Metal Forging Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	257 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19260673

Best Price Guarantee
Price	from $4,850
Length	257 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19260673

Metal Forging Market

Growth Factors of Metal Forging Market

The metal forging market size was valued at USD 81.13 billion in 2023, and the market is now projected to grow from USD 87.06 billion in 2024 to USD 157.94 billion by 2032, exhibiting a CAGR of 7.6% during the forecast period of 2024-2032.

The COVID-19 occurrence had a negative impact on every feature of the global economy, and this industry is no exclusion. The global pandemic and lockdown limitations enforced by numerous governments caused major disturbance in the complete forged metal components production supply chain. The market met a similar supply chain disaster due to the pandemic.

The speedy growth in the automotive industry is expected to surge the consumption of forged metals. Forged metals offer high strength, corrosion, and heat resistance properties. Such properties make it a perfect choice for various automotive parts, which include piston forgings and connecting rods. Furthermore, the increasing demand for nickel-containing austenitic grades of forged steel in automotive parts further propels the metal forging market growth. Forged steel helps to create automotive parts that are harder and more durable than casting & extrusion. Steel forging offers unmatched resilience and high-quality automotive components for market applications.

The technological development to make viable forged metal is surging the metal forging market growth during the estimate timeline. The worldwide megatrends, comprising urbanization, growing mobility, inhabitants & economic growth, and growing climate change, are prominent features boosting the market. Furthermore, growing CO2 emissions universally led numerous forged metal-producing companies to update and improve a viable choice that could be long-lasting and may be recycled at the end of their lifecycle.

Comprehensive Analysis of Metal Forging Market

The market can be segmented in various ways, depending on the focus of analysis such as by type, by stage and by application. Based on raw material, the market is classified into carbon steel, alloy steel, stainless steel, aluminum, magnesium, titanium, and others. Based on technology, the market is segmented into closed die, open die, and others. Based on end-user, market is segmented into automotive, mechanical equipment, aerospace & railways, and others.

Asia Pacific region is dominating the metal forging market share due to occurrence of key metal forging nations. Growing manufacturing abilities of end-use industries, such as automotive and general manufacturing, are chief factors motivating regional progression.

The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Wyman Gordon (U.S.), Shultz Steel (U.S.), Consolidated Industries, Inc. (U.S.), Pacific Forge Incorporated (U.S.), Otto Fuchs KG (Germany), Weber Metals California (U.S.), ATI Ladish LLC (U.S.), Patriot Forge Co. (Canada), Arconic Corporation (U.S.), Alcoa Corporation (U.S.), voestalpine BÖHLER Aerospace GmbH & Co KG (Austria), China National Erzhong Group Deyang Wanhang Die Forging Co., Ltd. (China), ThyssenKrupp AG (Germany), Scot Forge Company (U.S.), Precision Castparts Corp (U.S.), Bruck GmbH (Germany), ELLWOOD Group Inc. (U.S.), Lolu Alloys Ltd (UK), Ovako AB (Sweden), Celsa Group (Spain) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.

In May 2023, Arconic Corporation declared to enter into a definitive agreement to be acquired by the Apollo Global Management Inc. fund holders in an all-cash transaction deal for an estimated value of USD 5.2 billion. This contract will provide Arconic to back with one of the world's foremost investment firms and provide substantial value to customers and the end users of the products.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 7.6% during 2024-2032

Unit Value (USD Billion) Volume (Kiloton)

Segmentation By Raw Material

Carbon Steel

Alloy Steel

Stainless Steel

Aluminum

Magnesium

Titanium

Others

By Technology

Closed Die

Open Die

Others

By End-User

Automotive

Mechanical Equipment

Aerospace & Railways

Others

By Geography

North America (By Raw Material, By Technology, By End-User, By Country)

U.S.

Canada

Mexico

Europe (By Raw Material, By Technology, By End-User, By Country)

Germany

U.K.

France

Italy

Spain

Poland

Rest of Europe

Asia Pacific (By Raw Material, By Technology, By End-User, By Country)

China

Japan

India

South Korea

Taiwan

Rest of Asia Pacific

South America (By Raw Material, By Technology, By End-User, By Country)

Brazil

Argentina

Rest of South America

Middle East & Africa (By Raw Material, By Technology, By End-User, By Country)

GCC

Turkey

Rest of Middle East & Africa

1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities
4. Key Insights: 4.1. Key Market Trends in the Global Market; 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.; 4.3. Latest Technological Advancement; 4.4. Insights on Regulatory Scenario; 4.5. Porters Five Forces Analysis; 4.6. Impact of COVID-19 on the Market
5. Global Metal Forging Market Analysis, Insights and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. By Raw Material (Value/Volume); 5.2.1. Carbon Steel; 5.2.2. Alloy Steel; 5.2.3. Stainless Steel; 5.2.4. Aluminium; 5.2.5. Magnesium; 5.2.6. Titanium; 5.2.7. Others; 5.3. By Technology (Value/Volume); 5.3.1. Closed Die; 5.3.2. Open die; 5.3.3. Others; 5.4. By End-User (Value/Volume); 5.4.1. Automotive; 5.4.2. Mechanical Equipment; 5.4.3. Aerospace & Railways; 5.4.4. Others; 5.5. By Region (Value/Volume); 5.5.1. North America; 5.5.2. Europe; 5.5.3. Asia Pacific; 5.5.4. South America; 5.5.5. Middle East & Africa
6. North America Metal Forging Market Analysis, Insights and Forecast, 2019-2032: 6.1. Key Findings / Summary; 6.2. By Raw Material (Value/Volume); 6.2.1. Carbon Steel; 6.2.2. Alloy Steel; 6.2.3. Stainless Steel; 6.2.4. Aluminium; 6.2.5. Magnesium; 6.2.6. Titanium; 6.2.7. Others; 6.3. By Technology (Value/Volume); 6.3.1. Closed Die; 6.3.2. Open die; 6.3.3. Others; 6.4. By End-User (Value/Volume); 6.4.1. Automotive; 6.4.2. Mechanical Equipment; 6.4.3. Aerospace & Railways; 6.4.4. Others; 6.5. By Country; 6.5.1. U.S.; 6.5.2. Canada; 6.5.3. Mexico
7. Europe Metal Forging Market Analysis, Insights and Forecast, 2019-2032: 7.1. Key Findings / Summary; 7.2. By Raw Material (Value/Volume); 7.2.1. Carbon Steel; 7.2.2. Alloy Steel; 7.2.3. Stainless Steel; 7.2.4. Aluminium; 7.2.5. Magnesium; 7.2.6. Titanium; 7.2.7. Others; 7.3. By Technology (Value/Volume); 7.3.1. Closed Die; 7.3.2. Open die; 7.3.3. Others; 7.4. By End-User (Value/Volume); 7.4.1. Automotive; 7.4.2. Mechanical Equipment; 7.4.3. Aerospace & Railways; 7.4.4. Others; 7.5. By Country (Value/Volume); 7.5.1. Germany; 7.5.2. U.K.; 7.5.3. France; 7.5.4. Italy; 7.5.5. Spain; 7.5.6. Poland; 7.5.7. Rest of Europe
8. Asia-Pacific Metal Forging Market Analysis, Insights and Forecast, 2019-2032: 8.1. Key Findings / Summary; 8.2. By Raw Material (Value/Volume); 8.2.1. Carbon Steel; 8.2.2. Alloy Steel; 8.2.3. Stainless Steel; 8.2.4. Aluminium; 8.2.5. Magnesium; 8.2.6. Titanium; 8.2.7. Others; 8.3. By Technology (Value/Volume); 8.3.1. Closed Die; 8.3.2. Open die; 8.3.3. Others; 8.4. By End-User (Value/Volume); 8.4.1. Automotive; 8.4.2. Mechanical Equipment; 8.4.3. Aerospace & Railways; 8.4.4. Others; 8.5. By Country (Value/Volume); 8.5.1. China; 8.5.2. Japan; 8.5.3. India; 8.5.4. South Korea; 8.5.5. Taiwan; 8.5.6. Rest of Asia-Pacific
9. South America Metal Forging Market Analysis, Insights and Forecast, 2019-2032: 9.1. Key Findings / Summary; 9.2. By Raw Material (Value/Volume); 9.2.1. Carbon Steel; 9.2.2. Alloy Steel; 9.2.3. Stainless Steel; 9.2.4. Aluminium; 9.2.5. Magnesium; 9.2.6. Titanium; 9.2.7. Others; 9.3. By Technology (Value/Volume); 9.3.1. Closed Die; 9.3.2. Open die; 9.3.3. Others; 9.4. By End-User (Value/Volume); 9.4.1. Automotive; 9.4.2. Mechanical Equipment; 9.4.3. Aerospace & Railways; 9.4.4. Others; 9.5. By Country (Value/Volume); 9.5.1. Brazil; 9.5.2. Argentina; 9.5.3. Rest of South America
10. Middle East & Africa Metal Forging Market Analysis, Insights and Forecast, 2019-2032: 10.1. Key Findings / Summary; 10.2. By Raw Material (Value/Volume); 10.2.1. Carbon Steel; 10.2.2. Alloy Steel; 10.2.3. Stainless Steel; 10.2.4. Aluminium; 10.2.5. Magnesium; 10.2.6. Titanium; 10.2.7. Others; 10.3. By Technology (Value/Volume); 10.3.1. Closed Die; 10.3.2. Open die; 10.3.3. Others; 10.4. By End-User (Value/Volume); 10.4.1. Automotive; 10.4.2. Mechanical Equipment; 10.4.3. Aerospace & Railways; 10.4.4. Others; 10.5. By Country (Value/Volume); 10.5.1. GCC; 10.5.2. Turkey; 10.5.3. Rest of the Middle East & Africa
11. Competetive Analysis: 11.1. Company Market Share/ Ranking Analysis, 2023; 11.2. Company Profiles; 11.2.1. Wyman Gordon; 11.2.1.1. Overview; 11.2.1.2. Description; 11.2.1.3. Product Portfolio; 11.2.1.4. Financials (Data as available in public domain and/or on paid databases); 11.2.1.5. Recent Developments; 11.2.2. Shultz Steel; 11.2.2.1. Overview; 11.2.2.2. Description; 11.2.2.3. Product Portfolio; 11.2.2.4. Financials (Data as available in public domain and/or on paid databases); 11.2.2.5. Recent Developments; 11.2.3. Consolidated Industries, Inc.; 11.2.3.1. Overview; 11.2.3.2. Description; 11.2.3.3. Product Portfolio; 11.2.3.4. Financials (Data as available in public domain and/or on paid databases); 11.2.3.5. Recent Developments; 11.2.4. Pacific Forge Incorporated; 11.2.4.1. Overview; 11.2.4.2. Description; 11.2.4.3. Product Portfolio; 11.2.4.4. Financials (Data as available in public domain and/or on paid databases); 11.2.4.5. Recent Developments; 11.2.5. Otto Fuchs Germany; 11.2.5.1. Overview; 11.2.5.2. Description; 11.2.5.3. Product Portfolio; 11.2.5.4. Financials (Data as available in public domain and/or on paid databases); 11.2.5.5. Recent Developments; 11.2.6. Weber Metals California; 11.2.6.1. Overview; 11.2.6.2. Description; 11.2.6.3. Product Portfolio; 11.2.6.4. Financials (Data as available in public domain and/or on paid databases); 11.2.6.5. Recent Developments; 11.2.7. ATI Ladish LLC; 11.2.7.1. Overview; 11.2.7.2. Description; 11.2.7.3. Product Portfolio; 11.2.7.4. Financials (Data as available in public domain and/or on paid databases); 11.2.7.5. Recent Developments; 11.2.8. Patriot Forge Co.; 11.2.8.1. Overview; 11.2.8.2. Description; 11.2.8.3. Product Portfolio; 11.2.8.4. Financials (Data as available in public domain and/or on paid databases); 11.2.8.5. Recent Developments; 11.2.9. Arconic Corporation; 11.2.9.1. Overview; 11.2.9.2. Description; 11.2.9.3. Product Portfolio; 11.2.9.4. Financials (Data as available in public domain and/or on paid databases); 11.2.9.5. Recent Developments; 11.2.10. Alcoa Corporation; 11.2.10.1. Overview; 11.2.10.2. Description; 11.2.10.3. Product Portfolio; 11.2.10.4. Financials (Data as available in public domain and/or on paid databases); 11.2.10.5. Recent Developments; 11.2.11. voestalpine BÖHLER Aerospace GmbH & Co KG; 11.2.11.1. Overview; 11.2.11.2. Description; 11.2.11.3. Product Portfolio; 11.2.11.4. Financials (Data as available in public domain and/or on paid databases); 11.2.11.5. Recent Developments; 11.2.12. China National Erzhong Group Deyang Wanhang Die Forging Co., Ltd.; 11.2.12.1. Overview; 11.2.12.2. Description; 11.2.12.3. Product Portfolio; 11.2.12.4. Financials (Data as available in public domain and/or on paid databases); 11.2.12.5. Recent Developments; 11.2.13. ThyssenKrupp AG; 11.2.13.1. Overview; 11.2.13.2. Description; 11.2.13.3. Product Portfolio; 11.2.13.4. Financials (Data as available in public domain and/or on paid databases); 11.2.13.5. Recent Developments; 11.2.14. Scot Forge Company; 11.2.14.1. Overview; 11.2.14.2. Description; 11.2.14.3. Product Portfolio; 11.2.14.4. Financials (Data as available in public domain and/or on paid databases); 11.2.14.5. Recent Developments; 11.2.15. Precision Castparts Corp; 11.2.15.1. Overview; 11.2.15.2. Description; 11.2.15.3. Product Portfolio; 11.2.15.4. Financials (Data as available in public domain and/or on paid databases); 11.2.15.5. Recent Developments; 11.2.16. Bruck GmbH; 11.2.16.1. Overview; 11.2.16.2. Description; 11.2.16.3. Product Portfolio; 11.2.16.4. Financials (Data as available in public domain and/or on paid databases); 11.2.16.5. Recent Developments; 11.2.17. ELLWOOD Group Inc.; 11.2.17.1. Overview; 11.2.17.2. Description; 11.2.17.3. Product Portfolio; 11.2.17.4. Financials (Data as available in public domain and/or on paid databases); 11.2.17.5. Recent Developments; 11.2.18. Lolu Alloys Ltd; 11.2.18.1. Overview; 11.2.18.2. Description; 11.2.18.3. Product Portfolio; 11.2.18.4. Financials (Data as available in public domain and/or on paid databases); 11.2.18.5. Recent Developments; 11.2.19. Ovako AB; 11.2.19.1. Overview; 11.2.19.2. Description; 11.2.19.3. Product Portfolio; 11.2.19.4. Financials (Data as available in public domain and/or on paid databases); 11.2.19.5. Recent Developments; 11.2.20. Celsa Group; 11.2.20.1. Overview; 11.2.20.2. Description; 11.2.20.3. Product Portfolio; 11.2.20.4. Financials (Data as available in public domain and/or on paid databases); 11.2.20.5. Recent Developments
12. Strategic Recommendations