PUBLISHER: The Business Research Company | PRODUCT CODE: 1668346
PUBLISHER: The Business Research Company | PRODUCT CODE: 1668346
Isothermal forging is a metal-forming technique wherein a heated metal billet undergoes forging using a die maintained at a constant temperature throughout the forging process. This method is employed to manufacture intricate components with precise tolerances and elevated strength requirements.
The primary types of raw materials for isothermal forging include carbon steel metal forging, alloy steel metal forging, aluminum metal forging, magnesium metal forging, stainless steel metal forging, titanium metal forging, and others. Carbon steel metal forging refers to the process of shaping and molding carbon steel into various forms using compressive forces such as hammering, pressing, or rolling. These processes incorporate conduction heating and induction heating and find applications across diverse industries such as aerospace and defense, agriculture equipment, automotive, construction and mining equipment and components, electrical and electronic, energy and power, industrial and manufacturing, marine and rail, as well as oil and gas.
The isothermal forging market research report is one of a series of new reports from The Business Research Company that provides isothermal forging market statistics, including isothermal forging industry global market size, regional shares, competitors with a isothermal forging market share, detailed isothermal forging market segments, market trends and opportunities, and any further data you may need to thrive in the isothermal forging industry. This isothermal forging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The isothermal forging market size has grown strongly in recent years. It will grow from$9.02 billion in 2024 to $9.57 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to increased demand in automotive sector, material advancements, cost efficiency, consumer electronics, energy sector requirements, environmental considerations
The isothermal forging market size is expected to see strong growth in the next few years. It will grow to $12.47 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to expanded material options, automotive lightweighting, medical implants, aerospace industry growth, green manufacturing practices. Major trends in the forecast period include sustainability and recycling, advancements in MIM equipment, customization and personalization, quality control and certification, 3d printing integration.
The rising demand for automobiles is projected to boost the growth of the isothermal forging market in the future. Automobiles are land-based, self-propelled vehicles designed for passenger or commercial use, typically featuring four or more wheels and powered by combustion engines. Isothermal forging is a crucial process in the automotive industry for manufacturing high-performance, intricately shaped components that require strength, durability, and precision. As the demand for automobiles increases, it will consequently drive the expansion of the isothermal forging market. For instance, in March 2024, the European Automobile Manufacturers Association, a Belgium-based organization representing leading automobile manufacturers, reported that the EU car market grew significantly in 2023, with a 13.9% increase compared to 2022, reaching a total volume of 10.5 million units. Therefore, the growing demand for automobiles is propelling the growth of the isothermal forging market.
The growth of the oil and gas industry is expected to drive the expansion of the isothermal forging market. This industry includes the exploration, extraction, refining, and distribution of petroleum and natural gas resources. Isothermal forging is utilized within the oil and gas sector for manufacturing critical components like valves and connectors, as it produces parts with exceptional mechanical properties and precise dimensional accuracy, ensuring high performance and reliability in extreme operating environments. For example, in September 2024, His Majesty's Revenue and Customs, the UK-based tax, payments, and customs authority, reported that total government revenues from UK oil and gas production reached $11.70 billion for the financial year 2022 to 2023, a significant increase from $1.82 billion in 2021 to 2022, reflecting a rise of $9.88 billion. Thus, the expanding oil and gas industry is likely to contribute to the growth of the isothermal forging market.
Key players in the isothermal forging market are increasingly investing in the development of advanced technologies, such as isothermal forging modules, to boost production efficiency, improve the mechanical properties of forged components, and satisfy the stringent performance standards of sectors like aerospace and automotive. Isothermal forging modules are specialized manufacturing systems engineered to maintain a uniform temperature throughout the forging process, which optimizes material properties and enhances the performance of the finished components. For example, in April 2024, ALD, a fleet management and operational car leasing company based in France, was chosen by Safran to provide an isothermal forging system. This state-of-the-art system is designed to enhance the forging process, enabling the production of complex geometries with superior mechanical properties. By leveraging isothermal forging, ALD's system improves the material characteristics of components, leading to greater strength and durability, which are essential for high-demand applications in the aerospace industry.
Key players in the isothermal forging market are dedicated to enhancing their product capabilities to meet growing demand and improve product quality. Product capabilities in isothermal forging refer to the range of features, functionalities, and performance attributes possessed by tools or machinery used to shape metal under specific temperature conditions, ensuring precise and high-quality production of forged components. For instance, in February 2022, POSCO Group, a South Korea-based steel manufacturing company, secured its third order from Schuler and is set to receive a 1,600-ton machine for the processing center, POSCO-CSPC China.
In April 2023, Airbus, a France-based aviation and aerospace component manufacturing company, joined forces with Safran and Tikehau Capital to acquire Aubert & Duval for an undisclosed amount. This acquisition marks a significant milestone in the development of a major European leader in vital components and materials, poised to compete globally, support the aerospace and defense sectors, and reduce international supply risks. Aubert & Duval, a France-based provider of essential components and forged materials, adds strategic value to the collaborative effort.
Major companies operating in the isothermal forging market include Anchor-Harvey Components LLC, Arconic Corp., ATI Forged Inc., Bharat Forge Ltd., CFS Forge, H C Starck Solutions Services Inc., Larsen & Toubro Ltd., Schuler Group, Trenton Forging Company, Pratt & Whitney, Alcoa Corporation, ALD Vacuum Technologies Pvt. Ltd., SMT Limited, Precision Castparts Corp., Leistritz Turbinentechnik GmbH, 3A Composites, Sundaram Fasteners Ltd., Kalyani Forge Limited, Aubert and Duval Pvt. Ltd., Bharat Dynamics Limited, Bharat Electronics Limited, Bharat Earth Movers Limited, Bharat Petroleum Corporation Limited, Amtek Auto Limited, Tata Steel Limited, Nanshan Forge Company, Bharat Heavy Electricals Limited, Formosa Plastics Group, Howmet Aerospace Inc., Aalco metals Ltd.
Asia-Pacific was the largest region in the isothermal forging market in 2024. The regions covered in the isothermal forging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the isothermal forging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The isothermal forging market consists of revenues earned by entities by providing near-isothermal or hot die forging, multiaxial isothermal, plus pack rolling, superplastic forming as well as diffusion bonding processes. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Isothermal Forging Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on isothermal forging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for isothermal forging ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The isothermal forging market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.