Quick Summary:
Tapping into growth in the metal forgings market could be an irreplaceable opportunity in your strategic planning. The implications of this comprehensive report extend beyond raw data. It delivers a thorough examination of the sector trends, future projections and competitive landscape to navigate your business through the dynamic terrain of global metal forgings.
The report offers a while-the-iron's-hot snapshot of the sector's growth trajectory, estimated to reach a notable US$254.5 billion by 2030 from US$179.4 billion in 2022. The metal forgings market in the US alone is estimated at US$48.9 billion, with other significant growth anticipated in markets such as China, Japan, Canada and Europe. With in-depth analysis of key segments including Carbon Steel and Aluminum, this report is a vital tool for informed decision-making.
Access to this kind of strategic insights can empower your business to stay ahead in the market, identify growth opportunities and formulate stronger, data-driven business strategies. Explore the global metal forgings market to craft your wining strategy today.
Global Metal Forgings Market to Reach $254.5 Billion by 2030
The global market for Metal Forgings estimated at US$179.4 Billion in the year 2022, is projected to reach a revised size of US$254.5 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2022-2030. Carbon Steel, one of the segments analyzed in the report, is projected to record a 4.6% CAGR and reach US$116.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Aluminum segment is readjusted to a revised 4.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $48.9 Billion, While China is Forecast to Grow at 7.5% CAGR
The Metal Forgings market in the U.S. is estimated at US$48.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$53.8 Billion by the year 2030 trailing a CAGR of 7.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$34.2 Billion by the year 2030.Select Competitors (Total 33 Featured) -
- A. Stebler AG
- A.D. LIVNICA KIKINDA
- A.W. Bell Pty., Ltd.
- A/S Secure Aluminium Casting & Machining
- AB A Bergmans Gjuteri & Mek. Verkstad
- AB Bruzaholms Bruk
- ACCIAIERIE VALBRUNA S.p.A.
- Accurate Forming
- AccuTrex Products, Inc.
- ACE Stamping & Machine Co., Inc.;
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Metal Forgings?
What is the growth rate of the Global Market for Metal Forgings?
What is the forecasted size of the Global Market for Metal Forgings?
Who are the key companies in the Global Market for Metal Forgings?
| Report Attribute | Details |
|---|---|
| No. of Pages | 89 |
| Published | November 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 179.4 Billion |
| Forecasted Market Value ( USD | $ 254.5 Billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- A. Stebler AG
- A.D. LIVNICA KIKINDA
- A.W. Bell Pty., Ltd.
- A/S Secure Aluminium Casting & Machining
- AB A Bergmans Gjuteri & Mek. Verkstad
- AB Bruzaholms Bruk
- ACCIAIERIE VALBRUNA S.p.A.
- Accurate Forming
- AccuTrex Products, Inc.
- ACE Stamping & Machine Co., Inc.
