Global Metal Forgings Market Growth 2025-2031

Global Metal Forgings Market Growth 2025-2031

The global Metal Forgings market size is predicted to grow from US$ 78210 million in 2025 to US$ 109740 million in 2031; it is expected to grow at a CAGR of 5.8% from 2025 to 2031.

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%.

LP Information, Inc. (LPI) ' newest research report, the “Metal Forgings Industry Forecast” looks at past sales and reviews total world Metal Forgings sales in 2024, providing a comprehensive analysis by region and market sector of projected Metal Forgings sales for 2025 through 2031. With Metal Forgings sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Metal Forgings industry.

This Insight Report provides a comprehensive analysis of the global Metal Forgings 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 Forgings portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Metal Forgings market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Metal Forgings 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 Forgings.

This report presents a comprehensive overview, market shares, and growth opportunities of Metal Forgings market by product type, application, key manufacturers and key regions and countries.

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 analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Metal Forgings market?

What factors are driving Metal Forgings market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Metal Forgings market opportunities vary by end market size?

How does Metal Forgings break out by Type, by Application?

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