Metal Forging Market Size, Share, and Trends 2025 to 2034

The global metal forging market size is claculated at USD 102.34 billion in 2025 to approximately USD 199.69 billion by 2034. It is projected to grow at a CAGR of 7.71% from 2025 to 2034. The Asia Pacific metal forging market size accounted for USD 53.22 billion in 2025 and is expanding at a CAGR of 7.81% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

Last Updated : May 2025  |  Report Code : 4933  |  Category : Chemical and Material  |  Format : PDF / PPT / Excel

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Metal Forging Market 

5.1. COVID-19 Landscape: Metal Forging Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Metal Forging Market, By Raw Material

8.1. Metal Forging Market Revenue and Volume, By Raw Material

8.1.1 Carbon Steel

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Alloy Steel

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Aluminum

8.1.3.1. Market Revenue and Volume Forecast

8.1.4. Magnesium

8.1.4.1. Market Revenue and Volume Forecast

8.1.5. Stainless Steel

8.1.5.1. Market Revenue and Volume Forecast

8.1.5. Titanium

8.1.5.1. Market Revenue and Volume Forecast

8.1.5. Others

8.1.5.1. Market Revenue and Volume Forecast

Chapter 9. Global Metal Forging Market, By Application

9.1. Metal Forging Market Revenue and Volume, By Application

9.1.1. Automotive

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Transportation

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. Aerospace

9.1.3.1. Market Revenue and Volume Forecast

9.1.4. Oil & Gas

9.1.4.1. Market Revenue and Volume Forecast

9.1.5. Construction

9.1.5.1. Market Revenue and Volume Forecast

9.1.6. Agriculture

9.1.6.1. Market Revenue and Volume Forecast

9.1.7. Power Generation

9.1.7.1. Market Revenue and Volume Forecast

9.1.8. Marine

9.1.8.1. Market Revenue and Volume Forecast

9.1.9. Others

9.1.9.1. Market Revenue and Volume Forecast

Chapter 10. Global Metal Forging Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, By Raw Material

10.1.2. Market Revenue and Volume Forecast, By Application

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, By Raw Material

10.1.3.2. Market Revenue and Volume Forecast, By Application

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, By Raw Material

10.1.4.2. Market Revenue and Volume Forecast, By Application

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, By Raw Material

10.2.2. Market Revenue and Volume Forecast, By Application

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, By Raw Material

10.2.3.2. Market Revenue and Volume Forecast, By Application

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, By Raw Material

10.2.4.2. Market Revenue and Volume Forecast, By Application

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, By Raw Material

10.2.5.2. Market Revenue and Volume Forecast, By Application

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, By Raw Material

10.2.6.2. Market Revenue and Volume Forecast, By Application

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, By Raw Material

10.3.2. Market Revenue and Volume Forecast, By Application

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, By Raw Material

10.3.3.2. Market Revenue and Volume Forecast, By Application

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, By Raw Material

10.3.4.2. Market Revenue and Volume Forecast, By Application

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, By Raw Material

10.3.5.2. Market Revenue and Volume Forecast, By Application

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, By Raw Material

10.3.6.2. Market Revenue and Volume Forecast, By Application

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, By Raw Material

10.4.2. Market Revenue and Volume Forecast, By Application

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, By Raw Material

10.4.3.2. Market Revenue and Volume Forecast, By Application

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, By Raw Material

10.4.4.2. Market Revenue and Volume Forecast, By Application

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, By Raw Material

10.4.5.2. Market Revenue and Volume Forecast, By Application

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, By Raw Material

10.4.6.2. Market Revenue and Volume Forecast, By Application

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, By Raw Material

10.5.2. Market Revenue and Volume Forecast, By Application

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, By Raw Material

10.5.3.2. Market Revenue and Volume Forecast, By Application

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, By Raw Material

10.5.4.2. Market Revenue and Volume Forecast, By Application

Chapter 11. Company Profiles

11.1. Ironic

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. ATI

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Bharat Forge Ltd.

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Bruck GmbH

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. China First Heavy Machinery Co., Ltd.

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. ELLWOOD Group, Inc.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Jiangyin Hengrun Heavy Industries Co., Ltd.

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Nippon Steel Corp.

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Precision Castparts Corp.

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Larsen & Toubro Ltd.

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Frequently Asked Questions

The global metal forging market size is expected to increase USD 199.69 billion by 2034 from USD 95.02 billion in 2024.

The metal forging market is anticipated to grow at a CAGR of over 7.71% between 2025 and 2034.

The major players operating in the metal forging market are Ironic, ATI, Bharat Forge Ltd., Bruck GmbH, China First Heavy Machinery Co., Ltd., ELLWOOD Group, Inc., Jiangyin Hengrun Heavy Industries Co., Ltd., Nippon Steel Corp., Precision Castparts Corp., Larsen & Toubro Ltd., and Others.

The driving factors of the metal forging market are the growing demand for both passenger and commercial vehicles and rise in energy sectors such as oil & gas refineries.

Asia Pacific region will lead the global metal forging market during the forecast period 2025 to 2034.

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