Transforming the Forged And Stamped Goods Market in 2025: Defence Budgets And Commercial Aviation Increases Forged Metal Component Demand

What Is the Expected Size and Growth Rate of the Forged And Stamped Goods Market?
The market for forged and stamped goods has seen robust growth in the past few years. The industry, valued at $317.16 billion in 2024, is projected to expand to $337.01 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.3%. Factors contributing to this growth during the historic period include industrial expansion, fluctuating raw material costs, advancements in technology, and environmental policies.

The market for forged and stamped goods is projected to experience consistent expansion in the coming years, rising to a value of $404.5 billion in 2029, with a compound annual growth rate (CAGR) of 4.7%. Growth during the forecast period can be linked to sectors such as infrastructure development, the automotive industry, aerospace and defense, and renewable energy. Predicted trends for the forecast period encompass electrification and lightweighting, the application of advanced materials, practice of additive manufacturing, digitalization and connectivity, and the establishment of collaborations and partnerships.

What Factors Are Fueling Growth in the Forged And Stamped Goods Market?
Anticipated expansion in aircraft manufacturing demand, fueled by the burgeoning requirements for international and domestic air travel as well as growing government defence spending, is predicted to propel the need for forged and stamped products. Numerous nations are augmenting their defence budgets to enhance their capacity to deal with international emergencies, incorporating cutting-edge technology in various categories like ammunition, aircraft and helicopters for emergency readiness. For instance, the US President, in January 2023, sought $772 billion for the defence department. Future projections of the Department of Defence's budget in the 2023 Future Years Defence Program (FYDP) anticipate a rise of 1.5 percent, amounting to $784 billion in 2024. The growth in defence budgets and the manufacturing volumes of commercial aircraft are anticipated to intensify the demand for forged metal parts during the forecast period, thereby accelerating the overall market for forged and stamped goods.

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Which Leading Companies Are Shaping the Growth of the Forged And Stamped Goods Market?
Major companies operating in the forged and stamped goods market include ArcelorMittal S.A., Berkshire Hathaway Inc., Thyssenkrupp AG, American Axle & Manufacturing Inc., Kobe Steel Ltd., Bharat Forge Limited, Illinois Tool Works Inc, Fine Sinter Co. Ltd., CITIC Heavy Industries Co.Ltd., Allegheny Technologies Incorporated, PCC Structurals Inc., Smith & Wesson Precision Components (SWPC), CAB Worldwide, Ferralloy Inc., McKees Rocks Forgings Inc., All Metals & Forge Group LLC, Source International, The Federal Group USA, Atlas Bronze, Ken Forging Inc., Cornell Forge Co., MES Inc, Precision Castparts, Ellwood Group, Scot Forge, Anchor Harvey, SIFCO Industries Inc., Queen City Forging Company, Walker Forge Tennessee LLC, Weldaloy Products Company, Sintavia LLC, Sintex A/S, Bourdon Forge Company, Moline Forge, Patriot Forge Co., GMP Metal Products, Peerless Industrial Group, Carpathian Industries LLC, Forge Resources Group.

What Are the Major Trends Shaping the Forged And Stamped Goods Market?
Leading players in the forged and stamped goods sector are concentrating on creating innovative products like high-strength forged items to satisfy the rising need for robust and lightweight materials across various industries. High-strength forged items are parts produced through the forging method, featuring improved mechanical characteristics such as increased tensile strength and resistance to deformation. For example, Hilton Metal Forging Ltd., an iron and steel forging company from India, introduced wagon axles for railway wagons in June 2024. Boasting an annual production capacity of 48,000 wheels, the new product is poised to fill the growing need in the railway industry at a time of limited supply. The wagon axles are designed to comply with rigorous quality benchmarks, thus confirming their sturdiness and dependability for secure and efficient merchandise shipping. This product introduction is part of HiltonMetal's broader initiative to reinforce its position in the Indian railway market, which includes plans to arrange financing for production expansion. By using superior forging procedures, the firm increases the resilience and efficiency of these axles, making them ideal for substantial railway weights.

What Are the Key Segments of the Forged And Stamped Goods Market?
The forged and stamped goods market covered in this report is segmented -

1) By Type: Iron and Steel Forged Goods, Nonferrous Forged Goods, Custom Roll Formed Goods, Powder Metallurgy Parts, Metal Crown, Closure, and Other Metal Stamped Goods
2) By End User Industry: Automotive, Construction, Food and Beverage Packaging, Machinery, Metal Products, Other End User Industries

Subsegments:
1) By Iron And Steel Forged Goods: Carbon Steel Forgings, Alloy Steel Forgings, Stainless Steel Forgings, Tool Steel Forgings
2) By Nonferrous Forged Goods: Aluminum Forgings, Copper Forgings, Brass Forgings, Titanium Forgings, Nickel-Based Alloy Forgings
3) By Custom Roll Formed Goods: Structural Shapes (Channels, Angles), Rails And Beams, Custom Profiles (Unique Shapes For Specific Applications)
4) By Powder Metallurgy Parts: Iron-Based Powder Metallurgy Parts, Non-Ferrous Powder Metallurgy Parts, Stainless Steel Powder Metallurgy Parts
5) By Metal Crown: Aluminum Metal Crowns, Steel Metal Crowns, Plastic Coated Metal Crowns
6) By Closure: Metal Closures (Bottle Caps, Cans), Plastic Closures, Composite Closures
7) By Other Metal Stamped Goods: Automotive Metal Stamped Parts, Industrial Metal Stamped Parts, Electrical Metal Stamped Parts, Consumer Goods Metal Stamped Parts

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Which Region Dominates the Forged And Stamped Goods Market?
Asia-Pacific was the largest region in the forged and stamped goods market in 2023. Western Europe was the second-largest region in the forged and stamped goods market. The regions covered in the forged and stamped report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

What Is Covered In The Forged And Stamped Goods Global Market Report?

- Market Size Analysis: Analyze the Forged And Stamped Goods Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Forged And Stamped Goods Market 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 Forged And Stamped Goods Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Forged And Stamped Goods Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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