2022 Forged and Stamped Goods Market Size, Growth, Trends and Global Industry Analysis

The global forged and stamped goods market was worth $255.43 billion in 2018, accounting for 0.31% of the gross world product (GWP) and at a compound annual growth rate (CAGR) of more than 5.6% since 2014.

Growth in the historic period resulted from high demand from the automobile manufacturing industries and economic growth in emerging economies. Factors that negatively affected growth in the historic period were volatile metal prices and unsteady demand from the machinery manufacturing industries.

Going forward, government initiatives and growing demand from the aerospace and defense industries will drive growth. Factors that could hinder the growth of this market in the future include an expected rise in interest rates, reductions in free trade and increasing availability of alternative products.

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The top opportunities in the global forged and stamped goods market will arise in the powder metallurgy and part manufacturing segment which will gain $29.9 billion of global annual sales by 2022. Also, the top opportunities in this market will arise in the automotive end use industry which will gain $42.3 billion of global annual sales by 2022. The forged and stamped goods market size will gain the most in China at $41.1 billion. Market-trend-based strategies for the forged and stamped goods market include implementation of technologies in the manufacturing processes, integration of 3D technology to enhance products, and adoption of automation to improve manufacturing process and save time and costs for the forged and stamped goods manufacturers.

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The forged and stamped goods market is segmented by product type, by end use Industry, and by geography.

By Product Type – The forged and stamped goods market can be segmented by product type into
a) Iron and Steel Forging
b) Nonferrous Forging
c) Custom Roll Forging
d) Powder Metallurgy Part Manufacturing
e) Metal Crown, Closure, And other Metal Stamping

By End Use Industry - The forged and stamped goods market can be segmented by the end use Industry into
a) Automotive
b) Construction
c) Food& Beverages Packaging
d) Machinery
e) Metal Products
f) Others

By Geography - The forged and stamped goods market can be segmented by the geography into
a) Asia Pacific
b) North America
c) South America
d) Western Europe
e) Eastern Europe
f) The Middle East
g) Africa

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