Forging new paths: Revived demand from key markets will drive industry growth to new levels
The Metal Stamping and Forging industry had its strength tested from 2018 to 2023. Bent metal prices, macroeconomic swings and an increase in employment costs are all due to COVID increasing costs. Still, stamped and forged metal has held up well, helping metallurgists to grow 1.1% each year to $42.7 billion in 2023. Profit also rose, growing from 4.9 to 6.5%.
Operators in this industry forge, stamp and rollform ferrous (iron) and nonferrous metal products for use by other industries. Forged metal is compressed in hot or cold temperatures, while stamped metal is placed into a press to make sheets; rollformed metal is bent into shape on a set of rolls. The industry also includes powder metallurgy companies. This industry excludes the stamping of coins, cans and automotive products.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Precision Castparts Corp
- Allegheny Technologies Incorporated
- Howmet Aerospace Inc.
- Ellwood City Forge
- Scot Forge Company
- Walker Forge Inc.
- Burke Forging & Heat Treating Inc.
- MFC Group
Methodology
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