, driving market expansion in the country`s manufacturing sector.
Challenges in the metal forging market include material waste and energy consumption. Optimizing forging processes such as die design, heating, and deformation to minimize material scrap and energy usage while maximizing production efficiency and part quality requires process simulation and optimization tools. Additionally, addressing workforce training and skills development in metal forging operations to ensure safety, productivity, and product consistency is essential for meeting customer requirements and industry standards.
To support the manufacturing and automotive industries in Ghana, the government has implemented policies to promote the growth of the metal forging market. Initiatives focus on providing incentives for technology adoption, supporting skills development in forging and metallurgy, and fostering partnerships between forging shops, automotive manufacturers, and government agencies to enhance product quality, performance, and market access.
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 Ghana Metal Forging Market Overview |
3.1 Ghana Country Macro Economic Indicators |
3.2 Ghana Metal Forging Market Revenues & Volume, 2019 & 2026F |
3.3 Ghana Metal Forging Market - Industry Life Cycle |
3.4 Ghana Metal Forging Market - Porter's Five Forces |
3.5 Ghana Metal Forging Market Revenues & Volume Share, By Raw Material, 2019 & 2026F |
3.6 Ghana Metal Forging Market Revenues & Volume Share, By Applications, 2019 & 2026F |
4 Ghana Metal Forging Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Ghana Metal Forging Market Trends |
6 Ghana Metal Forging Market, By Types |
6.1 Ghana Metal Forging Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Ghana Metal Forging Market Revenues & Volume, By Raw Material, 2016 - 2026F |
6.1.3 Ghana Metal Forging Market Revenues & Volume, By Carbon Steel, 2016 - 2026F |
6.1.4 Ghana Metal Forging Market Revenues & Volume, By Alloy steel, 2016 - 2026F |
6.1.5 Ghana Metal Forging Market Revenues & Volume, By Aluminum, 2016 - 2026F |
6.1.6 Ghana Metal Forging Market Revenues & Volume, By Magnesium, 2016 - 2026F |
6.1.7 Ghana Metal Forging Market Revenues & Volume, By Stainless Steel, 2016 - 2026F |
6.1.8 Ghana Metal Forging Market Revenues & Volume, By Titanium, 2016 - 2026F |
6.2 Ghana Metal Forging Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Ghana Metal Forging Market Revenues & Volume, By Automotive, 2016 - 2026F |
6.2.3 Ghana Metal Forging Market Revenues & Volume, By Aerospace, 2016 - 2026F |
6.2.4 Ghana Metal Forging Market Revenues & Volume, By Oil & Gas, 2016 - 2026F |
6.2.5 Ghana Metal Forging Market Revenues & Volume, By Construction, 2016 - 2026F |
6.2.6 Ghana Metal Forging Market Revenues & Volume, By Agriculture, 2016 - 2026F |
6.2.7 Ghana Metal Forging Market Revenues & Volume, By Others, 2016 - 2026F |
7 Ghana Metal Forging Market Import-Export Trade Statistics |
7.1 Ghana Metal Forging Market Export to Major Countries |
7.2 Ghana Metal Forging Market Imports from Major Countries |
8 Ghana Metal Forging Market Key Performance Indicators |
9 Ghana Metal Forging Market - Opportunity Assessment |
9.1 Ghana Metal Forging Market Opportunity Assessment, By Raw Material, 2019 & 2026F |
9.2 Ghana Metal Forging Market Opportunity Assessment, By Applications, 2019 & 2026F |
10 Ghana Metal Forging Market - Competitive Landscape |
10.1 Ghana Metal Forging Market Revenue Share, By Companies, 2023 |
10.2 Ghana Metal Forging Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |