Metal Forging Market Size, Share, and Outlook, 2025 Report- By Raw Material (Carbon Steel, Alloy Steel, Aluminum, Magnesium, Stainless Steel, Titanium, Others), By Application (Automotive, Transportation, Aerospace, Oil & Gas, Construction, Agriculture, P

Metal Forging Market Outlook

Metal Forging Market Size is forecast to reach $173.9 Billion in 2032 from $104.2 Billion in 2025, at an optimistic growth rate of 7.5% from 2025 to 2032. The robust Metal Forging Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Metal Forging Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Raw Material (Carbon Steel, Alloy Steel, Aluminum, Magnesium, Stainless Steel, Titanium, Others), By Application (Automotive, Transportation, Aerospace, Oil & Gas, Construction, Agriculture, Power Generation, Marine, Others). Over 70 tables and charts showcase findings from our latest survey report on Metal Forging Markets.

Metal Forging Market Insights, 2025: Metal Forging – Key Drivers and Opportunities

The metal forging market is driven by its critical role in manufacturing high-strength, durable, and complex metal parts for various industries, including automotive, aerospace, defense, and heavy machinery. Forging processes, including open-die forging, closed-die forging, and ring rolling, are used to produce components with superior mechanical properties, such as increased toughness, fatigue resistance, and strength. The increasing demand for lightweight and high-performance components, particularly in the automotive and aerospace industries, is one of the primary drivers of the metal forging market. Additionally, the trend toward electrification and energy efficiency in the automotive sector is creating a growing need for forged components that are both lightweight and strong. Key players in the industry, such as Arconic, Thyssenkrupp, and Precision Castparts Corp., are advancing forging technologies to meet these demands while focusing on reducing manufacturing costs and improving the quality of forged products.

Opportunities in the metal forging market are linked to the rising demand for high-performance materials in emerging sectors like electric vehicles (EVs) and renewable energy. The shift toward EVs is creating a need for forged components such as lightweight chassis, motor housings, and battery cases, which require materials that can withstand higher stress and temperature conditions. Furthermore, the aerospace industry's focus on weight reduction and fuel efficiency is driving demand for forged parts that provide strength while reducing overall weight. Innovations in forging technologies, including the use of advanced alloys and automated processes, are improving the precision and efficiency of metal forging operations. The market also presents opportunities in additive manufacturing, where metal forging techniques are being combined with 3D printing to create complex, customized components for niche applications.

Five Trends that will define global Metal Forging Market in 2025 and Beyond

A closer look at the multi-million global market for Metal Forging Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Metal Forging Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Metal Forging Industry?

The Metal Forging Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Metal Forging Market Segment Insights

The Metal Forging Industry presents strong offers across categories. The analytical report offers forecasts of Metal Forging Industry performance across segments and countries. Key segments in the industry include- By Raw Material (Carbon Steel, Alloy Steel, Aluminum, Magnesium, Stainless Steel, Titanium, Others), By Application (Automotive, Transportation, Aerospace, Oil & Gas, Construction, Agriculture, Power Generation, Marine, Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Metal Forging Market size outlook is provided for 22 countries across these regions.

Metal Forging Industry Value Chain

The chapter identifies potential companies and their operations across the global Metal Forging Industry ecosystem. It assists decision-makers in evaluating global Metal Forging Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Metal Forging Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Metal Forging Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Metal Forging Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Metal Forging Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Metal Forging Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Metal Forging Market Insights- Executives are most excited about opportunities for the US Metal Forging Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Metal Forging Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Metal Forging Market.

Latin American Metal Forging Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Metal Forging Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Metal Forging Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Metal Forging Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Metal Forging Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include Aronic, ATI, Bharat Forge Ltd, Bruck GmbH, China First Heavy Machinery Co. Ltd, ELLWOOD Group Inc, Jiangyin Hengrun Heavy Industries Co. Ltd, Larsen & Toubro Ltd, Nippon Steel Corp, Precision Castparts Corp.

Metal Forging Market Scope and Segmentation

By Raw Material

Carbon Steel

Alloy Steel

Aluminum

Magnesium

Stainless Steel

Titanium

Others

By Application

Automotive

Transportation

Aerospace

Oil & Gas

Construction

Agriculture

Power Generation

Marine

Others

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Metal Forging Market Research-

Aronic

ATI

Bharat Forge Ltd

Bruck GmbH

China First Heavy Machinery Co. Ltd

ELLWOOD Group Inc

Jiangyin Hengrun Heavy Industries Co. Ltd

Larsen & Toubro Ltd

Nippon Steel Corp

Precision Castparts Corp

Reasons to Buy the report

• Make informed decisions through long and short-term forecasts across 22 countries and segments.
• Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
• Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
• Get an integrated understanding of the entire market ecosystem and companies.
• Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
• Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
• Get free Excel spreadsheet and PPT versions along with the report PDF.