Metal Forging Market 2025-2029
The metal forging market is forecasted to grow by USD 60140.7 million during 2024-2029, accelerating at a CAGR of 9% 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, rising strategic alliances by companies, and growing demand from end-user industries.
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's metal forging market is segmented as below:
By Material
- Carbon steel
- Aluminum
- Stainless steel
- Others
By Application
- Automotive
- Aerospace and defense
- Others
By Type
- Shafts
- Gears
- Bearings
- Others
By Method
- Open die forging
- Closed die forging
- Seamless rolled ring forging
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the rising infrastructure development as one of the prime reasons driving the metal forging market growth during the next few years. Also, increase in demand from developing countries and rising demand for titanium and aluminum forgings 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 Inc., Arconic Corp., Asahi Forge Corp., Bharat Forge Ltd., Bluewater Thermal Solutions, 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 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 primary and secondary research. 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 accurate market growth.