풍력 터빈 단조 시장 : 기회, 성장 촉진요인, 산업 동향 분석 및 예측(2025-2034년)

The Global Wind Turbine Forging Market was valued at USD 9.6 billion in 2024 and is estimated to grow at a CAGR of 7.3% to reach USD 19.28 billion by 2034. The growth in wind energy installations globally is directly influencing the demand for forged components used in turbines. This demand stems from the need for durable, high-performance parts that can endure continuous use and environmental stress. With an increasing number of countries and corporations turning to renewable sources to achieve sustainability goals, the focus on wind energy is intensifying. This is encouraging significant investment in wind turbine infrastructure, thus boosting the requirement for forged parts such as main shafts, flanges, gear blanks, and bearing housings. These components are essential in both onshore and offshore turbine applications. As global wind capacity increases, especially across regions like North America, Europe, and Asia-Pacific, the demand for precision-forged, high-strength components will continue to rise. Forging techniques like open die and seamless rolled ring forging are widely adopted because of their ability to deliver parts with optimal mechanical properties and structural integrity. These methods produce strong and reliable components that meet the exacting requirements of modern wind energy systems, making forging a critical segment within the renewable energy supply chain.

In terms of type, the market is categorized into open die forging, seamless rolled ring forging, and closed die forging. Among these, open die forging led the market in 2024 with a 44% share and is projected to grow at a CAGR of over 7.9% during the forecast timeline. This forging method is favored for its capacity to create large, robust components essential for wind turbine construction. The process involves deforming metal between flat or specially shaped dies, which helps optimize the grain flow and improves material strength. Such precision is critical for manufacturing parts like hubs, shafts, and flanges, all of which endure high levels of torque, fatigue, and mechanical stress in turbine applications.

Based on application, the wind turbine forging market is categorized into onshore and offshore categories. In 2024, the onshore segment dominated with a 67.3% market share and is expected to register a CAGR of more than 7.6% from 2025 to 2034. Onshore wind projects typically benefit from easier logistics, lower installation costs, and simpler infrastructure compared to offshore developments. These advantages are driving widespread adoption across major regions. Standard-sized turbines are frequently used for these installations, simplifying mass production of forged components like flanges and gear blanks and enabling more efficient supply chain management.

When analyzed by distribution channel, the market is divided into direct and indirect channels. In 2024, the direct channel accounted for the larger share and is forecasted to grow at a CAGR exceeding 7.6% through 2034. Direct procurement offers manufacturers better control over quality, lead times, and technical specifications. Large wind turbine OEMs prefer working directly with forging companies to maintain performance standards and ensure product traceability, particularly for components like gear rings, projections, and main shafts that demand strict compliance and consistent quality.

Regionally, the United States held the largest share in North America in 2024, commanding about 87% of the regional market. The country's wind turbine forging sector is estimated to reach a revenue of USD 3.6 billion by 2034. Strong government support, favorable tax policies, and growing investment in wind energy projects are fueling demand for forged parts. Wind farms located both inland and along the coasts are increasing the need for high-performance, heavy-duty turbine components. In particular, advancements in offshore wind development are pushing the requirements for larger, more resilient forged pieces.

Leading market players include well-established companies that offer different competitive approaches to capture market share. These organizations focus on areas such as turbine efficiency, local manufacturing strategies, tailored engineering solutions, and cost-effective production methods. Innovation in design, expansion into emerging markets, and strategic collaborations are common tactics employed to enhance competitiveness. The presence of experienced manufacturers further supports the overall development of the wind turbine forging market by ensuring a consistent supply of high-quality forged components that meet the rigorous demands of modern wind energy infrastructure.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Research design
  • 1.1.1 Research approach
  • 1.1.2 Data collection methods
• 1.2 Base estimates and calculations
  • 1.2.1 Base year calculation
  • 1.2.2 Key trends for market estimates
• 1.3 Forecast model.
• 1.4 Primary research & validation
  • 1.4.1 Primary sources
  • 1.4.2 Data mining sources
• 1.5 Market definitions

Chapter 2 Executive Summary

• 2.1 Industry 360⁰ synopsis, 2021 - 2034

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
• 3.2 Supplier landscape
  • 3.2.1 Manufacturers
  • 3.2.2 Raw material suppliers
  • 3.2.3 Distribution channel
• 3.3 Impact of Trump administration tariffs
  • 3.3.1 Trade impact
    • 3.3.1.1 Trade volume disruptions
    • 3.3.1.2 Retaliatory measures
  • 3.3.2 Impact on industry
    • 3.3.2.1 Supply-side impact (raw materials)
      • 3.3.2.1.1 Price volatility in key materials
      • 3.3.2.1.2 Supply chain restructuring.
      • 3.3.2.1.3 Production cost implications
    • 3.3.2.2 Demand-side impact (Cost to customers)
      • 3.3.2.2.1 Price transmission to end markets.
      • 3.3.2.2.2 Market share dynamics
      • 3.3.2.2.3 Consumer response patterns
  • 3.3.3 Key companies impacted.
  • 3.3.4 Strategic industry responses
    • 3.3.4.1 Supply chain reconfiguration.
    • 3.3.4.2 Pricing and product strategies
    • 3.3.4.3 Policy engagement
  • 3.3.5 Outlook & future considerations
• 3.4 Profit margin analysis.
• 3.5 Technology & innovation landscape
• 3.6 Key news & initiatives
• 3.7 Regulatory landscape
• 3.8 Impact on forces
  • 3.8.1 Growth drivers
    • 3.8.1.1 Surge in wind power installations
    • 3.8.1.2 Government incentives and net-zero targets
    • 3.8.1.3 Growth in offshore wind projects
  • 3.8.2 Industry pitfalls & challenges
    • 3.8.2.1 Raw material price volatility
    • 3.8.2.2 High initial investment and capex
• 3.9 Growth potential analysis
• 3.10 Porter's analysis
• 3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2024

• 4.1 Introduction
• 4.2 Industry structure and concentration
  • 4.2.1 Competitive intensity assessment
  • 4.2.2 Company market share analysis
  • 4.2.3 Competitive positioning matrix
• 4.3 Product positioning
  • 4.3.1 Price-performance positioning
  • 4.3.2 Geographic presence
  • 4.3.3 Innovation capabilities
• 4.4 Strategic dashboard
• 4.5 Competitive benchmarking
  • 4.5.1 Manufacturing capabilities
  • 4.5.2 Product portfolio strength
  • 4.5.3 Distribution network
  • 4.5.4 R&D investments
• 4.6 Strategic initiatives assessment
• 4.7 SWOT analysis of key players
• 4.8 Future competitive outlook

Chapter 5 Market Estimates & Forecast, By Type, 2021 - 2034 ($Bn, Units)

• 5.1 Key trends
• 5.2 Open die forging
• 5.3 Seamless rolled ring
• 5.4 Closed die forging

Chapter 6 Market Estimates & Forecast, By Component, 2021 - 2034 ($Bn, Units)

• 6.1 Key trends
• 6.2 Flanges
• 6.3 Gears
• 6.4 Shafts
• 6.5 Blades
• 6.6 Bearings
• 6.7 Others

Chapter 7 Market Estimates & Forecast, By Material, 2021 - 2034 ($Bn, Units)

• 7.1 Key trends
• 7.2 Steel alloys
• 7.3 Aluminium alloys
• 7.4 Composite materials
• 7.5 Other materials

Chapter 8 Market Estimates & Forecast, By Application, 2021 - 2034 ($Bn, Units)

• 8.1 Key trends
• 8.2 Onshore installation
• 8.3 Offshore installation

Chapter 9 Market Estimates & Forecast, By Distribution Channel, 2021 - 2034 ($Bn, Units)

• 9.1 Key trends
• 9.2 Direct channel
• 9.3 Indirect channel

Chapter 10 Market Estimates & Forecast, By Region, 2021 - 2034 ($Bn, Units)

• 10.1 Key trends
• 10.2 North America
  • 10.2.1 U.S.
  • 10.2.2 Canada
• 10.3 Europe
  • 10.3.1 UK
  • 10.3.2 Germany
  • 10.3.3 France
  • 10.3.4 Italy
  • 10.3.5 Spain
  • 10.3.6 Russia
• 10.4 Asia Pacific
  • 10.4.1 China
  • 10.4.2 India
  • 10.4.3 Japan
  • 10.4.4 South Korea
• 10.5 Latin America
  • 10.5.1 Brazil
  • 10.5.2 Mexico
• 10.6 MEA
  • 10.6.1 UAE
  • 10.6.2 Saudi Arabia
  • 10.6.3 South Africa

Chapter 11 Company Profiles

• 11.1 Bharat Forge
• 11.2 Bruck
• 11.3 China First Heavy Industries
• 11.4 Dongfeng Forging
• 11.5 Ellwood Group
• 11.6 Fountaintown Forge
• 11.7 Forgital Group
• 11.8 Iraeta Energy Equipment
• 11.9 Jiangsu Pacific Precision Forging
• 11.10 Larsen & Toubro
• 11.11 Samuel, Son & Co.
• 11.12 Scot Forge
• 11.13 Thyssenkrupp
• 11.14 VDM Metals
• 11.15 VIC Forgings