Metal Forging Market Size, Share & Trends Report

Metal Forging Market Size, Share & Trends Analysis Report By Raw Material (Carbon Steel, Aluminum, Alloy Steel), By Application (Automotive, Aerospace, Oil & Gas), By Region, And Segment Forecasts, 2022 - 2030

  • Report ID: GVR-3-68038-308-9
  • Number of Pages: 113
  • Format: Electronic (PDF)

Market Segmentation

  • Metal Forging Raw Material Outlook (Volume, Kilotons, Revenue, USD Million, 2017 - 2030)
    • Carbon Steel
    • Alloy Steel
    • Aluminum
    • Magnesium
    • Stainless Steel
    • Titanium
    • Others
  • Metal Forging Application Outlook (Volume, Kilotons, Revenue, USD Million, 2017 - 2030)
    • Automotive
    • Transportation
    • Aerospace
    • Oil & Gas
    • Construction
    • Agriculture
    • Power Generation
    • Marine
    • Others
  • Metal Forging Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2017 - 2030)
    • North America
      • North America Metal Forging Market, By Raw Material
        • Carbon Steel
        • Alloy Steel
        • Aluminum
        • Magnesium
        • Stainless Steel
        • Titanium
        • Others
      • North America Metal Forging Market, By Application
        • Automotive
        • Transportation
        • Aerospace
        • Oil & Gas
        • Construction
        • Agriculture
        • Power Generation
        • Marine
        • Others
      • U.S.
        • U.S. Metal Forging Market, By Raw Material
          • Carbon Steel
          • Alloy Steel
          • Aluminum
          • Magnesium
          • Stainless Steel
          • Titanium
          • Other
        • U.S. Metal Forging Market, By Application
          • Automotive
          • Transportation
          • Aerospace
          • Oil & Gas
          • Construction
          • Agriculture
          • Power Generation
          • Marine
          • Others
      • Canada
        • Canada Metal Forging Market, By Raw Material
          • Carbon Steel
          • Alloy Steel
          • Aluminum
          • Magnesium
          • Stainless Steel
          • Titanium
          • Other
        • Canada Metal Forging Market, By Application
          • Automotive
          • Transportation
          • Aerospace
          • Oil & Gas
          • Construction
          • Agriculture
          • Power Generation
          • Marine
          • Others
    • Europe
      • Europe Metal Forging Market, By Raw Material
        • Carbon Steel
        • Alloy Steel
        • Aluminum
        • Magnesium
        • Stainless Steel
        • Titanium
        • Others
      • Europe Metal Forging Market, By Application
        • Automotive
        • Transportation
        • Aerospace
        • Oil & Gas
        • Construction
        • Agriculture
        • Power Generation
        • Marine
        • Others
      • Germany
        • Germany Metal Forging Market, By Raw Material
          • Carbon Steel
          • Alloy Steel
          • Aluminum
          • Magnesium
          • Stainless Steel
          • Titanium
          • Other
        • Germany Metal Forging Market, By Application
          • Automotive
          • Transportation
          • Aerospace
          • Oil & Gas
          • Construction
          • Agriculture
          • Power Generation
          • Marine
          • Others
      • U.K.
        • U.K. Metal Forging Market, By Raw Material
          • Carbon Steel
          • Alloy Steel
          • Aluminum
          • Magnesium
          • Stainless Steel
          • Titanium
          • Other
        • U.K. Metal Forging Market, By Application
          • Automotive
          • Transportation
          • Aerospace
          • Oil & Gas
          • Construction
          • Agriculture
          • Power Generation
          • Marine
          • Others
      • France
        • France Metal Forging Market, By Raw Material
          • Carbon Steel
          • Alloy Steel
          • Aluminum
          • Magnesium
          • Stainless Steel
          • Titanium
          • Other
        • France Metal Forging Market, By Application
          • Automotive
          • Transportation
          • Aerospace
          • Oil & Gas
          • Construction
          • Agriculture
          • Power Generation
          • Marine
          • Others
      • Spain
        • Spain Metal Forging Market, By Raw Material
          • Carbon Steel
          • Alloy Steel
          • Aluminum
          • Magnesium
          • Stainless Steel
          • Titanium
          • Other
        • Spain Metal Forging Market, By Application
          • Automotive
          • Transportation
          • Aerospace
          • Oil & Gas
          • Construction
          • Agriculture
          • Power Generation
          • Marine
          • Others
      • Italy
        • Italy Metal Forging Market, By Raw Material
          • Carbon Steel
          • Alloy Steel
          • Aluminum
          • Magnesium
          • Stainless Steel
          • Titanium
          • Other
        • Italy Metal Forging Market, By Application
          • Automotive
          • Transportation
          • Aerospace
          • Oil & Gas
          • Construction
          • Agriculture
          • Power Generation
          • Marine
          • Others
    • Asia Pacific
      • Asia Pacific Metal Forging Market, By Raw Material
        • Carbon Steel
        • Alloy Steel
        • Aluminum
        • Magnesium
        • Stainless Steel
        • Titanium
        • Others
      • Asia Pacific Metal Forging Market, By Application
        • Automotive
        • Transportation
        • Aerospace
        • Oil & Gas
        • Construction
        • Agriculture
        • Power Generation
        • Marine
        • Others
      • China
        • China Metal Forging Market, By Raw Material
          • Carbon Steel
          • Alloy Steel
          • Aluminum
          • Magnesium
          • Stainless Steel
          • Titanium
          • Other
        • China Metal Forging Market, By Application
          • Automotive
          • Transportation
          • Aerospace
          • Oil & Gas
          • Construction
          • Agriculture
          • Power Generation
          • Marine
          • Others
      • Japan
        • Japan Metal Forging Market, By Raw Material
          • Carbon Steel
          • Alloy Steel
          • Aluminum
          • Magnesium
          • Stainless Steel
          • Titanium
          • Other
        • Japan Metal Forging Market, By Application
          • Automotive
          • Transportation
          • Aerospace
          • Oil & Gas
          • Construction
          • Agriculture
          • Power Generation
          • Marine
          • Others
      • India
        • India Metal Forging Market, By Raw Material
          • Carbon Steel
          • Alloy Steel
          • Aluminum
          • Magnesium
          • Stainless Steel
          • Titanium
          • Other
        • India Metal Forging Market, By Application
          • Automotive
          • Transportation
          • Aerospace
          • Oil & Gas
          • Construction
          • Agriculture
          • Power Generation
          • Marine
          • Others
      • South Korea
        • South Korea Metal Forging Market, By Raw Material
          • Carbon Steel
          • Alloy Steel
          • Aluminum
          • Magnesium
          • Stainless Steel
          • Titanium
          • Other
        • South Korea Metal Forging Market, By Application
          • Automotive
          • Transportation
          • Aerospace
          • Oil & Gas
          • Construction
          • Agriculture
          • Power Generation
          • Marine
          • Others
    • Central & South America
      • Central & South America Metal Forging Market, By Raw Material
        • Carbon Steel
        • Alloy Steel
        • Aluminum
        • Magnesium
        • Stainless Steel
        • Titanium
        • Others
      • Central & South America Metal Forging Market, By Application
        • Automotive
        • Transportation
        • Aerospace
        • Oil & Gas
        • Construction
        • Agriculture
        • Power Generation
        • Marine
        • Others
    • Middle East & Africa
      • Middle East & Africa Metal Forging Market, By Raw Material
        • Carbon Steel
        • Alloy Steel
        • Aluminum
        • Magnesium
        • Stainless Steel
        • Titanium
        • Others
      • Middle East & Africa Metal Forging Market, By Application
        • Automotive
        • Transportation
        • Aerospace
        • Oil & Gas
        • Construction
        • Agriculture
        • Power Generation
        • Marine
        • Others

Metal Forging Market Dynamics

Driver: Rising demand from automotive sector

The global metal forgings market holds a significant role in the automotive sector, especially in applications where shock and stress are prevalent. Forged components, known for their durability, strength, and reliability, are favored in the automotive industry, particularly in areas where considerations of stress, load, tension, and human safety are paramount. The escalating demand for various forged parts aligns with the expanding automotive sector, driving the growth of the metal forgings market in the coming years. Key forged products crucial to the automotive sector encompass connecting rods and crankshafts for internal combustion engines, as well as components like levers, gears, shifter forks, steering arms, knuckles, and parts for both manual and automatic transmissions. Additionally, there is a range of low-value forging parts, including valve bodies, steel valves, hooks, flanges, steel fittings, and shackles, contributing to the overall importance and versatility of metal forgings in the automotive industry.

Driver: Growth of aerospace & defense sector

The aerospace and defense sector stands as a substantial driver for the demand of forged components, necessitating a considerable volume of parts crafted from special alloys, particularly titanium and aluminum, which are in higher demand than steel. Essential components in the aerospace and defense industry, such as turbines, landing gear systems, engines, and precision machined parts, rely on the precision and strength offered by forged components. The growing need for these forged parts, characterized by their high strength, plays a pivotal role in propelling the global metal forgings market. Factors contributing to the sector's growth include the adoption of new materials, especially high-performance and special alloys, and ongoing research and development for innovative manufacturing methods. Precision die forging, known for its ability to produce complex parts with closer dimensional tolerances and detailed geometric features, is particularly valuable in manufacturing critical components of aircraft. Parts such as landing gear, engine and fuselage components, and tail assemblies demand high reliability and metal strength, features effectively provided by forged components. Furthermore, rotating elements like rotors, turbines, blades, shafts, disks, and rings crucial for aerospace applications are also manufactured using forging methods.

Restraint: Capital requirements and competition from casting industry

The forging sector faces intensified competition from the casting industry, as cast products increasingly substitute forged ones, a trend expected to escalate with the ongoing advancement in casting technology. Technologies and cost efficiencies have led to the replacement of many forged components like transmission parts and crankshafts with casting methods. Particularly, large investment casting products, such as aerospace structural parts, have displaced forgings due to technological advancements. The forging industry falls into the heavy industry category, demanding extensive space and producing sizable and weighty products, substantial machine tools, and other hefty equipment. Consequently, it is recognized as a capital-intensive sector. The nature of heavy industry also necessitates skilled labor for the handling and transportation of these products, contributing to the overall cost of forged items. This evolving landscape underscores the ongoing challenge within the forging sector to adapt and innovate in the face of competitive pressures from alternative manufacturing processes.

What Does This Report Include?

This section will provide insights into the contents included in this metal forging market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Metal forging market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Metal forging market quantitative analysis

  • Market size, estimates, and forecast from 2017 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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