What is the competitiveness of the forging industry in the United States? Please provide data and examples to illustrate and write an article about it.
The US forging manufacturing industry, once a global leader, has gradually lost market share in recent years. This article will explain the competitiveness of US forging factories in the market and the challenges they face.
Firstly, there is market share. In 2018, the market size of the US forging manufacturing industry was about 16 billion US dollars, while the market size of China’s manufacturing industry exceeded 38 billion US dollars. In addition, forging manufacturing companies from Japan and Germany are also competing with US companies.
US forging manufacturing companies also have relatively high manufacturing costs. According to data from the Forging Industry Association in the United States, the average manufacturing cost of US forging factories in 2019 was around 2,229 US dollars per ton, while the manufacturing cost of China’s manufacturing industry was only around 1,100 US dollars during the same period. Therefore, US forging manufacturing companies find it harder to adapt to market demands and remain competitive.
In addition, US forging manufacturing companies also face challenges in terms of technology and talent. Although the United States has the world’s best universities and research institutions, it still lacks a sufficient number and quality of engineers and technical personnel. Besides, the US forging manufacturing industry is also subject to policy and regulatory restrictions, such as fuel efficiency standards and emissions limits, which may increase US forging production costs and affect their market competitiveness.
However, US forging manufacturing companies still have advantages in certain fields. For example, in high-end technology fields such as aviation, energy, and defense, the US forging manufacturing industry has advanced technology and experience, and its product quality and safety are recognized and trusted.
In conclusion, the US forging manufacturing industry faces challenges in terms of market share and manufacturing costs and faces technological and talent bottlenecks, but still has advantages and market competitiveness in high-end technology fields.
