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Global Forgings for Offshore Wind Power Equipment Market Strategic Research Report

Global Forgings for Offshore Wind Power Equipment Market Str…
$3,500 USD
Market Research Reports
Strategic Research Report
Global Forgings for Offshore Wind Power Equipment Market
$4.87B2025
4.7%CAGR
2032Forecast
Market Research Reports · Global
Market Research Reports Intelligence Series

By Type: haft Forgings, Runner and Hub Forgings, Ring Forgings, Disc Forgings, Guide Vane and Wicket Gate Forgings, Other Structural Forgings

By Application: Fixed-Bottom Offshore Wind Turbines, Floating Offshore Wind Turbines, Offshore Wind Turbine Drivetrains, Offshore Wind Gearboxes, Others

Regional Forecast: Asia Pacific, Latin America, MEA, Europe, North America

Key Players: Euskal Forging, S.A., Scot Forge Company, Somers Forge Ltd., Karl Diederichs GmbH & Co. KG, Forgital Group, The Japan Steel Works, Ltd., Gerdau Summit Aços Fundidos e Forjados S.A., Acciai Speciali Terni S.p.A., Sheffield Forgemasters International Ltd., Jiangyin Hengrun Heavy Industries Co., Ltd., Zhangjiagang Guangda Special Material Co., Ltd., Zhangjiagang Haiguo New Energy Equipment Manufacturing Co., Ltd., Iraeta Energy Equipment Co., Ltd., Zhangjiagang Zhonghuan Hailu High-End Equipment Co., Ltd., Shanxi Jianing Forging Co., Ltd.

Region: Global
Formats: PDF, Excel, Word & PowerPoint
Base year: 2025 · forecast to 2032
Length: 106 pages
Market size 2025
$4.87B
Billion USD
Forecast CAGR
4.7%
2025-2032
Forecast 2032
$6.7B
Projected
Области
5
Asia Pacific · Latin America · MEA · Europe · North America

Обзор

Scope of the Report

The global Forgings for Offshore Wind Power Equipment market size is predicted to grow from US$ 4,867 million in 2025 to US$ 6,714 million in 2032; it is expected to grow at a CAGR of 4.7% from 2026 to 2032.

In 2025, global forgings for offshore wind power equipment production reached approximately 1478 kilotons, the average price is 3200 usd/ton.

Forgings for Offshore Wind Power Equipment are high-integrity steel components manufactured for offshore wind turbine drivetrains, gearbox systems, generators, large bearings, tower connections, fixed-bottom foundations, floating foundations and installation equipment. The products are generally formed from carbon steel, low-alloy high-strength steel, alloy structural steel, carburizing steel or bearing steel through ingot or billet preparation, open-die forging, seamless ring rolling or closed-die forging, followed by controlled heat treatment, nondestructive examination and mechanical machining. Principal product forms include main shafts, hollow shafts, rotor and generator shafts, gearbox shafts, gear blanks, ring gears, planetary components, bearing rings, forged discs, hubs, tower flanges, monopile flanges, transition-piece flanges and other large rings. These components transmit torque, support radial, axial and overturning loads, connect structural sections and maintain dimensional stability under cyclic loading, vibration, low temperature, salt spray and offshore dynamic conditions. Critical specifications include finished weight, outside diameter, length, forging ratio, metallurgical cleanliness, grain size, strength–toughness balance, hardenability, fatigue performance, dimensional tolerances and ultrasonic inspection acceptance level. This study focuses on forgings delivered in as-forged, heat-treated, rough-machined, semi-finished or fully machined condition for fixed-bottom and floating offshore wind projects.

This report presents a comprehensive overview of the global Forgings for Offshore Wind Power Equipment market, covering market size and forecast, segmentation by product type and application, competitive landscape, leading players and regional and country-level outlook.

Segment by Specification

  • haft Forgings
  • Runner and Hub Forgings
  • Ring Forgings
  • Disc Forgings
  • Guide Vane and Wicket Gate Forgings
  • Other Structural Forgings

Segment by Materials

  • Carbon Steel Forgings
  • Low-Alloy High-Strength Steel Forgings
  • Alloy Structural Steel Forgings
  • Carburizing Steel Forgings
  • Other Stainless Steel Forgings

Segment by Structure

  • Open-Die Forgings
  • Rolled Ring Forgings
  • Closed-Die Forgings
  • Near-Net-Shape Forgings

Segment by Application

  • Fixed-Bottom Offshore Wind Turbines
  • Floating Offshore Wind Turbines
  • Offshore Wind Turbine Drivetrains
  • Offshore Wind Gearboxes
  • Others

Who Can Use This Report?

This report is written for decision-makers who need a clear, data-backed view of the global Forgings for Offshore Wind Power Equipment market:

  • Manufacturers, suppliers and solution providers benchmarking their position and planning product, capacity and go-to-market strategy
  • Distributors, channel partners and end users in Fixed-Bottom Offshore Wind Turbines, Floating Offshore Wind Turbines, Offshore Wind Turbine Drivetrains evaluating demand and sourcing options
  • Investors, financial analysts and consultants assessing growth opportunities, competitive dynamics and M&A potential
  • Government agencies, industry associations and research institutions tracking industry developments and policy impact

Market snapshot

Global Forgings for Offshore Wind Power Equipment Market Strategic Research Report snapshot, 2025–2032

Source: Market Research Reports
Market size CAGR 4.7%
Regional growth momentum
Market share by segment
Key metrics
Base value
$4.87B
2025
Forecast
$6.7B
2032
CAGR
4.7%
2025–2032
Области
5
global
Key companies
Euskal Forging, S.A.Scot Forge CompanySomers Forge Ltd.Karl Diederichs GmbH & Co. KGForgital GroupThe Japan Steel Works, Ltd.Gerdau Summit Aços Fundidos e Forjados S.A.Acciai Speciali Terni S.p.A.
© MarketResearchReports.comDisclaimer: The actual data may vary in the final report which undergoes verification check post order confirmation.

Segments covered in this report

By Type
haft ForgingsRunner and Hub ForgingsRing ForgingsDisc ForgingsGuide Vane and Wicket Gate ForgingsOther Structural Forgings
By Application
Fixed-Bottom Offshore Wind TurbinesFloating Offshore Wind TurbinesOffshore Wind Turbine DrivetrainsOffshore Wind GearboxesOthers

Table of contents

Click a chapter to expand
01Executive Summary
02Industry Overview & Forecast
  • 2.1.1 Market Definition and Scope
  • 2.1.2 Market Size and Growth Forecast
  • 2.1.3 Volume Analysis
  • 2.1.4 Segment Outlook by Type
  • 2.1.5 Segment Outlook by Application
  • 2.1.6 Regional Outlook
  • 2.1.7 Structural Developments Shaping the Forecast
  • 2.1.8 Forecast Risks and Sensitivities
03Market Segmentation by Type
  • 3.1 Market Segmentation by Type
  • 3.1.1 Market by Type Overview
  • 3.1.2 haft Forgings
  • 3.1.3 Runner and Hub Forgings
  • 3.1.4 Ring Forgings
  • 3.1.5 Disc Forgings
  • 3.1.6 Guide Vane and Wicket Gate Forgings
  • 3.1.7 Other Structural Forgings
  • 3.1.8 Volume Analysis
04Market Segmentation by Application
  • 4.1 Market Segmentation by Application
  • 4.1.1 Market by Application Overview
  • 4.1.2 Fixed-Bottom Offshore Wind Turbines
  • 4.1.3 Floating Offshore Wind Turbines
  • 4.1.4 Offshore Wind Turbine Drivetrains
  • 4.1.5 Offshore Wind Gearboxes
  • 4.1.6 Others
  • 4.1.7 Volume Analysis
05Regional Market Forecast
  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • Latin America
06Country-Level Market Forecast
  • 6.1 Asia Pacific
  • 6.1.1 China
  • 6.1.2 Japan
  • 6.1.3 Korea
  • 6.1.4 Southeast Asia
  • 6.1.5 India
  • 6.1.6 Australia
  • 6.1.7 Rest of Asia Pacific
  • 6.2 North America
  • 6.2.1 United States
  • 6.2.2 Canada
  • 6.2.3 Mexico
  • 6.2.4 Rest of North America
  • 6.3 Europe
  • 6.3.1 Germany
  • 6.3.2 France
  • 6.3.3 UK
  • 6.3.4 Italy
  • 6.3.5 Russia
  • 6.3.6 Rest of Europe
  • 6.4 Middle East & Africa
  • 6.4.1 Egypt
  • 6.4.2 South Africa
  • 6.4.3 Israel
  • 6.4.4 Turkey
  • 6.4.5 GCC Countries
  • 6.4.6 Rest of Middle East & Africa
  • 6.5 Latin America
  • 6.5.1 Brazil
  • 6.5.2 Rest of Latin America
07Growth Drivers & Inhibitors
  • 7.1 Growth Drivers & Inhibitors
  • 7.1.1 Section Overview
  • 7.1.2 Growth Drivers
  • 7.1.3 Growth Inhibitors
  • 7.1.4 Driver and Inhibitor Impact Assessment
  • 7.1.5 Analyst Perspective
08Key Company Profiles
  • 8.1 Euskal Forging, S.A.
  • 8.1.1 Company Overview
  • 8.1.2 Key Products & Segments
  • 8.1.3 Financial Performance (2023–2025)
  • 8.1.4 Business Strategy
  • 8.1.5 SWOT Analysis
  • 8.1.6 Strategic Implications (2026–2032)
  • 8.2 Scot Forge Company
  • 8.2.1 Company Overview
  • 8.2.2 Key Products & Segments
  • 8.2.3 Financial Performance (2023–2025)
  • 8.2.4 Business Strategy
  • 8.2.5 SWOT Analysis
  • 8.2.6 Strategic Implications (2026–2032)
  • 8.3 Somers Forge Ltd.
  • 8.3.1 Company Overview
  • 8.3.2 Key Products & Segments
  • 8.3.3 Financial Performance (2023–2025)
  • 8.3.4 Business Strategy
  • 8.3.5 SWOT Analysis
  • 8.3.6 Strategic Implications (2026–2032)
  • 8.4 Karl Diederichs GmbH & Co. KG
  • 8.4.1 Company Overview
  • 8.4.2 Key Products & Segments
  • 8.4.3 Financial Performance (2023–2025)
  • 8.4.4 Business Strategy
  • 8.4.5 SWOT Analysis
  • 8.4.6 Strategic Implications (2026–2032)
  • 8.5 Forgital Group
  • 8.5.1 Company Overview
  • 8.5.2 Key Products & Segments
  • 8.5.3 Financial Performance (2023–2025)
  • 8.5.4 Business Strategy
  • 8.5.5 SWOT Analysis
  • 8.5.6 Strategic Implications (2026–2032)
  • 8.6 The Japan Steel Works, Ltd.
  • 8.6.1 Company Overview
  • 8.6.2 Key Products & Segments
  • 8.6.3 Financial Performance (2023–2025)
  • 8.6.4 Business Strategy
  • 8.6.5 SWOT Analysis
  • 8.6.6 Strategic Implications (2026–2032)
  • 8.7 Gerdau Summit Aços Fundidos e Forjados S.A.
  • 8.7.1 Company Overview
  • 8.7.2 Key Products & Segments
  • 8.7.3 Financial Performance (2023–2025)
  • 8.7.4 Business Strategy
  • 8.7.5 SWOT Analysis
  • 8.7.6 Strategic Implications (2026–2032)
  • 8.8 Acciai Speciali Terni S.p.A.
  • 8.8.1 Company Overview
  • 8.8.2 Key Products & Segments
  • 8.8.3 Financial Performance (2023–2025)
  • 8.8.4 Business Strategy
  • 8.8.5 SWOT Analysis
  • 8.8.6 Strategic Implications (2026–2032)
  • 8.9 Sheffield Forgemasters International Ltd.
  • 8.9.1 Company Overview
  • 8.9.2 Key Products & Segments
  • 8.9.3 Financial Performance (2023–2025)
  • 8.9.4 Business Strategy
  • 8.9.5 SWOT Analysis
  • 8.9.6 Strategic Implications (2026–2032)
  • 8.10 Jiangyin Hengrun Heavy Industries Co., Ltd.
  • 8.10.1 Company Overview
  • 8.10.2 Key Products & Segments
  • 8.10.3 Financial Performance (2023–2025)
  • 8.10.4 Business Strategy
  • 8.10.5 SWOT Analysis
  • 8.10.6 Strategic Implications (2026–2032)
  • 8.11 Zhangjiagang Guangda Special Material Co., Ltd.
  • 8.11.1 Company Overview
  • 8.11.2 Key Products & Segments
  • 8.11.3 Financial Performance (2023–2025)
  • 8.11.4 Business Strategy
  • 8.11.5 SWOT Analysis
  • 8.11.6 Strategic Implications (2026–2032)
  • 8.12 Zhangjiagang Haiguo New Energy Equipment Manufacturing Co., Ltd.
  • 8.12.1 Company Overview
  • 8.12.2 Key Products & Segments
  • 8.12.3 Financial Performance (2023–2025)
  • 8.12.4 Business Strategy
  • 8.12.5 SWOT Analysis
  • 8.12.6 Strategic Implications (2026–2032)
  • 8.13 Iraeta Energy Equipment Co., Ltd.
  • 8.13.1 Company Overview
  • 8.13.2 Key Products & Segments
  • 8.13.3 Financial Performance (2023–2025)
  • 8.13.4 Business Strategy
  • 8.13.5 SWOT Analysis
  • 8.13.6 Strategic Implications (2026–2032)
  • 8.14 Zhangjiagang Zhonghuan Hailu High-End Equipment Co., Ltd.
  • 8.14.1 Company Overview
  • 8.14.2 Key Products & Segments
  • 8.14.3 Financial Performance (2023–2025)
  • 8.14.4 Business Strategy
  • 8.14.5 SWOT Analysis
  • 8.14.6 Strategic Implications (2026–2032)
  • 8.15 Shanxi Jianing Forging Co., Ltd.
  • 8.15.1 Company Overview
  • 8.15.2 Key Products & Segments
  • 8.15.3 Financial Performance (2023–2025)
  • 8.15.4 Business Strategy
  • 8.15.5 SWOT Analysis
  • 8.15.6 Strategic Implications (2026–2032)
09Competitive Landscape
  • 9.1 Competitive Landscape Overview
  • 9.2 Competitive Intensity Assessment
  • 9.3 Key Player Strategies & Positioning
  • 9.4 Competitive Dynamics & Strategic Outlook
  • 9.4.1 Emerging Competitive Threats
  • 9.4.2 Consolidation vs. Fragmentation Outlook
  • 9.4.3 Competitive Response Matrix
  • 9.4.4 Strategic Recommendations, 2026–2032
10Porter's Five Forces Analysis
  • 10.1 Threat of New Entrants
  • 10.2 Bargaining Power of Buyers
  • 10.3 Bargaining Power of Suppliers
  • 10.4 Threat of Substitutes
  • 10.5 Competitive Rivalry
11PESTLE Analysis
  • 11.1 Political
  • 11.2 Economic
  • 11.3 Social and Demographic
  • 11.4 Technological
  • 11.5 Legal and Regulatory
  • 11.6 Environmental
  • 11.7 Strategic Implications of the PESTLE Assessment
12SWOT Analysis
13Future Trends & Outlook
  • 13.1 Future Trends & Outlook
  • 13.1.1 Trend Summary and Commercial Maturity Assessment
  • 13.1.2 Technology and Innovation Trends
  • 13.1.3 Long-Term Market Outlook
  • 13.1.4 Investment & M&A Activity Outlook
  • 13.1.5 Overall Outlook Assessment

Frequently asked questions

What is the size of the global Forgings for Offshore Wind Power Equipment market?
The global Forgings for Offshore Wind Power Equipment market is estimated at US$ 4.87 billion in 2025 (base year) and is projected to reach US$ 6.71 billion by 2032.
What is the forecast CAGR for the Forgings for Offshore Wind Power Equipment market?
The market is expected to grow at a CAGR of 4.7% from 2026 to 2032, expanding from US$ 4.87 billion in 2025 to US$ 6.71 billion in 2032, roughly 1.4 times its base-year value.
What is Forgings for Offshore Wind Power Equipment?
In 2025, global forgings for offshore wind power equipment production reached approximately 1478 kilotons, the average price is 3200 usd/ton.
What are the main segments of the Forgings for Offshore Wind Power Equipment market by specification?
By specification, the market is segmented into haft Forgings, Runner and Hub Forgings, Ring Forgings, Disc Forgings, Guide Vane and Wicket Gate Forgings and Other Structural Forgings.
Which applications drive demand in the Forgings for Offshore Wind Power Equipment market?
Key applications covered include Fixed-Bottom Offshore Wind Turbines, Floating Offshore Wind Turbines, Offshore Wind Turbine Drivetrains, Offshore Wind Gearboxes and Others.
Who are the key players in the Forgings for Offshore Wind Power Equipment market?
Key players profiled include Euskal Forging, S.A., Scot Forge Company, Somers Forge Ltd., Karl Diederichs GmbH & Co. KG, Forgital Group, The Japan Steel Works, Gerdau Summit Aços Fundidos e Forjados S.A. and Acciai Speciali Terni S.p.A., among 15 companies covered in total.
Which regions and countries are covered for Forgings for Offshore Wind Power Equipment?
The market is analysed across Asia Pacific, North America, Europe, Middle East & Africa and Latin America, with 20 country-level markets including China, Japan, United States, Canada, Germany, France, Egypt and South Africa.
Who should buy the Forgings for Offshore Wind Power Equipment market report?
The report is intended for manufacturers and solution providers, distributors and end users in Fixed-Bottom Offshore Wind Turbines, Floating Offshore Wind Turbines and Offshore Wind Turbine Drivetrains, investors and consultants, and government or industry bodies who need market size, segmentation, competitive and regional data for the Forgings for Offshore Wind Power Equipment market.
What license options are available for this report?
The report is available as a Single User License (US$ 3,500, one named user), a Site License (US$ 5,250, up to 10 users) and a Global / Corporate License (US$ 7,000, unlimited users), all delivered in PDF format.

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