Global Metal Forging Market 2024-2028

Global Metal Forging Market 2024-2028

The metal forging market is forecasted to grow by USD 33291.08 mn during 2023-2028, accelerating at a CAGR of 6.85% during the forecast period. The report on the metal forging market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by high demand for advanced materials and alloys, increased mergers and acquisitions, and high growth of the construction sector.

Technavio's metal forging market is segmented as below:

By Material

• Carbon steel
• Aluminum
• Stainless steel
• Others

By Application

• Automotive
• Aerospace and defense
• Construction and others

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies infrastructure development as one of the prime reasons driving the metal forging market growth during the next few years. Also, technological innovations and the rising need for superior-quality products will lead to sizable demand in the market.

The report on the metal forging market covers the following areas:

• Metal forging market sizing
• Metal forging market forecast
• Metal forging market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading metal forging market vendors that include Aichi Steel Corp., Ajax Tocco Magnethermic Corp., Alicon Castalloy Ltd., All Metals and Forge Group, Allegheny Technologies Inc., Aluminum Precision Products, American Axle and Manufacturing Holdings Inc., Asahi Forge Corp., Bharat Forge Ltd., Bruck GmbH, Consolidated Industries Inc., Farinia SA, Fountaintown Forge Inc., Larsen and Toubro Ltd., Mitsubishi Steel Mfg. Co. Ltd., Pacific Forge Inc., Patriot Forge Co., Scot Forge Co., Sumitomo Heavy Industries Ltd., and thyssenkrupp AG. Also, the metal forging market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth