Metal Forging in United States Trends and Forecast
The future of the metal forging market in United States looks promising with opportunities in the transportation, aerospace, oil & gas, construction, agriculture, power generation, and marine markets. The global metal forging market is expected to reach an estimated $111.8 billion by 2031 with a CAGR of 7.2% from 2025 to 2031. The metal forging market in United States is also forecasted to witness strong growth over the forecast period. The major drivers for this market are the growing demand for metal forged parts from the aerospace industry, increased emphasis on lightweight and high-strength materials, and the expanding number of flyers across the globe.
• Lucintel forecasts that, within the raw material category, carbon steel will remain the largest segment over the forecast period due to its substantial usage in oilfield and automotive applications, given its affordability and wide availability.
• Within the application category, automotive will remain the largest segment due to substantial use of metal forging in this sector, given its numerous benefits, such as dependability, strength, and durability.
Emerging Trends in the Metal Forging Market in United States
The metal forging market in the United States is evolving due to technological advancements, increasing demand for high-performance materials, and an expanding focus on sustainability. Trends like automation, new materials, and the push for eco-friendly practices are reshaping industries like automotive, aerospace, and defense. These trends are not only enhancing the competitiveness of U.S. manufacturers but also positioning them as leaders in producing high-precision, environmentally conscious forged components that meet global standards.
• Adoption of Smart Manufacturing and Automation: U.S. metal forging companies are increasingly integrating smart technologies, including robotics and AI, into production processes. This shift toward automation is improving efficiency, reducing labor costs, and enhancing precision in forging operations. As manufacturers adopt more intelligent systems for real-time data collection and predictive maintenance, product quality improves, and lead times shorten, strengthening their position in the global market.
• Sustainability and Green Manufacturing: Sustainability is becoming a focal point for the U.S. metal forging industry. Companies are focusing on energy-efficient forging processes, reducing emissions, and recycling scrap metal. The demand for environmentally friendly production practices is growing across sectors like automotive and aerospace, which are under increasing regulatory pressure. U.S. manufacturers are adopting green technologies to meet both regulatory requirements and consumer preferences, reducing their environmental impact and improving their market appeal.
• Use of Lightweight and High-Strength Alloys: The U.S. metal forging industry is shifting towards the development and use of lightweight, high-strength alloys. These materials are crucial in sectors like automotive and aerospace, where reducing weight improves fuel efficiency and performance. Innovations in alloy development and forging techniques allow U.S. manufacturers to produce parts that meet the high-performance demands of modern industries while minimizing material costs.
• Growth of Electric Vehicle (EV) Manufacturing: The surge in electric vehicle (EV) production is creating new opportunities for the U.S. metal forging market. Manufacturers are producing forged components specific to EV needs, such as lightweight battery casings, motor housings, and suspension parts. This shift in focus to EV components allows U.S. forging companies to diversify their offerings and cater to an expanding, eco-conscious market.
• Precision Forging in Aerospace and Defense: The aerospace and defense sectors remain a dominant force driving the demand for high-quality forged components. U.S. manufacturers are investing heavily in precision forging technologies to produce parts that meet the stringent requirements of these sectors. As demand for advanced aircraft, spacecraft, and defense systems rises, U.S. forging companies are leading the charge in producing lightweight, high-strength parts that offer reliability and durability under extreme conditions.
Emerging trends in the U.S. metal forging market—ranging from smart manufacturing to sustainability and high-performance materials—are transforming the way forged components are produced. The integration of automation, focus on green practices, and diversification into electric vehicles and advanced materials are reshaping the industry and ensuring that U.S. manufacturers remain competitive on a global scale.
Recent Developments in the Metal Forging Market in United States
Recent developments in the U.S. metal forging market reflect the industry response to growing demand for precision, sustainability, and advanced materials. As key sectors such as automotive, aerospace, and defense evolve, U.S. manufacturers are making significant strides in technology, product innovation, and market diversification. These developments are setting the stage for long-term growth in the U.S. forging sector.
• Investment in Automation and Robotics: U.S. forging companies are significantly increasing investments in automation and robotics to boost productivity and precision. By incorporating automated systems, manufacturers can streamline production lines, reduce human error, and improve the consistency of their products. Automation also enables faster turnaround times and enhanced quality control, which is vital for meeting the high standards required in industries like aerospace and automotive.
• Focus on Sustainability and Waste Reduction: Companies are increasingly prioritizing sustainable practices by optimizing energy usage and reducing waste. Many manufacturers are introducing processes to recycle scrap metal and use energy-efficient forging methods. This shift is not only in response to regulatory pressure but also to meet growing consumer demand for environmentally responsible production. Waste reduction strategies are helping U.S. firms lower costs and improve their environmental footprint, enhancing their competitiveness.
• Advances in Alloy and Material Development: U.S. metal forging companies are investing in the development of advanced materials, including lightweight alloys and composites. These materials are becoming critical for industries like aerospace and automotive, where performance and fuel efficiency are key considerations. By developing and utilizing advanced alloys, U.S. manufacturers can offer better products at lower weights, which is essential for meeting the needs of high-performance sectors.
• Surge in Demand for Electric Vehicle Components: With the increasing adoption of electric vehicles, the U.S. forging industry is responding by supplying forged parts that cater specifically to EV manufacturing needs. Components like motor housings, suspension systems, and battery enclosures require specialized forging techniques. This surge in demand represents a significant opportunity for U.S. manufacturers to diversify their offerings and capture a share of the rapidly expanding electric vehicle market.
• Investment in Aerospace and Defense Technologies: Aerospace and defense sectors continue to be significant drivers of demand for metal forging. U.S. manufacturers are investing in advanced forging technologies to produce lightweight, high-strength components required for modern aircraft, spacecraft, and military vehicles. As defense spending rises and new aerospace projects emerge, the demand for precision-forged components is expected to grow, offering substantial opportunities for U.S. manufacturers.
Recent developments in the U.S. metal forging market highlight the sector ongoing evolution in response to technological advances, sustainability initiatives, and growing demand from key industries. These developments position U.S. manufacturers to meet the demands of high-growth sectors such as electric vehicles, aerospace, and defense, ensuring their continued leadership in global forging markets.
Strategic Growth Opportunities for Metal Forging Market in United States
The U.S. metal forging market is witnessing a surge in strategic growth opportunities, particularly driven by emerging sectors such as electric vehicles, aerospace, and defense. The adoption of advanced technologies and materials presents opportunities for U.S. manufacturers to expand their product portfolios and strengthen their global presence. By focusing on high-demand applications, companies can ensure sustained growth and competitiveness in a rapidly evolving market.
• Electric Vehicle (EV) Components: The rise of the EV market presents a valuable growth opportunity for U.S. metal forging companies. Demand for lightweight, high-performance components used in electric vehicle motors, suspensions, and battery housings is increasing. As automakers shift toward electric mobility, forging companies can capitalize on this transition by developing specialized parts that meet the unique requirements of the EV market.
• Aerospace and Defense Expansion: The continued growth of the aerospace and defense sectors offers U.S. forging companies significant expansion potential. Manufacturers are increasingly focused on producing high-precision forged components used in aircraft, spacecraft, and military equipment. As these industries seek parts that offer enhanced performance and durability, U.S. manufacturers are well-positioned to supply advanced, high-strength components for critical applications.
• Automotive Lightweighting: With the automotive industry prioritizing fuel efficiency and performance, the demand for lightweight forged components is on the rise. U.S. manufacturers have an opportunity to capitalize on the trend towards lightweighting by producing high-strength, low-weight forged parts for vehicles. This includes components like suspension systems, engine parts, and structural elements that contribute to improved fuel efficiency and reduced emissions.
• Sustainable Manufacturing Practices: As sustainability becomes increasingly important, U.S. forging companies can benefit from implementing energy-efficient production methods and recycling scrap metal. By adopting green manufacturing practices, U.S. companies can appeal to environmentally conscious consumers and fulfill stricter regulatory requirements. This focus on sustainability is a key opportunity for companies to enhance their market appeal and reduce operational costs.
• Medical and Healthcare Applications: The medical industry presents a niche growth opportunity for U.S. metal forging companies. Forged components used in medical equipment, surgical tools, and implants require the highest levels of precision and quality. As the demand for advanced healthcare solutions grows, U.S. manufacturers can expand their product offerings by developing specialized forged parts that meet stringent medical industry standards.
Strategic growth opportunities in the U.S. metal forging market are abundant, with key sectors like electric vehicles, aerospace, automotive lightweighting, sustainability, and medical applications driving demand for innovative forged components. By capitalizing on these trends, U.S. manufacturers can diversify their offerings and strengthen their position in global markets.
Metal Forging Market in United States Driver and Challenges
The U.S. metal forging market is influenced by several drivers, including technological innovations, growing demand from key industries, and regulatory shifts towards sustainability. However, challenges such as raw material cost volatility, labor shortages, and international competition present obstacles. Understanding both the drivers and challenges allows manufacturers to navigate market dynamics and make informed decisions to stay competitive in a global economy.
The factors responsible for driving the metal forging market in the United States include:
• Technological Advancements: The adoption of advanced manufacturing technologies such as automation, robotics, and AI is a major driver of growth in the U.S. metal forging market. These technologies increase efficiency, reduce costs, and enhance precision, which is essential for meeting the high demands of industries like aerospace and automotive.
• Sector-Specific Growth in Aerospace and Defense: The aerospace and defense sectors continue to drive demand for high-performance forged components. As these industries require more advanced, lightweight materials and precision parts, the U.S. metal forging market is seeing increased investments in precision forging technologies.
• Electric Vehicle Market Growth: The growth of the electric vehicle sector is fueling demand for forged components. Components such as motor housings, suspension systems, and battery enclosures require specialized forging techniques, presenting a lucrative opportunity for U.S. manufacturers to diversify their product offerings.
• Sustainability Focus: U.S. manufacturers are increasingly adopting sustainable practices such as recycling and energy-efficient production. This shift is driven by both consumer demand for eco-friendly products and the need to comply with stricter environmental regulations, positioning U.S. forging companies as leaders in green manufacturing.
• Economic Recovery and Increased Demand: Following the economic challenges of the pandemic, there is a strong rebound in manufacturing activities across sectors like automotive, aerospace, and defense, driving the need for more forged parts. This recovery presents a key opportunity for U.S. manufacturers to meet growing demands for high-performance components.
Challenges in the metal forging market in the United States are:
• Raw Material Price Volatility: The prices of raw materials like steel and aluminum can fluctuate significantly, impacting production costs for forging companies. These price variations can squeeze profit margins and make it difficult for companies to maintain consistent pricing and cost-efficiency.
• Labor Shortages and Skill Gaps: The forging industry faces challenges in recruiting skilled workers due to an aging workforce and a lack of young talent entering the trade. This shortage of skilled labor makes it difficult to scale production and meet rising demand, affecting overall industry growth.
• Global Competition: U.S. metal forging companies face stiff competition from lower-cost producers in other regions, particularly Asia. This international competition puts pressure on U.S. manufacturers to innovate and improve efficiency to maintain a competitive edge in the global market.
The U.S. metal forging market is shaped by technological advances, sector growth, and sustainability, but challenges such as raw material cost volatility, labor shortages, and global competition remain. Addressing these challenges while leveraging the key drivers will be crucial for manufacturers aiming to maintain their competitive edge and ensure sustained growth in the global market.
List of Metal Forging Market in United States Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies, metal forging companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the metal forging companies profiled in this report include:
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5
• Company 6
• Company 7
• Company 8
• Company 9
• Company 10
Metal Forging Market in United States by Segment
The study includes a forecast for the metal forging market in United States by raw material and application.
Metal Forging Market in United States by Raw Material [Analysis by Value from 2019 to 2031]:
• Carbon Steel
• Alloy Steel
• Aluminum
• Magnesium
• Stainless Steel
• Titanium
• Others
Metal Forging Market in United States by Application [Analysis by Value from 2019 to 2031]:
• Transportation
• Aerospace
• Oil & Gas
• Construction
• Agriculture
• Power Generation
• Marine
• Others
Features of the Metal Forging Market in United States
Market Size Estimates: Metal forging in United States market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends and forecasts by various segments.
Segmentation Analysis: Metal forging in United States market size by raw material and application in terms of value ($B).
Growth Opportunities: Analysis of growth opportunities in different raw materials and applications for the metal forging in United States.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the metal forging in United States.
Analysis of competitive intensity of the industry based on Porter Five Forces model.
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FAQ
Q1. What are the major drivers influencing the growth of the metal forging market in United States?
Answer: The major drivers for this market are the growing demand for metal forged parts from the aerospace industry, increased emphasis on lightweight and high-strength materials, and the expanding number of flyers across the globe.
Q2. What are the major segments for metal forging market in United States?
Answer: The future of the metal forging market in United States looks promising with opportunities in the transportation, aerospace, oil & gas, construction, agriculture, power generation, and marine markets.
Q3. Which metal forging market segment in United States will be the largest in future?
Answer: Lucintel forecasts that carbon steel will remain the largest segment over the forecast period due to its substantial usage in oilfield and automotive applications, given its affordability and wide availability.
Q4. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 10 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the metal forging market in United States by raw material (carbon steel, alloy steel, aluminum, magnesium, stainless steel, titanium, and others) and application (transportation, aerospace, oil & gas, construction, agriculture, power generation, marine, and others)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.4. What are the business risks and competitive threats in this market?
Q.5. What are the emerging trends in this market and the reasons behind them?
Q.6. What are some of the changing demands of customers in the market?
Q.7. What are the new developments in the market? Which companies are leading these developments?
Q.8. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.9. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.10. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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