Global Metal Forging Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

Segmented by Raw Material;

Steel, Aluminum, Magnesium, Nickel-Based Alloys, Titanium and Others.

Segmented by Type;

Closed-die Forging, Open-die Forging, Ring Rolling and Others.

Segmented by End-Use Industry;

Automotive, Aerospace & Defense, Power, Oil & Gas and Others.

Segmented by Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn191278977 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Metal Forging Market (USD Million), 2020 - 2030

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
# Global Market (USD Million), 2020 - 2030
2020 83.0
2021 88.4
2022 104.7
2023 118.5
2024 118.8
2025 126.9
2026 136.9
2027 154.6
2028 177.7
2029 186.5
2030 206.4

In the year 2023, the Global Metal Forging Market was valued at USD 83,808.60 million. The size of this market is expected to increase to USD 140,406.38 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 7.7%.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Raw Material
    2. Market Snapshot, By Type
    3. Market Snapshot, By End-Use Industry
    4. Market Snapshot, By Region
    5. Market Opportunity Map
  4. Global Metal Forging Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Surging demand for both passenger as well as commercial vehicles
        2. Growing commercial aircraft production
        3. Increasing defense spending
        4. Rising investments in infrastructure to boost the construction industry in the emerging economies
        5. Increasing demand for metal forged parts in the nuclear power industry
      2. Restraints
        1. Rising prices of raw materials
        2. Growing adoption of electric vehicles
      3. Opportunities
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bragaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Industry Rivalry
  5. Market Segmentation
    1. Global Metal Forging Market, By Raw Material, 2022 - 2032 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2024 and 2030 (%)
      3. Y-o-Y Growth Analysis, 2021 - 2030
      4. Segment Trends
        1. Steel
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        2. Aluminum
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        3. Magnesium
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        4. Nickel-Based Alloys
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        5. Titanium
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        6. Others
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
    2. Global Metal Forging Market, By Type, 2022 - 2032 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2024 and 2030 (%)
      3. Y-o-Y Growth Analysis, 2021 - 2030
      4. Segment Trends
        1. Closed-die Forging
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        2. Open-die Forging
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        3. Ring Rolling
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        4. Others
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
    3. Global Metal Forging Market, By End-Use Industry, 2022 - 2032 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2024 and 2030 (%)
      3. Y-o-Y Growth Analysis, 2021 - 2030
      4. Segment Trends
        1. Automotive
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        2. Aerospace & Defense
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        3. Power
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        4. Oil & Gas
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        5. Others
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
    4. Global Metal Forging Market, By Geography, 2022 - 2032 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2024 and 2030 (%)
      3. Y-o-Y Growth Analysis, 2021 - 2030
      4. Regional Trends
        1. North America
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
            1. United States
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
            2. Canada
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
        2. Europe
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
            1. Germany
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
            2. United Kingdom
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
            3. France
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
            4. Italy
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
            5. Spain
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
            6. Rest of Europe
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
        3. Asia Pacific
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
            1. Japan
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
            2. China
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
            3. India
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
            4. Australia & New Zealand
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
            5. South Korea
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
            6. ASEAN (Association of South East Asian Countries)
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
            7. Rest of Asia Pacific
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
        4. Middle East & Africa
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
            1. GCC
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
            2. Israel
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
            3. South Africa
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
            4. Rest of Middle East & Africa
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
        5. Latin America
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
            1. Brazil
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
            2. Mexico
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
            3. Argentina
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
            4. Rest of Latin America
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020 - 2030 (USD Million)
  6. Competitive Landscape
    1. Heat Map Analysis
    2. Company Profiles
      1. Arconic (US)
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      2. China First Heavy Industries (China)
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      3. ATI (US)
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      4. Bharat Forge (India)
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      5. JAPAN CASTING & FORGING CORP. (Japan)
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      6. LARSEN & TOUBRO LIMITED (India)
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      7. Brück GmbH (Germany)
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
  7. Analyst Views
  8. Future Outlook of the Market