Metal Forging Market By Raw Material, By Technique, By Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

According to a new report published by Allied Market Research, titled, "Metal Forging Market," The metal forging market was valued at $83.4 billion in 2022, and is estimated to reach $168 billion by 2032, growing at a CAGR of 7.2% from 2023 to 2032.Metal forging is the technique of shaping metal by the application of compressive force. If its is done at room temperature, it is termed as cold forging, and if done at elevated temperature, it is termed as warm or hot forging. The compressive force helps the grains of metal to align properly to achieve greater strength. Therefore forging process is suited for forming metal components for demanding and crucial applications in sectors such as automotive, aircraft, railroads, marine, and industrial machinery.

Metal forging is a widely adopted process used for making various components for automotive, aerospace & defense, industrial machinery, and other industries. Thus, growth in these sectors is anticipated to drive the market demand. For instance, in April 2023, Boing, a major aircraft manufacturer announced that it is ramping up the production of its 737 Max aircraft. In addition, rise in industrialization in developing nations drives up the demand for industrial machinery, which is anticipated to require large volumes of forged metal components in the coming years.

However, the limitations of the metal forging process for producing complicated shaped products and various other limitations restrain the market growth.

Furthermore, due to COVID-19, the metal forging market witnessed a halt, which led to a small-term decline in the market. However, as the number of COVID-19 cases dropped to a significant number, the market has fully recovered.

Contrarily, the development of technologically advanced and automated metal forging machines is anticipated to provide lucrative growth opportunities to the key players in the market.

The metal forging market is segmented on the basis of raw material, technique, application, and region. By raw material, the market is categorized into carbon steel, aluminum, stainless steel, and others. Depending on technique, the market is classified into open die forging, closed die forging, and ring forging. On the basis of application, it is divided into automotive, aerospace & defense, railway, industrial machinery, and others. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Competition Analysis

Competitive analysis and profiles of the major players in the metal forging market is provided in the report. Major companies included in the report include, ATI Inc., American Axle & Manufacturing Holdings, Inc., Bruck GmbH, ELLWOOD Group, Inc., Berkshire Hathaway Inc. (Precision Castparts Corp.), ASAHI FORGE CORPORATION, Trenton Forging, NIPPON STEEL CORPORATION, Bharat Forge Limited, and Canada Forgings Inc. Moreover, acquisition has been a key development strategy adopted by the key players to increase their market share.

Key benefits for stakeholders

The report provides an extensive analysis of the current and emerging metal forging market trends and dynamics.
In-depth market analysis is conducted by constructing market estimations for the key market segments between 2022 and 2032.
Extensive analysis of the metal forging market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
The global metal forging market forecast analysis from 2023 to 2032 is included in the report.
Key market players within the metal forging market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the metal forging industry.

Key Market Segments

By Raw Material

Carbon Steel
Aluminum
Stainless Steel
Others

By Technique

Open Die Forging
Closed Die Forging
Ring Forging

By Application

Automotive
Aerospace and Defense
Railway
Industrial Machinery
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

American Axle & Manufacturing Holdings, Inc.
ASAHI FORGE CORPORATION
ATI Inc.
Berkshire Hathaway Inc. (Precision Castparts Corp.)
Bharat Forge Limited
Bruck GmbH
Canada Forgings Inc.
ELLWOOD Group, Inc.
NIPPON STEEL CORPORATION
Trenton Forging

Product Code: A74841

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Growth in the Automotive and Aerospace Industry
  - 3.4.1.2. Growth in the energy sector
  - 3.4.1.3. Growth in Industrialization

3.4.2. Restraints
- 3.4.2.1. Limitations of metal forging

3.4.3. Opportunities
- 3.4.3.1. Adoption of industry 4.0 technology

3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: METAL FORGING MARKET, BY RAW MATERIAL

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Carbon Steel
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Aluminum
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Stainless Steel
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
4.5. Others
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country

CHAPTER 5: METAL FORGING MARKET, BY TECHNIQUE

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Open Die Forging
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Closed Die Forging
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Ring Forging
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country

CHAPTER 6: METAL FORGING MARKET, BY APPLICATION

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Automotive
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Aerospace and Defense
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Railway
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
6.5. Industrial Machinery
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
6.6. Others
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country

CHAPTER 7: METAL FORGING MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Raw Material
- 7.2.3. Market size and forecast, by Technique
- 7.2.4. Market size and forecast, by Application
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Key market trends, growth factors and opportunities
  - 7.2.5.1.2. Market size and forecast, by Raw Material
  - 7.2.5.1.3. Market size and forecast, by Technique
  - 7.2.5.1.4. Market size and forecast, by Application
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Key market trends, growth factors and opportunities
  - 7.2.5.2.2. Market size and forecast, by Raw Material
  - 7.2.5.2.3. Market size and forecast, by Technique
  - 7.2.5.2.4. Market size and forecast, by Application
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Key market trends, growth factors and opportunities
  - 7.2.5.3.2. Market size and forecast, by Raw Material
  - 7.2.5.3.3. Market size and forecast, by Technique
  - 7.2.5.3.4. Market size and forecast, by Application
7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Raw Material
- 7.3.3. Market size and forecast, by Technique
- 7.3.4. Market size and forecast, by Application
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. Germany
  - 7.3.5.1.1. Key market trends, growth factors and opportunities
  - 7.3.5.1.2. Market size and forecast, by Raw Material
  - 7.3.5.1.3. Market size and forecast, by Technique
  - 7.3.5.1.4. Market size and forecast, by Application
  - 7.3.5.2. France
  - 7.3.5.2.1. Key market trends, growth factors and opportunities
  - 7.3.5.2.2. Market size and forecast, by Raw Material
  - 7.3.5.2.3. Market size and forecast, by Technique
  - 7.3.5.2.4. Market size and forecast, by Application
  - 7.3.5.3. UK
  - 7.3.5.3.1. Key market trends, growth factors and opportunities
  - 7.3.5.3.2. Market size and forecast, by Raw Material
  - 7.3.5.3.3. Market size and forecast, by Technique
  - 7.3.5.3.4. Market size and forecast, by Application
  - 7.3.5.4. Italy
  - 7.3.5.4.1. Key market trends, growth factors and opportunities
  - 7.3.5.4.2. Market size and forecast, by Raw Material
  - 7.3.5.4.3. Market size and forecast, by Technique
  - 7.3.5.4.4. Market size and forecast, by Application
  - 7.3.5.5. Rest of Europe
  - 7.3.5.5.1. Key market trends, growth factors and opportunities
  - 7.3.5.5.2. Market size and forecast, by Raw Material
  - 7.3.5.5.3. Market size and forecast, by Technique
  - 7.3.5.5.4. Market size and forecast, by Application
7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Raw Material
- 7.4.3. Market size and forecast, by Technique
- 7.4.4. Market size and forecast, by Application
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Key market trends, growth factors and opportunities
  - 7.4.5.1.2. Market size and forecast, by Raw Material
  - 7.4.5.1.3. Market size and forecast, by Technique
  - 7.4.5.1.4. Market size and forecast, by Application
  - 7.4.5.2. India
  - 7.4.5.2.1. Key market trends, growth factors and opportunities
  - 7.4.5.2.2. Market size and forecast, by Raw Material
  - 7.4.5.2.3. Market size and forecast, by Technique
  - 7.4.5.2.4. Market size and forecast, by Application
  - 7.4.5.3. Japan
  - 7.4.5.3.1. Key market trends, growth factors and opportunities
  - 7.4.5.3.2. Market size and forecast, by Raw Material
  - 7.4.5.3.3. Market size and forecast, by Technique
  - 7.4.5.3.4. Market size and forecast, by Application
  - 7.4.5.4. South Korea
  - 7.4.5.4.1. Key market trends, growth factors and opportunities
  - 7.4.5.4.2. Market size and forecast, by Raw Material
  - 7.4.5.4.3. Market size and forecast, by Technique
  - 7.4.5.4.4. Market size and forecast, by Application
  - 7.4.5.5. Rest of Asia-Pacific
  - 7.4.5.5.1. Key market trends, growth factors and opportunities
  - 7.4.5.5.2. Market size and forecast, by Raw Material
  - 7.4.5.5.3. Market size and forecast, by Technique
  - 7.4.5.5.4. Market size and forecast, by Application
7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Raw Material
- 7.5.3. Market size and forecast, by Technique
- 7.5.4. Market size and forecast, by Application
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Latin America
  - 7.5.5.1.1. Key market trends, growth factors and opportunities
  - 7.5.5.1.2. Market size and forecast, by Raw Material
  - 7.5.5.1.3. Market size and forecast, by Technique
  - 7.5.5.1.4. Market size and forecast, by Application
  - 7.5.5.2. Middle East
  - 7.5.5.2.1. Key market trends, growth factors and opportunities
  - 7.5.5.2.2. Market size and forecast, by Raw Material
  - 7.5.5.2.3. Market size and forecast, by Technique
  - 7.5.5.2.4. Market size and forecast, by Application
  - 7.5.5.3. Africa
  - 7.5.5.3.1. Key market trends, growth factors and opportunities
  - 7.5.5.3.2. Market size and forecast, by Raw Material
  - 7.5.5.3.3. Market size and forecast, by Technique
  - 7.5.5.3.4. Market size and forecast, by Application

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2022

CHAPTER 9: COMPANY PROFILES

9.1. ATI Inc.
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
9.2. Bharat Forge Limited
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
9.3. Bruck GmbH
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
9.4. ELLWOOD Group, Inc.
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
9.5. NIPPON STEEL CORPORATION
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
9.6. Berkshire Hathaway Inc. (Precision Castparts Corp.)
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
9.7. American Axle & Manufacturing Holdings, Inc.
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
9.8. Canada Forgings Inc.
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
9.9. Trenton Forging
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
9.10. ASAHI FORGE CORPORATION
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio