Global Metal Forgings Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

Global Metal Forgings Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Metal Forgings market size was valued at US$ 78310 million in 2024 and is forecast to a readjusted size of USD 113220 million by 2031 with a CAGR of 5.5% during review period.

Metal forgings are products created through the process of heating and applying pressure to metal materials to alter their shape. This process enhances the strength and durability of the metal while ensuring consistency and quality of the product. Metal forgings are commonly made from various metals such as aluminum, steel, titanium, and copper. Their characteristics include high mechanical performance, excellent toughness, and good structural integrity. They are widely used in industries such as aerospace, automotive manufacturing, energy, construction, and toolmaking to meet the demands for high-strength and high-performance components.

The metal forgings market is experiencing steady growth, driven by increasing demand for high-performance and durable components across various industrial sectors. Technological advancements and improvements in manufacturing processes are expanding the range of applications for forged products. Particularly in aerospace, automotive, and energy sectors, advanced materials and processes are driving the demand for high-performance forgings. Additionally, global economic recovery and increased infrastructure development are supporting market growth.

Key drivers of the metal forgings market include the increasing demand for high-strength and durable components, advancements in manufacturing technology, and the expansion of industrial production. The aerospace and automotive industries' need for lightweight and high-strength materials is driving the use of high-performance forgings. Additionally, investment in the energy sector and growth in infrastructure projects further promote market development. Furthermore, globalization and technological innovations that enhance production efficiency have reduced forging manufacturing costs, contributing to market growth.

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 15%.

This report is a detailed and comprehensive analysis for global Metal Forgings market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Metal Forgings market size and forecasts, in consumption value ($ Million), sales quantity (K Tons), and average selling prices (US$/Ton), 2020-2031

Global Metal Forgings market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Tons), and average selling prices (US$/Ton), 2020-2031

Global Metal Forgings market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Tons), and average selling prices (US$/Ton), 2020-2031

Global Metal Forgings market shares of main players, shipments in revenue ($ Million), sales quantity (K Tons), and ASP (US$/Ton), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Metal Forgings

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Metal Forgings market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Precision Castparts Corp., Howmet Aerospace Inc., ATI Inc., Thyssenkrupp, Nippon Steel, VSMPO-AVISMA, KOBELCO, Aichi Steel, Aubert & Duval, Bharat Forge, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Metal Forgings market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Carbon Steel
Alloy Steel
Aluminum
Magnesium
Stainless Steel
Titanium
Others

Market segment by Application
Automotive
Defense and Aerospace
Shipbuilding
Power Industry
Oil and Gas
Construction Machinery
Agriculture
Others

Major players covered
Precision Castparts Corp.
Howmet Aerospace Inc.
ATI Inc.
Thyssenkrupp
Nippon Steel
VSMPO-AVISMA
KOBELCO
Aichi Steel
Aubert & Duval
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
CIE Automotive
Sinotruck
CITIC Heavy Industries
Dongfeng Forging
Acerinox S.A.
Jiangyin Hengrun Heavy Industries
Tongyu Heavy Industry
Wuxi Paike New Material Technology
Scot Forge Company
Xi’an Triangle Defence Incorporated Company
Brück GmbH
Guizhou Aviation Technical
Wuxi Hyatech
Wanhang Die Forging

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Metal Forgings product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Metal Forgings, with price, sales quantity, revenue, and global market share of Metal Forgings from 2020 to 2025.

Chapter 3, the Metal Forgings competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Metal Forgings breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Metal Forgings market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Metal Forgings.

Chapter 14 and 15, to describe Metal Forgings sales channel, distributors, customers, research findings and conclusion.