1. What is the projected Compound Annual Growth Rate (CAGR) of the Metal Forging Market?
The projected CAGR is approximately 7.6%.
Metal Forging MarketMetal Forging Market Soars to USD Billion , witnessing a CAGR of 7.6 during the forecast period 2025-2033
Metal Forging Market by Raw Material (Carbon Steel, Alloy Steel, Stainless Steel, Aluminum, Magnesium, Titanium, Others), by Technology (Closed Die, Open Die, Others), by End-User (Automotive, Mechanical Equipment, Aerospace & Railways, Others), by By Geography (North America) Forecast 2025-2033
Base Year: 2024
180 Pages
Metal Forging Market Soars to USD Billion , witnessing a CAGR of 7.6 during the forecast period 2025-2033
Metal Forging Market Soars to USD Billion , witnessing a CAGR of 7.6 during the forecast period 2025-2033
Key Insights
The Metal Forging Market size was valued at USD 81.13 USD Billion in 2023 and is projected to reach USD 135.48 USD Billion by 2032, exhibiting a CAGR of 7.6 % during the forecast period. Metal forging that utilizes the compressive forces of this technology makes a far more resilient and stronger finished product than die casting and machining. Broadly used by automotive, aerospace, construction, industrial and many other fields where it improves grain strength and toughness. Open, closed die and rolling seamless works are common variants which are provisioned to a specific area of use. One of examples of technological advances includes computer-aided design and simulation software that contributes to the accuracy and amenability of the production process in manufacturing. It can be observed how much influence improves products via education, production, cost, and safety. Seemingly, forging metal plays a major role in manufacturing complex metal parts of top quality, which are used in different fields all over the world.
Metal Forging Trends
- Adoption of advanced forging technologies (e.g., closed-die forging, precision forging)
- Growing use of lightweight materials (e.g., aluminium, titanium)
- Automation and digitalization to enhance efficiency and productivity
- Integration of 3D printing and additive manufacturing
Driving Forces: What's Propelling the Metal Forging Market
- Rising demand from the automotive industry for lightweight and fuel-efficient components
- Increasing adoption of metal forging in aerospace and defence applications
- Growing need for high-performance and wear-resistant components in industrial machinery
- Government initiatives to promote sustainability and reduce carbon footprint
Challenges and Restraints in the Metal Forging Market
- High capital investments required for forging equipment and infrastructure
- Complex manufacturing processes that require skilled labour
- Environmental regulations on emissions and waste management
Emerging Trends in Metal Forging
- Development of high-strength and lightweight alloys
- Adoption of near-net-shape forging for reduced material waste
- Integration of heat treatment processes into the forging process
- Growing popularity of isothermal forging for improved grain structure
Growth Catalysts in the Metal Forging Industry
- Increasing investment in research and development of new forging technologies
- Growing focus on optimizing supply chain efficiency
- Government support for the adoption of sustainable and innovative forging practices
Market Segmentation: Metal Forging Analysis
By Raw Material:
- Carbon Steel
- Alloy Steel
- Stainless Steel
- Aluminum
- Magnesium
- Titanium
- Others
By Technology:
- Closed Die
- Open Die
- Others
By End-User:
- Automotive
- Mechanical Equipment
- Aerospace & Railways
- Others
Leading Players in the Metal Forging Market
- Wyman Gordon (U.S.)
- Shultz Steel (U.S.)
- Consolidated Industries, Inc. (U.S.)
- Otto Fuchs KG (Germany)
- Patriot Forge Co. (Canada)
Significant Developments in the Metal Forging Sector
- February 2024: Ovako and Tibnor announce a partnership to promote low-carbon footprint solutions in steel production.
- May 2023: Arconic Corporation agrees to be acquired by Apollo Global Management for USD 5.2 billion.
- July 2022: Patriot Forge expands its forging facilities with a rough machining process.
- August 2021: Otto Fuchs KG purchases a crank forging press from Schuler for its China location.
- February 2020: Arconic Corporation separates into two independent publicly-listed companies, Hownet Aerospace Inc. and Arconic Corporation.
Comprehensive Coverage Metal Forging Market Report
The report provides a holistic analysis of the metal forging market, covering the following aspects:
- Market size and growth rate
- Key industry trends and drivers
- Comprehensive market segmentation
- Detailed profiles of leading players
- Emerging growth opportunities
- Industry challenges and future outlook
- Strategic recommendations for market participants
Regional Insight
- North America: Dominates the metal forging market due to advanced manufacturing technologies, automotive and aerospace industries, and defense expenditure.
- Europe: Significant market presence with strong automotive and industrial sectors in Germany, France, and Italy.
- Asia Pacific: Rapidly growing market, driven by industrialization in China, India, and South Korea. Significant demand from automotive, construction, and energy sectors.
- Middle East and Africa: Emerging market with growing oil and gas industries, leading to increased demand for forged components in infrastructure and equipment.
Consumer Side Analysis
- End-user industry landscape
- Demand drivers and buying patterns
- Market trends and preferences
Demand Side Analysis
- Global demand for metal-forged components
- Key end-user segments
- Regional demand dynamics
Import And Export Analysis
- Major importing and exporting countries
- Trade patterns and trends
- Government regulations and policies
Pricing Strategies
- Pricing models and trends
- Impact of raw material costs
- Competitive analysis
Segmentation
- Market segmentation by raw material (Carbon Steel), (Stainless Steel) technology, end-user, and region
- Analysis of market size, growth rate, and market share for each segment
Metal Forging Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 7.6% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Rapidly Growing Automotive Industry to Boost Metal Forging Adoption
- 3.3. Market Restrains
- 3.3.1. Availability of Alternative Process Such as Casting to Restrict the Market Growth
- 3.4. Market Trends
- 3.4.1. Innovation in Products and Technologies to Fuel the Market Growth
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Metal Forging Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Raw Material
- 5.1.1. Carbon Steel
- 5.1.2. Alloy Steel
- 5.1.3. Stainless Steel
- 5.1.4. Aluminum
- 5.1.5. Magnesium
- 5.1.6. Titanium
- 5.1.7. Others
- 5.2. Market Analysis, Insights and Forecast - by Technology
- 5.2.1. Closed Die
- 5.2.2. Open Die
- 5.2.3. Others
- 5.3. Market Analysis, Insights and Forecast - by End-User
- 5.3.1. Automotive
- 5.3.2. Mechanical Equipment
- 5.3.3. Aerospace & Railways
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1. By Geography
- 5.1. Market Analysis, Insights and Forecast - by Raw Material
- 6. North America Metal Forging Market Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 6.1.1 United States
- 6.1.2 Canada
- 6.1.3 Mexico
- 7. South America Metal Forging Market Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 7.1.1 Brazil
- 7.1.2 Argentina
- 7.1.3 Rest of South America
- 8. Europe Metal Forging Market Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 8.1.1 Germany
- 8.1.2 France
- 8.1.3 Italy
- 8.1.4 United Kingdom
- 8.1.5 Netherlands
- 8.1.6 Rest of Europe
- 9. Asia Pacific Metal Forging Market Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 9.1.1 China
- 9.1.2 Japan
- 9.1.3 India
- 9.1.4 South Korea
- 9.1.5 Taiwan
- 9.1.6 Australia
- 9.1.7 Rest of Asia-Pacific
- 10. MEA Metal Forging Market Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 10.1.1 Middle East
- 10.1.2 Africa
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2024
- 11.2. Company Profiles
- 11.2.1 Wyman Gordon (U.S.)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Shultz Steel (U.S.)
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Consolidated Industries Inc. (U.S.)
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Pacific Forge Incorporated (U.S.)
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Otto Fuchs KG (Germany)
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Weber Metals California (U.S.)
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 ATI Ladish LLC (U.S.)
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Patriot Forge Co. (Canada)
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Arconic Corporation (U.S.)
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 Alcoa Corporation (U.S.)
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.11 voestalpine BÖHLER Aerospace GmbH & Co KG (Austria)
- 11.2.11.1. Overview
- 11.2.11.2. Products
- 11.2.11.3. SWOT Analysis
- 11.2.11.4. Recent Developments
- 11.2.11.5. Financials (Based on Availability)
- 11.2.12 China National Erzhong Group Deyang Wanhang Die Forging Co. Ltd. (China)
- 11.2.12.1. Overview
- 11.2.12.2. Products
- 11.2.12.3. SWOT Analysis
- 11.2.12.4. Recent Developments
- 11.2.12.5. Financials (Based on Availability)
- 11.2.13 ThyssenKrupp AG (Germany)
- 11.2.13.1. Overview
- 11.2.13.2. Products
- 11.2.13.3. SWOT Analysis
- 11.2.13.4. Recent Developments
- 11.2.13.5. Financials (Based on Availability)
- 11.2.14 Scot Forge Company (U.S.)
- 11.2.14.1. Overview
- 11.2.14.2. Products
- 11.2.14.3. SWOT Analysis
- 11.2.14.4. Recent Developments
- 11.2.14.5. Financials (Based on Availability)
- 11.2.15 Precision Castparts Corp (U.S.)
- 11.2.15.1. Overview
- 11.2.15.2. Products
- 11.2.15.3. SWOT Analysis
- 11.2.15.4. Recent Developments
- 11.2.15.5. Financials (Based on Availability)
- 11.2.16 Bruck GmbH (Germany)
- 11.2.16.1. Overview
- 11.2.16.2. Products
- 11.2.16.3. SWOT Analysis
- 11.2.16.4. Recent Developments
- 11.2.16.5. Financials (Based on Availability)
- 11.2.17 ELLWOOD Group Inc. (U.S.)
- 11.2.17.1. Overview
- 11.2.17.2. Products
- 11.2.17.3. SWOT Analysis
- 11.2.17.4. Recent Developments
- 11.2.17.5. Financials (Based on Availability)
- 11.2.18 Lolu Alloys Ltd (UK)
- 11.2.18.1. Overview
- 11.2.18.2. Products
- 11.2.18.3. SWOT Analysis
- 11.2.18.4. Recent Developments
- 11.2.18.5. Financials (Based on Availability)
- 11.2.19 Ovako AB (Sweden)
- 11.2.19.1. Overview
- 11.2.19.2. Products
- 11.2.19.3. SWOT Analysis
- 11.2.19.4. Recent Developments
- 11.2.19.5. Financials (Based on Availability)
- 11.2.20 Celsa Group (Spain)
- 11.2.20.1. Overview
- 11.2.20.2. Products
- 11.2.20.3. SWOT Analysis
- 11.2.20.4. Recent Developments
- 11.2.20.5. Financials (Based on Availability)
- 11.2.1 Wyman Gordon (U.S.)
List of Figures
- Figure 1: Global Metal Forging Market Revenue Breakdown (USD Billion, %) by Region 2024 & 2032
- Figure 2: Global Metal Forging Market Volume Breakdown (Kiloton, %) by Region 2024 & 2032
- Figure 3: North America Metal Forging Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 4: North America Metal Forging Market Volume (Kiloton), by Country 2024 & 2032
- Figure 5: North America Metal Forging Market Revenue Share (%), by Country 2024 & 2032
- Figure 6: North America Metal Forging Market Volume Share (%), by Country 2024 & 2032
- Figure 7: South America Metal Forging Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 8: South America Metal Forging Market Volume (Kiloton), by Country 2024 & 2032
- Figure 9: South America Metal Forging Market Revenue Share (%), by Country 2024 & 2032
- Figure 10: South America Metal Forging Market Volume Share (%), by Country 2024 & 2032
- Figure 11: Europe Metal Forging Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 12: Europe Metal Forging Market Volume (Kiloton), by Country 2024 & 2032
- Figure 13: Europe Metal Forging Market Revenue Share (%), by Country 2024 & 2032
- Figure 14: Europe Metal Forging Market Volume Share (%), by Country 2024 & 2032
- Figure 15: Asia Pacific Metal Forging Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 16: Asia Pacific Metal Forging Market Volume (Kiloton), by Country 2024 & 2032
- Figure 17: Asia Pacific Metal Forging Market Revenue Share (%), by Country 2024 & 2032
- Figure 18: Asia Pacific Metal Forging Market Volume Share (%), by Country 2024 & 2032
- Figure 19: MEA Metal Forging Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 20: MEA Metal Forging Market Volume (Kiloton), by Country 2024 & 2032
- Figure 21: MEA Metal Forging Market Revenue Share (%), by Country 2024 & 2032
- Figure 22: MEA Metal Forging Market Volume Share (%), by Country 2024 & 2032
- Figure 23: By Geography Metal Forging Market Revenue (USD Billion), by Raw Material 2024 & 2032
- Figure 24: By Geography Metal Forging Market Volume (Kiloton), by Raw Material 2024 & 2032
- Figure 25: By Geography Metal Forging Market Revenue Share (%), by Raw Material 2024 & 2032
- Figure 26: By Geography Metal Forging Market Volume Share (%), by Raw Material 2024 & 2032
- Figure 27: By Geography Metal Forging Market Revenue (USD Billion), by Technology 2024 & 2032
- Figure 28: By Geography Metal Forging Market Volume (Kiloton), by Technology 2024 & 2032
- Figure 29: By Geography Metal Forging Market Revenue Share (%), by Technology 2024 & 2032
- Figure 30: By Geography Metal Forging Market Volume Share (%), by Technology 2024 & 2032
- Figure 31: By Geography Metal Forging Market Revenue (USD Billion), by End-User 2024 & 2032
- Figure 32: By Geography Metal Forging Market Volume (Kiloton), by End-User 2024 & 2032
- Figure 33: By Geography Metal Forging Market Revenue Share (%), by End-User 2024 & 2032
- Figure 34: By Geography Metal Forging Market Volume Share (%), by End-User 2024 & 2032
- Figure 35: By Geography Metal Forging Market Revenue (USD Billion), by Country 2024 & 2032
- Figure 36: By Geography Metal Forging Market Volume (Kiloton), by Country 2024 & 2032
- Figure 37: By Geography Metal Forging Market Revenue Share (%), by Country 2024 & 2032
- Figure 38: By Geography Metal Forging Market Volume Share (%), by Country 2024 & 2032
List of Tables
- Table 1: Global Metal Forging Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 2: Global Metal Forging Market Volume Kiloton Forecast, by Region 2019 & 2032
- Table 3: Global Metal Forging Market Revenue USD Billion Forecast, by Raw Material 2019 & 2032
- Table 4: Global Metal Forging Market Volume Kiloton Forecast, by Raw Material 2019 & 2032
- Table 5: Global Metal Forging Market Revenue USD Billion Forecast, by Technology 2019 & 2032
- Table 6: Global Metal Forging Market Volume Kiloton Forecast, by Technology 2019 & 2032
- Table 7: Global Metal Forging Market Revenue USD Billion Forecast, by End-User 2019 & 2032
- Table 8: Global Metal Forging Market Volume Kiloton Forecast, by End-User 2019 & 2032
- Table 9: Global Metal Forging Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 10: Global Metal Forging Market Volume Kiloton Forecast, by Region 2019 & 2032
- Table 11: Global Metal Forging Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 12: Global Metal Forging Market Volume Kiloton Forecast, by Country 2019 & 2032
- Table 13: United States Metal Forging Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 14: United States Metal Forging Market Volume (Kiloton) Forecast, by Application 2019 & 2032
- Table 15: Canada Metal Forging Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 16: Canada Metal Forging Market Volume (Kiloton) Forecast, by Application 2019 & 2032
- Table 17: Mexico Metal Forging Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 18: Mexico Metal Forging Market Volume (Kiloton) Forecast, by Application 2019 & 2032
- Table 19: Global Metal Forging Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 20: Global Metal Forging Market Volume Kiloton Forecast, by Country 2019 & 2032
- Table 21: Brazil Metal Forging Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 22: Brazil Metal Forging Market Volume (Kiloton) Forecast, by Application 2019 & 2032
- Table 23: Argentina Metal Forging Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 24: Argentina Metal Forging Market Volume (Kiloton) Forecast, by Application 2019 & 2032
- Table 25: Rest of South America Metal Forging Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 26: Rest of South America Metal Forging Market Volume (Kiloton) Forecast, by Application 2019 & 2032
- Table 27: Global Metal Forging Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 28: Global Metal Forging Market Volume Kiloton Forecast, by Country 2019 & 2032
- Table 29: Germany Metal Forging Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 30: Germany Metal Forging Market Volume (Kiloton) Forecast, by Application 2019 & 2032
- Table 31: France Metal Forging Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 32: France Metal Forging Market Volume (Kiloton) Forecast, by Application 2019 & 2032
- Table 33: Italy Metal Forging Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 34: Italy Metal Forging Market Volume (Kiloton) Forecast, by Application 2019 & 2032
- Table 35: United Kingdom Metal Forging Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 36: United Kingdom Metal Forging Market Volume (Kiloton) Forecast, by Application 2019 & 2032
- Table 37: Netherlands Metal Forging Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 38: Netherlands Metal Forging Market Volume (Kiloton) Forecast, by Application 2019 & 2032
- Table 39: Rest of Europe Metal Forging Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 40: Rest of Europe Metal Forging Market Volume (Kiloton) Forecast, by Application 2019 & 2032
- Table 41: Global Metal Forging Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 42: Global Metal Forging Market Volume Kiloton Forecast, by Country 2019 & 2032
- Table 43: China Metal Forging Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 44: China Metal Forging Market Volume (Kiloton) Forecast, by Application 2019 & 2032
- Table 45: Japan Metal Forging Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 46: Japan Metal Forging Market Volume (Kiloton) Forecast, by Application 2019 & 2032
- Table 47: India Metal Forging Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 48: India Metal Forging Market Volume (Kiloton) Forecast, by Application 2019 & 2032
- Table 49: South Korea Metal Forging Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 50: South Korea Metal Forging Market Volume (Kiloton) Forecast, by Application 2019 & 2032
- Table 51: Taiwan Metal Forging Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 52: Taiwan Metal Forging Market Volume (Kiloton) Forecast, by Application 2019 & 2032
- Table 53: Australia Metal Forging Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 54: Australia Metal Forging Market Volume (Kiloton) Forecast, by Application 2019 & 2032
- Table 55: Rest of Asia-Pacific Metal Forging Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 56: Rest of Asia-Pacific Metal Forging Market Volume (Kiloton) Forecast, by Application 2019 & 2032
- Table 57: Global Metal Forging Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 58: Global Metal Forging Market Volume Kiloton Forecast, by Country 2019 & 2032
- Table 59: Middle East Metal Forging Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 60: Middle East Metal Forging Market Volume (Kiloton) Forecast, by Application 2019 & 2032
- Table 61: Africa Metal Forging Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 62: Africa Metal Forging Market Volume (Kiloton) Forecast, by Application 2019 & 2032
- Table 63: Global Metal Forging Market Revenue USD Billion Forecast, by Raw Material 2019 & 2032
- Table 64: Global Metal Forging Market Volume Kiloton Forecast, by Raw Material 2019 & 2032
- Table 65: Global Metal Forging Market Revenue USD Billion Forecast, by Technology 2019 & 2032
- Table 66: Global Metal Forging Market Volume Kiloton Forecast, by Technology 2019 & 2032
- Table 67: Global Metal Forging Market Revenue USD Billion Forecast, by End-User 2019 & 2032
- Table 68: Global Metal Forging Market Volume Kiloton Forecast, by End-User 2019 & 2032
- Table 69: Global Metal Forging Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 70: Global Metal Forging Market Volume Kiloton Forecast, by Country 2019 & 2032
- Table 71: North America Metal Forging Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 72: North America Metal Forging Market Volume (Kiloton) Forecast, by Application 2019 & 2032
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.
Frequently Asked Questions
2. Which companies are prominent players in the Metal Forging Market?
Key companies in the market include Wyman Gordon (U.S.), Shultz Steel (U.S.), Consolidated Industries, Inc. (U.S.), Pacific Forge Incorporated (U.S.), Otto Fuchs KG (Germany), Weber Metals California (U.S.), ATI Ladish LLC (U.S.), Patriot Forge Co. (Canada), Arconic Corporation (U.S.), Alcoa Corporation (U.S.), voestalpine BÖHLER Aerospace GmbH & Co KG (Austria), China National Erzhong Group Deyang Wanhang Die Forging Co., Ltd. (China), ThyssenKrupp AG (Germany), Scot Forge Company (U.S.), Precision Castparts Corp (U.S.), Bruck GmbH (Germany), ELLWOOD Group Inc. (U.S.), Lolu Alloys Ltd (UK), Ovako AB (Sweden), Celsa Group (Spain).
3. What are the main segments of the Metal Forging Market?
The market segments include Raw Material, Technology, End-User.
4. Can you provide details about the market size?
The market size is estimated to be USD 81.13 USD Billion as of 2022.
5. What are some drivers contributing to market growth?
Rapidly Growing Automotive Industry to Boost Metal Forging Adoption.
6. What are the notable trends driving market growth?
Innovation in Products and Technologies to Fuel the Market Growth.
7. Are there any restraints impacting market growth?
Availability of Alternative Process Such as Casting to Restrict the Market Growth.
8. Can you provide examples of recent developments in the market?
February 2024: Ovako and Tibnor, well known material manufacturing and distributing companies, announced a strategic partnership to endorse low carbon footprint resolutions in steel production. As various industrial players are committing towards science-based environmental targets and legislative representatives are insisting companies to decrease their emissions or to pay the true cost for pollution.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in USD Billion and volume, measured in Kiloton.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Metal Forging Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Metal Forging Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Metal Forging Market?
To stay informed about further developments, trends, and reports in the Metal Forging Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
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