Global Induction Forging Services Market Growth (Status and Outlook) 2025-2031
Description
According to this study, the global Induction Forging Services market size will reach US$ 3279 million by 2031.
Induction forging services leverage induction heating technology to preheat materials before forging, combining precise temperature control with efficient energy use. This method is widely used in manufacturing high-strength components for industries like automotive, aerospace, and energy.
Induction forging is a metalworking process where a workpiece (e.g., billet, bar) is heated using **electromagnetic induction** before being shaped by compressive forces (e.g., in a press or die). The induction heating system generates eddy currents in the metal, causing it to heat rapidly and uniformly, which improves formability and reduces energy waste compared to traditional furnace heating.
Induction forging services offer a blend of speed, precision, and energy efficiency, making them essential for modern manufacturing of high-performance components. By leveraging electromagnetic induction, these services enable tighter control over material properties, reduce waste, and support the production of complex parts for industries demanding reliability and consistency. Whether for mass-produced automotive parts or specialized aerospace components, induction forging continues to advance as a versatile and sustainable metalworking solution.
United States market for Induction 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 Induction 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 Induction 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 Induction Forging Services players cover GH Induction, Inductotherm Group, Topgrid, Ajax Tocco Magnethermic, Ambrell Corporation, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LPI (LP Information)' newest research report, the “Induction Forging Services Industry Forecast” looks at past sales and reviews total world Induction Forging Services sales in 2024, providing a comprehensive analysis by region and market sector of projected Induction Forging Services sales for 2025 through 2031. With Induction Forging Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Induction Forging Services industry.
This Insight Report provides a comprehensive analysis of the global Induction 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 Induction Forging Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Induction Forging Services market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Induction 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 Induction Forging Services.
This report presents a comprehensive overview, market shares, and growth opportunities of Induction Forging Services market by product type, application, key players and key regions and countries.
Segmentation by Type:
Full-Length Induction Forging
Localized Induction Forging
Segmentation by Application:
Automotive
Aerospace and Defense
Energy and Industrial
Consumer and Electronics
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.
GH Induction
Inductotherm Group
Topgrid
Ajax Tocco Magnethermic
Ambrell Corporation
UltraFlex Power Technologies
Himile Precision Technology
Enrx
Heating Induction Services Inc.
TRUMPF
Please note: The report will take approximately 2 business days to prepare and deliver.
Induction forging services leverage induction heating technology to preheat materials before forging, combining precise temperature control with efficient energy use. This method is widely used in manufacturing high-strength components for industries like automotive, aerospace, and energy.
Induction forging is a metalworking process where a workpiece (e.g., billet, bar) is heated using **electromagnetic induction** before being shaped by compressive forces (e.g., in a press or die). The induction heating system generates eddy currents in the metal, causing it to heat rapidly and uniformly, which improves formability and reduces energy waste compared to traditional furnace heating.
Induction forging services offer a blend of speed, precision, and energy efficiency, making them essential for modern manufacturing of high-performance components. By leveraging electromagnetic induction, these services enable tighter control over material properties, reduce waste, and support the production of complex parts for industries demanding reliability and consistency. Whether for mass-produced automotive parts or specialized aerospace components, induction forging continues to advance as a versatile and sustainable metalworking solution.
United States market for Induction 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 Induction 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 Induction 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 Induction Forging Services players cover GH Induction, Inductotherm Group, Topgrid, Ajax Tocco Magnethermic, Ambrell Corporation, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LPI (LP Information)' newest research report, the “Induction Forging Services Industry Forecast” looks at past sales and reviews total world Induction Forging Services sales in 2024, providing a comprehensive analysis by region and market sector of projected Induction Forging Services sales for 2025 through 2031. With Induction Forging Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Induction Forging Services industry.
This Insight Report provides a comprehensive analysis of the global Induction 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 Induction Forging Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Induction Forging Services market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Induction 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 Induction Forging Services.
This report presents a comprehensive overview, market shares, and growth opportunities of Induction Forging Services market by product type, application, key players and key regions and countries.
Segmentation by Type:
Full-Length Induction Forging
Localized Induction Forging
Segmentation by Application:
Automotive
Aerospace and Defense
Energy and Industrial
Consumer and Electronics
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.
GH Induction
Inductotherm Group
Topgrid
Ajax Tocco Magnethermic
Ambrell Corporation
UltraFlex Power Technologies
Himile Precision Technology
Enrx
Heating Induction Services Inc.
TRUMPF
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
92 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Induction Forging Services Market Size by Player
- 4 Induction Forging Services by Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Global Induction Forging Services Market Forecast
- 11 Key Players Analysis
- 12 Research Findings and Conclusion
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