The global Metal Forging market was valued at US$ 73830 million in 2022 and is projected to reach US$ 106400 million by 2029, at a CAGR of 5.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global Metal Forging market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The China market for Global Metal Forging market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global Metal Forging market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
Forging is a manufacturing process involving the shaping of a metal through hammering, pressing, or rolling.
Metal Forging Market aims to provide a comprehensive presentation of the global market for Metal Forging, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Metal Forging. Metal Forging Market contains market size and forecasts of Metal Forging in global, including the following market information:
- Global Metal Forging Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global Metal Forging Market Sales, 2018-2023, 2024-2029, (Kiloton)
- Global top five Metal Forging companies in 2022 (%)
Global Metal Forging key players include Precision Castparts Corp., Howmet Aerospace Inc., Nippon Steel, Thyssenkrupp, KOBELCO, etc. Global top five manufacturers hold a share over 13%.Asia-Pacific is the largest market, with a share over 61%, followed by Europe, and North America, both have a share over 31%.
In terms of product, Carbon Steel is the largest segment, with a share about 50%. And in terms of application, the largest application is Automotive, followed by Defense & Aerospace, etc.
We surveyed the Metal Forging manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Metal Forging Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Kiloton)
Global Metal Forging Market Segment Percentages, by Type, 2022 (%)
- Carbon Steel
- Alloy Steel
- Aluminum
- Magnesium
- Stainless Steel
- Titanium
- Others
Global Metal Forging Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Kiloton)
Global Metal Forging Market Segment Percentages, by Application, 2022 (%)
- Automotive
- Defense and Aerospace
- Shipbuilding
- Power Industry
- Oil and Gas
- Construction Machinery
- Agriculture
- Others
Global Metal Forging Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Kiloton)
Global Metal Forging Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Metal Forging revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Metal Forging revenues share in global market, 2022 (%)
- Key companies Metal Forging sales in global market, 2018-2023 (Estimated), (Kiloton)
- Key companies Metal Forging sales share in global market, 2022 (%)
key players include:
- Precision Castparts Corp. (Berkshire Hathaway)
- Howmet Aerospace Inc.
- Allegheny Technologies Incorporated (ATI)
- Thyssenkrupp
- Nippon Steel
- VSMPO-AVISMA
- KOBELCO
- Aichi Steel
- Aubert & Duval (Eramet)
- Bharat Forge
- American Axle and Manufacturing (AAM)
- AVIC Heavy Machinery
- Wanxiang Qianchao
- FAW
- FRISA
- Farinia Group
- Longcheng Precision Forging
- Pacific Precision Forging
- Jinma Industrial Group
- Mahindra Forgings Europe
- Jinan Sinotruck Co.
- CITIC Heavy Industries
- Dongfeng Forging
- Acerinox S.A.
- Jiangyin Hengrun Heavy Industries
- Tongyu Heavy Industry
- Wuxi Paike New Material Technology
- Scot Forge Company
- Xian Triangle Defence Incorporated Company
- Brck GmbH
Outline of Major Chapters:
Chapter 1: Introduces the definition of Metal Forging, market overview.
Chapter 2: Global Metal Forging market size in revenue and volume.
Chapter 3: Detailed analysis of Metal Forging manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Metal Forging in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Metal Forging capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
Industry Market Size
