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Forging industry

Forging industry

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Published by nandeeshkumar22

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Categories:Types, Research
Published by: nandeeshkumar22 on Feb 25, 2010
Copyright:Attribution Non-commercial

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05/16/2013

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RESEARCH ON FORGING INDUSTRIES FOR NON AUTOMOBILE COMPONENTS
Presented By:
Nandeesh kumar L
 
EXECUTIVE SUMMARY
The project aimed to assess the world and Indian market scenario of forgingindustries for automobile and non automobile components.
The study was descriptive in nature and it tries to understand TVSSundram Fasteners potential to diversify its business into Non automobileindustries like Aerospace sector, Earthmoving and Construction andEquipment sector and Heavy engineering sector.
The Non Automobile industry will have a steady growth in the future andthese markets require products manufactured with high end technology.
 
INDUSTRY PROFILE
The composition of the Indian forging industry can be categorized into four sectors - large, medium, small and tiny.
The Indian forging industry has evolved as a major contributor to themanufacturing sector of the Indian economy. The key demand driver is theautomobile industry.
The other industries that use forgings include Railways, Defence, OilExploration, Cement, Steel Industry and other engineering Industries.
65per cent of the total forging production is used in Automobile sector.

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