Global Metal Forging Market Growth 2023-2029

Global Metal Forging Market Growth 2023-2029

Forging is a manufacturing process involving the shaping of a metal through hammering, pressing, or rolling.
LPI (LP Information)' newest research report, the “Metal Forging Industry Forecast” looks at past sales and reviews total world Metal Forging sales in 2022, providing a comprehensive analysis by region and market sector of projected Metal Forging sales for 2023 through 2029. With Metal Forging sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Metal Forging industry.
This Insight Report provides a comprehensive analysis of the global Metal Forging landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Metal Forging portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Metal Forging market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Metal Forging and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Metal Forging.
The global Metal Forging market size is projected to grow from US$ 70190 million in 2022 to US$ 104220 million in 2029; it is expected to grow at a CAGR of 104220 from 2023 to 2029.
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 13%.
Asia-Pacific is the largest market, with a share over 61%, followed by Europe, and North America, both have a share over 31%.
In terms of product, Carbon Steel is the largest segment, with a share about 50%. And in terms of application, the largest application is Automotive, followed by Defense & Aerospace, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Metal Forging market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Carbon Steel
Alloy Steel
Aluminum
Magnesium
Stainless Steel
Titanium
Others
Segmentation by application
Automotive
Defense and Aerospace
Shipbuilding
Power Industry
Oil and Gas
Construction Machinery
Agriculture
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Precision Castparts Corp. (Berkshire Hathaway)
Howmet Aerospace Inc.
Allegheny Technologies Incorporated (ATI)
Thyssenkrupp
Nippon Steel
VSMPO-AVISMA
KOBELCO
Aichi Steel
Aubert & Duval (Eramet)
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
Mahindra Forgings Europe
Jinan Sinotruck Co.
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

Key Questions Addressed in this Report
What is the 10-year outlook for the global Metal Forging market?
What factors are driving Metal Forging market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Metal Forging market opportunities vary by end market size?
How does Metal Forging break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.