Forging industry

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 forging industries for automobile and non automobile components.

• The study was descriptive in nature and it tries to understand TVS Sundram Fasteners potential to diversify its business into Non automobile industries like Aerospace sector, Earthmoving and Construction and Equipment sector and Heavy engineering sector.

• The Non Automobile industry will have a steady growth in the future and these 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 the manufacturing sector of the Indian economy. The key demand driver is the automobile industry.

The other industries that use forgings include Railways, Defence, Oil Exploration, Cement, Steel Industry and other engineering Industries.

65per cent of the total forging production is used in Automobile sector.

COMPANY PROFILE Sundram Fasteners Limited is a part of the US $3 billion TVS Group,

headquartered in Chennai, India.

Sundram Fasteners has become a supplier of choice to leading customers in the automotive and industrial segments worldwide.

The company’s manufacturing facilities across the globe are all certified to ISO 14001 and adhere to the most stringent environment management standards.

The product range consists of high-tensile fasteners, powder metal components, cold extruded parts, hot forged components.

SCOPE OF STUDY

To study world and Indian market scenario of forging industries. To find out the technologies of other forging industries. To analyse the trend of non automobile industry. To find components for non automobile industry. To Identify end use of the other forging components. To find out the potential customers for the company. 

RESEARCH METHODOLOGY

The data needed to this project report is collected by secondary data only. This secondary data is fully equivalent to primary data.

The analysis of study was achieved by using simple statistical tools like trend analysis and displayed by line graphs.

Considerations for the research defined by TVS Sundaram Fasteners Limited

The products should of hot forging or cold forging.The components should not weight more than 4 kilograms.The product dimension should be less than 60 mm.The components should be manufactured from less than 1000 pressure ton

machines.

ANALYSIS AND INTERPRETATIONSTrend Graph for Global Aerospace industry

Sales in ($bn)

Trend Graph for Global MRO Industry

Sales in ($bn)

 Trend graph for Indian MRO Industry

Sales in ($bn)

 Trend graph for Earth moving sector

Sales in ($bn)

Trend graph for Heavy Engineering sector

Sales in ($bn)

RESEARCH FINDINGS

Aerospace industry The US represents the biggest aerospace market. Growth in the last 4 years has been 41.3%. Types of aircrafts -Civil aircraft and Military aircraft It is estimated that by the year 2027, the world’s airlines will take delivery of

29,400 civil airplanes with a total value of US$ 3.2 Trillion to keep pace with the growing demand for air travel.

The Chinese aerospace sector ranks among the world’s most dynamic sector due to the massive investment injected by the country.

In future, developing economies such as China, India, Mexico and Brazil are expected to emerge as huge marketplace for aerospace products.

•The Boeing Company• Airbus • United Technologies     Corporation• Lockheed Martin Corporation,• Raytheon Company• BAE Systems 

Potential Customers

Aerospace parts

Impellers Waveguides

Rectangular Straight Waveguide

Waveguide Transition

•Current market is of  US$2.3  billion .

•The industry's revenue and volume have recorded 40% growth               year-on-year between 2004 and 2006.

• Indian earthmoving industry to grow 5-fold by 2015 .

•The Indian Earth moving industry has the potential to grow fivefold     from its current size of US$2.3 billion to approximately US$12–13 billion by 2015, growing at 24% CAGR. 

•“as usual” growth will create a market of $8 billion by 2015. 

Major players

Earth Moving Sector parts

Potential cusomersFlange

Gears

Connecting Rod

Shafts

Pinions

Differential Cross 

Source: www.siflindia.com

•The engineering sector is categorized into heavy engineering and light engineering segments.

• Heavy engineering segment forms the majority of the engineering sector in India. 

•The exports of engineering products is expected to grow at a much higher rate in the next five years as compared to the current figure of $13.29 billion. 

•Engineering exports are estimated to touch $27.4 billion by 2009-2010 from the current level. 

Major players

Heavy Engineering Sector parts

Potential customersValve Body Gears

Pinions

Source: www.siflindia.com

RECOMMENDATION

The company should enter into non automobile sectors like

1. Aerospace industry

2. Heavy Engineering industry

3. Earthmoving and Construction Equipment IndustryThe company’s domestic sales and export business would grow if start

producing aerospace components.Entering Heavy Engineering industry and Earthmoving and Construction

Equipment Industry would increase the company’s revenue.The company should install machines which are advance in technology to

be competitive in non automobile Industry.The company should invest more in research and development activities.

LIMITATION OF THE STUDY

 Throughout the study most care has been taken to avoid errors so as to ensure authenticity and accuracy. But there is a possibility for some discrepancies to come in between due to following limitation:

The research is based only on secondary data.The study required extensive research, due to this factor time was a major

limitation. It is difficult to find the method of technology used to manufacture the

components until the size and the diameter of the component is known. It is difficult to find composition of raw materials in the components.

CONCLUSION

Sundram fasteners limited have a strong brand name of ethical values and consistent high quality product image. With over 40 years of experience in managing large scale process industries with sustained high level of performance, SFL meets the needs of the automobile industry. Fostering enduring relationships is at the core of SFL’s business philosophy – with vendors, business partners, and customers and within the organization between employees.

It is quite evident from this research carried out that the demand for non automobile components increases day by day especially in aerospace, heavy engineering and earthmoving sectors. Diversifying the business into these markets and manufacturing the components with improved technology would help the company to grow faster in this competitive environment.

           THANK YOU