Metal Forging Market Report 2023 - Trends, Size, Growth And Outlook 2032 | Arconic Corporation, Allegheny Technologies Incorporated (ATI), Bharat Forge Ltd., Ellwood Group Inc., China First Heavy Industries

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Metal Forging Market Size, Growth Rate, And Forecast

The global metal forging market size is expected to grow from $87.88 billion in 2022 to $94.74 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global metal forging market size is expected to reach $123.11 billion in 2027 at a CAGR of 6.7%.

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Metal Forging Market Drivers

The rise in the construction industry is expected to propel the growth of the metal forging market going forward. Construction refers to building, modifying, repairing, remodeling, enhancing, or destroying a public infrastructure facility, including any public structure, public building, or other public improvements of any type to real estate.

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Metal Forging Market Segments

1. By Type: Closed-Die Forging, Open-Die Forging, Ring Rolling.
2. By Raw Material: Carbon Steel, Alloy Steel, Aluminum, Magnesium, Stainless Steel, Titanium, Other Raw Materials.
3. By End-User: Automotive, Defense And Aerospace, Shipbuilding, Power Industry, Oil And Gas, Other End User.
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Metal Forging market.

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Metal Forging Market Key Players

Major competitors in the metal forging market include Arconic Corporation, Allegheny Technologies Incorporated (ATI), Bharat Forge Ltd., Ellwood Group Inc., China First Heavy Industries, Thyssenkrupp, Bruck GmbH.

The Business Research Company's "Global Metal Forging Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Metal Forging Market Include:

1. Executive Summary
2. Metal Forging Market Characteristics
3. Metal Forging Market Trends And Strategies
4. Metal Forging Market - Macro Economic Scenario
5. Metal Forging Market Size And Growth
……
26. Africa Metal Forging Market
27.Metal Forging Market Competitive Landscape And Company Profiles
28.28. Key Mergers And Acquisitions In The Metal Forging Market
29. Metal Forging Market Future Outlook and Potential Analysis
30. Appendix

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