openPR Logo
Press release

Metal Forging Market Expanding at a CAGR of 6.7% During 2023-2028

05-11-2023 02:30 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: IMARC Group

Metal Forging Market

Metal Forging Market

According to IMARC Group latest report titled "Metal Forging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on metal forging market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global metal forging market is expected to exhibit a growth rate (CAGR) of 6.7% during 2023-2028.

Metal forging is a process in which metal is shaped by applying pressure and heat to alter its shape and properties. The process involves heating the metal to a high temperature and applying a compressive force to it using a forging press or hammer. This causes the metal to deform and take on the desired shape. It produces many components, from small parts such as bolts and screws to large components such as turbine blades and crankshafts. It is often used in automotive, aerospace, and construction industries due to forged metal components' high strength and durability.

Get a Free Sample Copy of this Report: https://www.imarcgroup.com/metal-forging-market/requestsample

Market Trends:

The global market is majorly driven by the increasing demand from the automotive and aerospace industries. In line with this, the rising construction activities are significantly contributing to the demand for metal forging. Furthermore, the energy and power sector also uses metal forgings for critical components in power generation equipment, transmission, and distribution systems. The expansion of this sector is stimulating the market. Apart from this, the growing demand for renewable energy and the emergence of electric vehicles are catalyzing the market. With the rise of industrial automation, the need for high-precision, complex-shaped metal components is accelerating, which can be produced through metal forging. This, in turn, is propelling the market. Besides, the rapid adoption of additive manufacturing and the escalating demand for defense and military equipment are strengthening the market. Additionally, the increasing consumer goods manufacturing and the rising demand for high-performance materials, such as titanium and nickel alloys, are providing a boost to the market.

Explore Full Report with Table of Contents: https://www.imarcgroup.com/metal-forging-market

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Arconic Corp.
• ATI
• Bharat Forge Ltd.
• Bruck GmbH
• China First Heavy Industries
• Ellwood Group Inc.
• Jiangyin Hengrun Heavy Industries Co. Ltd.
• Nippon Steel Corp.
• Precision Castparts Corp.
• Kovárna Viva
• Larsen & Toubro Limited
• Scot Forge
• Thyssenkrupp AG

Metal Forging Market Segmentation:

Our report has categorized the market based on region, raw material and application.

Breakup by Raw Material:
• Carbon Steel
• Alloy Steel
• Aluminum
• Magnesium
• Stainless Steel
• Titanium
• Others

Breakup by Application:
• Automotive
• Aerospace
• Oil and Gas
• Construction
• Agriculture
• Others

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Browse Other Reports of IMARC Group:

Antibiotics Market: https://www.imarcgroup.com/antibiotics-market

Micromachining Market: https://www.imarcgroup.com/micromachining-market

Maternity Innerwear Market: https://www.imarcgroup.com/maternity-innerwear-market

Home Audio Equipment Market: https://www.imarcgroup.com/home-audio-equipment-market

Mobile Mapping Market: https://www.imarcgroup.com/mobile-mapping-market

Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe:- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Metal Forging Market Expanding at a CAGR of 6.7% During 2023-2028 here

News-ID: 3050469 • Views:

More Releases from IMARC Group

GCC Pet Food Market Size is Expected to Reach USD 422.9 Million By 2033 | CAGR: 5.3%
GCC Pet Food Market Size is Expected to Reach USD 422.9 Million By 2033 | CAGR: …
GCC Pet Food Market Overview Market Size in 2024: USD 266.2 Million Market Size in 2033: USD 422.9 Million Market Growth Rate 2025-2033: 5.3% According to IMARC Group's latest research publication, "GCC Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC pet food market size was valued at USD 266.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 422.9 Million by 2033, exhibiting a
GCC Residential Real Estate Market Size to Worth USD 147.77 Billion by 2033 | With a 7.50% CAGR
GCC Residential Real Estate Market Size to Worth USD 147.77 Billion by 2033 | Wi …
GCC Residential Real Estate Market Overview Market Size in 2024: USD 73.31 Billion Market Size in 2033: USD 147.77 Billion Market Growth Rate 2025-2033: 7.50% According to IMARC Group's latest research publication, "GCC Residential Real Estate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC residential real estate market size was valued at USD 73.31 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 147.77 Billion by
GCC Drones Market Size to Surpass USD 2,005.3 Million by 2033 | With a 13.3% CAGR
GCC Drones Market Size to Surpass USD 2,005.3 Million by 2033 | With a 13.3% CAG …
GCC Drones Market Overview Market Size in 2024: USD 588.2 Million Market Size in 2033: USD 2,005.3 Million Market Growth Rate 2025-2033: 13.3% According to IMARC Group's latest research publication, "GCC Drones Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The GCC drones market size was valued at USD 588.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 2,005.3 Million by 2033, exhibiting a growth rate of
Medical Imaging Market to Surpass USD 70.8 Billion by 2033, at a CAGR of 5.03%
Medical Imaging Market to Surpass USD 70.8 Billion by 2033, at a CAGR of 5.03%
Market Overview: The medical imaging market is experiencing rapid growth, driven by Growing Burden of Chronic and Age-Related Diseases, Expansion of Government-Funded Health Infrastructure and Technological Advancements in Imaging Modalities. According to IMARC Group's latest research publication, "Medical Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The global medical imaging market size reached USD 44.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach

All 5 Releases


More Releases for Metal

Metal Roofing Companies Revolutionizing the Industry: Classic Metal Roofs Leads …
Classic Metal Roofs has established itself as a leading provider of durable and energy-efficient roofing systems in Southern New England. With over 20 years of experience, the company is known for high-quality installations, customer satisfaction, and sustainable metal roofing solutions. As homeowners increasingly seek durable and energy-efficient solutions, metal roofing companies continue to provide top-tier roofing systems. Among the industry leaders, Classic Metal Roofs [http://business.bigspringherald.com/bigspringherald/markets/article/abnewswire-2025-2-15-classic-metal-roofs-expert-aluminum-shingle-metal-roof-installation-and-services/] stands out for its commitment to
Rare Metal Raw Materials - Boron(B) Metal
Boron Powder [https://www.urbanmines.com/boron-powder-product/] Short Description: Boron [,%20a%20chemical%20element%20with%20the%20symbol%20B%20and%20atomic%20number%205,%20is%20a%20black/brown%20hard%20solid%20amorphous%20powder.%20It%20], a chemical element with the symbol B and atomic number 5, is a black/brown hard solid amorphous powder. It is highly reactiveand soluble in concentrated nitric and sulfuric acids but insoluble in water, alcohol and ether. It has a high neutro absorption capacity. UrbanMines specializes in producing high purity Boron Powder with the smallest possible average grain sizes. Our standard powderparticle sizes average in the
Metal Polishing Services Market Trends and Leading Players 2023-2030 | Metal Pol …
With a CAGR of 6.1%, the Metal Polishing Services Market is expected to grow from USD 1.5 billion in 2023 to USD 2.3 billion by 2030, offering a gleaming finish to metal surfaces for aesthetic and functional purposes. Market Overview: The Metal Polishing Services market is poised for rapid growth, driven by several pivotal drivers. There is a continuous demand for metal finishing and polishing services that improve the appearance and
Metal Polishing Services Market Research Report 2020 Analysis: Enhanced Growth a …
Metal Polishing Services Market Global Metal Polishing Services Market is providing the summarized study of several factors encouraging the growth of the market such as manufacturers, market size, type, regions and numerous applications. By using the report consumer can recognize the several dynamics that impact and govern the market. For any product, there are several companies playing their role in the market, some new, some established and some are planning to
Worldwide Recycled Metal Market By Metal 2024 | Nucor, Steel Dynamics, Schnitzer …
The 2018-2024 report on global Recycled Metal market explores the essential factors of Recycled Metal industry covering current scenario, market demand information, coverage of active companies and segmentation forecasts. North America recycled metal market was estimated close to USD 8.5 billion in 2017. This is mainly attributed to strong presence of transportation, electrical & electronics and defense industry which majorly constitute to the overall product demand. Moreover, strict laws formulated
Recycled Metal Market By Metal 2018-2024 Top Key Players like Sims Metal Managem …
MarketStudyReport.com Adds New Recycled Metal Market 2018 – 2024 research report providing information and data By Metal, By End-user, Industry Analysis, Regional Outlook, Application Growth Potential, Trends, Competitive Market Share & Forecast spreading across 323 Pages with table and figures in it. Players operating in the global Recycled Metal market include Sims Metal Management, Steel Dynamics, Novelis Inc., Triple M Metal LP., Armco Metal Holdings, Kuusakoski Recycling, Befeso, Schnitzer Steel, Hawkeswood