Press release
Global Isothermal Forging Market Report 2025: Growth-Driven by Automotive Demand with $9.57 Billion Expected Market Size in 2025; Advancing at a 6.2% CAGR
Isothermal Forging Market
What Is The Projected Market Size Of The Isothermal Forging Global Market Report 2025 And Its Growth Rate?
The isothermal forging market has exhibited steady expansion recently.
• Market size was $9.02 billion in 2024 and is projected to reach $9.57 billion in 2025, advancing at a compound annual growth rate (CAGR) of 6.2%.
• By 2029, the market is expected to escalate to $12.47 billion, growing at a 6.8% CAGR.
Key factors fueling this growth include an increased demand in the automotive sector, advancements in materials, and cost efficiency. Environmental considerations and requirements in the energy sector and consumer electronics also play a significant role in market growth.
What Is Driving The Growth In The Isothermal Forging Global Market Report 2025?
The surge in automobile demand is driving growth in the isothermal forging market. Automobiles, typically four-wheeled vehicles with combustion engines intended for passenger or commercial use on land, rely heavily on the isothermal forging process. Isothermal forging is crucial for producing high-performance, intricate parts that necessitate high precision, durability, and strength. Therefore, the expanding automobile demand enhances the isothermal forging market's growth. As of March 2024, according to the European Automobile Manufacturers Association, the EU car market had experienced solid growth in 2023, expanding by 13.9% compared to 2022, reaching a total of 10.5 million units.
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Who Are the Key Players Driving Isothermal Forging Global Market Report 2025 Growth?
Major players in the isothermal forging market include:
• Anchor-Harvey Components LLC
• Arconic Corp.
• ATI Forged Inc.
• Bharat Forge Ltd.
• CFS Forge
• H C Starck Solutions Services Inc.
• Larsen & Toubro Ltd.
• Schuler Group
• Trenton Forging Company
• Pratt & Whitney, Alcoa Corporation
• ALD Vacuum Technologies Pvt. Ltd.
What Are The Key Trends In The Isothermal Forging Global Market Report 2025?
Key trends in the forecast period include:
• Sustainability and recycling
• Advancements in MIM equipment
• Customization and personalization
• Quality control and certification
• 3D printing integration
What Are The Segments Of The Global Isothermal Forging Global Market Report 2025?
The isothermal forging market is segmented as follows:
• By Raw Material: Carbon Steel Metal Forging, Alloy Steel Metal Forging, Aluminum Metal Forging, Magnesium Metal Forging, Stainless Steel Metal Forging, Titanium Metal Forging, Other Raw Material Metal Forging
• By Processes: Conduction heating, Induction heating
• By End Use Vertical: Aerospace And Defense, Agriculture Equipment, Automotive, Construction And Mining Equipment And Components, Electrical And Electronic, Energy And Power, Industrial And Manufacturing, Marine And Rail, Oil And Gas
Which Region Leads The Isothermal Forging Global Market Report 2025?
Asia-Pacific was the largest region in the isothermal forging market in 2024. The market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Isothermal Forging Global Market Report 2025 Global Market Report?
• Market Size Analysis: Analyze the Isothermal Forging Global Market Report 2025 size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Isothermal Forging Global Market Report 2025 for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Isothermal Forging Global Market Report 2025 growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the 5G Chipset Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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