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Metal Forging Market: Global Opportunity Analysis and Industry Forecast, 2025-2034

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    Report

  • 339 Pages
  • March 2025
  • Region: Global
  • Allied Market Research
  • ID: 6119978
Description Jump to:
The global metal forging market was valued at $96.4 billion in 2024, and is projected to reach $195.6 billion by 2034, growing at a CAGR of 7.3% from 2025 to 2034.

Metal forging is a manufacturing process where metal is shaped using compressive forces, usually delivered by a hammer, press, or die. It is one of the oldest known metalworking techniques and is still widely used today for making strong, durable parts. Forging is commonly used in industries such as automotive, aerospace, and construction to produce high strength components. It is classified into open die, closed die, and seamless rolling forging, each suited for specific applications.

Growth in the automotive industry significantly drives the expansion of the metal forging industry, as forged components provide exceptional strength, durability, and resistance to wear. In addition, rise in production of electric vehicles (EVs) has further increased the demand for lightweight forged components that enhance energy efficiency and improve battery range. In addition, stringent government regulations on fuel efficiency and emissions have led manufacturers to adopt advanced forging techniques using high-strength materials. Moreover, increase in focus on vehicle weight reduction and sustainability drives innovation in forging technology. As global automobile production continues to rise, coupled with advancements in precision forging and material science, the demand for high-performance forged components is expected to grow steadily.

However, high initial investment and operational costs restrain the growth of the metal forging sector. Setting up forging facilities requires substantial capital investment in advanced machinery, high-temperature furnaces, and precision tooling, making it financially challenging for small and medium-sized enterprises (SMEs). Moreover, metal forging is an energy-intensive process, consuming large amounts of electricity and fuel, leading to high production costs. The fluctuating prices of raw materials, such as steel and aluminum, further impact profit margins and create uncertainty in the market. In addition, the requirement for skilled labor adds another layer of complexity, as forging operations demand experienced technicians to maintain precision and quality standards.

On the other hand, the rapid adoption of automation and smart manufacturing technologies presents a lucrative opportunity for the metal forging market. Advanced technologies, such as computer-controlled forging presses, robotic automation, and artificial intelligence-driven quality inspection, are transforming the industry by improving efficiency, reducing production costs, and enhancing precision. Moreover, the integration of the Industrial Internet of Things (IIoT) allows real-time monitoring of forging processes, leading to optimized operations and minimized material wastage. For instance, in 2021, Canada Forgings Inc. provides a wide range of forged products, including open die and closed die forgings, serving industries such as aerospace, defense, and energy.

Segment Review

The metal forging market is segmented into raw material, technique, application, and region. By raw material, the market is categorized into carbon steel, aluminum, stainless steel, and others. Depending on technique, the market is classified into open die forging, closed die forging, and ring forging. By application, the market is divided into automotive, aerospace & defense, railway, industrial machinery, oil & gas, power generation, and others. By region, the metal forging market is analyzed across North America, Europe, Asia-Pacific, Latin, Middle East, and Africa.

Key Findings

  • By raw material, the carbon steel segment dominated the metal forging market in terms of revenue in 2024 and is anticipated to grow at a high CAGR during the forecast period.
  • By technique, the open die forging segment dominated the metal forging market in terms of revenue in 2024 and is anticipated to grow at a high CAGR during the forecast period.
  • By application, the automotive segment dominated the metal forging market in terms of revenue in 2024 and is anticipated to grow at the fastest CAGR during the forecast period.
  • Region-wise, Asia-Pacific generated the largest revenue in 2024 and is anticipated to grow at the highest CAGR during the forecast period.

Competition Analysis

Major companies analyzed in the report include ATI Inc., American Axle & Manufacturing Holdings, Inc., Bruck GmbH, Ellwood Group, Inc., Berkshire Hathaway Inc. (Precision Castparts Corp.), Asahi Forge Corporation, Trenton Forging, Nippon Steel Corporation, Bharat Forge Limited, and Canada Forgings Inc. Moreover, acquisition has been a key development strategy adopted by the key players to increase their market share.

Key Benefits for Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the metal forging market analysis from 2024 to 2034 to identify the prevailing metal forging market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the metal forging market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global metal forging market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

  • Quarterly Update and* (only available with a corporate license, on listed price)
  • 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
  • Free Upcoming Version on the Purchase of Five and Enterprise User License.
  • 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
  • 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
  • Free data Pack on the Five and Enterprise User License. (Excel version of the report)
  • Free Updated report if the report is 6-12 months old or older.
  • 24-hour priority response*
  • Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

  • Product Life Cycles
  • Market share analysis of players by products/segments
  • Patient/epidemiology data at country, region, global level
  • Additional company profiles with specific to client's interest
  • Additional country or region analysis- market size and forecast
  • Key player details (including location, contact details, supplier/vendor network etc. in excel format)
  • SWOT Analysis

Key Market Segments

By Application

  • Automotive
  • Aerospace and Defense
  • Railway
  • Industrial Machinery
  • Oil and Gas
  • Power Generation
  • Others

By Raw Material

  • Carbon Steel
  • Aluminum
  • Stainless Steel
  • Others

By Technique

  • Open Die Forging
  • Closed Die Forging
  • Ring Forging

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • Latin America
  • Brazil
  • Argentina
  • Chile
  • Rest of Latin America
  • Middle East
  • Saudi Arabia
  • UAE
  • Rest Of Gcc
  • Rest Of Middle East
  • Africa
  • North Africa
  • Southern Africa

Key Market Players

  • ASAHI FORGE CORPORATION
  • Trenton Forging
  • Berkshire Hathaway Inc. (Precision Castparts Corp.)
  • ATI
  • Bharat Forge
  • Ellwood Group, Inc.
  • Bruck GmbH
  • Canada Forgings Inc.
  • American Axle & Manufacturing Holdings, Inc.
  • Nippon Steel Corporation

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Low bargaining power of suppliers
3.3.2. Low threat of new entrants
3.3.3. Low threat of substitutes
3.3.4. Low intensity of rivalry
3.3.5. Low bargaining power of buyers
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Growth in the Automotive and Aerospace Industry
3.4.1.2. Expansion in the energy sector
3.4.1.3. Rise in Industrialization
3.4.2. Restraints
3.4.2.1. Limitations of metal forging
3.4.3. Opportunities
3.4.3.1. Adoption of industry 4.0 technology
CHAPTER 4: METAL FORGING MARKET, BY RAW MATERIAL
4.1. Overview
4.1.1. Market size and forecast
4.2. Carbon Steel
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Aluminum
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Stainless Steel
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Others
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country
CHAPTER 5: METAL FORGING MARKET, BY TECHNIQUE
5.1. Overview
5.1.1. Market size and forecast
5.2. Open Die Forging
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Closed Die Forging
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Ring Forging
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
CHAPTER 6: METAL FORGING MARKET, BY APPLICATION
6.1. Overview
6.1.1. Market size and forecast
6.2. Automotive
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Aerospace and Defense
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Railway
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
6.5. Industrial Machinery
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis by country
6.6. Oil and Gas
6.6.1. Key market trends, growth factors and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market share analysis by country
6.7. Power Generation
6.7.1. Key market trends, growth factors and opportunities
6.7.2. Market size and forecast, by region
6.7.3. Market share analysis by country
6.8. Others
6.8.1. Key market trends, growth factors and opportunities
6.8.2. Market size and forecast, by region
6.8.3. Market share analysis by country
CHAPTER 7: METAL FORGING MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by Raw Material
7.2.3. Market size and forecast, by Technique
7.2.4. Market size and forecast, by Application
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Market size and forecast, by Raw Material
7.2.5.1.2. Market size and forecast, by Technique
7.2.5.1.3. Market size and forecast, by Application
7.2.5.2. Canada
7.2.5.2.1. Market size and forecast, by Raw Material
7.2.5.2.2. Market size and forecast, by Technique
7.2.5.2.3. Market size and forecast, by Application
7.2.5.3. Mexico
7.2.5.3.1. Market size and forecast, by Raw Material
7.2.5.3.2. Market size and forecast, by Technique
7.2.5.3.3. Market size and forecast, by Application
7.3. Europe
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by Raw Material
7.3.3. Market size and forecast, by Technique
7.3.4. Market size and forecast, by Application
7.3.5. Market size and forecast, by country
7.3.5.1. Germany
7.3.5.1.1. Market size and forecast, by Raw Material
7.3.5.1.2. Market size and forecast, by Technique
7.3.5.1.3. Market size and forecast, by Application
7.3.5.2. France
7.3.5.2.1. Market size and forecast, by Raw Material
7.3.5.2.2. Market size and forecast, by Technique
7.3.5.2.3. Market size and forecast, by Application
7.3.5.3. UK
7.3.5.3.1. Market size and forecast, by Raw Material
7.3.5.3.2. Market size and forecast, by Technique
7.3.5.3.3. Market size and forecast, by Application
7.3.5.4. Italy
7.3.5.4.1. Market size and forecast, by Raw Material
7.3.5.4.2. Market size and forecast, by Technique
7.3.5.4.3. Market size and forecast, by Application
7.3.5.5. Rest of Europe
7.3.5.5.1. Market size and forecast, by Raw Material
7.3.5.5.2. Market size and forecast, by Technique
7.3.5.5.3. Market size and forecast, by Application
7.4. Asia-Pacific
7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast, by Raw Material
7.4.3. Market size and forecast, by Technique
7.4.4. Market size and forecast, by Application
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Market size and forecast, by Raw Material
7.4.5.1.2. Market size and forecast, by Technique
7.4.5.1.3. Market size and forecast, by Application
7.4.5.2. India
7.4.5.2.1. Market size and forecast, by Raw Material
7.4.5.2.2. Market size and forecast, by Technique
7.4.5.2.3. Market size and forecast, by Application
7.4.5.3. Japan
7.4.5.3.1. Market size and forecast, by Raw Material
7.4.5.3.2. Market size and forecast, by Technique
7.4.5.3.3. Market size and forecast, by Application
7.4.5.4. South Korea
7.4.5.4.1. Market size and forecast, by Raw Material
7.4.5.4.2. Market size and forecast, by Technique
7.4.5.4.3. Market size and forecast, by Application
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Market size and forecast, by Raw Material
7.4.5.5.2. Market size and forecast, by Technique
7.4.5.5.3. Market size and forecast, by Application
7.5. Latin America
7.5.1. Key market trends, growth factors and opportunities
7.5.2. Market size and forecast, by Raw Material
7.5.3. Market size and forecast, by Technique
7.5.4. Market size and forecast, by Application
7.5.5. Market size and forecast, by country
7.5.5.1. Brazil
7.5.5.1.1. Market size and forecast, by Raw Material
7.5.5.1.2. Market size and forecast, by Technique
7.5.5.1.3. Market size and forecast, by Application
7.5.5.2. Argentina
7.5.5.2.1. Market size and forecast, by Raw Material
7.5.5.2.2. Market size and forecast, by Technique
7.5.5.2.3. Market size and forecast, by Application
7.5.5.3. Chile
7.5.5.3.1. Market size and forecast, by Raw Material
7.5.5.3.2. Market size and forecast, by Technique
7.5.5.3.3. Market size and forecast, by Application
7.5.5.4. Rest of Latin America
7.5.5.4.1. Market size and forecast, by Raw Material
7.5.5.4.2. Market size and forecast, by Technique
7.5.5.4.3. Market size and forecast, by Application
7.6. Middle East
7.6.1. Key market trends, growth factors and opportunities
7.6.2. Market size and forecast, by Raw Material
7.6.3. Market size and forecast, by Technique
7.6.4. Market size and forecast, by Application
7.6.5. Market size and forecast, by country
7.6.5.1. Saudi Arabia
7.6.5.1.1. Market size and forecast, by Raw Material
7.6.5.1.2. Market size and forecast, by Technique
7.6.5.1.3. Market size and forecast, by Application
7.6.5.2. UAE
7.6.5.2.1. Market size and forecast, by Raw Material
7.6.5.2.2. Market size and forecast, by Technique
7.6.5.2.3. Market size and forecast, by Application
7.6.5.3. Rest Of Gcc
7.6.5.3.1. Market size and forecast, by Raw Material
7.6.5.3.2. Market size and forecast, by Technique
7.6.5.3.3. Market size and forecast, by Application
7.6.5.4. Rest Of Middle East
7.6.5.4.1. Market size and forecast, by Raw Material
7.6.5.4.2. Market size and forecast, by Technique
7.6.5.4.3. Market size and forecast, by Application
7.7. Africa
7.7.1. Key market trends, growth factors and opportunities
7.7.2. Market size and forecast, by Raw Material
7.7.3. Market size and forecast, by Technique
7.7.4. Market size and forecast, by Application
7.7.5. Market size and forecast, by country
7.7.5.1. North Africa
7.7.5.1.1. Market size and forecast, by Raw Material
7.7.5.1.2. Market size and forecast, by Technique
7.7.5.1.3. Market size and forecast, by Application
7.7.5.2. Southern Africa
7.7.5.2.1. Market size and forecast, by Raw Material
7.7.5.2.2. Market size and forecast, by Technique
7.7.5.2.3. Market size and forecast, by Application
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2024
CHAPTER 9: COMPANY PROFILES
9.1. ATI
9.1.1. Company overview
9.1.2. Key executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Business performance
9.1.7. Key strategic moves and developments
9.2. ASAHI FORGE CORPORATION
9.2.1. Company overview
9.2.2. Key executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.3. Trenton Forging
9.3.1. Company overview
9.3.2. Key executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.4. Nippon Steel Corporation
9.4.1. Company overview
9.4.2. Key executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Business performance
9.5. American Axle & Manufacturing Holdings, Inc.
9.5.1. Company overview
9.5.2. Key executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Business performance
9.6. Bruck GmbH
9.6.1. Company overview
9.6.2. Key executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.7. Ellwood Group, Inc.
9.7.1. Company overview
9.7.2. Key executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.8. Berkshire Hathaway Inc. (Precision Castparts Corp.)
9.8.1. Company overview
9.8.2. Key executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.8.6. Business performance
9.9. Canada Forgings Inc.
9.9.1. Company overview
9.9.2. Key executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.10. Bharat Forge
9.10.1. Company overview
9.10.2. Key executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. Business performance
LIST OF TABLES
Table 01. Global Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 02. Metal Forging Market for Carbon Steel, by Region, 2024-2034 ($Million)
Table 03. Metal Forging Market for Aluminum, by Region, 2024-2034 ($Million)
Table 04. Metal Forging Market for Stainless Steel, by Region, 2024-2034 ($Million)
Table 05. Metal Forging Market for Others, by Region, 2024-2034 ($Million)
Table 06. Global Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 07. Metal Forging Market for Open Die Forging, by Region, 2024-2034 ($Million)
Table 08. Metal Forging Market for Closed Die Forging, by Region, 2024-2034 ($Million)
Table 09. Metal Forging Market for Ring Forging, by Region, 2024-2034 ($Million)
Table 10. Global Metal Forging Market, by Application, 2024-2034 ($Million)
Table 11. Metal Forging Market for Automotive, by Region, 2024-2034 ($Million)
Table 12. Metal Forging Market for Aerospace and Defense, by Region, 2024-2034 ($Million)
Table 13. Metal Forging Market for Railway, by Region, 2024-2034 ($Million)
Table 14. Metal Forging Market for Industrial Machinery, by Region, 2024-2034 ($Million)
Table 15. Metal Forging Market for Oil and Gas, by Region, 2024-2034 ($Million)
Table 16. Metal Forging Market for Power Generation, by Region, 2024-2034 ($Million)
Table 17. Metal Forging Market for Others, by Region, 2024-2034 ($Million)
Table 18. Metal Forging Market, by Region, 2024-2034 ($Million)
Table 19. North America Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 20. North America Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 21. North America Metal Forging Market, by Application, 2024-2034 ($Million)
Table 22. North America Metal Forging Market, by Country, 2024-2034 ($Million)
Table 23. U.S. Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 24. U.S. Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 25. U.S. Metal Forging Market, by Application, 2024-2034 ($Million)
Table 26. Canada Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 27. Canada Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 28. Canada Metal Forging Market, by Application, 2024-2034 ($Million)
Table 29. Mexico Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 30. Mexico Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 31. Mexico Metal Forging Market, by Application, 2024-2034 ($Million)
Table 32. Europe Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 33. Europe Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 34. Europe Metal Forging Market, by Application, 2024-2034 ($Million)
Table 35. Europe Metal Forging Market, by Country, 2024-2034 ($Million)
Table 36. Germany Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 37. Germany Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 38. Germany Metal Forging Market, by Application, 2024-2034 ($Million)
Table 39. France Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 40. France Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 41. France Metal Forging Market, by Application, 2024-2034 ($Million)
Table 42. UK Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 43. UK Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 44. UK Metal Forging Market, by Application, 2024-2034 ($Million)
Table 45. Italy Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 46. Italy Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 47. Italy Metal Forging Market, by Application, 2024-2034 ($Million)
Table 48. Rest of Europe Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 49. Rest of Europe Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 50. Rest of Europe Metal Forging Market, by Application, 2024-2034 ($Million)
Table 51. Asia-Pacific Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 52. Asia-Pacific Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 53. Asia-Pacific Metal Forging Market, by Application, 2024-2034 ($Million)
Table 54. Asia-Pacific Metal Forging Market, by Country, 2024-2034 ($Million)
Table 55. China Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 56. China Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 57. China Metal Forging Market, by Application, 2024-2034 ($Million)
Table 58. India Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 59. India Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 60. India Metal Forging Market, by Application, 2024-2034 ($Million)
Table 61. Japan Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 62. Japan Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 63. Japan Metal Forging Market, by Application, 2024-2034 ($Million)
Table 64. South Korea Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 65. South Korea Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 66. South Korea Metal Forging Market, by Application, 2024-2034 ($Million)
Table 67. Rest of Asia-Pacific Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 68. Rest of Asia-Pacific Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 69. Rest of Asia-Pacific Metal Forging Market, by Application, 2024-2034 ($Million)
Table 70. Latin America Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 71. Latin America Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 72. Latin America Metal Forging Market, by Application, 2024-2034 ($Million)
Table 73. Latin America Metal Forging Market, by Country, 2024-2034 ($Million)
Table 74. Brazil Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 75. Brazil Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 76. Brazil Metal Forging Market, by Application, 2024-2034 ($Million)
Table 77. Argentina Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 78. Argentina Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 79. Argentina Metal Forging Market, by Application, 2024-2034 ($Million)
Table 80. Chile Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 81. Chile Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 82. Chile Metal Forging Market, by Application, 2024-2034 ($Million)
Table 83. Rest of Latin America Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 84. Rest of Latin America Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 85. Rest of Latin America Metal Forging Market, by Application, 2024-2034 ($Million)
Table 86. Middle East Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 87. Middle East Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 88. Middle East Metal Forging Market, by Application, 2024-2034 ($Million)
Table 89. Middle East Metal Forging Market, by Country, 2024-2034 ($Million)
Table 90. Saudi Arabia Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 91. Saudi Arabia Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 92. Saudi Arabia Metal Forging Market, by Application, 2024-2034 ($Million)
Table 93. UAE Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 94. UAE Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 95. UAE Metal Forging Market, by Application, 2024-2034 ($Million)
Table 96. Rest of Gcc Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 97. Rest of Gcc Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 98. Rest of Gcc Metal Forging Market, by Application, 2024-2034 ($Million)
Table 99. Rest of Middle East Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 100. Rest of Middle East Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 101. Rest of Middle East Metal Forging Market, by Application, 2024-2034 ($Million)
Table 102. Africa Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 103. Africa Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 104. Africa Metal Forging Market, by Application, 2024-2034 ($Million)
Table 105. Africa Metal Forging Market, by Country, 2024-2034 ($Million)
Table 106. North Africa Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 107. North Africa Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 108. North Africa Metal Forging Market, by Application, 2024-2034 ($Million)
Table 109. Southern Africa Metal Forging Market, by Raw Material, 2024-2034 ($Million)
Table 110. Southern Africa Metal Forging Market, by Technique, 2024-2034 ($Million)
Table 111. Southern Africa Metal Forging Market, by Application, 2024-2034 ($Million)
Table 112. Ati: Key Executives
Table 113. Ati: Company Snapshot
Table 114. Ati: Product Segments
Table 115. Ati: Product Portfolio
Table 116. Ati: Key Stratergies
Table 117. Asahi Forge Corporation: Key Executives
Table 118. Asahi Forge Corporation: Company Snapshot
Table 119. Asahi Forge Corporation: Product Segments
Table 120. Asahi Forge Corporation: Product Portfolio
Table 121. Trenton Forging: Key Executives
Table 122. Trenton Forging: Company Snapshot
Table 123. Trenton Forging: Product Segments
Table 124. Trenton Forging: Product Portfolio
Table 125. Nippon Steel Corporation: Key Executives
Table 126. Nippon Steel Corporation: Company Snapshot
Table 127. Nippon Steel Corporation: Product Segments
Table 128. Nippon Steel Corporation: Product Portfolio
Table 129. American Axle & Manufacturing Holdings, Inc.: Key Executives
Table 130. American Axle & Manufacturing Holdings, Inc.: Company Snapshot
Table 131. American Axle & Manufacturing Holdings, Inc.: Product Segments
Table 132. American Axle & Manufacturing Holdings, Inc.: Product Portfolio
Table 133. Bruck GmbH: Key Executives
Table 134. Bruck GmbH: Company Snapshot
Table 135. Bruck GmbH: Product Segments
Table 136. Bruck GmbH: Product Portfolio
Table 137. Ellwood Group, Inc.: Key Executives
Table 138. Ellwood Group, Inc.: Company Snapshot
Table 139. Ellwood Group, Inc.: Product Segments
Table 140. Ellwood Group, Inc.: Product Portfolio
Table 141. Berkshire Hathaway Inc. (Precision Castparts Corp.): Key Executives
Table 142. Berkshire Hathaway Inc. (Precision Castparts Corp.): Company Snapshot
Table 143. Berkshire Hathaway Inc. (Precision Castparts Corp.): Product Segments
Table 144. Berkshire Hathaway Inc. (Precision Castparts Corp.): Service Segments
Table 145. Berkshire Hathaway Inc. (Precision Castparts Corp.): Product Portfolio
Table 146. Canada Forgings Inc.: Key Executives
Table 147. Canada Forgings Inc.: Company Snapshot
Table 148. Canada Forgings Inc.: Product Segments
Table 149. Canada Forgings Inc.: Product Portfolio
Table 150. Bharat Forge: Key Executives
Table 151. Bharat Forge: Company Snapshot
Table 152. Bharat Forge: Product Segments
Table 153. Bharat Forge: Product Portfolio
LIST OF FIGURES
Figure 01. Metal Forging Market, 2024-2034
Figure 02. Segmentation of Metal Forging Market,2024-2034
Figure 03. Top Impacting Factors in Metal Forging Market (2024 to 2034)
Figure 04. Top Investment Pockets in Metal Forging Market (2025-2034)
Figure 05. Low Bargaining Power of Suppliers
Figure 06. Low Threat of New Entrants
Figure 07. Low Threat of Substitutes
Figure 08. Low Intensity of Rivalry
Figure 09. Low Bargaining Power of Buyers
Figure 10. Global Metal Forging Market:Drivers, Restraints and Opportunities
Figure 11. Metal Forging Market, by Raw Material, 2024 and 2034(%)
Figure 12. Comparative Share Analysis of Metal Forging Market for Carbon Steel, by Country 2024 and 2034(%)
Figure 13. Comparative Share Analysis of Metal Forging Market for Aluminum, by Country 2024 and 2034(%)
Figure 14. Comparative Share Analysis of Metal Forging Market for Stainless Steel, by Country 2024 and 2034(%)
Figure 15. Comparative Share Analysis of Metal Forging Market for Others, by Country 2024 and 2034(%)
Figure 16. Metal Forging Market, by Technique, 2024 and 2034(%)
Figure 17. Comparative Share Analysis of Metal Forging Market for Open Die Forging, by Country 2024 and 2034(%)
Figure 18. Comparative Share Analysis of Metal Forging Market for Closed Die Forging, by Country 2024 and 2034(%)
Figure 19. Comparative Share Analysis of Metal Forging Market for Ring Forging, by Country 2024 and 2034(%)
Figure 20. Metal Forging Market, by Application, 2024 and 2034(%)
Figure 21. Comparative Share Analysis of Metal Forging Market for Automotive, by Country 2024 and 2034(%)
Figure 22. Comparative Share Analysis of Metal Forging Market for Aerospace and Defense, by Country 2024 and 2034(%)
Figure 23. Comparative Share Analysis of Metal Forging Market for Railway, by Country 2024 and 2034(%)
Figure 24. Comparative Share Analysis of Metal Forging Market for Industrial Machinery, by Country 2024 and 2034(%)
Figure 25. Comparative Share Analysis of Metal Forging Market for Oil and Gas, by Country 2024 and 2034(%)
Figure 26. Comparative Share Analysis of Metal Forging Market for Power Generation, by Country 2024 and 2034(%)
Figure 27. Comparative Share Analysis of Metal Forging Market for Others, by Country 2024 and 2034(%)
Figure 28. Metal Forging Market by Region, 2024 and 2034(%)
Figure 29. U.S. Metal Forging Market, 2024-2034 ($Million)
Figure 30. Canada Metal Forging Market, 2024-2034 ($Million)
Figure 31. Mexico Metal Forging Market, 2024-2034 ($Million)
Figure 32. Germany Metal Forging Market, 2024-2034 ($Million)
Figure 33. France Metal Forging Market, 2024-2034 ($Million)
Figure 34. UK Metal Forging Market, 2024-2034 ($Million)
Figure 35. Italy Metal Forging Market, 2024-2034 ($Million)
Figure 36. Rest of Europe Metal Forging Market, 2024-2034 ($Million)
Figure 37. China Metal Forging Market, 2024-2034 ($Million)
Figure 38. India Metal Forging Market, 2024-2034 ($Million)
Figure 39. Japan Metal Forging Market, 2024-2034 ($Million)
Figure 40. South Korea Metal Forging Market, 2024-2034 ($Million)
Figure 41. Rest of Asia-Pacific Metal Forging Market, 2024-2034 ($Million)
Figure 42. Brazil Metal Forging Market, 2024-2034 ($Million)
Figure 43. Argentina Metal Forging Market, 2024-2034 ($Million)
Figure 44. Chile Metal Forging Market, 2024-2034 ($Million)
Figure 45. Rest of Latin America Metal Forging Market, 2024-2034 ($Million)
Figure 46. Saudi Arabia Metal Forging Market, 2024-2034 ($Million)
Figure 47. UAE Metal Forging Market, 2024-2034 ($Million)
Figure 48. Rest of Gcc Metal Forging Market, 2024-2034 ($Million)
Figure 49. Rest of Middle East Metal Forging Market, 2024-2034 ($Million)
Figure 50. North Africa Metal Forging Market, 2024-2034 ($Million)
Figure 51. Southern Africa Metal Forging Market, 2024-2034 ($Million)
Figure 52. Top Winning Strategies, by Year (2023-2025)
Figure 53. Top Winning Strategies, by Development (2023-2025)
Figure 54. Top Winning Strategies, by Company (2023-2025)
Figure 55. Product Mapping of Top 10 Players
Figure 56. Competitive Dashboard
Figure 57. Competitive Heatmap: Metal Forging Market
Figure 58. Top Player Positioning, 2024
Figure 59. Ati: Net Sales, 2022-2024 ($Million)
Figure 60. Ati: Research & Development Expenditure, 2022-2024 ($Million)
Figure 61. Ati: Revenue Share by Segment, 2024 (%)
Figure 62. Ati: Revenue Share by Region, 2024 (%)
Figure 63. Nippon Steel Corporation: Net Sales, 2021-2023 ($Million)
Figure 64. Nippon Steel Corporation: Research & Development Expenditure, 2021-2023 ($Million)
Figure 65. Nippon Steel Corporation: Revenue Share by Region, 2023 (%)
Figure 66. Nippon Steel Corporation: Revenue Share by Region, 2023 (%)
Figure 67. American Axle & Manufacturing Holdings, Inc.: Net Sales, 2022-2024 ($Million)
Figure 68. American Axle & Manufacturing Holdings, Inc.: Revenue Share by Segment, 2024 (%)
Figure 69. Berkshire Hathaway Inc. (Precision Castparts Corp.): Net Sales, 2022-2024 ($Million)
Figure 70. Berkshire Hathaway Inc. (Precision Castparts Corp.): Revenue Share by Segment, 2024 (%)
Figure 71. Bharat Forge: Net Sales, 2021-2023 ($Million)
Figure 72. Bharat Forge: Revenue Share by Segment, 2023 (%)
Figure 73. Bharat Forge: Revenue Share by Region, 2023 (%)

Companies Mentioned

  • ASAHI FORGE CORPORATION
  • Trenton Forging
  • Berkshire Hathaway Inc. (Precision Castparts Corp.)
  • ATI
  • Bharat Forge
  • Ellwood Group, Inc.
  • Bruck GmbH
  • Canada Forgings Inc.
  • American Axle & Manufacturing Holdings, Inc.
  • Nippon Steel Corporation

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages339
PublishedMarch 2025
Forecast Period2024 - 2034
Estimated Market Value ( USD ) in 2024 $ 96.4 billion
Forecasted Market Value ( USD ) by 2034 $ 195.6 billion
Compound Annual Growth Rate7.3%
Regions CoveredGlobal
No. of Companies Mentioned10

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