Global Metal Forging Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032

Market Overview

According to DIResearch＇s in-depth investigation and research, the global Metal Forging market size will reach 110,539 Million USD in 2025 and is projected to reach 175,307 Million USD by 2032, with a CAGR of 6.81% (2025-2032). Notably, the China Metal Forging market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be  Million USD, representing approximately  % of the global market share.

Research Summary

Metal forging is a manufacturing process in which metal is shaped and formed under high pressure and localized heat. It involves the use of tools, such as hammers or presses, to deform the metal into a desired shape or configuration. During the forging process, the metal is heated to a specific temperature, known as the forging temperature, which makes it more malleable and easier to shape. The metal is then placed on a die or anvil, and force is applied to shape it through compressive forces. This process alters the grain structure of the metal, resulting in improved mechanical properties, such as increased strength and enhanced resistance to fatigue. Metal forging is commonly used in the production of a wide range of components, including automotive parts, aerospace components, hand tools, and industrial machinery. It offers advantages such as superior material strength, improved grain structure, and the ability to achieve complex shapes with precision. Various forging techniques, such as open-die forging, closed-die forging, and precision forging, can be employed to meet specific requirements and produce high-quality metal components.

The major global  manufacturers of Metal Forging include Precision Castparts Corp. (Berkshire Hathaway), Howmet Aerospace Inc., Allegheny Technologies Incorporated (ATI), Thyssenkrupp, Nippon Steel, VSMPO-AVISMA, KOBELCO, Aichi Steel, Aubert & Duval (Eramet), Bharat Forge, American Axle and Manufacturing (AAM), AVIC Heavy Machinery, Wanxiang Qianchao, FAW, FRISA, Farinia Group, Longcheng Precision Forging, Pacific Precision Forging, Jinma Industrial Group, Mahindra Forgings Europe, Jinan Sinotruck Co., CITIC Heavy Industries, Dongfeng Forging, Acerinox S.A., Jiangyin Hengrun Heavy Industries, Tongyu Heavy Industry, Wuxi Paike New Material Technology, Scot Forge Company, Xi’an Triangle Defence Incorporated Company, Brück GmbH, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.

This report studies the market size, price trends and future development prospects of Metal Forging. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Metal Forging market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.

The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Metal Forging market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Metal Forging industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.    

The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.

Global Key Manufacturers of Metal Forging Include:

Precision Castparts Corp. (Berkshire Hathaway)

Howmet Aerospace Inc.

Allegheny Technologies Incorporated (ATI)

Thyssenkrupp

Nippon Steel

VSMPO-AVISMA

KOBELCO

Aichi Steel

Aubert & Duval (Eramet)

Bharat Forge

American Axle and Manufacturing (AAM)

AVIC Heavy Machinery

Wanxiang Qianchao

FAW

FRISA

Farinia Group

Longcheng Precision Forging

Pacific Precision Forging

Jinma Industrial Group

Mahindra Forgings Europe

Jinan Sinotruck Co.

CITIC Heavy Industries

Dongfeng Forging

Acerinox S.A.

Jiangyin Hengrun Heavy Industries

Tongyu Heavy Industry

Wuxi Paike New Material Technology

Scot Forge Company

Xi’an Triangle Defence Incorporated Company

Brück GmbH

Metal Forging Product Segment Include:

Carbon Steel

Alloy Steel

Aluminum

Magnesium

Stainless Steel

Titanium

Others

Metal Forging Product Application Include:

Automotive

Defense and Aerospace

Shipbuilding

Power Industry

Oil and Gas

Construction Machinery

Agriculture

Others

Chapter Scope

Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend

Chapter 2: Global Metal Forging Capacity and Production Analysis

Chapter 3: Global Metal Forging Industry PESTEL Analysis

Chapter 4: Global Metal Forging Industry Porter's Five Forces Analysis

Chapter 5: Global Metal Forging Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis

Chapter 6: Global Metal Forging Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)

Chapter 7: Global Metal Forging Sales, Revenue, Price and Forecast by Product Type

Chapter 8: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)

Chapter 9: Industrial Chain Analysis, Metal Forging Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis

Chapter 10: Research Findings and Conclusion

Chapter 11: Methodology and Data Sources