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Information @ a Glance

Introduction

  • Forging is the term for shaping metal by using localized compressive forces.
  • Cold forging is done at room temperature or near room temperature.
  • Hot forging is done at a high temperature, which makes metal easier to shape and less likely to fracture.
  • Forging is divided into three main methods: hammer, press, and rolled types.

Process

  • Forging is manufacturing process where metal is pressed, pounded or squeezed under great pressure into high strength parts known as forgings.
  • Forgings of great size are often found in industrial equipment and machinery used by the steel, textile, paper, power generation and transmission, chemical and refinery industries to name just a few.

Production and Market Report

  • The forging industry is at present mostly dependent on Indian steel for domestic sales and finished product exports.
  • The Indian Forging Industry has emerged as a major contributor to the manufacturing sector of the Indian economy.
  • India is the second fastest growing economy in the world.
  • The application of forged products is not limited to automotive sector alone and there is ample scope for expanding the market of forgings to various sectors.
  • Poland is the sixth European manufacturer of these products, just after Germany, Italy, France, Great Britain and Spain.

Future and Demand

  • Forging demand is largely derived from the automobile sector with the engineering sector, defense and railways accounting for the rest.
  • The key to sustainable growth of the forging industry is continual improvement in quantified terms of production, quality and intangible areas like attitude and commitment to an objective.
  • Today, India’s forging Industry not only meets almost the entire domestic demand of forgings, but is also a large exporter and is making a significant contribution to India's exports.
  • The future looks encouraging for the forging industry in terms of the expected surge in global demand.

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