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|Current State of the Industry|
|Market Size (industry trends)|
|Market Forecast (5-year projection)|
|Revenue per State|
|Salary & Compensation Statistics|
|Public Company Information|
|Key Private Companies|
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2023 U.S. Industry Statistics & Market Forecast - Nonferrous Forging
Market Size & Industry Statistics
The total U.S. industry market size for Nonferrous Forging:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
|Statistics||2017 2018 2019 2020 2021 2022|
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|Average Revenue Per Firm|
|Average Employees Per Firm|
|Average Revenue Per Employee|
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.
|Forecast / Industry Outlook||2023||2024||2025||2026||2027||2028|
|Market Forecast ($ millions)|
|Projected Industry Growth Rate (%)|
Industry InsightsThe Nonferrous Forging industry is facing several key trends that are shaping its direction and growth potential. One of the most critical trends is the increasing demand for lightweight materials in various manufacturing processes. Nonferrous forgings provide a lightweight alternative to steel forgings and have the added benefits of high strength, corrosion resistance, and excellent heat resistance. This trend is likely to continue driving the growth of the nonferrous forging industry in the near future.
Another significant trend is the increasing demand for custom forging solutions. Customers are now looking for highly specialized components that address their specific needs, and nonferrous forgings are being sought after for their suitability for customization. This trend is also being driven by the rising need for innovative solutions, especially in industries such as aerospace, automotive, and medical devices.
The Nonferrous Forging industry is also experiencing a growing focus on forging process and material improvements. Research and development are being done to develop new alloys and forging techniques that are more efficient, cost-effective, and eco-friendly. This includes the use of advanced simulations to optimize the forging process and reduce lead time. The adoption of new technologies such as additive manufacturing and artificial intelligence is also being explored to enhance production efficiency and quality.
Finally, there is an increasing demand for sustainable and environmentally friendly practices in the nonferrous forging industry. This trend is being driven by customers who are increasingly conscious of their carbon footprint and demand environmentally friendly products. As a result, the industry is adopting sustainable practices such as recycling and reducing energy consumption during the forging process.
Product & Services BreakdownResearch products and services in the Nonferrous Forging industry generating sales. Note that products are broken into categories with different levels of classification.
|Product Description||Sales ($ millions)||Percent of Total Sales|
Iron And Steel Forging
Hot Impression Die Impact, Press, And Upset Steel Forgings
Hot Impression Die Impact, Press, And Upset Nonferrous Forgings
All Other Nonferrous Forgings
Total Miscellaneous Receipts
U.S. Geographic Distribution: Revenue Statistics by StateMarket Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.
|Industry Average||Percent of Sales|
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|Cost of Goods Sold|
|Pension, profit sharing plans, stock, annuity|
|Rent paid on business property|
|Domestic production activities deduction|
|Compensation of officers|
|Salaries and wages|
|Employee benefit programs|
|Taxes and Licenses|
|Other Operating Expenses|
|Total Operating Expenses|
|EBIT (Earnings Before Interest and Taxes)|
|Earnings Before Taxes|
Financial Ratio AnalysisFinancial ratio information can be used to benchmark how a Nonferrous Forging company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.
|Profitability & Valuation Ratios||Industry Average|
|Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Nonferrous Forging industry is performing.|
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
|Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
|Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Nonferrous Forging measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.
|Liquidity Ratios||Industry Average|
|Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.|
Measures a firm's ability to pay its debts over the next 12 months.
|Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.
|Efficiency Ratios - Key Performance Indicators||Industry Average|
|Measure how quickly products and services sell, and effectively collections policies are implemented.|
|Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
|Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.
Compensation & Salary Surveys for EmployeesCompensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.
|Title||Percent of Workforce||Bottom Quartile||Average (Median) Salary||Upper Quartile|
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|General and Operations Managers||3%|
|Office and Administrative Support Occupations||9%|
|Assemblers and Fabricators||11%|
|Miscellaneous Assemblers and Fabricators||8%|
|Metal Workers and Plastic Workers||29%|
|Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic||7%|
|Welding, Soldering, and Brazing Workers||8%|
|Welders, Cutters, Solderers, and Brazers||8%|
|Other Production Occupations||14%|
|Computer Numerically Controlled Tool Operators and Programmers||5%|
|Transportation and Material Moving Occupations||6%|
Nonferrous Forging Competitor Landscape & Key Companies [PREMIUM]The most influential companies in the Nonferrous Forging industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Nonferrous Forging industry and adjacent sectors:
Companies with the largest market share, focused in this industry
|Market leaders: |
Largest companies that have diversified operations in this and other industries
Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators and Disruptors in adjacent industries that may also affect the Nonferrous Forging industry.
Government ContractsIn 2022, the federal government spent a total of $16,719,065 on Nonferrous Forging. It has awarded 2956 contracts to 461 companies, with an average value of $36,267 per company.
|Most Recent Contracts||Date||Total Award Amount|
|ARKWIN INDUSTRIES, INC. |
686 Main St
|Mar 28, 2023||$4,519|