Final figures showing 2014 sales of metal forgings produced by independent (custom) forging plants in North America have been released by the Forging Industry Association (FIA). Total industry shipments for the custom impression-die forging industry were $8.2 billion in 2014, an increase of 12% from $7.3 billion in 2013. Bookings of impression-die forging orders during 2014 increased to $7.2 billion, 1.5% above 2013’s figure of $7.1 billion. The automotive sector (passenger cars/light trucks/SUVs and parts) accounted for 30% of this activity, with the aerospace commercial sector taking a 21% market share in 2014. Total industry shipments by the custom open-die forging industry were $2.1 billion in 2014, 12% above 2013. Bookings of open-die forging orders during 2014 amounted to $2.1 billion, or 20% greater than the $1.8 billion reported in 2013. Oil/gas field machinery and equipment commanded 30.3% of the open-die market segment. Total 2014 industry shipments for the custom seamless rolled-ring forging industry increased to $1.7 billion, 3% greater than 2013's volume. Bookings of seamless rolled-ring forgings for 2013 increased to $1.7 billion, 6% above 2013's $1.6 billion. Aerospace-commercial accounted for the majority of seamless rolled rings produced, with a market share of 45.4%.
FIA Releases 2014 North American Sales Figures
October 15, 2015