Global Forging Market by Size, by Type, by Application, by Region, History and Forecast 2019-2030

Global Forging Market by Size, by Type, by Application, by Region, History and Forecast 2019-2030


Summary

Forging is a manufacturing process involving the shaping of metal using localized compressive forces. The blows are delivered with a hammer (often a power hammer) or a die. Forging is often classified according to the temperature at which it is performed: cold forging (a type of cold working), warm forging, or hot forging (a type of hot working). For the latter two, the metal is heated, usually in a forge. Forged parts can range in weight from less than a kilogram to hundreds of metric tons. Forging has been done by smiths for millennia; the traditional products were kitchenware, hardware, hand tools, edged weapons, cymbals, and jewellery. Since the Industrial Revolution, forged parts are widely used in mechanisms and machines wherever a component requires high strength; such forgings usually require further processing (such as machining) to achieve a finished part. Today, forging is a major worldwide industry.
According to APO Research, The global Forging market is projected to grow from US$ million in 2024 to US$ million by 2030, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.
The US & Canada market for Forging is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
Asia-Pacific market for Forging is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
The China market for Forging is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
Europe market for Forging is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
The major global manufacturers of Forging include Nippon Steel & Sumitomo Metal, Aichi Steel, Thyssenkrupp, AAM, Bharat Forge, KOBELCO, WanXiang, FAW and Arconic, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
In terms of production side, this report researches the Forging production, growth rate, market share by manufacturers and by region (region level and country level), from 2019 to 2024, and forecast to 2030.
In terms of consumption side, this report focuses on the sales of Forging by region (region level and country level), by company, by type and by application. from 2019 to 2024 and forecast to 2030.
This report presents an overview of global market for Forging, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.
This report researches the key producers of Forging, also provides the consumption of main regions and countries. Of the upcoming market potential for Forging, and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Forging sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the global Forging market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by type and by application, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Forging sales, projected growth trends, production technology, application and end-user industry.

Forging segment by Company

Nippon Steel & Sumitomo Metal
Aichi Steel
Thyssenkrupp
AAM
Bharat Forge
KOBELCO
WanXiang
FAW
Arconic
Mahindra Forgings Europe
Farinia
Longcheng Forging
Sinotruck
Dongfeng Forging
Jiangsu Pacific Precision Forging
Sypris Solutions
Ashok Leyland
Allegheny Technologies
VDM Metals
CITIC Heavy Industries
Forging segment by Type

Closed Die Forgings
Open Die Forgings
Rolled Rings Forgings
Forging segment by Application

Automotive
Aerospace
Agricultural
General Industrial
Other
Forging segment by Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Study Objectives

1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Forging market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Forging and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Forging.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Provides an overview of the Forging market, including product definition, global market growth prospects, production value, capacity, and average price forecasts (2019-2030).
Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Forging industry.
Chapter 3: Detailed analysis of Forging market competition landscape. Including Forging manufacturers' output value, output and average price from 2019 to 2024, as well as competition analysis indicators such as origin, product type, application, 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: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 7: Production/Production Value of Forging by region. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 8: Consumption of 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, and production of each country in the world.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Concluding Insights of the report.


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Forging Production Value Estimates and Forecasts (2019-2030)
1.2.2 Global Forging Production Capacity Estimates and Forecasts (2019-2030)
1.2.3 Global Forging Production Estimates and Forecasts (2019-2030)
1.2.4 Global Forging Market Average Price (2019-2030)
1.3 Assumptions and Limitations
1.4 Study Goals and Objectives
2 Global Forging Market Dynamics
2.1 Forging Industry Trends
2.2 Forging Industry Drivers
2.3 Forging Industry Opportunities and Challenges
2.4 Forging Industry Restraints
3 Forging Market by Manufacturers
3.1 Global Forging Production Value by Manufacturers (2019-2024)
3.2 Global Forging Production by Manufacturers (2019-2024)
3.3 Global Forging Average Price by Manufacturers (2019-2024)
3.4 Global Forging Industry Manufacturers Ranking, 2022 VS 2023 VS 2024
3.5 Global Forging Key Manufacturers Manufacturing Sites & Headquarters
3.6 Global Forging Manufacturers, Product Type & Application
3.7 Global Forging Manufacturers Commercialization Time
3.8 Market Competitive Analysis
3.8.1 Global Forging Market CR5 and HHI
3.8.2 Global Top 5 and 10 Forging Players Market Share by Production Value in 2023
3.8.3 2023 Forging Tier 1, Tier 2, and Tier 3
4 Forging Market by Type
4.1 Forging Type Introduction
4.1.1 Closed Die Forgings
4.1.2 Open Die Forgings
4.1.3 Rolled Rings Forgings
4.2 Global Forging Production by Type
4.2.1 Global Forging Production by Type (2019 VS 2023 VS 2030)
4.2.2 Global Forging Production by Type (2019-2030)
4.2.3 Global Forging Production Market Share by Type (2019-2030)
4.3 Global Forging Production Value by Type
4.3.1 Global Forging Production Value by Type (2019 VS 2023 VS 2030)
4.3.2 Global Forging Production Value by Type (2019-2030)
4.3.3 Global Forging Production Value Market Share by Type (2019-2030)
5 Forging Market by Application
5.1 Forging Application Introduction
5.1.1 Automotive
5.1.2 Aerospace
5.1.3 Agricultural
5.1.4 General Industrial
5.1.5 Other
5.2 Global Forging Production by Application
5.2.1 Global Forging Production by Application (2019 VS 2023 VS 2030)
5.2.2 Global Forging Production by Application (2019-2030)
5.2.3 Global Forging Production Market Share by Application (2019-2030)
5.3 Global Forging Production Value by Application
5.3.1 Global Forging Production Value by Application (2019 VS 2023 VS 2030)
5.3.2 Global Forging Production Value by Application (2019-2030)
5.3.3 Global Forging Production Value Market Share by Application (2019-2030)
6 Company Profiles
6.1 Nippon Steel & Sumitomo Metal
6.1.1 Nippon Steel & Sumitomo Metal Comapny Information
6.1.2 Nippon Steel & Sumitomo Metal Business Overview
6.1.3 Nippon Steel & Sumitomo Metal Forging Production, Value and Gross Margin (2019-2024)
6.1.4 Nippon Steel & Sumitomo Metal Forging Product Portfolio
6.1.5 Nippon Steel & Sumitomo Metal Recent Developments
6.2 Aichi Steel
6.2.1 Aichi Steel Comapny Information
6.2.2 Aichi Steel Business Overview
6.2.3 Aichi Steel Forging Production, Value and Gross Margin (2019-2024)
6.2.4 Aichi Steel Forging Product Portfolio
6.2.5 Aichi Steel Recent Developments
6.3 Thyssenkrupp
6.3.1 Thyssenkrupp Comapny Information
6.3.2 Thyssenkrupp Business Overview
6.3.3 Thyssenkrupp Forging Production, Value and Gross Margin (2019-2024)
6.3.4 Thyssenkrupp Forging Product Portfolio
6.3.5 Thyssenkrupp Recent Developments
6.4 AAM
6.4.1 AAM Comapny Information
6.4.2 AAM Business Overview
6.4.3 AAM Forging Production, Value and Gross Margin (2019-2024)
6.4.4 AAM Forging Product Portfolio
6.4.5 AAM Recent Developments
6.5 Bharat Forge
6.5.1 Bharat Forge Comapny Information
6.5.2 Bharat Forge Business Overview
6.5.3 Bharat Forge Forging Production, Value and Gross Margin (2019-2024)
6.5.4 Bharat Forge Forging Product Portfolio
6.5.5 Bharat Forge Recent Developments
6.6 KOBELCO
6.6.1 KOBELCO Comapny Information
6.6.2 KOBELCO Business Overview
6.6.3 KOBELCO Forging Production, Value and Gross Margin (2019-2024)
6.6.4 KOBELCO Forging Product Portfolio
6.6.5 KOBELCO Recent Developments
6.7 WanXiang
6.7.1 WanXiang Comapny Information
6.7.2 WanXiang Business Overview
6.7.3 WanXiang Forging Production, Value and Gross Margin (2019-2024)
6.7.4 WanXiang Forging Product Portfolio
6.7.5 WanXiang Recent Developments
6.8 FAW
6.8.1 FAW Comapny Information
6.8.2 FAW Business Overview
6.8.3 FAW Forging Production, Value and Gross Margin (2019-2024)
6.8.4 FAW Forging Product Portfolio
6.8.5 FAW Recent Developments
6.9 Arconic
6.9.1 Arconic Comapny Information
6.9.2 Arconic Business Overview
6.9.3 Arconic Forging Production, Value and Gross Margin (2019-2024)
6.9.4 Arconic Forging Product Portfolio
6.9.5 Arconic Recent Developments
6.10 Mahindra Forgings Europe
6.10.1 Mahindra Forgings Europe Comapny Information
6.10.2 Mahindra Forgings Europe Business Overview
6.10.3 Mahindra Forgings Europe Forging Production, Value and Gross Margin (2019-2024)
6.10.4 Mahindra Forgings Europe Forging Product Portfolio
6.10.5 Mahindra Forgings Europe Recent Developments
6.11 Farinia
6.11.1 Farinia Comapny Information
6.11.2 Farinia Business Overview
6.11.3 Farinia Forging Production, Value and Gross Margin (2019-2024)
6.11.4 Farinia Forging Product Portfolio
6.11.5 Farinia Recent Developments
6.12 Longcheng Forging
6.12.1 Longcheng Forging Comapny Information
6.12.2 Longcheng Forging Business Overview
6.12.3 Longcheng Forging Forging Production, Value and Gross Margin (2019-2024)
6.12.4 Longcheng Forging Forging Product Portfolio
6.12.5 Longcheng Forging Recent Developments
6.13 Sinotruck
6.13.1 Sinotruck Comapny Information
6.13.2 Sinotruck Business Overview
6.13.3 Sinotruck Forging Production, Value and Gross Margin (2019-2024)
6.13.4 Sinotruck Forging Product Portfolio
6.13.5 Sinotruck Recent Developments
6.14 Dongfeng Forging
6.14.1 Dongfeng Forging Comapny Information
6.14.2 Dongfeng Forging Business Overview
6.14.3 Dongfeng Forging Forging Production, Value and Gross Margin (2019-2024)
6.14.4 Dongfeng Forging Forging Product Portfolio
6.14.5 Dongfeng Forging Recent Developments
6.15 Jiangsu Pacific Precision Forging
6.15.1 Jiangsu Pacific Precision Forging Comapny Information
6.15.2 Jiangsu Pacific Precision Forging Business Overview
6.15.3 Jiangsu Pacific Precision Forging Forging Production, Value and Gross Margin (2019-2024)
6.15.4 Jiangsu Pacific Precision Forging Forging Product Portfolio
6.15.5 Jiangsu Pacific Precision Forging Recent Developments
6.16 Sypris Solutions
6.16.1 Sypris Solutions Comapny Information
6.16.2 Sypris Solutions Business Overview
6.16.3 Sypris Solutions Forging Production, Value and Gross Margin (2019-2024)
6.16.4 Sypris Solutions Forging Product Portfolio
6.16.5 Sypris Solutions Recent Developments
6.17 Ashok Leyland
6.17.1 Ashok Leyland Comapny Information
6.17.2 Ashok Leyland Business Overview
6.17.3 Ashok Leyland Forging Production, Value and Gross Margin (2019-2024)
6.17.4 Ashok Leyland Forging Product Portfolio
6.17.5 Ashok Leyland Recent Developments
6.18 Allegheny Technologies
6.18.1 Allegheny Technologies Comapny Information
6.18.2 Allegheny Technologies Business Overview
6.18.3 Allegheny Technologies Forging Production, Value and Gross Margin (2019-2024)
6.18.4 Allegheny Technologies Forging Product Portfolio
6.18.5 Allegheny Technologies Recent Developments
6.19 VDM Metals
6.19.1 VDM Metals Comapny Information
6.19.2 VDM Metals Business Overview
6.19.3 VDM Metals Forging Production, Value and Gross Margin (2019-2024)
6.19.4 VDM Metals Forging Product Portfolio
6.19.5 VDM Metals Recent Developments
6.20 CITIC Heavy Industries
6.20.1 CITIC Heavy Industries Comapny Information
6.20.2 CITIC Heavy Industries Business Overview
6.20.3 CITIC Heavy Industries Forging Production, Value and Gross Margin (2019-2024)
6.20.4 CITIC Heavy Industries Forging Product Portfolio
6.20.5 CITIC Heavy Industries Recent Developments
7 Global Forging Production by Region
7.1 Global Forging Production by Region: 2019 VS 2023 VS 2030
7.2 Global Forging Production by Region (2019-2030)
7.2.1 Global Forging Production by Region: 2019-2024
7.2.2 Global Forging Production by Region (2025-2030)
7.3 Global Forging Production by Region: 2019 VS 2023 VS 2030
7.4 Global Forging Production Value by Region (2019-2030)
7.4.1 Global Forging Production Value by Region: 2019-2024
7.4.2 Global Forging Production Value by Region (2025-2030)
7.5 Global Forging Market Price Analysis by Region (2019-2024)
7.6 Regional Production Value Trends (2019-2030)
7.6.1 North America Forging Production Value (2019-2030)
7.6.2 Europe Forging Production Value (2019-2030)
7.6.3 Asia-Pacific Forging Production Value (2019-2030)
7.6.4 Latin America Forging Production Value (2019-2030)
7.6.5 Middle East & Africa Forging Production Value (2019-2030)
8 Global Forging Consumption by Region
8.1 Global Forging Consumption by Region: 2019 VS 2023 VS 2030
8.2 Global Forging Consumption by Region (2019-2030)
8.2.1 Global Forging Consumption by Region (2019-2024)
8.2.2 Global Forging Consumption by Region (2025-2030)
8.3 North America
8.3.1 North America Forging Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
8.3.2 North America Forging Consumption by Country (2019-2030)
8.3.3 U.S.
8.3.4 Canada
8.4 Europe
8.4.1 Europe Forging Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
8.4.2 Europe Forging Consumption by Country (2019-2030)
8.4.3 Germany
8.4.4 France
8.4.5 U.K.
8.4.6 Italy
8.4.7 Netherlands
8.5 Asia Pacific
8.5.1 Asia Pacific Forging Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
8.5.2 Asia Pacific Forging Consumption by Country (2019-2030)
8.5.3 China
8.5.4 Japan
8.5.5 South Korea
8.5.6 Southeast Asia
8.5.7 India
8.5.8 Australia
8.6 LAMEA
8.6.1 LAMEA Forging Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
8.6.2 LAMEA Forging Consumption by Country (2019-2030)
8.6.3 Mexico
8.6.4 Brazil
8.6.5 Turkey
8.6.6 GCC Countries
9 Value Chain and Sales Channels Analysis
9.1 Forging Value Chain Analysis
9.1.1 Forging Key Raw Materials
9.1.2 Raw Materials Key Suppliers
9.1.3 Manufacturing Cost Structure
9.1.4 Forging Production Mode & Process
9.2 Forging Sales Channels Analysis
9.2.1 Direct Comparison with Distribution Share
9.2.2 Forging Distributors
9.2.3 Forging Customers
10 Concluding Insights
11 Appendix
11.1 Reasons for Doing This Study
11.2 Research Methodology
11.3 Research Process
11.4 Authors List of This Report
11.5 Data Source
11.5.1 Secondary Sources
11.5.2 Primary Sources
11.6 Disclaimer

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