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Metal Forging Market
Metal Forging Market Size, Share, Forecast, & Trends Analysis by Method (Closed Die Forging, Open Die Forging, Cold Forging, Roll Forging), Material (Steel, Aluminum, Titanium), and End-use Industry (Automotive, Oil & Gas, Construction) - Global Forecast to 2031
Report ID:MRCHM - 1041196 Pages: 250 May-2024 Formats*: PDF Category: Chemicals and Materials Delivery: 24 to 72 HoursMetal Forging Market Size & Forecast
The Metal Forging Market is expected to reach $153.9 billion by 2031, at a CAGR of 7.4% from 2024 to 2031. The growth of the metal forging market is driven by the rising infrastructure development and growing commercial aircraft production. Furthermore, the adoption of industry 4.0 technology and advancements in forging technology are expected to offer significant growth opportunities for players operating in the metal forging market.
Metal Forging Market Growth Drivers
Rising Infrastructure Development
Rising infrastructure development plays a pivotal role in driving the growth of the metal forging market through several interconnected mechanisms. Infrastructure projects such as roads, bridges, dams, and buildings require a substantial amount of metal components, ranging from structural supports to specialized parts like hinges and fasteners. Metal forging provides a cost-effective method for producing these components in large quantities while ensuring high strength and durability, meeting the stringent requirements of infrastructure projects. Infrastructure development frequently involves expanding transportation networks such as highways, railways, and airports. These projects require a wide range of forged components for vehicles, trains, aircraft, and related infrastructure. Forged metal parts offer the necessary strength-to-weight ratio, reliability, and safety standards demanded by the transportation sector, driving demand for forging services. Such factors help to drive the growth of the market.
Growing Commercial Aircraft Production
The expansion of commercial aircraft production significantly contributes to the growth of the metal forging market as commercial aircraft manufacturers prioritize lightweight materials to improve fuel efficiency and reduce operating costs. Forged metal parts offer an excellent combination of strength and weight savings compared to cast or machined components. Components such as landing gear parts, engine components, wing structures, and fuselage frames require the superior mechanical properties provided by forging processes. Advances in aerospace engineering and design often require innovative solutions to meet evolving performance criteria. Forged metal parts play a crucial role in enabling these advancements, whether it's the development of next-generation aircraft with improved fuel efficiency, enhanced aerodynamics, or greater passenger comfort. Forging processes allow for the production of complex shapes and geometries that traditional manufacturing methods struggle to achieve. Such factors help to drive the growth of the market.
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Metal Forging Market Opportunities
Adoption of Industry 4.0 Technology
Industry 4.0 technologies enable the automation of various processes within the forging industry, from material handling and heat treatment to forging and inspection. Automated forging systems equipped with sensors, actuators, and advanced control systems can optimize production efficiency, reduce labor costs, and improve product quality by minimizing human error.
Industry 4.0 technologies enable the collection and analysis of vast amounts of data generated during the forging process, including temperature, pressure, and deformation measurements. By leveraging advanced analytics techniques such as machine learning and artificial intelligence, manufacturers can gain insights into process variability, identify opportunities for optimization, and improve forging product quality and consistency. Industry 4.0 technologies also facilitate real-time communication and collaboration among forging manufacturers, suppliers, and customers, enabling seamless integration of the supply chain by leveraging interconnected digital platforms and cloud-based systems. Forging manufacturers can streamline order processing, inventory management, and logistics, resulting in faster lead times, reduced costs, and enhanced customer satisfaction. Such factors provide lucrative growth opportunities in the development of the market.
Advancements in Forging Technology
Technological advancements and product innovation in the metal forging market have significantly enhanced the efficiency, versatility, and sustainability of metal forging products. Advanced forging techniques, such as precision forging, closed-die forging, and isothermal forging, allow for the production of complex shapes with tight tolerances and minimal material waste. These processes optimize material utilization and reduce machining requirements, leading to higher production efficiency and cost savings. Integration of forging with hybrid manufacturing processes, such as hybrid forging and additive manufacturing, combines the benefits of both technologies to produce components with complex geometries, tailored properties, and reduced lead times. Hybrid processes enable the fabrication of near-net-shape forged blanks with additively manufactured features, offering greater design flexibility and cost-effectiveness. Moreover, advancements in alloys, such as high-strength steels, superalloys, and lightweight aluminum and titanium alloys, offer improved strength-to-weight ratios, corrosion resistance, and temperature stability, expanding the range of applications for forged components in industries such as aerospace, automotive, and energy. Such factors provide lucrative growth opportunities for the development of the market.
Metal Forging Market Challenges
Supply Chain Disruptions
Supply chain disruptions can pose significant challenges in the metal forging market, impacting the production, distribution, and availability of metal forging products. Supply chain disruptions can lead to shortages of raw materials essential for forging processes, such as steel, aluminum, and titanium alloys. This can result from factors like transportation delays, production shutdowns at supplier facilities, or geopolitical tensions affecting material sourcing. Raw material shortages can disrupt production schedules, increase costs, and affect the ability to forge. Disruptions in the supply chain also disrupt production schedules and lead to unexpected downtime at forging facilities. Disruptions in production facilities, equipment breakdowns, or workforce shortages can cause delays in production schedules, affecting supply chain reliability and fulfillment of customer orders. Such factors create challenges in the development of the market.
Metal Forging Market Analysis: Key Findings
By Method: In 2024, the Open Die Forging Segment to Dominate the Metal Forging Market
Based on method, the metal forging market is segmented into closed die forging, open die forging, cold forging, roll forging, upset forging, and other methods. In 2024, the open die forging segment is expected to account for the largest share of above 49.0% of the metal forging market. The growth of this segment is attributed to its ability to produce a wide range of shapes and sizes, from simple bars to complex geometries. This versatility attracts industries with diverse forging needs, including aerospace, automotive, oil and gas, construction, and heavy machinery. Open die forging also offers flexibility in production volumes. It can efficiently produce both small batches and large quantities of parts, allowing manufacturers to adapt to varying market demands and customer orders without significant retooling or setup costs.
However, the cold forging segment is projected to register the highest CAGR during the forecast period. The growth of this segment can be attributed to various factors, as it enhances the mechanical properties of the forged parts, such as strength, hardness, and durability. The cold working process strengthens the metal by inducing strain hardening and aligning the grain structure, resulting in parts with superior mechanical performance. These enhanced properties make cold-forged components desirable for applications requiring high strength and reliability, such as automotive, aerospace, and industrial equipment. Cold forging is a high-speed manufacturing process capable of producing parts at a rapid rate. With advancements in technology and automation, cold forging systems can achieve high production volumes while maintaining consistent quality.
By Material: In 2024, the Steel Segment to Dominate the Metal Forging Market
Based on material, the metal forging market is segmented into steel, aluminum, titanium, nickel alloys, magnesium, and other materials. In 2024, the steel segment is expected to account for the largest share of above 44.0% of the metal forging market. The growth of this segment is attributed to various factors, as steel is renowned for its exceptional strength and durability, making it a preferred material for forging applications. Forged steel components exhibit superior mechanical properties, including high tensile strength, toughness, and resistance to wear and fatigue. These properties make forged steel parts ideal for critical applications in industries such as automotive, aerospace, oil and gas, construction, and power generation.
Moreover, steel forging offers tight control over the metallurgical properties of the finished parts, ensuring consistent quality and performance. The forging process refines the grain structure of the steel, eliminating defects and enhancing the mechanical properties of the material. This results in forged steel components with superior strength, toughness, and dimensional accuracy, meeting the stringent quality standards of industries such as automotive and aerospace.
However, the aluminum segment is projected to register the highest CAGR during the forecast period. The growth of this segment can be attributed to various factors, as aluminum has a low density and lightweight characteristics, making it an ideal material for applications where weight reduction is critical. Forged aluminum components offer high strength-to-weight ratios, making them suitable for aerospace, automotive, and transportation industries seeking to improve fuel efficiency and performance.
Moreover, aluminum exhibits excellent thermal and electrical conductivity properties, making it a preferred choice for heat transfer and electrical applications. Forged aluminum heat sinks, electrical connectors, and transmission components benefit from these properties, ensuring efficient energy transfer and thermal management in various electronic and automotive systems.
By End-use Industry: In 2024, the Automotive Segment to Dominate the Metal Forging Market
Based on end-use industry, the metal forging market is segmented into automotive, oil & gas, aerospace & defense, construction, agriculture, machines & tools, mining & metals, and other end-use industries. In 2024, the automotive segment is expected to account for the largest share of above 66.0% of the metal forging market. Metal forging is widely used in the production of critical engine components such as crankshafts, connecting rods, camshafts, and pistons. These components undergo high levels of stress and must withstand extreme operating conditions. Forged steel or aluminum alloys offer the necessary strength, durability, and fatigue resistance required for engine performance and reliability. Also, forged steel components are used in the construction of vehicle chassis and structural members to enhance rigidity, crashworthiness, and occupant safety. Metal forging is also utilized in the production of wheel hubs, bearings, and other wheel-related components. Forged wheel hubs provide the necessary strength and durability to support vehicle loads and withstand dynamic forces during braking, acceleration, and cornering. Such factors help to drive the growth of the metal forging market for automotive during the forecast period.
However, the construction segment is projected to register the highest CAGR during the forecast period. Metal forging is utilized in construction for a variety of applications where strength, durability, and precision are paramount. Forged steel components are integral to the construction of buildings, bridges, and other infrastructure projects. Structural steel forgings such as beams, columns, and girders provide the framework and support necessary to withstand the structural loads and forces imposed by the built environment in which forging ensures the required strength, stiffness, and dimensional accuracy of structural components, contributing to the overall stability and safety of construction projects. Additionally, metal forging is used in the manufacture of pile-driving equipment used for foundation construction and deep excavation projects. It ensures the durability, impact resistance, and precision alignment of pile driving components to achieve efficient and reliable pile installation in various soil conditions. Such factors help to drive the growth of the metal forging market for construction during the forecast period.
Geographical Analysis
In 2024, Asia-Pacific to Dominate the Metal Forging Market
In 2024, Asia-Pacific is expected to account for the largest share of above 51.0% of the metal forging market. The Asia-Pacific region, particularly countries like China, India, Japan, and South Korea, has been experiencing rapid industrialization and infrastructure development. This growth has led to increased demand for forged metal components in sectors such as automotive, construction, aerospace, energy, and manufacturing. Advancements in forging technology, materials, and processes have improved the efficiency, quality, and capabilities of metal forging in the Asia-Pacific region. Automation, robotics, computer numerical control (CNC) machining, and simulation software enhance the productivity, accuracy, and flexibility of forging operations. These technological advancements drive the adoption of metal forging in various industries and support the region's manufacturing competitiveness.
Moreover, the market in Asia-Pacific is projected to register the highest CAGR of 8.5% during the forecast period.
Metal Forging Market: Key Companies
The report offers a competitive analysis based on an extensive assessment of the product portfolios and geographic presence of leading market players and the key growth strategies adopted by them over the past 3–4 years. Some of the key players operating in the metal forging market are Arconic Corporation (U.S.), Nippon Steel Corporation (Japan), Precision Castparts Corp. (U.S.), Larsen & Toubro Limited (India), Bharat Forge Limited (India), thyssenkrupp AG (Germany), BRÜCK GmbH (Germany), ELLWOOD Group, Inc. (U.S.), Metal Forging Pvt. Ltd. (India), CELSA Group (Spain) Ovako AB (Sweden), Lolu Alloys Ltd (U.K.), Scot Forge Company (U.S.), Alcoa Corporation (U.S.), and ATI Inc.(U.S.).
Metal Forging Industry Overview: Latest Developments from Key Industry Players
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In August 2023, Apollo Global Management, Inc. (U.S.) acquired the lightweight metals manufacturer Arconic Corporation (U.S.). The company will continue to operate under the Arconic name and brand, and the deal was finalized at USD 4.6 billion.
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In February 2022, Bharat Forge (India), a leading auto component player, and its subsidiary, BF Industrial Solutions (India), entered into a definitive agreement to acquire 100% of Coimbatore-based JS Autocast Foundry India. This acquisition will enable Bharat Forge to expand its product portfolio in the industrial sector, customer base, and manufacturing presence in South India.
Metal Forging Market Research Summary
|
Particulars |
Details |
|
Number of Pages |
250 |
|
Format |
|
|
Forecast Period |
2024–2031 |
|
Base Year |
2023 |
|
CAGR |
7.4% |
|
Market Size |
USD 153.9 Billion by 2031 |
|
Segments Covered |
By Method
By Material
By End-use Industry
|
|
Countries Covered |
Europe (Germany, U.K., France, Italy, Spain, Netherlands, Switzerland, Sweden, Denmark, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia & New Zealand, Indonesia, Thailand, Vietnam, Malaysia, Singapore, and Rest of Asia- Pacific), North America (U.S., Canada), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa (UAE, Israel, and Rest of Middle East & Africa) |
|
Key Companies |
Arconic Corporation (U.S.), Nippon Steel Corporation (Japan), Precision Castparts Corp. (U.S.), Larsen & Toubro Limited (India), Bharat Forge Limited (India), thyssenkrupp AG (Germany), BRÜCK GmbH (Germany), ELLWOOD Group, Inc. (U.S.), Metal Forging Pvt. Ltd. (India), CELSA Group (Spain) Ovako AB (Sweden), Lolu Alloys Ltd (U.K.), Scot Forge Company (U.S.), Alcoa Corporation (U.S.), and ATI Inc.(U.S.) |
Key questions answered in the metal forging market report:
The metal forging market is expected to reach $153.9 billion by 2031, at a CAGR of 7.4% from 2024 to 2031.
The metal forging market study focuses on market assessment and opportunity analysis through the sales of metal forging across different regions and countries across different market segmentations. This study is also focused on competitive analysis for metal forging based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies.
In 2024, the open die forging segment is expected to account for the largest share of above 49.0% of the metal forging market. The segment’s growth is attributed to its ability to produce a wide range of shapes and sizes, from simple bars to complex geometries. This versatility attracts industries with diverse forging needs, including aerospace, automotive, oil and gas, construction, and heavy machinery.
The construction segment is projected to register the highest CAGR during the forecast period. Metal forging is utilized in construction for a variety of applications where strength, durability, and precision are paramount. Forged steel components are integral to the construction of buildings, bridges, and other infrastructure projects. Structural steel forgings such as beams, columns, and girders provide the framework and support necessary to withstand the structural loads and forces imposed by the built environment in which forging ensures the required strength, stiffness, and dimensional accuracy of structural components, contributing to the overall stability and safety of construction projects.
The growth of the metal forging market is driven by the rising infrastructure development and growing commercial aircraft production. Furthermore, the adoption of industry 4.0 technology and advancements in forging technology are expected to offer significant growth opportunities for players operating in the metal forging market.
The key players operating in the metal forging market include Arconic Corporation (U.S.), Nippon Steel Corporation (Japan), Precision Castparts Corp. (U.S.), Larsen & Toubro Limited (India), Bharat Forge Limited (India), thyssenkrupp AG (Germany), BRÜCK GmbH (Germany), ELLWOOD Group, Inc. (U.S.), Metal Forging Pvt. Ltd. (India), CELSA Group (Spain) Ovako AB (Sweden), Lolu Alloys Ltd (U.K.), Scot Forge Company (U.S.), Alcoa Corporation (U.S.), and ATI Inc.(U.S.).
Asia-Pacific is projected to register the highest CAGR of 8.5% during the forecast period. The Asia-Pacific region, particularly countries like China, India, Japan, and South Korea, has been experiencing rapid industrialization and infrastructure development. This growth has led to increased demand for forged metal components in sectors such as automotive, construction, aerospace, energy, and manufacturing. Advancements in forging technology, materials, and processes have improved the efficiency, quality, and capabilities of metal forging in the Asia-Pacific region. Automation, robotics, computer numerical control (CNC) machining, and simulation software enhance the productivity, accuracy, and flexibility of forging operations. These technological advancements drive the adoption of metal forging in various industries and support the region's manufacturing competitiveness.
1. Introduction
1.1. Market Definition & Scope
1.2. Currency & Limitations
1.2.1. Currency
1.2.2. Limitations
2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation Process
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing and Forecasting
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
3.1. Market Overview
3.2. Market Analysis, by Method
3.3. Market Analysis, by Material
3.4. Market Analysis, by End-use Industry
3.5. Market Analysis, by Geography
3.6. Competitive Analysis
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. Drivers
4.2.1.1. Rising Infrastructure Development
4.2.1.2. Growing Commercial Aircraft Production
4.2.2. Restraints
4.2.2.1. Intensive Energy Consumption
4.2.2.2. Fluctuating Raw Material Costs and Availability
4.2.3. Opportunities
4.2.3.1. Adoption of Industry 4.0 Technology
4.2.3.2. Advancements in Forging Technology
4.2.4. Challenges
4.2.4.1. Supply Chain Disruptions
4.2.4.2. Regulatory Compliance Complexity
4.3. Case Studies
4.4. Value Chain Analysis
4.5. Porter’s Five Forces Analysis
5. Metal Forging Market Assessment—by Method
5.1. Overview
5.2. Closed Die Forging
5.3. Open Die Forging
5.4. Cold Forging
5.5. Roll Forging
5.6. Upset Forging
5.7. Other Methods
6. Metal Forging Market Assessment—by Material
6.1. Overview
6.2. Steel
6.3. Aluminum
6.4. Titanium
6.5. Nickel Alloys
6.6. Magnesium
6.7. Other Materials
7. Metal Forging Market Assessment—by End-use Industry
7.1. Overview
7.2. Automotive
7.3. Oil & Gas
7.4. Aerospace & Defense
7.5. Construction
7.6. Agriculture
7.7. Machines & Tools
7.8. Mining & Metals
7.9. Other End-use Industries
8. Metal Forging Market Assessment—by Geography
8.1. North America
8.1.1. U.S.
8.1.2. Canada
8.2. Europe
8.2.1. Germany
8.2.2. U.K.
8.2.3. France
8.2.4. Italy
8.2.5. Spain
8.2.6. Netherlands
8.2.7. Switzerland
8.2.8. Sweden
8.2.9. Denmark
8.2.10. Rest of Europe
8.3. Asia-Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. South Korea
8.3.5. Australia & New Zealand
8.3.6. Indonesia
8.3.7. Thailand
8.3.8. Vietnam
8.3.9. Malaysia
8.3.10. Singapore
8.3.11. Rest of Asia- Pacific
8.4. Latin America
8.4.1. Mexico
8.4.2. Brazil
8.4.3. Rest of Latin America
8.5. Middle East & Africa
8.5.1. UAE
8.5.2. Israel
8.5.3. Rest of Middle East & Africa
9. Competition Analysis
9.1. Overview
9.2. Key Growth Strategies
9.3 Competitive Benchmarking
9.4. Competitive Dashboard
9.4.1. Industry Leaders
9.4.2. Market Differentiators
9.4.3. Vanguards
9.4.4. Emerging Companies
9.5. Market Share Analysis
10. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)
10.1. Arconic Corporation
10.2. Nippon Steel Corporation
10.3. Precision Castparts Corp.
10.4. Larsen & Toubro Limited
10.5. Bharat Forge Limited
10.6. thyssenkrupp AG
10.7. BRÜCK GmbH
10.8. ELLWOOD Group, Inc.
10.9. Metal Forging Pvt. Ltd.
10.10. CELSA Group
10.11. Ovako AB
10.12. Lolu Alloys Ltd
10.13. Scot Forge Company
10.14. Alcoa Corporation
10.15. ATI Inc.
(Note: SWOT analysis of the top 5 companies will be provided.)
11. Appendix
11.1. Available Customization
11.2. Related Reports
List of Tables
Table 1 Currency Conversion Rates (2018–2022)
Table 2 Global Metal Forging Market, by Method, 2024–2031 (USD Million)
Table 3 Global Closed Die Forging Market, by Country/Region, 2022–2031 (USD Million)
Table 4 Global Open Die Forging Market, by Country/Region, 2022–2031 (USD Million)
Table 5 Global Cold Forging Market, by Country/Region, 2022–2031 (USD Million)
Table 6 Global Roll Forging Market, by Country/Region, 2022–2031 (USD Million)
Table 7 Global Upset Forging Market, by Country/Region, 2022–2031 (USD Million)
Table 8 Global Other Methods Forging Market, by Country/Region, 2022–2031 (USD Million)
Table 9 Global Metal Forging Market, by Material, 2024–2031 (USD Million)
Table 10 Global Aluminum Forging Market, by Country/Region, 2022–2031 (USD Million)
Table 11 Global Titanium Forging Market, by Country/Region, 2022–2031 (USD Million)
Table 12 Global Nickel Alloys Forging Market, by Country/Region, 2022–2031 (USD Million)
Table 13 Global Magnesium Forging Market, by Country/Region, 2022–2031 (USD Million)
Table 14 Global Other Materials Forging Market, by Country/Region, 2022–2031 (USD Million)
Table 15 Global Metal Forging Market, by End-use Industry, 2024–2031 (USD Million)
Table 16 Global Metal Forging Market for Automotive, by Country/Region, 2022–2031 (USD Million)
Table 17 Global Metal Forging Market for Oil & Gas, by Country/Region, 2022–2031 (USD Million)
Table 18 Global Metal Forging Market for Aerospace & Defense, by Country/Region, 2022–2031 (USD Million)
Table 19 Global Metal Forging Market for Construction, by Country/Region, 2022–2031 (USD Million)
Table 20 Global Metal Forging Market for Agriculture, by Country/Region, 2022–2031 (USD Million)
Table 21 Global Metal Forging Market for Machines & Tools, by Country/Region, 2022–2031 (USD Million)
Table 22 Global Metal Forging Market for Mining & Metals, by Country/Region, 2022–2031 (USD Million)
Table 23 Global Metal Forging Market for Other End-use Industries, by Country/Region, 2022–2031 (USD Million)
Table 24 Global Metal Forging Market, by Country/Region, 2022–2031 (USD Million)
Table 25 Asia-Pacific: Metal Forging Market, by Country/Region, 2022–2031 (USD Million)
Table 26 Asia-Pacific: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 27 Asia-Pacific: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 28 Asia-Pacific: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 29 China: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 30 China: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 31 China: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 32 Japan: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 33 Japan: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 34 Japan: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 35 India: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 36 India: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 37 India: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 38 South Korea: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 39 South Korea: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 40 South Korea: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 41 Australia & New Zealand: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 42 Australia & New Zealand: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 43 Australia & New Zealand: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 44 Indonesia: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 45 Indonesia: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 46 Indonesia: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 47 Thailand: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 48 Thailand: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 49 Thailand: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 50 Vietnam: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 51 Vietnam: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 52 Vietnam: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 53 Malaysia: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 54 Malaysia: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 55 Malaysia: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 56 Singapore: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 57 Singapore: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 58 Singapore: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 59 Rest of Asia-Pacific: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 60 Rest of Asia-Pacific: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 61 Rest of Asia-Pacific: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 62 North America: Metal Forging Market, by Country, 2022–2031 (USD Million)
Table 63 North America: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 64 North America: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 65 North America: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 66 U.S.: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 67 U.S.: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 68 U.S.: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 69 Canada: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 70 Canada: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 71 Canada: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 72 Europe: Metal Forging Market, by Country/Region, 2022–2031 (USD Million)
Table 73 Europe: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 74 Europe: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 75 Europe: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 76 Germany: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 77 Germany: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 78 Germany: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 79 U.K.: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 80 U.K.: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 81 U.K.: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 82 France: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 83 France: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 84 France: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 85 Italy: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 86 Italy: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 87 Italy: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 88 Spain: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 89 Spain: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 90 Spain: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 91 Netherlands: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 92 Netherlands: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 93 Netherlands: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 94 Switzerland: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 95 Switzerland: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 96 Switzerland: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 97 Sweden: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 98 Sweden: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 99 Sweden: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 100 Denmark: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 101 Denmark: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 102 Denmark: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 103 Rest of Europe: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 104 Rest of Europe: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 105 Rest of Europe: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 106 Latin America: Metal Forging Market, by Country/Region, 2022–2031 (USD Million)
Table 107 Latin America: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 108 Latin America: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 109 Latin America: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 110 Mexico: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 111 Mexico: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 112 Mexico: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 113 Brazil: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 114 Brazil: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 115 Brazil: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 116 Rest of Latin America: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 117 Rest of Latin America: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 118 Rest of Latin America: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 119 Middle East & Africa: Metal Forging Market, by Country/Region, 2022–2031 (USD Million)
Table 120 Middle East & Africa: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 121 Middle East & Africa: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 122 Middle East & Africa: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 123 UAE: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 124 UAE: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 125 UAE: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 126 Israel: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 127 Israel: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 128 Israel: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
Table 129 Rest of Middle East & Africa: Metal Forging Market, by Method, 2022–2031 (USD Million)
Table 130 Rest of Middle East & Africa: Metal Forging Market, by Material, 2022–2031 (USD Million)
Table 131 Rest of Middle East & Africa: Metal Forging Market, by End-use Industry, 2022–2031 (USD Million)
List of Figures
Figure 1 Market Ecosystem
Figure 2 Key Stakeholders
Figure 3 Research Process
Figure 4 Key Secondary Sources
Figure 5 Primary Research Techniques
Figure 6 Key Executives Interviewed
Figure 7 Breakdown of Primary Interviews (Supply-side & Demand-side)
Figure 8 Market Sizing and Growth Forecast Approach
Figure 9 Key Insights
Figure 10 The Open Die Forging Segment to Account for the Largest Market Share in 2024
Figure 11 The Steel Segment to Account for the Largest Market Share in 2024
Figure 12 The Automotive Segment to Account for the Largest Market Share in 2024
Figure 13 Global Metal Forging Market, by Region (2024 VS. 2031)
Figure 14 Impact Analysis of Market Dynamics
Figure 15 Metal Forging Market Supply Chain
Figure 16 Porter's Five Forces Analysis
Figure 17 Global Metal Forging Market, by Method, 2024 Vs. 2031 (USD Million)
Figure 18 Global Metal Forging Market, by Material, 2024 Vs. 2031 (USD Million)
Figure 19 Global Metal Forging Market, by End-use Industry, 2024 Vs. 2031 (USD Million)
Figure 20 Global Metal Forging Market, by Country/Region, 2024 Vs. 2031 (USD Million)
Figure 21 Asia-Pacific: Metal Forging Market Snapshot
Figure 22 North America: Metal Forging Market Snapshot
Figure 23 Europe: Metal Forging Market Snapshot
Figure 24 Latin America: Metal Forging Market Snapshot
Figure 25 Middle East & Africa: Metal Forging Market Snapshot
Figure 26 Leading Market Players’ Strategic Developments (2020–2023)
Figure 27 Vendor Market Positioning Analysis (2021–2023)
Figure 28 Competitive Dashboard: Global Metal Forging Market
Figure 29 Market Share Analysis, by Leading Players, 2022
Figure 30 Arconic Corporation: Financial Overview (2022)
Figure 31 Nippon Steel Corporation: Financial Overview (2022)
Figure 32 Larsen & Toubro Limited: Financial Overview (2022)
Figure 33 Bharat Forge Limited: Financial Overview (2022)
Figure 34 thyssenkrupp AG: Financial Overview (2022)
Figure 35 Alcoa Corporation: Financial Overview (2022)
Figure 36 ATI Inc.: Financial Overview (2022)
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