Forging Market Size & Share Report, Growth, Trends, 2032
Forging Market: By Product (Seamless Rings, Closed Die Forging, and Open Die Forging), By Application (Chassis Components, Powertrain Components, Transmission Parts, and Other Parts), and By End-User (Automotive, Aerospace, Oil & Gas, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 - 2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 84.64 Million | USD 175.36 Million | 8.43% | 2023 |
Table Of Content
- Chapter No. 1 : Preface
- 1.1. Report Description
- Chapter No. 2 : Research Methodology
- 2.1. Market Research Process
- 2.2. Secondary Research
- 2.3. Data Modeling
- 2.3.1. Company Share Analysis Model
- 2.3.2. Revenue-Based Models
- 2.4. Primary Research
- 2.5. Research Limitation
- Chapter No. 3 : Executive Summary
- 3.1. Global Forging Market, Vulume (Kilo Tons) and Revenue (USD Million), 2016 - 2026
- 3.2. Global Forging Market: Snapshot
- Chapter No. 4 : Forging Market – Industry Analysis
- 4.1. Introduction and Market Overview:
- 4.2. Market Drivers
- 4.2.1. Growing demand from aerospace & defense industry
- 4.2.2. Growing automotive industry
- 4.3. Restraints
- 4.3.1. Rising cost of raw materials
- 4.4. Opportunities
- 4.4.1. Increase in offshore spending and potential of new oilfield discovery
- 4.5. Porter’s Five Forces Analysis
- 4.6. Key Mandates & Regulations
- 4.7. SWOT Analysis
- Chapter No. 5 : Investment Proposition Analysis
- 5.1. Forging Market Attractiveness, By Product
- 5.2. Forging Market Attractiveness, By Application
- 5.3. Forging Market Attractiveness, By End-User
- 5.4. Forging Market Attractiveness, By Region
- 5.5. Forging Market Attractiveness, By Country
- Chapter No. 6 : Competitive Landscape
- 6.1. Company Market Share (%), 2016
- 6.2. Company Market Share (%), 2017
- 6.3. Company Market Share (%), 2018
- 6.4. Company Market Share (%), 2019
- 6.5. Company (Y-o-Y) Growth 2016-19 (%)
- 6.6. Strategic Development
- 6.6.1. Acquisitions & Mergers
- 6.6.2. New Product Launch
- 6.6.3. Agreements, Partnerships, Cullaborations, and Joint Ventures
- 6.6.4. Research and Development, and Regional Expansion
- Chapter No. 7 : Forging Market – Product Segment Analysis
- 7.1. Global Forging Market: by Product
- 7.1.1. Global Forging Market Revenue Share (%), by Product, 2019 & 2026
- 7.1.2. Global Forging Market by Seamless Rings, Vulume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
- 7.1.3. Global Forging Market by Closed Die Forging, Vulume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
- 7.1.4. Global Forging Market by Open Die Forging, Vulume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
- 7.1.5. Global Forging Market Analysis/ Overview – By Product
- 7.1.5.1. Seamless Rings – Overview/ Analysis
- 7.1.5.2. Closed Die Forging – Overview/ Analysis
- 7.1.5.3. Open Die Forging – Overview/ Analysis
- 7.1. Global Forging Market: by Product
- Chapter No. 8 : Forging Market – Application Segment Analysis
- 8.1. Global Forging Market: by Application
- 8.1.1. Global Forging Market Revenue Share (%), by Application, 2019 & 2026
- 8.1.2. Global Forging Market by Chassis Components, Vulume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
- 8.1.3. Global Forging Market by Powertrain Components, Vulume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
- 8.1.4. Global Forging Market by Transmission Parts, Vulume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
- 8.1.5. Global Forging Market by Other Parts, Vulume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
- 8.1.6. Global Forging Market Analysis/ Overview – By Application
- 8.1.6.1. Chassis Components – Overview/ Analysis
- 8.1.6.2. Powertrain Components – Overview/ Analysis
- 8.1.6.3. Transmission Parts – Overview/ Analysis
- 8.1.6.4. Other Parts – Overview/ Analysis
- 8.1. Global Forging Market: by Application
- Chapter No. 9 : Forging Market – End-User Segment Analysis
- 9.1. Global Forging Market: by End-User
- 9.1.1. Global Forging Market Revenue Share (%), by End-User, 2019 & 2026
- 9.1.2. Global Forging Market by Automotive, Vulume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
- 9.1.3. Global Forging Market by Aerospace, Vulume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
- 9.1.4. Global Forging Market by Oil & Gas, Vulume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
- 9.1.5. Global Forging Market by Others, Vulume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
- 9.1.6. Global Forging Market Analysis/ Overview – By End-User
- 9.1.6.1. Automotive – Overview/ Analysis
- 9.1.6.2. Aerospace – Overview/ Analysis
- 9.1.6.3. Oil & Gas – Overview/ Analysis
- 9.1.6.4. Others – Overview/ Analysis
- 9.1. Global Forging Market: by End-User
- Chapter No. 10 : Forging Market – Regional Analysis
- 10.1. Global Forging Market: Regional Overview
- 10.1.1. Global Forging Market (USD Million) (Kilo Tons) 2016 – 2026
- 10.1.1. Global Forging Market Revenue (USD Million) 2016 – 2026
- 10.2. North America Forging Market
- 10.2.1. Overview
- 10.2.2. North America Forging Market, (Kilo Tons) (USD Million) 2016 - 2026
- 10.2.3. North America Forging Market, Vulume (Kilo Tons) by Product, 2016 – 2026
- 10.2.4. North America Forging Market Revenue (USD Million) by Product, 2016 – 2026
- 10.2.5. North America Forging Market, Vulume (Kilo Tons) by Application, 2016 – 2026
- 10.2.6. North America Forging Market Revenue (USD Million) by Application, 2016 – 2026
- 10.2.7. North America Forging Market, Vulume (Kilo Tons) by End-User, 2016 – 2026
- 10.2.8. North America Forging Market Revenue (USD Million) by End-User, 2016 – 2026
- 10.2.9. U.S.
- 10.2.10. Canada
- 10.3. Europe Forging Market
- 10.3.1. Overview
- 10.3.2. Europe Forging Market, (Kilo Tons) (USD Million) 2016 - 2026
- 10.3.3. Europe Forging Market, Vulume (Kilo Tons) by Product, 2016 – 2026
- 10.3.4. Europe Forging Market Revenue (USD Million) by Product, 2016 – 2026
- 10.3.5. Europe Forging Market, Vulume (Kilo Tons) by Application, 2016 – 2026
- 10.3.6. Europe Forging Market Revenue (USD Million) by Application, 2016 – 2026
- 10.3.7. Europe Forging Market, Vulume (Kilo Tons) by End-User, 2016 – 2026
- 10.3.8. Europe Forging Market Revenue (USD Million) by End-User, 2016 – 2026
- 10.3.9. Germany
- 10.3.10. France
- 10.3.11. U.K.
- 10.3.12. Italy
- 10.3.13. Spain
- 10.3.14. Rest of Europe
- 10.4. Asia Pacific Forging Market
- 10.4.1. Overview
- 10.4.2. Asia Pacific Forging Market, (Kilo Tons) (USD Million) 2016 - 2026
- 10.4.3. Asia Pacific Forging Market, Vulume (Kilo Tons) by Product, 2016 – 2026
- 10.4.4. Asia Pacific Forging Market Revenue (USD Million) by Product, 2016 – 2026
- 10.4.5. Asia Pacific Forging Market, Vulume (Kilo Tons) by Application, 2016 – 2026
- 10.4.6. Asia Pacific Forging Market Revenue (USD Million) by Application, 2016 – 2026
- 10.4.7. Asia Pacific Forging Market, Vulume (Kilo Tons) by End-User, 2016 – 2026
- 10.4.8. Asia Pacific Forging Market Revenue (USD Million) by End-User, 2016 – 2026
- 10.4.9. China
- 10.4.10. Japan
- 10.4.11. India
- 10.4.12. South Korea
- 10.4.13. South-East Asia
- 10.4.14. Rest of Asia Pacific
- 10.5. Latin America Forging Market
- 10.5.1. Overview
- 10.5.2. Latin America Forging Market, (Kilo Tons) (USD Million) 2016 - 2026
- 10.5.3. Latin America Forging Market, Vulume (Kilo Tons) by Product, 2016 – 2026
- 10.5.4. Latin America Forging Market Revenue (USD Million) by Product, 2016 – 2026
- 10.5.5. Latin America Forging Market, Vulume (Kilo Tons) by Application, 2016 – 2026
- 10.5.6. Latin America Forging Market Revenue (USD Million) by Application, 2016 – 2026
- 10.5.7. Latin America Forging Market, Vulume (Kilo Tons) by End-User, 2016 – 2026
- 10.5.8. Latin America Forging Market Revenue (USD Million) by End-User, 2016 – 2026
- 10.5.9. Brazil
- 10.5.10. Mexico
- 10.5.11. Rest of Latin America
- 10.6. The Middle-East and Africa Forging Market
- 10.6.1. Overview
- 10.6.2. The Middle-East and Africa Forging Market, (Kilo Tons) (USD Million) 2016 - 2026
- 10.6.3. The Middle-East and Africa Forging Market, Vulume (Kilo Tons) by Product, 2016 – 2026
- 10.6.4. The Middle-East and Africa Forging Market Revenue (USD Million) by Product, 2016 – 2026
- 10.6.5. The Middle-East and Africa Forging Market, Vulume (Kilo Tons) by Application, 2016 – 2026
- 10.6.6. The Middle-East and Africa Forging Market Revenue (USD Million) by Application, 2016 – 2026
- 10.6.7. The Middle-East and Africa Forging Market, Vulume (Kilo Tons) by End-User, 2016 – 2026
- 10.6.8. The Middle-East and Africa Forging Market Revenue (USD Million) by End-User, 2016 – 2026
- 10.6.9. GCC Countries
- 10.6.10. South Africa
- 10.6.11. Rest of Middle-East Africa
- 10.1. Global Forging Market: Regional Overview
- Chapter No. 11 : Company Profiles
- 11.1. American Axle & Manufacturing Inc.
- 11.2. Alcoa Corp.
- 11.3. Bharat Forge Ltd.
- 11.4. Bruck GmbH
- 11.5. Allegheny Technulogies Inc.
- 11.6. Thyssenkrupp AG
- 11.7. Ellwood Group
- 11.8. Aichi Steel Corp.
- 11.9. Nippon Steel Corp.
- 11.10. Sumitomo Electric Industries Ltd.
- 11.11. Arconic Inc.
- 11.12. HHI Forging
- 11.13. Precision Castparts
- 11.14. General Dynamics Ordnance & Tactical Systems
- 11.15. Scot Forge
- 11.16. Sypris Sulutions
- 11.17. Others
- Chapter No. 12 : Forging Market – Premium Insights
- 12.1. Premium Insights from Primary Respondents
- 12.1.1. Primary Respondent 1
- 12.1.2. Primary Respondent 2
- 12.1.3. Primary Respondent 3
- 12.1.4. Primary Respondent 4
- 12.1. Premium Insights from Primary Respondents
Table Of Figures
List of Figures
FIG NO. 1 Research Methodology
FIG NO. 2 Market Research Process
FIG NO. 3 Secondary Research
FIG NO. 4 Company Share Analysis Model
FIG NO. 5 Revenue Based Model
FIG NO. 6 Primary Research
FIG NO. 7 Global Forging Market, Volume (Kilo Tons) and Revenue (USD Million), 2016 - 2026
FIG NO. 8 Porter’s Five Forces Analysis for Global Forging Market
FIG NO. 9 Global Forging Market Revenue Share (%) by Product, 2019 & 2026
FIG NO. 10 Global Forging Market by Seamless Rings, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 11 Global Forging Market by Closed Die Forging, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 12 Global Forging Market by Open Die Forging, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 13 Global Forging Market Revenue Share (%) by Product, 2019 & 2026
FIG NO. 14 Global Forging Market by Chassis Components, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 15 Global Forging Market by Powertrain Components, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 16 Global Forging Market by Transmission Parts, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 17 Global Forging Market by Other Parts, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 18 Global Forging Market Revenue Share (%) by Product, 2019 & 2026
FIG NO. 19 Global Forging Market by Automotive, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 20 Global Forging Market by Aerospace, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 21 Global Forging Market by Oil & Gas, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 22 Global Forging Market by Others, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 23 North America Forging Market, (Kilo Tons), (USD Million) 2016 - 2026
FIG NO. 24 Europe Forging Market, (Kilo Tons), (USD Million) 2016 - 2026
FIG NO. 25 Asia Pacific Forging Market, (Kilo Tons), (USD Million) 2016 - 2026
FIG NO. 26 Latin America Forging Market, (Kilo Tons), (USD Million) 2016 - 2026
FIG NO. 27 The Middle-East and Africa Forging Market, (Kilo Tons), (USD Million) 2016 - 2026
Table Of Tables
List of Tables
TABLE 1 Global Forging Market: Snapshot
TABLE 2 Drivers of the Forging Market: Impact Analysis
TABLE 3 Restraints for the Forging Market: Impact Analysis
TABLE 4 Global Forging Market Revenue (USD Million) (Kilo Tons), 2016 – 2026
TABLE 5 Global Forging Market Revenue (USD Million), 2016 – 2026
TABLE 6 North America Forging Market, Volume (Kilo Tons) by Product, 2016 – 2026
TABLE 7 North America Forging Market Revenue (USD Million) by Product, 2016 – 2026
TABLE 8 North America Forging Market, Volume (Kilo Tons) by Application, 2016 – 2026
TABLE 9 North America Forging Market Revenue (USD Million) by Application, 2016 – 2026
TABLE 10 North America Forging Market, Volume (Kilo Tons) by End-User, 2016 – 2026
TABLE 11 North America Forging Market Revenue (USD Million) by End-User, 2016 – 2026
TABLE 12 Europe Forging Market, Volume (Kilo Tons) by Product, 2016 – 2026
TABLE 13 Europe Forging Market Revenue (USD Million) by Product, 2016 – 2026
TABLE 14 Europe Forging Market, Volume (Kilo Tons) by Application, 2016 – 2026
TABLE 15 Europe Forging Market Revenue (USD Million) by Application, 2016 – 2026
TABLE 16 Europe Forging Market, Volume (Kilo Tons) by End-User, 2016 – 2026
TABLE 17 Europe Forging Market Revenue (USD Million) by End-User, 2016 – 2026
TABLE 18 Asia Pacific Forging Market, Volume (Kilo Tons) by Product, 2016 – 2026
TABLE 19 Asia Pacific Forging Market Revenue (USD Million) by Product, 2016 – 2026
TABLE 20 Asia Pacific Forging Market, Volume (Kilo Tons) by Application, 2016 – 2026
TABLE 21 Asia Pacific Forging Market Revenue (USD Million) by Application, 2016 – 2026
TABLE 22 Asia Pacific Forging Market, Volume (Kilo Tons) by End-User, 2016 – 2026
TABLE 23 Asia Pacific Forging Market Revenue (USD Million) by End-User, 2016 – 2026
TABLE 24 Latin America Forging Market, Volume (Kilo Tons) by Product, 2016 – 2026
TABLE 25 Latin America Forging Market Revenue (USD Million) by Product, 2016 – 2026
TABLE 26 Latin America Forging Market, Volume (Kilo Tons) by Application, 2016 – 2026
TABLE 27 Latin America Forging Market Revenue (USD Million) by Application, 2016 – 2026
TABLE 28 Latin America Forging Market, Volume (Kilo Tons) by End-User, 2016 – 2026
TABLE 29 Latin America Forging Market Revenue (USD Million) by End-User, 2016 – 2026
TABLE 30 The Middle-East and Africa Forging Market, Volume (Kilo Tons) by Product, 2016 – 2026
TABLE 31 The Middle-East and Africa Forging Market Revenue (USD Million) by Product, 2016 – 2026
TABLE 32 The Middle-East and Africa Forging Market, Volume (Kilo Tons) by Application, 2016 – 2026
TABLE 33 The Middle-East and Africa Forging Market Revenue (USD Million) by Application, 2016 – 2026
TABLE 34 The Middle-East and Africa Forging Market, Volume (Kilo Tons) by End-User, 2016 – 2026
TABLE 35 The Middle-East and Africa Forging Market Revenue (USD Million) by End-User, 2016 – 2026
Methodology
FrequentlyAsked Questions
Forging is a metal shaping process using compressive force. It produces strong and durable metal components.
The global Forging market is expected to be driven by the increasing demand for high-strength components in automotive, aerospace, and industrial machinery. Benefits of durability, fatigue resistance, and cost efficiency support growth.
According to study, the global Forging market size was worth around USD 84.64 Million in 2023 and is predicted to grow to around USD 175.36 Million By 2032.
The global Forging market is expected to grow at a Compound Annual Growth Rate (CAGR) of around CAGR 8.43% during the forecast period from 2024-2032.
The global Forging industry is projected to be challenged by Challenges include high energy consumption, capital-intensive equipment, and dependence on cyclical industries.
The Opportunities include automotive and aerospace demand, lightweight and high-strength components, EV platforms, and industrial machinery growth will offer significant growth opportunities in the Forging market.
Precision and near-net-shape forging techniques; automation and robotics in forging lines; lightweight forged components for automotive and aerospace are the emerging trends and innovations impacting the Forging market.
The global Forging market is expected to be led by APAC during the forecast period.
Some of the prominent players operating in the global Forging market are; American Axle & Manufacturing Inc., Alcoa Corp., Bharat Forge Ltd., Bruck GmbH, Allegheny Technologies Inc., Thyssenkrupp AG, Ellwood Group, Aichi Steel Corp., Nippon Steel Corp., Sumitomo Electric Industries Ltd., Arconic Inc., HHI Forging, Precision Castparts, General Dynamics Ordnance & Tactical Systems, Scot Forge, and Sypris Solutions, and others and others.
The report explores crucial aspects of the Forging market, including a detailed discussion of existing growth factors and restraints, while also browsing future growth opportunities and challenges that impact the market.
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