FORECASTS ABOUT FORGING INDUSTRY

Forging is a metalworking process that involves shaping metal by applying compressive forces to a workpiece, typically using a hammer or press. The workpiece is heated to a temperature above its recrystallization temperature, making it more pliable and easier to shape. Forging is well-suited for producing strong and durable components that can withstand high loads and stress. The forging industry is expected to grow in the coming years due to increasing demand for advanced and high-strength components in various industries such as automotive, aerospace, defence, and construction. As per the reports, the metal forging market is expected to touch USD 130.51 Billion by 2028, growing at a CAGR of around 6.34% between 2021 and 2028.

Additionally, the increasing use of lightweight materials and the growing trend of miniaturization are also expected to drive the growth of the forging industry. The use of automation and advanced technologies such as 3D printing and computer-aided design is also expected to improve efficiency and reduce costs in the industry.

IQS Engineering Solutions is involved in various kinds of forging including aluminium forging, brass forging, copper forging and bronze forging.

Impact on Automotive Industry

Forging is expected to play a significant role in shaping the automotive industry, as it offers several advantages over other manufacturing processes. Forged components are stronger and more durable than those made from other materials, which is crucial for safety-critical automotive parts such as crankshafts, connecting rods, and steering components.

Additionally, forging can be used to create complex shapes and geometries that are difficult to achieve using other manufacturing methods, making it well suited for light-weighted and energy-efficient vehicles. The use of advanced alloys, such as aluminium and titanium, in forging can also help reduce the weight of vehicles, which in turn improves fuel efficiency and reduces emissions.

Impact on the Electrical Industry

Forging is expected to play an important role in shaping the electrical industry, particularly in the production of components for power generation and transmission equipment. Forging is well-suited for the manufacture of large, complex components such as turbine blades, rotor shafts, and generator components which are used in power generation equipment such as hydroelectric, wind, and gas turbines. The strength and durability of forged components make them well-suited for use in high-stress, high-temperature environments, which is crucial for power generation equipment.

In addition to that, forging can also be used to produce components for electrical motors and generators, which are used in a variety of industrial and consumer applications. The use of automation and digitization in the forging process can help improve the efficiency and precision of the manufacturing process, which can lower the cost of producing electrical components.

IQS Engineering Solutions has always been ahead of its competitors and provides superior quality products to its consumers. The company being the leader in non-ferrous forging and casting, apart from its main products, is also involved in manufacturing pool cover anchors, single gauge main fold, quick release connector, brass burners and valve and controls. Apart from forging, IQS is also involved in aluminium casting, brass casting, sand casting, gravity die casting and shell moulding.

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