Press release
What Are the Key Opportunities and Trends Shaping the Future of the Global Isothermal Forging Market (2025-2034)?
Isothermal Forging Market
The global isothermal forging market reached a value of nearly $9.02 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.13% since 2019. The market is expected to grow from $9.02 billion in 2024 to $12.23 billion in 2029 at a rate of 6.29%. The market is then expected to grow at a CAGR of 6.48% from 2029 and reach $16.75 billion in 2034.
What are the upcoming opportunities in the global isothermal forging market?
The key players in the market are adopting extensive strategies in the isothermal forging market such as:
• Focus on strategic investments to expand production capabilities.
• Focus on enhancing technological advancements.
• Focus on strengthening market position.
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To take advantage of the opportunities, The Business Research Company recommends that isothermal forging companies focus on:
• Focus on developing innovative and advanced technologies, such as vacuum technology, to enhance the quality and precision of forged components by minimizing contamination and improving material properties.
• Focus on developing strategic partnerships to enhance technological capabilities, expand market reach, and improve production efficiency.
• Focus on strategic investments to expand production capabilities, enhance technological advancements, and strengthen market position.
What is isothermal forging: market definition?
Isothermal forging refers to a metal-forming process in which a heated metal billet is forged using a die that is held at a constant temperature during the forging process. This process is used to produce complex parts with tight tolerances and high strength requirements.
The main types of isothermal forging raw materials are carbon steel metal forging, alloy steel metal forging, aluminum metal forging, magnesium metal forging, stainless steel metal forging, titanium metal forging, and others. Carbon steel metal forging refers to the manufacturing process that involves shaping and forming carbon steel into various shapes using compressive forces, such as hammering, pressing, or rolling. These are used in various processes, such as conduction heating and induction heating, and are used by several end-use verticals, such as aerospace and defense, agriculture equipment, automotive, construction and mining equipment and components, electrical and electronic, energy and power, industrial and manufacturing, marine and rail, and oil and gas.
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Who are the major companies operating in the global isothermal forging market?
The global isothermal forging market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 21.1% of the total market in 2023. Allegheny Technologies Incorporated (ATI). was the largest competitor with a 7.01% share of the market, followed by:
• Precision Castparts Corp.
• Larsen & Toubro Ltd.
• Bharat Forge Ltd.
• Aubert and Duval.
• Andritz AG (Schuler AG).
• Anchor-Harvey Components LLC
• ALD Vacuum Technologies Pvt.
• CFS Forge
• H C Starck Solutions Services Inc.
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