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Segments Analysis

By Resin Type

“Epoxy resin is expected to hold the largest share of the market during the forecast period”.

• The market is segmented into epoxy composite, vinyl ester composite, polyurethane composite, bismaleimide (BMI) composite, phenolic composite, and other composites.
• Epoxy resin is chemically balanced from a mechanical viewpoint since it exhibits high strength, stiffness, and bonding strength. It therefore becomes a material that can be applied universally in a variety of applications in the forged composite market. For instance, epoxy resin is applied to strengthen the carbon fiber layers to make forged composite parts for automobiles, bicycles, and sporting equipment.
• Epoxy resins have strong adhesive properties, ensuring a secure bond with carbon fibers. This enhances the overall integrity and performance of the forged composite.
• Epoxy resins have a manageable curing process, which can be tailored to suit different manufacturing techniques, such as compression molding used in forged composites.

By End-User Type

“Automotive is anticipated to be the dominant end-user type of the market during the forecast period”.

• The market is segmented into automotive, sports, consumer goods, industrial, and aerospace.
• The manufacturing process for forged composites allows for the creation of complex shapes and intricate designs that are difficult to achieve with traditional materials. In addition to that, the unique appearance of forged composites can be leveraged in both visible parts and interior designs, adding to the aesthetic value of the vehicle.
• High-performance and luxury vehicle segments often lead the way in adopting advanced materials, and forged composites provide the necessary performance and aesthetic characteristics.
• Forged composites offer a high strength-to-weight ratio, allowing for enhanced vehicle performance without compromising safety. The durability and rigidity of forged composites make them ideal for structural parts, improving overall vehicle dynamics.
• The compression molding process used for forged composites is faster and more efficient than traditional methods, reducing production time and cost.

Regional Analysis

“Europe is likely to be the largest market whereas North America is the fastest growing market during the forecast period”.

• Europe took the largest share of the said market for several reasons. The region’s automotive and aerospace engineering industries have a record of innovation and experience in the implementation of forged composite products. This provided forged composite development and adoption with a solid base and knowledgeable workforce in Europe, meaning that this region became one of the leaders in this sphere. Secondly, forcible emissions regulation norms in Europe make the use of forged composites inevitable to reduce overall emissions hence driving the overall market growth.
• Europe has a strong presence in the luxury automotive segment, which has been at the forefront of adopting advanced materials like forged composites for performance and aesthetic enhancements.
• Economic growth in countries like China and India has led to an expanding middle class with increased disposable income. This demographic is driving demand for premium sports equipment and consumer goods that incorporate advanced materials like forged composites.
• There is a growing interest in sports and fitness activities across Asia-Pacific, leading to a higher demand for high-quality sports equipment such as golf clubs, tennis rackets, and bicycles, which benefit from the lightweight and strong properties of forged composites.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s forged composite market realities and future market possibilities for the forecast period. 
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Key Players

The market is partially fragmented across the region. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc. The following are the key players in the Forged Composite Market:

Here is the list of the Top Players (Based on Dominance)

• Callaway Golf
• Forged Carbon (Tecalemit Group)
• Mansory Design & Holding GmbH
• Action Composites
• Innovative Composite Engineering Inc.
• Real Carbon Inc.
• Bulgari
• Modern Composites Ltd.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Customization Options

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Market Dynamics

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Report Features

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