Forging is a manufacturing process involving the shaping of metal using localized compressive forces. The blows are delivered with a hammer (often a power hammer) or a die. Forging is often classified according to the temperature at which it is performed: cold forging (a type of cold working), warm forging, or hot forging (a type of hot working). For the latter two, the metal is heated, usually in a forge. Forged parts can range in weight from less than a kilogram to hundreds of metric tons. Forging has been done by smiths for millennia; the traditional products were kitchenware, hardware, hand tools, edged weapons, cymbals, and jewellery. Since the Industrial Revolution, forged parts are widely used in mechanisms and machines wherever a component requires high strength; such forgings usually require further processing (such as machining) to achieve a finished part. Today, forging is a major worldwide industry.
The global market for Forging was estimated to be worth US$ 82000 million in 2023 and is forecast to a readjusted size of US$ 118210 million by 2030 with a CAGR of 5.3% during the forecast period 2024-2030
Global Forging key players include Precision Castparts Corp, Arconic, Thyssenkrupp, KOBELCO, Nippon Steel & Sumitomo Metal, etc. Global top five manufacturers hold a share about 15%. China is the largest market, with a share about 30%, followed by Europe, with a share about 25 percent. In terms of product, Closed Die Forgings is the largest segment, with a share about 80%. And in terms of application, the largest application is Automotive, followed by General Industrial, Aerospace, Agricultural, etc.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Forging, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Forging by region & country, by Type, and by Application.
The Forging market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Forging.
Market Segmentation
By Company
Nippon Steel & Sumitomo Metal
Aichi Steel
Thyssenkrupp
AAM
Bharat Forge
KOBELCO
WanXiang
FAW
Arconic
Mahindra Forgings Europe
Farinia
Longcheng Forging
Sinotruck
Dongfeng Forging
Jiangsu Pacific Precision Forging
Sypris Solutions
Ashok Leyland
Allegheny Technologies
VDM Metals
CITIC Heavy Industries
Segment by Type:
Closed Die Forgings
Open Die Forgings
Rolled Rings Forgings
Segment by Application
Automotive
Aerospace
Agricultural
General Industrial
Other
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Forging manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Forging in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Forging in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Market Overview
1.1 Forging Product Introduction
1.2 Global Forging Market Size Forecast
1.2.1 Global Forging Sales Value (2019-2030)
1.2.2 Global Forging Sales Volume (2019-2030)
1.2.3 Global Forging Sales Price (2019-2030)
1.3 Forging Market Trends & Drivers
1.3.1 Forging Industry Trends
1.3.2 Forging Market Drivers & Opportunity
1.3.3 Forging Market Challenges
1.3.4 Forging Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Forging Players Revenue Ranking (2023)
2.2 Global Forging Revenue by Company (2019-2024)
2.3 Global Forging Players Sales Volume Ranking (2023)
2.4 Global Forging Sales Volume by Company Players (2019-2024)
2.5 Global Forging Average Price by Company (2019-2024)
2.6 Key Manufacturers Forging Manufacturing Base Distribution and Headquarters
2.7 Key Manufacturers Forging Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Forging
2.9 Forging Market Competitive Analysis
2.9.1 Forging Market Concentration Rate (2019-2024)
2.9.2 Global 5 and 10 Largest Manufacturers by Forging Revenue in 2023
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Forging as of 2023)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Closed Die Forgings
3.1.2 Open Die Forgings
3.1.3 Rolled Rings Forgings
3.2 Global Forging Sales Value by Type
3.2.1 Global Forging Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Forging Sales Value, by Type (2019-2030)
3.2.3 Global Forging Sales Value, by Type (%) (2019-2030)
3.3 Global Forging Sales Volume by Type
3.3.1 Global Forging Sales Volume by Type (2019 VS 2023 VS 2030)
3.3.2 Global Forging Sales Volume, by Type (2019-2030)
3.3.3 Global Forging Sales Volume, by Type (%) (2019-2030)
3.4 Global Forging Average Price by Type (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Automotive
4.1.2 Aerospace
4.1.3 Agricultural
4.1.4 General Industrial
4.1.5 Other
4.2 Global Forging Sales Value by Application
4.2.1 Global Forging Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Forging Sales Value, by Application (2019-2030)
4.2.3 Global Forging Sales Value, by Application (%) (2019-2030)
4.3 Global Forging Sales Volume by Application
4.3.1 Global Forging Sales Volume by Application (2019 VS 2023 VS 2030)
4.3.2 Global Forging Sales Volume, by Application (2019-2030)
4.3.3 Global Forging Sales Volume, by Application (%) (2019-2030)
4.4 Global Forging Average Price by Application (2019-2030)
5 Segmentation by Region
5.1 Global Forging Sales Value by Region
5.1.1 Global Forging Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Forging Sales Value by Region (2019-2024)
5.1.3 Global Forging Sales Value by Region (2025-2030)
5.1.4 Global Forging Sales Value by Region (%), (2019-2030)
5.2 Global Forging Sales Volume by Region
5.2.1 Global Forging Sales Volume by Region: 2019 VS 2023 VS 2030
5.2.2 Global Forging Sales Volume by Region (2019-2024)
5.2.3 Global Forging Sales Volume by Region (2025-2030)
5.2.4 Global Forging Sales Volume by Region (%), (2019-2030)
5.3 Global Forging Average Price by Region (2019-2030)
5.4 North America
5.4.1 North America Forging Sales Value, 2019-2030
5.4.2 North America Forging Sales Value by Country (%), 2023 VS 2030
5.5 Europe
5.5.1 Europe Forging Sales Value, 2019-2030
5.5.2 Europe Forging Sales Value by Country (%), 2023 VS 2030
5.6 Asia Pacific
5.6.1 Asia Pacific Forging Sales Value, 2019-2030
5.6.2 Asia Pacific Forging Sales Value by Country (%), 2023 VS 2030
5.7 South America
5.7.1 South America Forging Sales Value, 2019-2030
5.7.2 South America Forging Sales Value by Country (%), 2023 VS 2030
5.8 Middle East & Africa
5.8.1 Middle East & Africa Forging Sales Value, 2019-2030
5.8.2 Middle East & Africa Forging Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Forging Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Forging Sales Value
6.2.1 Key Countries/Regions Forging Sales Value, 2019-2030
6.2.2 Key Countries/Regions Forging Sales Volume, 2019-2030
6.3 United States
6.3.1 United States Forging Sales Value, 2019-2030
6.3.2 United States Forging Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Forging Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Forging Sales Value, 2019-2030
6.4.2 Europe Forging Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Forging Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Forging Sales Value, 2019-2030
6.5.2 China Forging Sales Value by Type (%), 2023 VS 2030
6.5.3 China Forging Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Forging Sales Value, 2019-2030
6.6.2 Japan Forging Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Forging Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Forging Sales Value, 2019-2030
6.7.2 South Korea Forging Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Forging Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Forging Sales Value, 2019-2030
6.8.2 Southeast Asia Forging Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Forging Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Forging Sales Value, 2019-2030
6.9.2 India Forging Sales Value by Type (%), 2023 VS 2030
6.9.3 India Forging Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 Nippon Steel & Sumitomo Metal
7.1.1 Nippon Steel & Sumitomo Metal Company Information
7.1.2 Nippon Steel & Sumitomo Metal Introduction and Business Overview
7.1.3 Nippon Steel & Sumitomo Metal Forging Sales, Revenue and Gross Margin (2019-2024)
7.1.4 Nippon Steel & Sumitomo Metal Forging Product Offerings
7.1.5 Nippon Steel & Sumitomo Metal Recent Development
7.2 Aichi Steel
7.2.1 Aichi Steel Company Information
7.2.2 Aichi Steel Introduction and Business Overview
7.2.3 Aichi Steel Forging Sales, Revenue and Gross Margin (2019-2024)
7.2.4 Aichi Steel Forging Product Offerings
7.2.5 Aichi Steel Recent Development
7.3 Thyssenkrupp
7.3.1 Thyssenkrupp Company Information
7.3.2 Thyssenkrupp Introduction and Business Overview
7.3.3 Thyssenkrupp Forging Sales, Revenue and Gross Margin (2019-2024)
7.3.4 Thyssenkrupp Forging Product Offerings
7.3.5 Thyssenkrupp Recent Development
7.4 AAM
7.4.1 AAM Company Information
7.4.2 AAM Introduction and Business Overview
7.4.3 AAM Forging Sales, Revenue and Gross Margin (2019-2024)
7.4.4 AAM Forging Product Offerings
7.4.5 AAM Recent Development
7.5 Bharat Forge
7.5.1 Bharat Forge Company Information
7.5.2 Bharat Forge Introduction and Business Overview
7.5.3 Bharat Forge Forging Sales, Revenue and Gross Margin (2019-2024)
7.5.4 Bharat Forge Forging Product Offerings
7.5.5 Bharat Forge Recent Development
7.6 KOBELCO
7.6.1 KOBELCO Company Information
7.6.2 KOBELCO Introduction and Business Overview
7.6.3 KOBELCO Forging Sales, Revenue and Gross Margin (2019-2024)
7.6.4 KOBELCO Forging Product Offerings
7.6.5 KOBELCO Recent Development
7.7 WanXiang
7.7.1 WanXiang Company Information
7.7.2 WanXiang Introduction and Business Overview
7.7.3 WanXiang Forging Sales, Revenue and Gross Margin (2019-2024)
7.7.4 WanXiang Forging Product Offerings
7.7.5 WanXiang Recent Development
7.8 FAW
7.8.1 FAW Company Information
7.8.2 FAW Introduction and Business Overview
7.8.3 FAW Forging Sales, Revenue and Gross Margin (2019-2024)
7.8.4 FAW Forging Product Offerings
7.8.5 FAW Recent Development
7.9 Arconic
7.9.1 Arconic Company Information
7.9.2 Arconic Introduction and Business Overview
7.9.3 Arconic Forging Sales, Revenue and Gross Margin (2019-2024)
7.9.4 Arconic Forging Product Offerings
7.9.5 Arconic Recent Development
7.10 Mahindra Forgings Europe
7.10.1 Mahindra Forgings Europe Company Information
7.10.2 Mahindra Forgings Europe Introduction and Business Overview
7.10.3 Mahindra Forgings Europe Forging Sales, Revenue and Gross Margin (2019-2024)
7.10.4 Mahindra Forgings Europe Forging Product Offerings
7.10.5 Mahindra Forgings Europe Recent Development
7.11 Farinia
7.11.1 Farinia Company Information
7.11.2 Farinia Introduction and Business Overview
7.11.3 Farinia Forging Sales, Revenue and Gross Margin (2019-2024)
7.11.4 Farinia Forging Product Offerings
7.11.5 Farinia Recent Development
7.12 Longcheng Forging
7.12.1 Longcheng Forging Company Information
7.12.2 Longcheng Forging Introduction and Business Overview
7.12.3 Longcheng Forging Forging Sales, Revenue and Gross Margin (2019-2024)
7.12.4 Longcheng Forging Forging Product Offerings
7.12.5 Longcheng Forging Recent Development
7.13 Sinotruck
7.13.1 Sinotruck Company Information
7.13.2 Sinotruck Introduction and Business Overview
7.13.3 Sinotruck Forging Sales, Revenue and Gross Margin (2019-2024)
7.13.4 Sinotruck Forging Product Offerings
7.13.5 Sinotruck Recent Development
7.14 Dongfeng Forging
7.14.1 Dongfeng Forging Company Information
7.14.2 Dongfeng Forging Introduction and Business Overview
7.14.3 Dongfeng Forging Forging Sales, Revenue and Gross Margin (2019-2024)
7.14.4 Dongfeng Forging Forging Product Offerings
7.14.5 Dongfeng Forging Recent Development
7.15 Jiangsu Pacific Precision Forging
7.15.1 Jiangsu Pacific Precision Forging Company Information
7.15.2 Jiangsu Pacific Precision Forging Introduction and Business Overview
7.15.3 Jiangsu Pacific Precision Forging Forging Sales, Revenue and Gross Margin (2019-2024)
7.15.4 Jiangsu Pacific Precision Forging Forging Product Offerings
7.15.5 Jiangsu Pacific Precision Forging Recent Development
7.16 Sypris Solutions
7.16.1 Sypris Solutions Company Information
7.16.2 Sypris Solutions Introduction and Business Overview
7.16.3 Sypris Solutions Forging Sales, Revenue and Gross Margin (2019-2024)
7.16.4 Sypris Solutions Forging Product Offerings
7.16.5 Sypris Solutions Recent Development
7.17 Ashok Leyland
7.17.1 Ashok Leyland Company Information
7.17.2 Ashok Leyland Introduction and Business Overview
7.17.3 Ashok Leyland Forging Sales, Revenue and Gross Margin (2019-2024)
7.17.4 Ashok Leyland Forging Product Offerings
7.17.5 Ashok Leyland Recent Development
7.18 Allegheny Technologies
7.18.1 Allegheny Technologies Company Information
7.18.2 Allegheny Technologies Introduction and Business Overview
7.18.3 Allegheny Technologies Forging Sales, Revenue and Gross Margin (2019-2024)
7.18.4 Allegheny Technologies Forging Product Offerings
7.18.5 Allegheny Technologies Recent Development
7.19 VDM Metals
7.19.1 VDM Metals Company Information
7.19.2 VDM Metals Introduction and Business Overview
7.19.3 VDM Metals Forging Sales, Revenue and Gross Margin (2019-2024)
7.19.4 VDM Metals Forging Product Offerings
7.19.5 VDM Metals Recent Development
7.20 CITIC Heavy Industries
7.20.1 CITIC Heavy Industries Company Information
7.20.2 CITIC Heavy Industries Introduction and Business Overview
7.20.3 CITIC Heavy Industries Forging Sales, Revenue and Gross Margin (2019-2024)
7.20.4 CITIC Heavy Industries Forging Product Offerings
7.20.5 CITIC Heavy Industries Recent Development
8 Industry Chain Analysis
8.1 Forging Industrial Chain
8.2 Forging Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Forging Sales Model
8.5.2 Sales Channel
8.5.3 Forging Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
Nippon Steel & Sumitomo Metal
Aichi Steel
Thyssenkrupp
AAM
Bharat Forge
KOBELCO
WanXiang
FAW
Arconic
Mahindra Forgings Europe
Farinia
Longcheng Forging
Sinotruck
Dongfeng Forging
Jiangsu Pacific Precision Forging
Sypris Solutions
Ashok Leyland
Allegheny Technologies
VDM Metals
CITIC Heavy Industries
*If Applicable.