Metal Forging Market was valued at USD 95.84 Bn in 2022 and is expected to reach USD 147.00 Bn by 2029 at a CAGR of 6.3% over the forecast period 2023-2029.

Metal Forging Market Report Scope and Research Methodology:

The report provides a detailed analysis of the impact of the COVID-19 pandemic on the Global Metal Forging Market, examining regional variations and assessing the revenue of key players affected until April 2022. It also offers insights into the expected short-term and long-term impacts on the market.

Our comprehensive report employs a robust research methodology, including a thorough analysis of COVID-19 impacts by region and on key players. The report also delves into market dynamics, drivers, restraints, and regional insights to provide a holistic view of the Metal Forging Market.

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Metal Forging Market Dynamics:

Metal forging, a fundamental process shaping workpieces through compressive forces, has evolved from crafting jewelry and coins to producing vital components for various industries. The report highlights the increasing demand for forged parts in the automotive, aerospace, and nuclear power sectors, driving global market growth. However, challenges include high demand for steel and competition from countries offering lower-priced forged products.

Metal Forging Market Regional Analysis:

APAC Dominates: APAC is anticipated to hold a significant market share over the forecast period, driven by China's robust manufacturing sector development. China, the world's largest producer and consumer of forged products, benefits from government support for aluminum forged components production.

North America and Europe: North America is poised to secure a substantial market share due to rising demand for metal forging in the automotive and aerospace sectors. However, recent tariffs and anti-dumping laws may impact the industry.

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Metal Forging Market Segmentation:

by Process

Open-die Forging
Closed die
Blocker
Conventional
Precision

by Raw Material

Carbon Steel
Alloy steel
Aluminium
Magnesium
Stainless Steel
Titanium
Others

by Application

Automotive
Aerospace
Oil & Gas
Construction
Agriculture
Others

Metal Forging Market Key Players:

1.Bruck GmbH
2.Larsen & Toubro (L&T) Limited
3.Bharat Forge Ltd.
4.China First Heavy Industries
5.ELLWOOD Group Inc.
6.Arconic
7.ATI
8.Bharat Forge Ltd
9.Japan Casting & Forging Corp
10.Scot Forge
11.Nippon Steel Corporation
12.Aichi Steel Corporation
13.Allegheny Technologies Inc.
14.American Axle & Manufacturing Inc.
15.ThyssenKrupp AG
16.L&T Special Steel and Heavy Forgings
17.All Metals & Forge Group
18.Schuler AG
19.Hilton Metal Forging Ltd.

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Table of content for the Metal Forging Market includes:

1. Global Metal Forging Market: Research Methodology

2. Global Metal Forging Market: Executive Summary

Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

3. Global Metal Forging Market: Competitive Analysis

MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

4. Company Profile: Key players

Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

COVID-19 Impact Analysis on Metal Forging Market:

The impact of COVID-19 pandemic on Metal Forging market has also been included in the report.

Key Questions Answered in the Metal Forging Market Report are:

Which are the prominent players in the Metal Forging market?
What key trends are likely to emerge in the Metal Forging market in the coming years?
What will be the Metal Forging market size by 2029?
Which company held the largest share in the Metal Forging market?

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