The Impact of COVID-19 is included in Metal Forging Market Report. Buy it today to get an advantage.
Request the impact of COVID-19 on your product or industry
Metal Forging Trends and Forecast
The future of the global metal forging market 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 2030 with a CAGR of 7.2% from 2024 to 2030. The major drivers for this market are growing demand for metal forged parts from the aerospace industry, increased emphasis on lightweight and high-strength materials, and expanding number of flyers across the globe.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Metal Forging by Segment
The study includes a forecast for the global metal forging by raw material, application, and region.
Metal Forging Market by Raw Material [Shipment Analysis by Value from 2018 to 2030]:
• Carbon Steel
• Alloy Steel
• Aluminum
• Magnesium
• Stainless Steel
• Titanium
• Others
Metal Forging Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Transportation
• Aerospace
• Oil & Gas
• Construction
• Agriculture
• Power Generation
• Marine
• Others
Metal Forging Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Metal Forging 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. With these strategies metal forging companies cater 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-
• Aronic
• ATI
• Bharat Forge
• Bruck
• China First Heavy Machinery
• ELLWOOD
• Jiangyin Hengrun Heavy Industries
• Nippon Steel
• Precision Castparts
• Larsen & Toubro
Metal Forging Market Insights
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 to its affordablity and widely availablity.
Within this market, automotive will remain the largest segment due to substantial use of metal forging in this sector given to its numerous benefits, such as dependability, strength, and durability.
APAC will remain the largest region over the forecast period due to increased expenditures for the construction of airports, railroad tracks, and bridges in the region.
Features of the Global Metal Forging Market
Market Size Estimates: Metal forging market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Metal forging market size by raw material, application, and region in terms of value ($B).
Regional Analysis: Metal forging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different raw materials, applications, and regions for the metal forging market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the metal forging market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the metal forging market size?
Answer: The global metal forging market is expected to reach an estimated $111.8 billion by 2030.
Q2. What is the growth forecast for metal forging market?
Answer: The global metal forging market is expected to grow with a CAGR of 7.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the metal forging market?
Answer: The major drivers for this market are growing demand for metal forged parts from the aerospace industry, increased emphasis on lightweight and high-strength materials, and expanding number of flyers across the globe.
Q4. What are the major segments for metal forging market?
Answer: The future of the metal forging market looks promising with opportunities in the transportation, aerospace, oil & gas, construction, agriculture, power generation, and marine markets.
Q5. Who are the key metal forging market companies?
Answer: Some of the key metal forging companies are as follows:
• Aronic
• ATI
• Bharat Forge
• Bruck
• China First Heavy Machinery
• ELLWOOD
• Jiangyin Hengrun Heavy Industries
• Nippon Steel
• Precision Castparts
• Larsen & Toubro
Q6. Which metal forging market segment 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 to its affordablity and widely availablity.
Q7. In metal forging market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to increased expenditures for the construction of airports, railroad tracks, and bridges in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the metal forging market by raw material (carbon steel, alloy steel, aluminum, magnesium, stainless steel, titanium, and others), application (transportation, aerospace, oil & gas, construction, agriculture, power generation, marine, others, and), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. 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.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Metal Forging Market, Metal Forging Market Size, Metal Forging Market Growth, Metal Forging Market Analysis, Metal Forging Market Report, Metal Forging Market Share, Metal Forging Market Trends, Metal Forging Market Forecast, Metal Forging Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Metal Forging Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Metal Forging Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Metal Forging Market by Raw Material
3.3.1: Carbon Steel
3.3.2: Alloy Steel
3.3.3: Aluminum
3.3.4: Magnesium
3.3.5: Stainless Steel
3.3.6: Titanium
3.3.7: Others
3.4: Global Metal Forging Market by Application
3.4.1: Transportation
3.4.2: Aerospace
3.4.3: Oil & Gas
3.4.4: Construction
3.4.5: Agriculture
3.4.6: Power Generation
3.4.7: Marine
3.4.8: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Metal Forging Market by Region
4.2: North American Metal Forging Market
4.2.2: North American Metal Forging Market by Application: Transportation, Aerospace, Oil & Gas, Construction, Agriculture, Power Generation, Marine, Others, and
4.3: European Metal Forging Market
4.3.1: European Metal Forging Market by Raw Material: Carbon Steel, Alloy Steel, Aluminum, Magnesium, Stainless Steel, Titanium, and Others
4.3.2: European Metal Forging Market by Application: Transportation, Aerospace, Oil & Gas, Construction, Agriculture, Power Generation, Marine, Others, and
4.4: APAC Metal Forging Market
4.4.1: APAC Metal Forging Market by Raw Material: Carbon Steel, Alloy Steel, Aluminum, Magnesium, Stainless Steel, Titanium, and Others
4.4.2: APAC Metal Forging Market by Application: Transportation, Aerospace, Oil & Gas, Construction, Agriculture, Power Generation, Marine, Others, and
4.5: ROW Metal Forging Market
4.5.1: ROW Metal Forging Market by Raw Material: Carbon Steel, Alloy Steel, Aluminum, Magnesium, Stainless Steel, Titanium, and Others
4.5.2: ROW Metal Forging Market by Application: Transportation, Aerospace, Oil & Gas, Construction, Agriculture, Power Generation, Marine, Others, and
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Metal Forging Market by Raw Material
6.1.2: Growth Opportunities for the Global Metal Forging Market by Application
6.1.3: Growth Opportunities for the Global Metal Forging Market by Region
6.2: Emerging Trends in the Global Metal Forging Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Metal Forging Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Metal Forging Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Aronic
7.2: ATI
7.3: Bharat Forge
7.4: Bruck
7.5: China First Heavy Machinery
7.6: ELLWOOD
7.7: Jiangyin Hengrun Heavy Industries
7.8: Nippon Steel
7.9: Precision Castparts
7.10: Larsen & Toubro
.
Buy full report or by chapter as follows
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
Please sign in below to get report brochure - Metal Forging Market Report.