Global Closed Die Forging Services Market Growth (Status and Outlook) 2025-2031
Description
According to this study, the global Closed Die Forging Services market size will reach US$ 7468 million by 2031.
Closed die forging, also known as impression die forging, is one of the forging types for small or medium metal components. Close die forging is a plastic deformation process where, unlike in the open die forging process, the material is forced to flow in a closed shape called die. Compared to the open die forging, the close die forging (said also hot drop forging) can achieve more complex geometries, very much close to the dimensions of the finished component. The plastic deformation is given rapidly through some shots which force the material to fill the shape of the die. The process is performed at the plastic temperature of the material in use without intermediate re-heatings.
A key step in closed die forging is the design and the production of the dies, process which is part of the know-how of the manufacturer. Most common used forging dies material are tool steels. For the high material cost and machining cost, cost of forging dies are always much higher, but it is one time cost, will not be charged from our customers for next batch production. Unlike the open die forging, suitable to manufacture also individual parts, the close die forging is used to manufacture series production as this is particularly convenient to absorb the costs the dies. The close die forged product shows several advantages like the typical flow lines of the material along the profile of the component, beneficial particularly on mechanical components put in service under cyclic fatigue. This process allows furthermore to use reduced over-dimensions, feature which allows cost savings on input weights as well as on final machining due to less material to remove. The close die forging process is typically used for critical components, in our case on railway, petrochemical, electrical, lifting and safety system, industrial and agricultural machinery sectors.
United States market for Closed Die Forging Services is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Closed Die Forging Services is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Closed Die Forging Services is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Closed Die Forging Services players cover Topgrid, Bunty LLC, CFS Forge, E.J. Hadaway, Zetwerk, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LPI (LP Information)' newest research report, the “Closed Die Forging Services Industry Forecast” looks at past sales and reviews total world Closed Die Forging Services sales in 2024, providing a comprehensive analysis by region and market sector of projected Closed Die Forging Services sales for 2025 through 2031. With Closed Die Forging Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Closed Die Forging Services industry.
This Insight Report provides a comprehensive analysis of the global Closed Die Forging Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Closed Die Forging Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Closed Die Forging Services market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Closed Die Forging Services and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Closed Die Forging Services.
This report presents a comprehensive overview, market shares, and growth opportunities of Closed Die Forging Services market by product type, application, key players and key regions and countries.
Segmentation by Type:
Steel and Alloy Forging
Non-Ferrous Metal Forging
Specialty Material Forging
Segmentation by Application:
Automotive
Aerospace
Industrial Machinery
Oil and Gas Industry
Power Generation
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Topgrid
Bunty LLC
CFS Forge
E.J. Hadaway
Zetwerk
Frigate Engineering
Ferralloy, Inc.
Align Manufacturing
Forge LT
Walker Forge
Compass & Anvil Sales and Engineering Inc.
DEECO Metals
Canton Drop Forge
Schuler-Pressen
Please note: The report will take approximately 2 business days to prepare and deliver.
Closed die forging, also known as impression die forging, is one of the forging types for small or medium metal components. Close die forging is a plastic deformation process where, unlike in the open die forging process, the material is forced to flow in a closed shape called die. Compared to the open die forging, the close die forging (said also hot drop forging) can achieve more complex geometries, very much close to the dimensions of the finished component. The plastic deformation is given rapidly through some shots which force the material to fill the shape of the die. The process is performed at the plastic temperature of the material in use without intermediate re-heatings.
A key step in closed die forging is the design and the production of the dies, process which is part of the know-how of the manufacturer. Most common used forging dies material are tool steels. For the high material cost and machining cost, cost of forging dies are always much higher, but it is one time cost, will not be charged from our customers for next batch production. Unlike the open die forging, suitable to manufacture also individual parts, the close die forging is used to manufacture series production as this is particularly convenient to absorb the costs the dies. The close die forged product shows several advantages like the typical flow lines of the material along the profile of the component, beneficial particularly on mechanical components put in service under cyclic fatigue. This process allows furthermore to use reduced over-dimensions, feature which allows cost savings on input weights as well as on final machining due to less material to remove. The close die forging process is typically used for critical components, in our case on railway, petrochemical, electrical, lifting and safety system, industrial and agricultural machinery sectors.
United States market for Closed Die Forging Services is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Closed Die Forging Services is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Closed Die Forging Services is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Closed Die Forging Services players cover Topgrid, Bunty LLC, CFS Forge, E.J. Hadaway, Zetwerk, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LPI (LP Information)' newest research report, the “Closed Die Forging Services Industry Forecast” looks at past sales and reviews total world Closed Die Forging Services sales in 2024, providing a comprehensive analysis by region and market sector of projected Closed Die Forging Services sales for 2025 through 2031. With Closed Die Forging Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Closed Die Forging Services industry.
This Insight Report provides a comprehensive analysis of the global Closed Die Forging Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Closed Die Forging Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Closed Die Forging Services market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Closed Die Forging Services and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Closed Die Forging Services.
This report presents a comprehensive overview, market shares, and growth opportunities of Closed Die Forging Services market by product type, application, key players and key regions and countries.
Segmentation by Type:
Steel and Alloy Forging
Non-Ferrous Metal Forging
Specialty Material Forging
Segmentation by Application:
Automotive
Aerospace
Industrial Machinery
Oil and Gas Industry
Power Generation
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Topgrid
Bunty LLC
CFS Forge
E.J. Hadaway
Zetwerk
Frigate Engineering
Ferralloy, Inc.
Align Manufacturing
Forge LT
Walker Forge
Compass & Anvil Sales and Engineering Inc.
DEECO Metals
Canton Drop Forge
Schuler-Pressen
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
110 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Closed Die Forging Services Market Size by Player
- 4 Closed Die Forging Services by Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Global Closed Die Forging Services Market Forecast
- 11 Key Players Analysis
- 12 Research Findings and Conclusion
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