Metal Forging Market
Metal Forging Market Analysis by Carbon Steel, Alloy Steel, Aluminum, Magnesium, Stainless Steel, and Titanium for Automotive, Aerospace, Oil & Gas, Construction, and Agriculture from 2023 to 2033
Analysis of Metal Forging Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Metal Forging Market Outlook (2023 to 2033)
According to a detailed industry analysis by Fact.MR, in 2023, the global metal forging market stands at US$ 103.8 billion and is predicted to reach US$ 208 billion by 2033. Worldwide demand for metal forging solutions is forecasted to rise at a CAGR of 7.2% from 2023 to 2033.
Metal is shaped utilizing localized compressive stresses during the forging process. Forging can be categorized as hot, warm, or cold, depending on its temperature. Because forging dies do not distort the workpiece material, the mechanical characteristics and value of forged items are higher than those produced by other manufacturing techniques such as casting or extrusion. Metal can be forged or stamped by striking it against a die.
The need for strong and durable forged components is increasing due to a rise in the production of electric cars. An increase in air travelers throughout the world is a major factor in the need for metal-forged components from the aerospace sector, which is boosting aircraft manufacturing and fostering market expansion. Growing investments in the modernization of power generation and renewable energy are driving demand for metal-forged components.
- Carbon steel outperforms all other metallic materials such as alloy steel, aluminum, magnesium, stainless steel, titanium, and others used in the forging process. Demand for carbon steel metal forging techniques is projected to surge at a CAGR of 8.4% over the decade.
- Carbon steel is the more preferred raw material due to its low cost and widespread availability. In addition, the raw material provides end products with increased ductility and strong impact strength.
Rapid growth in new ship deliveries is boosting the need for lightweight materials for shipbuilding applications. This is projected to fuel market expansion over the coming years.
Use of forged components is anticipated to increase as people become more concerned about climate change and as governments invest more in renewable energy sources. Key market players are concentrating on innovations that will lead to profitable growth for the metal forging industry as a consequence of growing demand from end-use industries for customized products and equipment.
The market for metal forging is expanding as a result of an increase in the use of metal forging in a variety of production processes for gears, hardware, and other components. The aviation sector is anticipated to see rapid growth over the coming years as a result of the rising demand for forged components due to their high strength.
| Report Attributes | Details |
|---|---|
| Metal Forging Market Size (2023) | US$ 103.8 Billion |
| Forecasted Market Value (2033) | US$ 208 Billion |
| Global Market Growth Rate (2023 to 2033) | 7.2% CAGR |
| Market Share of Automotive Applications (2023) | 52% |
| United States Market Growth Rate (2023 to 2033) | 7.4% CAGR |
| Japan Market Value (2023) | US$ 9.24 Billion |
| China Market Growth Rate (2023 to 2033) | 7.3% CAGR |
| India Market Value (2023) | US$ 7.16 Billion |
| Key Companies Profiled | Arconic Corp.; Nippon Steel Corp.; Precision Castparts Corp.; Scot Forge; Ellwood Group, Inc.; Brück GmbH; China First Heavy Industries; Japan Casting & Forging Corp.; Jiangyin Hengrun Heavy Industries Co. Ltd.; Kovárna Viva; Larsen & Toubro Ltd.; Bharat Forge Ltd.; ThyssenKrupp Group |
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Why are Several End-use Industries Resorting to Metal Forging Techniques?
“Rapidly Increasing Production of Metal Components with Improved Uniformity”
Recent inventions and the surging use of technology, such as sensors, have significantly increased the need for metal forging processes. Compared to other methods of producing metal, metal forging has many advantages, including superior performance, maximum strength, favorable metallurgical properties, and enhanced internal integrity.
Growing usage of pre-assembled products and ready-to-fit components is boosting market growth. Forgers can employ advanced processing tools and control systems to quickly produce metal components with improved uniformity and extremely close dimensional tolerances to meet customer delivery deadlines.
It is anticipated that rapid innovations in metal forging techniques will provide profitable growth prospects for market participants. Many businesses engaged in metal forging have embraced advanced technology such as Industry 4.0 technology. Internet of Things (IoT), Artificial Intelligence (AI), cloud connection, automation, a better operator interface, and other characteristics are used in Industry 4.0 technology, which increases the efficiency of the metal forging sector.
“Increasing Need for High-strength Forged Components in Aviation Sector”
The aircraft manufacturing industry prefers large aluminum alloy forging because of its durability, low weight, and high level of dependability. The frames for airplane fuselages and the rings for rocket walls are made using high-temperature, high-pressure metal forging. Titanium alloy forging is most commonly utilized in the aerospace industry
Metal forging procedures are used in aircraft to make pieces for the wings, pylons, major mounting elements in the wing box, and engine discs. The need for airplanes is rising throughout various regions. Given their benefits, forged metals are likely to have a wide range of potential applications in the aerospace sector. As a result, the growing aviation sector will encourage the metal forging business.
What are the Key Challenges to Metal Forging Industry Expansion?
“Availability of Substitute Methods and High Initial Costs”
It is projected that over the next ten years, the metal forging market would experience growth restraints due to process restrictions. Forging processes, make it challenging to produce components with proper surface finishes and complicated shapes.
The forging process is estimated to be limited due to the growing demand for alternative metal-forming techniques such as casting. High initial costs are anticipated to impede market expansion.
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How Can New Companies Make a Mark in This Industry?
“Integrating Advanced Technologies to Offer High-quality Products”
New companies are investing heavily in R&D to expand their product offerings. Aspiring market players are implementing advanced technologies to offer high-quality and affordable products.
- A start-up based in the United States, Sortera Alloys, Inc., offers low-cost, high-quality metal alloys for domestic production using its unique artificial intelligence technology. Metal alloys are extremely accurately sorted by Sortera's highly automated sorting facilities at a significantly reduced cost, making them important feedstock for domestic manufacturing.
Country-wise Insights
Will the United States Be a Lucrative Space for Key Market Players?
“Surging Deployment of Metal Forging Techniques in Power Generation Sector”
- Use of metal forging methods in the United States is predicted to reach US$ 40.15 billion by 2033.
The United States is a key user of forged components because of the high demand from several end-use sectors. A key factor fueling market revenue is increasing end-user awareness of metal forging's capacity to impart high strength to produced items and components.
Use of metal forging techniques is being driven by rising demand from the power generation sector. An increase in automotive production and expanding industrial activities are supporting market growth in the country.
Increased demand for customized forgings from a variety of industries is responsible for market growth. Additionally, rising demand for rolled rings forging from the aerospace sector is boosting market value.
How is the Metal Forging Industry Faring in Germany?
“Rapid Expansion of Construction Sector in the Country”
- The metal forging market in Germany is set to increase at a CAGR of 7.6% over the next ten years.
Market growth in Germany is attributed to due to the long-established aircraft manufacturing industry as well as the presence of major automakers and automobile component manufacturers. The market is driven by the expanding usage of forged metal components in the production of high-pressure valves, flanges, valve bodies, and fittings for the automobile sector.
High government spending to guarantee sustainable and safe building operations is driving market revenue growth in Germany. Increased customer demand for high-end and luxury vehicles and the expanding construction sector are assisting market expansion.
Why is the Metal Forging Technique Growing Rapidly in China?
“Increase in Government Regulations to Encourage Use of Electric Vehicles”
- The market in China is valued at US$ 26.47 billion in 2023.
A host of infrastructure projects aimed at enhancing transportation across the country have been planned. This is predicted to provide massive traction to the domestic automotive industry during the forecast period.
Prospects are especially bright for electric vehicles, all of which will impel metal forging demand over the coming years. The demand for lightweight forged steel components from the automotive sector has also increased as a result of government regulations that are supportive of the development and usage of electric vehicles.
The main forces behind market revenue growth are rising technological innovations in the automotive industry and increased demand for stainless steel in the aircraft industry. Due to its resistance to changes in both physical and chemical properties, stainless steel is widely used in the aviation sector. Additionally, stainless steel products are readily recyclable, enabling manufacturers to significantly lower overall costs.
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Competitive landscape highlights only certain players
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Category-wise Insights
Which Application is Leading in Terms of Revenue Generation?
“Automotive Components and Parts Made via Forging More Durable”
The market is classified into automotive, aerospace, oil & gas, construction, agriculture, and others based on the application.
- The automotive industry accounts for 52% share of the global market in 2023.
Market growth is primarily driven by the expanding use of metal forging in the construction of automotive structures and components. Metal forging techniques are used to make automotive components because they can significantly increase the value of products.
Automotive components and parts made via forging are more durable than those made by casting or machining. Furthermore, forged parts require little or no machining, which saves time and money. Rising investments in the automotive sector are projected to boost product demand over the coming years.
Closed-dye steel forging is mostly used in the manufacture of vehicle components. Demand for isothermal forging techniques in the automotive industry is boosting market expansion.
Competitive Landscape
Leading companies are extending their production capabilities to assure optimal quality and serve a larger client base. They are focusing on new developments, product standards, quality control, and supply chain management to expand their geographical presence.
For example :
- In 2018, American Axle & Manufacturing, Inc. stated that it will open a new manufacturing unit in Barcelona to service European markets,
- In 2018, MM Forgings announced a US$ 93.6 million investment to expand the manufacturing of various grades of steel forgings to fulfil demand from the automobile industry.
Key Segments of Metal Forging Industry Research
-
By Raw Material :
- Carbon Steel
- Alloy Steel
- Aluminum
- Magnesium
- Stainless Steel
- Titanium
- Others
-
By Application :
- Automotive
- Aerospace
- Oil & Gas
- Construction
- Agriculture
- Others
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Global Market - Executive Summary
- 2. Global Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Size (US$ Mn) & Volume (Kilo Tons) and Forecast, 2018 to 2033
- 7. Global Pricing Point Analysis
- 8. Global Market Value & Volume Analysis and Forecast 2018 to 2033
- 8.1. Global Market Value & Volume Analysis 2018 to 2022 and Forecast 2023 to 2033, by Raw Material
- 8.1.1. Carbon Steel
- 8.1.2. Alloy Steel
- 8.1.3. Aluminum
- 8.1.4. Magnesium
- 8.1.5. Stainless Steel
- 8.1.6. Titanium
- 8.1.7. Others
- 8.2. Global Market Value & Volume Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
- 8.2.1. Automotive
- 8.2.2. Aerospace
- 8.2.3. Oil & Gas
- 8.2.4. Construction
- 8.2.5. Agriculture
- 8.2.6. Others
- 8.3. Global Market Value & Volume Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 8.3.1. North America
- 8.3.2. Latin America
- 8.3.3. Europe
- 8.3.4. East Asia
- 8.3.5. South Asia & Oceania
- 8.3.6. MEA
- 8.1. Global Market Value & Volume Analysis 2018 to 2022 and Forecast 2023 to 2033, by Raw Material
- 9. North America Market Value & Volume Analysis and Forecast 2018 to 2033
- 10. Latin America Market Value & Volume Analysis and Forecast 2018 to 2033
- 11. Europe Market Value & Volume Analysis and Forecast 2018 to 2033
- 12. East Asia Market Value & Volume Analysis and Forecast 2018 to 2033
- 13. South Asia & Oceania Market Value & Volume Analysis and Forecast 2018 to 2033
- 14. Middle East & Africa Market Value & Volume Analysis and Forecast 2018 to 2033
- 15. Global Market - Emerging Countries Analysis
- 16. Competitive Assessment
- 17. Company Profiles
- 17.1. ThyssenKrupp AG
- 17.2. Bruck GmbH
- 17.3. Larsen & Toubro Limited
- 17.4. Arconic
- 17.5. Bharat Forge Ltd.
- 17.6. China First Heavy Industries
- 17.7. Nippon Steel Corporation
- 17.8. Kovárna VIVA
- 17.9. ATI Metals
- 17.10. ELLWOOD Group Inc.
- 17.11. Japan Casting & Forging Corp.
- 17.12. Precision Castparts Corp.
- 17.13. Scot Forge
- 18. Fact.MR Research Methodology
- 19. Disclaimer & Contact Information
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List Of Table
Table 01: Global Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Raw Material, 2018 to 2022
Table 02: Global Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Raw Material, 2023 to 2033
Table 03: Global Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Application, 2018 to 2022
Table 04: Global Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Application, 2023 to 2033
Table 05: Global Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Region, 2018 to 2022
Table 06: Global Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Region, 2023 to 2033
Table 07: North America Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Country, 2018 to 2022
Table 08: North America Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Country, 2023 to 2033
Table 09: North America Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Raw Material, 2018 to 2022
Table 10: North America Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Raw Material, 2023 to 2033
Table 11: North America Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Application, 2018 to 2022
Table 12: North America Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Application, 2023 to 2033
Table 13: Latin America Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Country, 2018 to 2022
Table 14: Latin America Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Country, 2023 to 2033
Table 15: Latin America Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Raw Material, 2018 to 2022
Table 16: Latin America Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Raw Material, 2023 to 2033
Table 17: Latin America Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Application, 2018 to 2022
Table 18: Latin America Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Application, 2023 to 2033
Table 19: Europe Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Country, 2018 to 2022
Table 20: Europe Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Country, 2023 to 2033
Table 21: Europe Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Raw Material, 2018 to 2022
Table 22: Europe Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Raw Material, 2023 to 2033
Table 23: Europe Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Application, 2018 to 2022
Table 24: Europe Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Application, 2023 to 2033
Table 25: East Asia Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Country, 2018 to 2022
Table 26: East Asia Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Country, 2023 to 2033
Table 27: East Asia Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Raw Material, 2018 to 2022
Table 28: East Asia Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Raw Material, 2023 to 2033
Table 29: East Asia Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Application, 2018 to 2022
Table 30: East Asia Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Application, 2023 to 2033
Table 31: South Asia & Oceania Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Country, 2018 to 2022
Table 32: South Asia & Oceania Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Country, 2023 to 2033
Table 33: South Asia & Oceania Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Raw Material, 2018 to 2022
Table 34: South Asia & Oceania Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Raw Material, 2023 to 2033
Table 35: South Asia & Oceania Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Application, 2018 to 2022
Table 36: South Asia & Oceania Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Application, 2023 to 2033
Table 37: MEA Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Country, 2018 to 2022
Table 38: MEA Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Country, 2023 to 2033
Table 39: MEA Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Raw Material, 2018 to 2022
Table 40: MEA Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Raw Material, 2023 to 2033
Table 41: MEA Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Application, 2018 to 2022
Table 42: MEA Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Application, 2023 to 2033
Table 43: China Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Raw Material, 2018 to 2022
Table 44: China Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Raw Material, 2023 to 2033
Table 45: China Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Application, 2018 to 2022
Table 46: China Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Application, 2023 to 2033
Table 47: India Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Raw Material, 2018 to 2022
Table 48: India Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Raw Material, 2023 to 2033
Table 49: India Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Application, 2018 to 2022
Table 50: India Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Application, 2023 to 2033
Table 51: Mexico Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Raw Material, 2018 to 2022
Table 52: Mexico Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Raw Material, 2023 to 2033
Table 53: Mexico Market Value (US$ Mn) and Volume (Kilo Tons) Analysis by Application, 2018 to 2022
Table 54: Mexico Market Value (US$ Mn) and Volume (Kilo Tons) Forecast by Application, 2023 to 2033
Table 55: U.S. Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 56: Canada Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 57: Brazil Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 58: Mexico Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 59: Rest of Latin America Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 60: Germany Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 61: Italy Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 62: France Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 63: U.K. Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 64: Spain Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 65: BENELUX Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 66: Russia Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 67: Rest of Europe Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 68: China Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 69: Japan Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 70: South Korea Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 71: India Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 72: Thailand Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 73: Indonesia Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 74: Malaysia Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 75: Australia & New Zealand Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 76: Rest of South Asia Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 77: GCC Countries Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 78: Turkey Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 79: South Africa Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 80: Northern Africa Market Absolute $ Opportunity Forecast, 2023 to 2033
Table 81: Rest of MEA Market Absolute $ Opportunity Forecast by, 2023 to 2033
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List Of Figures
Figure 01: Global Market Historical Volume (Kilo Tons), 2018 to 2022
Figure 02: Global Market Volume (Kilo Tons) Forecast, 2023 to 2033
Figure 03: Global Market Historical Value (US$ Mn), 2018 to 2022
Figure 04: Global Market Value (US$ Mn) Forecast, 2023 to 2033
Figure 05: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 06: Global Market Value Share & BPS Analysis by Raw Material- 2018, 2023 & 2033
Figure 07: Global Market Y-o-Y Projection by Raw Material, 2018 to 2033
Figure 08: Global Market Attractiveness by Raw Material, 2023 to 2033
Figure 09: Global Market Absolute $ Opportunity - Carbon Steel, 2018 to 2033
Figure 10: Global Market Absolute $ Opportunity - Alloy Steel, 2018 to 2022
Figure 11: Global Market Absolute $ Opportunity - Aluminum, 2018 to 2022
Figure 12: Global Market Absolute $ Opportunity - Magnesium, 2018 to 2033
Figure 13: Global Market Absolute $ Opportunity - Stainless Steel, 2018 to 2022
Figure 14: Global Market Absolute $ Opportunity - Titanium, 2018 to 2022
Figure 15: Global Market Absolute $ Opportunity - Others, 2018 to 2022
Figure 16: Global Market Value Share & BPS Analysis by Application- 2018, 2023 & 2033
Figure 17: Global Market Y-o-Y Projection by Application, 2018 to 2033
Figure 18: Global Market Attractiveness by Application, 2023 to 2033
Figure 19: Global Market Absolute $ Opportunity - Automotive, 2018 to 2033
Figure 20: Global Market Absolute $ Opportunity - Aerospace, 2018 to 2022
Figure 21: Global Market Absolute $ Opportunity - Oil & Gas, 2018 to 2033
Figure 22: Global Market Absolute $ Opportunity - Construction, 2018 to 2022
Figure 23: Global Market Absolute $ Opportunity - Agriculture, 2018 to 2033
Figure 24: Global Market Absolute $ Opportunity - Others, 2018 to 2022
Figure 25: Global Market Value Share & BPS Analysis by Region- 2018, 2023 & 2033
Figure 26: Global Market Analysis by Region, 2018 to 2033
Figure 27: Global Market Analysis by Region, 2023 to 2033
Figure 28: Global Market Absolute $ Opportunity - North America, 2018 to 2033
Figure 29: Global Market Absolute $ Opportunity - Latin America, 2018 to 2033
Figure 30: Global Market Absolute $ Opportunity - Europe, 2018 to 2033
Figure 31: Global Market Absolute $ Opportunity - East Asia, 2018 to 2033
Figure 32: Global Market Absolute $ Opportunity - South Asia & Oceania, 2018 to 2033
Figure 33: Global Market Absolute $ Opportunity - MEA, 2018 to 2033
Figure 34: North America Market Historical Volume (Kilo Tons), 2018 to 2022
Figure 35: North America Market Volume (Kilo Tons) Forecast, 2023 to 2033
Figure 36: North America Market Historical Value (US$ Mn), 2018 to 2022
Figure 37: North America Market Value (US$ Mn) Forecast, 2023 to 2033
Figure 38: North America Market Value Share & BPS Analysis by Country- 2018, 2023 & 2033
Figure 39: North America Market Y-o-Y Projection by Country, 2018 to 2033
Figure 40: North America Market Attractiveness by Country, 2023 to 2033
Figure 41: North America Market Absolute $ Opportunity - U.S., 2018 to 2033
Figure 42: North America Market Absolute $ Opportunity - Canada, 2018 to 2022
Figure 43: North America Market Value Share & BPS Analysis by Raw Material- 2018, 2023 & 2033
Figure 44: North America Market Y-o-Y Projection by Raw Material, 2018 to 2033
Figure 45: North America Market Attractiveness by Raw Material, 2023 to 2033
Figure 46: North America Market Value Share & BPS Analysis by Application- 2018, 2023 & 2033
Figure 47: North America Market Y-o-Y Projection by Application, 2018 to 2033
Figure 48: North America Market Attractiveness by Application, 2023 to 2033
Figure 49: Latin America Market Historical Volume (Kilo Tons), 2018 to 2022
Figure 50: Latin America Market Volume (Kilo Tons) Forecast, 2023 to 2033
Figure 51: Latin America Market Historical Value (US$ Mn), 2018 to 2022
Figure 52: Latin America Market Value (US$ Mn) Forecast, 2023 to 2033
Figure 53: Latin America Market Value Share & BPS Analysis by Country- 2018, 2023 & 2033
Figure 54: Latin America Market Y-o-Y Projection by Country, 2018 to 2033
Figure 55: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 56: Latin America Market Absolute $ Opportunity - Brazil, 2018 to 2033
Figure 57: Latin America Market Absolute $ Opportunity - Mexico, 2018 to 2022
Figure 58: Latin America Market Absolute $ Opportunity - Rest of Latin America, 2018 to 2022
Figure 59: Latin America Market Value Share & BPS Analysis by Raw Material- 2018, 2023 & 2033
Figure 60: Latin America Market Y-o-Y Projection by Raw Material, 2018 to 2033
Figure 61: Latin America Market Attractiveness by Raw Material, 2023 to 2033
Figure 62: Latin America Market Value Share & BPS Analysis by Application- 2018, 2023 & 2033
Figure 63: Latin America Market Y-o-Y Projection by Application, 2018 to 2033
Figure 64: Latin America Market Attractiveness by Application, 2023 to 2033
Figure 65: Europe Market Historical Volume (Kilo Tons), 2018 to 2022
Figure 66: Europe Market Volume (Kilo Tons) Forecast, 2023 to 2033
Figure 67: Europe Market Historical Value (US$ Mn), 2018 to 2022
Figure 68: Europe Market Value (US$ Mn) Forecast, 2023 to 2033
Figure 69: Europe Market Value Share & BPS Analysis by Country- 2018, 2023 & 2033
Figure 70: Europe Market Y-o-Y Projection by Country, 2018 to 2033
Figure 71: Europe Market Attractiveness by Country, 2023 to 2033
Figure 72: Europe Market Absolute $ Opportunity - Germany, 2018 to 2033
Figure 73: Europe Market Absolute $ Opportunity - Mexico, 2018 to 2022
Figure 74: Europe Market Absolute $ Opportunity - U.K., 2018 to 2022
Figure 75: Europe Market Absolute $ Opportunity - Spain, 2018 to 2033
Figure 76: Europe Market Absolute $ Opportunity - BENELUX, 2018 to 2022
Figure 77: Europe Market Absolute $ Opportunity - Russia, 2018 to 2022
Figure 78: Europe Market Absolute $ Opportunity - Rest of Europe, 2018 to 2022
Figure 79: Europe Market Value Share & BPS Analysis by Raw Material- 2018, 2023 & 2033
Figure 80: Europe Market Y-o-Y Projection by Raw Material, 2018 to 2033
Figure 81: Europe Market Attractiveness by Raw Material, 2023 to 2033
Figure 82: Europe Market Value Share & BPS Analysis by Application- 2018, 2023 & 2033
Figure 83: Europe Market Y-o-Y Projection by Application, 2018 to 2033
Figure 84: Europe Market Attractiveness by Application, 2023 to 2033
Figure 85: East Asia Market Historical Volume (Kilo Tons), 2018 to 2022
Figure 86: East Asia Market Volume (Kilo Tons) Forecast, 2023 to 2033
Figure 87: East Asia Market Historical Value (US$ Mn), 2018 to 2022
Figure 88: East Asia Market Value (US$ Mn) Forecast, 2023 to 2033
Figure 89: East Asia Market Value Share & BPS Analysis by Country- 2018, 2023 & 2033
Figure 90: East Asia Market Y-o-Y Projection by Country, 2018 to 2033
Figure 91: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 92: East Asia Market Absolute $ Opportunity - China, 2018 to 2033
Figure 93: East Asia Market Absolute $ Opportunity - Japan, 2018 to 2022
Figure 94: East Asia Market Absolute $ Opportunity - South Korea, 2018 to 2022
Figure 95: East Asia Market Value Share & BPS Analysis by Raw Material- 2018, 2023 & 2033
Figure 96: East Asia Market Y-o-Y Projection by Raw Material, 2018 to 2033
Figure 97: East Asia Market Attractiveness by Raw Material, 2023 to 2033
Figure 98: East Asia Market Value Share & BPS Analysis by Application- 2018, 2023 & 2033
Figure 99: East Asia Market Y-o-Y Projection by Application, 2018 to 2033
Figure 100: East Asia Market Attractiveness by Application, 2023 to 2033
Figure 101: South Asia & Oceania Market Historical Volume (Kilo Tons), 2018 to 2022
Figure 102: South Asia & Oceania Market Volume (Kilo Tons) Forecast, 2023 to 2033
Figure 103: South Asia & Oceania Market Historical Value (US$ Mn), 2018 to 2022
Figure 104: South Asia & Oceania Market Value (US$ Mn) Forecast, 2023 to 2033
Figure 105: South Asia & Oceania Market Value Share & BPS Analysis by Country- 2018, 2023 & 2033
Figure 106: South Asia & Oceania Market Y-o-Y Projection by Country, 2018 to 2033
Figure 107: South Asia & Oceania Market Attractiveness by Country, 2023 to 2033
Figure 108: South Asia & Oceania Market Absolute $ Opportunity - India, 2018 to 2033
Figure 109: South Asia & Oceania Market Absolute $ Opportunity - Thailand, 2018 to 2022
Figure 110: South Asia & Oceania Market Absolute $ Opportunity - Indonesia, 2018 to 2022
Figure 111: South Asia & Oceania Market Absolute $ Opportunity - Malaysia, 2018 to 2022
Figure 112: South Asia & Oceania Market Absolute $ Opportunity - Australia & New Zealand, 2018 to 2022
Figure 113: South Asia & Oceania Market Absolute $ Opportunity - Rest of South Asia & Oceania, 2018 to 2022
Figure 114: South Asia & Oceania Market Value Share & BPS Analysis by Raw Material- 2018, 2023 & 2033
Figure 115: South Asia & Oceania Market Y-o-Y Projection by Raw Material, 2018 to 2033
Figure 116: South Asia & Oceania Market Attractiveness by Raw Material, 2023 to 2033
Figure 117: South Asia & Oceania Market Value Share & BPS Analysis by Application- 2018, 2023 & 2033
Figure 118: South Asia & Oceania Market Y-o-Y Projection by Application, 2018 to 2033
Figure 119: South Asia & Oceania Market Attractiveness by Application, 2023 to 2033
Figure 120: MEA Market Historical Volume (Kilo Tons), 2018 to 2022
Figure 121: MEA Market Volume (Kilo Tons) Forecast, 2023 to 2033
Figure 122: MEA Market Historical Value (US$ Mn), 2018 to 2022
Figure 123: MEA Market Value (US$ Mn) Forecast, 2023 to 2033
Figure 124: MEA Market Value Share & BPS Analysis by Country- 2018, 2023 & 2033
Figure 125: MEA Market Y-o-Y Projection by Country, 2018 to 2033
Figure 126: MEA Market Attractiveness by Country, 2023 to 2033
Figure 127: MEA Market Absolute $ Opportunity - GCC Countries, 2018 to 2033
Figure 128: MEA Market Absolute $ Opportunity - Turkey, 2018 to 2022
Figure 129: MEA Market Absolute $ Opportunity - South Africa, 2018 to 2022
Figure 130: MEA Market Absolute $ Opportunity - Northern Africa, 2018 to 2022
Figure 131: MEA Market Absolute $ Opportunity - Rest of MEA, 2018 to 2022
Figure 132: MEA Market Value Share & BPS Analysis by Raw Material- 2018, 2023 & 2033
Figure 133: MEA Market Y-o-Y Projection by Raw Material, 2018 to 2033
Figure 134: MEA Market Attractiveness by Raw Material, 2023 to 2033
Figure 135: MEA Market Value Share & BPS Analysis by Application- 2018, 2023 & 2033
Figure 136: MEA Market Y-o-Y Projection by Application, 2018 to 2033
Figure 137: MEA Market Attractiveness by Application, 2023 to 2033
Figure 138: China Market Value Share & BPS Analysis by Raw Material- 2018, 2023 & 2033
Figure 139: China Market Y-o-Y Projection by Raw Material, 2018 to 2033
Figure 140: China Market Attractiveness by Raw Material, 2023 to 2033
Figure 141: China Market Value Share & BPS Analysis by Application- 2018, 2023 & 2033
Figure 142: China Market Y-o-Y Projection by Application, 2018 to 2033
Figure 143: China Market Attractiveness by Application, 2023 to 2033
Figure 144: India Market Value Share & BPS Analysis by Raw Material- 2018, 2023 & 2033
Figure 145: India Market Y-o-Y Projection by Raw Material, 2018 to 2033
Figure 146: India Market Attractiveness by Raw Material, 2023 to 2033
Figure 147: India Market Value Share & BPS Analysis by Application- 2018, 2023 & 2033
Figure 148: India Market Y-o-Y Projection by Application, 2018 to 2033
Figure 149: India Market Attractiveness by Application, 2023 to 2033
Figure 150: Mexico Market Value Share & BPS Analysis by Raw Material- 2018, 2023 & 2033
Figure 151: Mexico Market Y-o-Y Projection by Raw Material, 2018 to 2033
Figure 152: Mexico Market Attractiveness by Raw Material, 2023 to 2033
Figure 153: Mexico Market Value Share & BPS Analysis by Application- 2018, 2023 & 2033
Figure 154: Mexico Market Y-o-Y Projection by Application, 2018 to 2033
Figure 155: Mexico Market Attractiveness by Application, 2023 to 2033
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- FAQs -
What valuation does the metal forging market enjoy at present?
The global metal forging market is valued at US$ 103.8 billion in 2023.
What is the forecasted value of the global market for 2033?
Worldwide revenue from metal forging techniques is estimated to reach US$ 208 billion by 2033.
At what CAGR is the global market estimated to rise through 2033?
The market for metal forging is projected to expand at a CAGR of 7.2% through 2033.
What is the market outlook for metal forging in Japan?
The market in Japan is predicted to reach US$ 16.85 billion by the end of 2033.
What is the projected growth rate for the market in India?
The market in India is expected to increase at a CAGR of 6.1% from 2023 to 2033.
Metal Forging Market