The global forging market is forecasted to grow by USD 47590.3 mn during 2025-2030, accelerating at a CAGR of 6.8% during the forecast period. The report on the global forging market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by automotive industry transition to electric vehicles and lightweighting, sustained demand from aerospace and defense sectors, global infrastructure development and industrial expansion.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope |
| Base Year | 2025 |
| End Year | 2030 |
| Series Year | 2026-2030 |
| Growth Momentum | Accelerate |
| YOY 2026 | 6.6% |
| CAGR | 6.8% |
| Incremental Value | $47590.3 mn |
Technavio's global forging market is segmented as below:
By End-User
- Automotive
- Defense and aerospace
- Shipbuilding
- Others
By Raw Material
- Carbon steel
- Alloy steel
- Aluminum
- Magnesium
- Others
By Application
- Closed die forging
- Open die forging
- Seamless rings
Geography
- APAC
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Europe
- Germany
- Italy
- France
- UK
- Spain
- The Netherlands
- North America
- South America
- Middle East and Africa
- UAE
- South Africa
- Turkey
- Egypt
- Rest of World (ROW)
This study identifies the integration of automation and industry 4.0 technologies as one of the prime reasons driving the global forging market growth during the next few years. Also, growing demand for lightweight and advanced materials and increasing emphasis on near net shape forging will lead to sizable demand in the market.
The report on the global forging market covers the following areas:
- Global forging market sizing
- Global forging market forecast
- Global forging market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global forging market vendors that include Alcoa Corp., Allegheny Technologies Inc., American Axle Manufacturing, Arconic Corp., Bharat Forge Ltd., Bruck GmbH, CIE Automotive SA, CITIC Heavy Industries, ELLWOOD Group Inc., Farinia SA, Forge Metal Group, HR Flanges Pvt Ltd, Larsen and Toubro Ltd., Nippon Steel Corp., Otto Fuchs KG, Ovako AB, Precision Castparts Corp., Sypris Solutions Inc., thyssenkrupp AG, voestalpine AG. Also, the global forging market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Raw Material
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- 2.3 Factors of disruption
- 2.4 Impact of drivers and challenges
3 Market Landscape
- 3.1 Market ecosystem
- 3.2 Market characteristics
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- 4.2 Market segment analysis
- 4.3 Market size 2025
- 4.4 Market outlook: Forecast for 2025-2030
5 Historic Market Size
- 5.1 Global Forging Market 2020 - 2024
- Historic Market Size - Data Table on Global Forging Market 2020 - 2024 ($ million)
- 5.2 End-user segment analysis 2020 - 2024
- Historic Market Size - End-user Segment 2020 - 2024 ($ million)
- 5.3 Raw Material segment analysis 2020 - 2024
- Historic Market Size - Raw Material Segment 2020 - 2024 ($ million)
- 5.4 Application segment analysis 2020 - 2024
- Historic Market Size - Application Segment 2020 - 2024 ($ million)
- 5.5 Geography segment analysis 2020 - 2024
- Historic Market Size - Geography Segment 2020 - 2024 ($ million)
- 5.6 Country segment analysis 2020 - 2024
- Historic Market Size - Country Segment 2020 - 2024 ($ million)
6 Qualitative Analysis
- 6.1 Impact of AI on Global Forging Market
- 6.2 Impact of Geopolitical Conflicts on Global Forging Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2025 and 2030
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2025 and 2030
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2025 and 2030
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2025 and 2030
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2025 and 2030
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2025 and 2030
- 7.7 Market condition
8 Market Segmentation by End-user
- 8.1 Market segments
- 8.2 Comparison by End-user
- 8.3 Automotive - Market size and forecast 2025-2030
- 8.4 Defense and aerospace - Market size and forecast 2025-2030
- 8.5 Shipbuilding - Market size and forecast 2025-2030
- 8.6 Others - Market size and forecast 2025-2030
- 8.7 Market opportunity by End-user
- Market opportunity by End-user ($ million)
9 Market Segmentation by Raw Material
- 9.1 Market segments
- 9.2 Comparison by Raw Material
- 9.3 Carbon steel - Market size and forecast 2025-2030
- 9.4 Alloy steel - Market size and forecast 2025-2030
- 9.5 Aluminum - Market size and forecast 2025-2030
- 9.6 Magnesium - Market size and forecast 2025-2030
- 9.7 Others - Market size and forecast 2025-2030
- 9.8 Market opportunity by Raw Material
- Market opportunity by Raw Material ($ million)
10 Market Segmentation by Application
- 10.1 Market segments
- 10.2 Comparison by Application
- 10.3 Closed die forging - Market size and forecast 2025-2030
- 10.4 Open die forging - Market size and forecast 2025-2030
- 10.5 Seamless rings - Market size and forecast 2025-2030
- 10.6 Market opportunity by Application
- Market opportunity by Application ($ million)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12.1 Geographic segmentation
- 12.2 Geographic comparison
- 12.3 APAC - Market size and forecast 2025-2030
- 12.3.1 China - Market size and forecast 2025-2030
- 12.3.2 India - Market size and forecast 2025-2030
- 12.3.3 Japan - Market size and forecast 2025-2030
- 12.3.4 South Korea - Market size and forecast 2025-2030
- 12.3.5 Australia - Market size and forecast 2025-2030
- 12.3.6 Singapore - Market size and forecast 2025-2030
- 12.4 Europe - Market size and forecast 2025-2030
- 12.4.1 Germany - Market size and forecast 2025-2030
- 12.4.2 Italy - Market size and forecast 2025-2030
- 12.4.3 France - Market size and forecast 2025-2030
- 12.4.4 UK - Market size and forecast 2025-2030
- 12.4.5 Spain - Market size and forecast 2025-2030
- 12.4.6 The Netherlands - Market size and forecast 2025-2030
- 12.5 North America - Market size and forecast 2025-2030
- 12.5.1 US - Market size and forecast 2025-2030
- 12.5.2 Canada - Market size and forecast 2025-2030
- 12.5.3 Mexico - Market size and forecast 2025-2030
- 12.6 South America - Market size and forecast 2025-2030
- 12.6.1 Brazil - Market size and forecast 2025-2030
- 12.6.2 Argentina - Market size and forecast 2025-2030
- 12.6.3 Chile - Market size and forecast 2025-2030
- 12.7 Middle East and Africa - Market size and forecast 2025-2030
- 12.7.1 Saudi Arabia - Market size and forecast 2025-2030
- 12.7.2 UAE - Market size and forecast 2025-2030
- 12.7.3 South Africa - Market size and forecast 2025-2030
- 12.7.4 Turkey - Market size and forecast 2025-2030
- 12.7.5 Egypt - Market size and forecast 2025-2030
- 12.8 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
13 Drivers, Challenges, and Opportunity
- 13.1 Market drivers
- Automotive industry transition to electric vehicles and lightweighting
- Sustained demand from aerospace and defense sectors
- Global infrastructure development and industrial expansion
- 13.2 Market challenges
- High energy consumption and stringent environmental regulations
- Skilled labor shortage and aging workforce
- Increasing competition from alternative manufacturing processes
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2025 and 2030
- 13.4 Market opportunities
- Integration of automation and industry 4.0 technologies
- Growing demand for lightweight and advanced materials
- Increasing emphasis on near net shape forging
14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15.1 Companies profiled
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 Alcoa Corp.
- Alcoa Corp. - Overview
- Alcoa Corp. - Business segments
- Alcoa Corp. - Key news
- Alcoa Corp. - Key offerings
- Alcoa Corp. - Segment focus
- SWOT
- 15.5 Allegheny Technologies Inc.
- Allegheny Technologies Inc. - Overview
- Allegheny Technologies Inc. - Business segments
- Allegheny Technologies Inc. - Key offerings
- Allegheny Technologies Inc. - Segment focus
- SWOT
- 15.6 American Axle Manufacturing
- American Axle Manufacturing - Overview
- American Axle Manufacturing - Business segments
- American Axle Manufacturing - Key offerings
- American Axle Manufacturing - Segment focus
- SWOT
- 15.7 Arconic Corp.
- Arconic Corp. - Overview
- Arconic Corp. - Product / Service
- Arconic Corp. - Key offerings
- SWOT
- 15.8 CIE Automotive SA
- CIE Automotive SA - Overview
- CIE Automotive SA - Product / Service
- CIE Automotive SA - Key offerings
- SWOT
- 15.9 CITIC Heavy Industries
- CITIC Heavy Industries - Overview
- CITIC Heavy Industries - Product / Service
- CITIC Heavy Industries - Key offerings
- SWOT
- 15.10 Farinia SA
- Farinia SA - Overview
- Farinia SA - Product / Service
- Farinia SA - Key offerings
- SWOT
- 15.11 Larsen and Toubro Ltd.
- Larsen and Toubro Ltd. - Overview
- Larsen and Toubro Ltd. - Business segments
- Larsen and Toubro Ltd. - Key offerings
- Larsen and Toubro Ltd. - Segment focus
- SWOT
- 15.12 Nippon Steel Corp.
- Nippon Steel Corp. - Overview
- Nippon Steel Corp. - Business segments
- Nippon Steel Corp. - Key offerings
- Nippon Steel Corp. - Segment focus
- SWOT
- 15.13 Otto Fuchs KG
- Otto Fuchs KG - Overview
- Otto Fuchs KG - Product / Service
- Otto Fuchs KG - Key offerings
- SWOT
- 15.14 Ovako AB
- Ovako AB - Overview
- Ovako AB - Product / Service
- Ovako AB - Key offerings
- SWOT
- 15.15 Precision Castparts Corp.
- Precision Castparts Corp. - Overview
- Precision Castparts Corp. - Product / Service
- Precision Castparts Corp. - Key offerings
- SWOT
- 15.16 Sypris Solutions Inc.
- Sypris Solutions Inc. - Overview
- Sypris Solutions Inc. - Business segments
- Sypris Solutions Inc. - Key offerings
- Sypris Solutions Inc. - Segment focus
- SWOT
- 15.17 thyssenkrupp AG
- thyssenkrupp AG - Overview
- thyssenkrupp AG - Business segments
- thyssenkrupp AG - Key offerings
- thyssenkrupp AG - Segment focus
- SWOT
- 15.18 voestalpine AG
- voestalpine AG - Overview
- voestalpine AG - Business segments
- voestalpine AG - Key offerings
- voestalpine AG - Segment focus
- SWOT
16 Appendix
- 16.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.5 Data procurement
- 16.6 Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations