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Stock impact report

Forging Market Projected To Witness Substantial Growth, 2024-2031 [Yahoo! Finance]

Alcoa Corporation (AA) 
Last alcoa corporation earnings: 4/22 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
Company Research Source: Yahoo! Finance
to grow from $80.4 Billion in 2023 and is forecast to reach a value of $114.80 Billion by 2031 at a CAGR of 7.4% between 2024 and 2031. The Forging Market is driven by two main factors. Firstly, the increasing demand for lightweight and fuel-efficient vehicles is boosting the demand for forged components in the automotive industry. With stringent regulations regarding emissions and fuel efficiency, automakers are incorporating lightweight materials to reduce the overall weight of vehicles. Forged components, such as crankshafts, connecting rods, and gears, offer high strength-to-weight ratio, durability, and better performance, making them ideal for modern vehicles. This trend is expected to drive the growth of the Forging Market. Request Sample Copy of this Report: https://www.coherentmarketinsights.com/insight/request-sample/827 Secondly, the growing construction industry is also a major driver for the Forging Market. The construction sector requires heavy machinery and equipmen Show less Read more
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