金属鍛造市場レポート：動向、予測、競合分析 (2031年まで)

世界の金属鍛造市場の将来は、輸送、航空宇宙、石油・ガス、建設、農業、発電、海洋市場における機会で有望に見えます。世界の金属鍛造市場は、2025年から2031年までのCAGRが7.2%で、2031年までに推定1,199億米ドルに達すると予想されます。この市場の主な促進要因は、航空宇宙産業からの金属鍛造部品需要の拡大、軽量・高強度材料の重視の高まり、世界のフライヤー数の拡大です。

• Lucintelの予測では、原材料別では炭素鋼が、手頃な価格で広く入手可能なことから、油田や自動車用途で多く使用されているため、予測期間中も最大セグメントであり続けます。
• 用途別では、信頼性、強度、耐久性など多くの利点を持つ金属鍛造がこの分野で多く使用されているため、自動車が最大セグメントであり続けると思われます。
• 地域別では、アジア太平洋が空港・鉄道線路・橋梁の建設への支出が増加しているため、予測期間中最大の地域であり続けると思われます。

金属鍛造市場の戦略的成長機会

高性能材料への需要の急速な高まり、技術の進歩、産業全体の持続可能性の動向は、金属鍛造品のさまざまな用途に大きなビジネスの可能性を生み出しています。これらの機会を見極め、活用することにより、企業は市場での存在感を高め、持続可能な長期的成長を達成することができます。本セクションでは、金属鍛造品市場における5つの主要な成長機会について、それらが業界に与える潜在的影響に焦点を当てながら概説します。

• 航空宇宙用途：航空宇宙産業は、金属の鍛造市場に大きな成長機会をもたらします。高度な合金を作り出し、精密な鍛造技術を開発するために、企業は軽量で高強度の部品を作ることに投資しています。航空機メーカーの保守・修理担当者が同部門の品質基準や性能を満たすために鍛造部品を求めることから、製造部品のニーズが高まり、市場の大きな成長につながります。
• 自動車部門：自動車部門は金属鍛造産業の主な促進要因の一つであり、特に電気自動車（EV）市場で顕著です。EVではライフサイクルを延長した軽量部品が必要とされるため、鍛造製品の需要が高まっています。そのため、企業がこの成長市場でシェアを獲得したいのであれば、EVに最適な最新の鍛造技術を採用することで、高性能部品生産による性能向上を実現する新しい材料科学を打ち出す必要があります。
• 建設産業：金属鍛造は、建設産業、特に構造部品製造に大きなチャンスを見出します。アーキテクチャの難易度が高まり、要求が厳しくなるにつれて、鍛造部品とその高い品質に対するニーズも高まっています。これに加えて、カスタマイズ能力や、建築業界の特定のニーズを理解する企業の能力も、この特定のセグメントで成功するかどうかを決定します。
• 医療機器：医療機器は、金属鍛造品市場の主要な成長分野として浮上しています。というのも、最近行われたこの問題に関する調査でも、精密鍛造部品を使用する医療機器やインプラントの相関関係が年々高まり続けているからです。医療分野では、非常に高い基準の品質が要求されるため、自社生産によってのみ達成できる賢明さがあり、ブランドの認知度を高めるマーケティング・キャンペーンなど、その他のもの中でも、長期にわたってより高い収益につながるよう、よりよく調整することができます。
• 石油・ガス部門：石油・ガスは、金属鍛造産業にとって依然として主要な成長分野です。それは、探査、掘削、生産プロセスが耐腐食性と高強度部品に大きく依存しているからです。世界のエネルギー需要の増加に伴い、耐久性があり高性能の石油・ガス鍛造部品を提供できる企業は、事業を拡大し続けると思われます。

金属鍛造市場の拡大と革新の可能性は、こうした戦略的成長機会からも明らかです。業界のニーズを満たしながら効率的で持続可能な開発を強化するために、企業は関係する業界内で先進技術を活用することによってグリーン技術を採用しなければなりません。

金属鍛造市場の促進要因・課題

しかし、厳しい環境・衛生・安全（EHS）法やサプライチェーンの中断のようなものが、このような業績達成の妨げになる可能性もある：

金属鍛造市場を牽引する要因は以下の通りです：

1.技術進歩：金属鍛造市場の成長は、自動化、精密鍛造、3D印刷などの技術進歩別もたらされます。これらの進歩は効率を高め、無駄を省き、より複雑な形状の製造を可能にし、優れた製品を生み出します。これは、製造における改善が継続的に行われることで実現されており、世界市場における企業の競争力強化に重要な役割を果たすと期待されています。

2.高性能材料への需要の増加：金属鍛造セクターは、特に航空宇宙産業と自動車産業における高性能材料への需要の高まり別牽引されています。先端合金と複合材料の生産が伸びているのは、軽量で強靭な高強度部品が必要とされているためです。こうした動向は、経済が効率性を追求する一方で環境負荷の低減に重点を置いていることから今後も続くと予想され、この業界で事業を展開する企業にとっては絶好のチャンスとなります。

3.世界化とサプライチェーンの最適化：世界化とサプライチェーンの最適化は、金属鍛造業界を牽引する主な要因の一部です。企業は生産能力を拡大し、コストを削減し納期を改善するために高度な物流に投資しています。このような動向は、不透明な政治・経済情勢下でも鍛造品の世界の入手可能性を確保するのに役立ち、また、鍛造品の調達の中断を許さないサプライチェーンの弾力性を促進します。

4.自動車産業の成長：自動車産業、特に電気自動車（EV）は、金属鍛造市場の成長を大きく牽引しています。現在使用されている自動車設計の重量制限に伴う耐久性の懸念から、製造業者はより多くの合金部品を製造しており、それゆえ、鋳造部品事業、特にそのような自動車に必要な合金を扱う事業が世界中で急速に発展しています。

5.環境規制と持続可能性：持続可能性と結びついた厳しい環境規制が金属鍛造市場の変化を促します。企業は、エネルギー効率の高い炉の使用や、より環境に優しい選択肢を求める消費者からのコンプライアンス要件に伴う廃棄物の削減など、環境に優しい慣行を採用しており、その結果、従来の廃棄技術とは異なり環境への影響を最小限に抑えながら持続可能性を浸透させるリサイクル・プログラムのような環境に優しい手段を通じて、これらの特性を求める顧客の間で環境保護が促進され、特に環境保護に熱心な顧客の間で競争上の優位性を獲得しています。

金属鍛造市場における課題は以下の通りです：

1.高い生産コスト：金属鍛造業界は、主に原材料とエネルギー価格の高騰に起因する高い生産コストに悩まされています。これは企業の収益性に影響し、小規模な企業は競争に苦戦を強いられています。企業はコスト削減技術を採用することで効率レベルの改善に取り組んでいますが、高い生産費は依然として成長の大きな障害となっています。

2.サプライチェーンの混乱：金属鍛造市場は、地政学的緊張、自然災害、世界的流行病に起因するサプライチェーンの混乱別大きな課題に直面しています。これらは、生産の遅延やコストの上昇、製造目的のための原材料の入手の困難につながる可能性があります。サプライチェーンの回復力を強化する戦略の開発が試みられてきましたが、こうした中断は依然として予測不可能であり、業界の課題となっています。

3.厳しい環境規制：厳しい環境規制、特に廃棄物管理と排出に関する規制は、金属鍛造部門に影響を及ぼします。このような要件を満たすには費用がかかり複雑であるため、企業はこれらの法律にも準拠する必要があるため、新技術やシステムに多額の投資をせざるを得ません。このような規制は環境に良い影響を与える一方で、コストや組織レベルで行わなければならない変更、それに関連するコンプライアンスの問題など、課題もあり、収益だけでなく、この業界の事業体の運営にも影響を及ぼしています。

金属鍛造市場における主要なエンジンとハードルは、その成長と開拓を形成してきました。技術の進歩と高性能材料への需要の高まりが市場を牽引する一方で、高価な生産コスト、供給の不一致、厳しい環境規則といった大きな問題が障害となっています。そのため、企業はこれらの課題を克服し、世界な競合に勝ち残るために、これらの原動力から得られる可能性のある利益を積極的に活用するスキルを身につけなければなりません。

目次

第1章 エグゼクティブサマリー

第2章 世界の金属鍛造市場：市場力学

• イントロダクション、背景、分類
• サプライチェーン
• 業界の促進要因と課題

第3章 市場動向と予測分析 (2019年～2031年)

• マクロ経済動向 (2019～2024年) と予測 (2025～2031年)
• 世界の金属鍛造市場の動向 (2019～2024年) と予測 (2025～2031年)
• 世界の金属鍛造市場：原材料別
  • 炭素鋼
  • 合金鋼
  • アルミニウム
  • マグネシウム
  • ステンレス鋼
  • チタン
  • その他
• 世界の金属鍛造市場：用途別
  • 輸送
  • 航空宇宙
  • 石油・ガス
  • 建設
  • 農業
  • 発電
  • 船舶
  • その他

第4章 地域別の市場動向と予測分析 (2019年～2031年)

• 世界の金属鍛造市場：地域別
• 北米の金属鍛造市場
• 欧州の金属鍛造市場
• アジア太平洋の金属鍛造市場
• その他地域の金属鍛造市場

第5章 競合分析

• 製品ポートフォリオ分析
• 運用統合
• ポーターのファイブフォース分析

第6章 成長機会と戦略分析

• 成長機会分析
  • 世界の金属鍛造市場の成長機会：原材料別
  • 世界の金属鍛造市場の成長機会：用途別
  • 世界の金属鍛造市場の成長機会：地域別
• 世界の金属鍛造市場の新たな動向
• 戦略的分析
  • 新製品の開発
  • 世界の金属鍛造市場の生産能力拡大
  • 世界の金属鍛造市場における企業合併・買収 (M&A)、合弁事業
  • 認証とライセンシング

第7章 主要企業のプロファイル

• Aronic
• ATI
• Bharat Forge
• Bruck
• China First Heavy Machinery
• ELLWOOD
• Jiangyin Hengrun Heavy Industries
• Nippon Steel
• Precision Castparts
• Larsen & Toubro

The future of the global metal forging market looks promising with opportunities in the transportation, aerospace, oil & gas, construction, agriculture, power generation, and marine markets. The global metal forging market is expected to reach an estimated $119.9 billion by 2031 with a CAGR of 7.2% from 2025 to 2031. The major drivers for this market are growing demand for metal forged parts from the aerospace industry, increased emphasis on lightweight and high-strength materials, and an expanding number of flyers across the globe.

• Lucintel forecasts that, within the raw material category, carbon steel will remain the largest segment over the forecast period due to its substantial usage in oilfield and automotive applications, given its affordability and wide availability.
• Within the application category, automotive will remain the largest segment due to the substantial use of metal forging in this sector, given its numerous benefits, such as dependability, strength, and durability.
• In terms of region, APAC will remain the largest region over the forecast period due to increased expenditures for the construction of airports, railroad tracks, and bridges in the region.

Gain valuable insights for your business decisions with our comprehensive 150+ page report.

Emerging Trends in the Metal Forging Market

Advances in technology have brought about changes in the preferences of customers, which has transformed the metal forging industry with impacts on the economic landscape globally. Some emerging trends are influencing this sector, thus shaping what it looks like, from production processes to market dynamics. This chapter explains each of these five crucial trends, outlining their impact on metal industries overall and future implications for the sector.

• Automation and Digitalization: Metal forging is going through a transformation as automation and digitalization are integrated into production processes. To deliver more accuracy, save waste, boost efficiency, and manage costs, this is being done by utilizing technologies such as Robotics, AI, and IoT. These developments enable real-time monitoring of processes and predictive maintenance that reduces downtime, thereby boosting productivity at large. Consequently, the adoption of these technologies has become necessary for manufacturers who strive to meet higher quality standards at lower costs to remain competitive in the global market.
• Shift Toward Lightweight Materials: The metal forging industry is now seeing increased demand for lightweight materials, most notably in the automotive and aerospace industries. The use of advanced alloys and composites has become a common practice among manufacturers to reduce weight while maintaining strength. This trend has been necessitated by the need for fuel efficiency as well as reduced emissions. The companies, therefore, engage themselves in R&D aimed at developing new materials and forging techniques sensitive to these demands so that they can take advantage of this rapidly growing market.
• Sustainable Forging Practices: Metal forging firms are increasingly concerned with sustainability issues. To minimize their impacts on the environment, companies have adopted green approaches like energy-saving ovens or methods that reduce waste. Such moves have been triggered by strict regulations from the government side, along with consumer preference for environmentally-friendly products. Sustainability not only helps organizations conform to guidelines but also makes them more attractive in terms of marketing, especially when targeting customers with environmental concerns, hence giving them an edge over others.
• Global Supply Chain optimization: There's an increasing focus on optimizing global supply chains to improve efficiency while reducing costs within metal forging marketplaces. Companies are investing heavily in sophisticated logistics systems, which include strategic partnerships as well as local production plants capable of mitigating risks associated with disruptions across borders. This aspect is critical given that supply chain resilience should be maintained by manufacturers towards geopolitical uncertainties or economic changes to ensure that they can deliver their forged products without fail to customers.
• The Rise of Electric Vehicles (EVs): Forged components are in high demand, driven by the growth of electric vehicles (EVs), particularly lightweight and high-strength parts. The metal forging industry is developing materials and processes tailored to the EV manufacturers' needs. These include the production of components that are crucial for battery systems and electric drivetrains. The increase in EV market share means that the demand for these forged items will continue to grow, with a lot of opportunities for companies engaged in forging business.

These emerging trends are reshaping the metal forging market, driving innovation, and creating new opportunities. Businesses can thrive within this changing landscape provided they adjust accordingly to embrace advanced technologies as well as sustainable practices. Staying ahead of these trends will be key in ensuring competitiveness within a market that evolves, hence guaranteeing long-term success for players operating within the global metal forging industry.

Recent Developments in the Metal Forging Market

Technological changes, along with alterations in regulations brought about by industrial demands, have led to significant developments within the metal forging market space. These transformations have made it possible, thus enabling new opportunities to challenge traditional beliefs. This section outlines five main issues currently affecting the metal forging market, showing how these would shape its future direction at large.

• Innovative Developments in Forging Technology: Recent advances in forging technology have resulted in various methods, such as precision forging and 3D printing, that are currently changing the industry. This new era of manufacturing has been characterized by improved accuracy, reduced material wastage, and the feasibility of making complex forms. These developments are helping manufacturers to produce better products faster while streamlining their production processes, thus enabling businesses to adopt the technologies to stay ahead of the competition.
• The Augmentation of Global Manufacturing Capacities: The metal forging market has witnessed a significant rise where global manufacturing capacities are concerned, especially in emerging markets such as India and Southeast Asia. Companies are setting up new plants or upgrading existing ones so that they can meet the increasing demand for forged parts in various industries. As a result, there is a reduction of lead times and costs associated with forgings, leading to the accessibility of these products by a broader customer base, thereby improving global competitiveness.
• Strategic Partnerships and Collaborations: There has been an increase in strategic partnerships and collaborative efforts within the metal forging sector. The companies pool their resources, skills, knowledge, etc., hence coming up with innovations along with enhanced production capabilities. Such partnerships become more critical at stages where they focus on developing fresh materials and techniques required for companies' survival in swiftly changing markets. That's how collaboration promotes growth as well as creates opportunities for development within the industry.
• Sustainability Focus: Concerns about environmental sustainability have become a key feature among firms engaged in metal forging activities, which seek to minimize their ecological footprints through greening operations. Energy-efficient machinery recycling waste materials and reduction initiatives form part of this program. Environmental guidelines, including consumer demand, drive these efforts aimed at attaining sustainable goals for different stakeholders involved. Consequently, corporations that emphasize green policies may receive benefits because it will help them differentiate from rivals who do not pay attention to sustainability issues.
• Growing Demand for High-Performance Alloys: High-performance alloys, especially in aerospace and automotive industries, are a hot cake within the metal forging industry. These alloys have high strength and durability and can withstand harsh conditions, which makes them suitable for mission-critical applications. As a result, manufacturers have started producing these materials to meet their customers' specific requirements, thus resulting in new product lines and wider markets.

The above-mentioned developments are significantly influencing the metal forging market by driving innovations, expanding capacities, and creating new avenues for growth. Thus, any company that can make use of such opportunities to improve its manufacturing processes, reduce costs as well and produce quality products is aptly placed in global competition.

Strategic Growth Opportunities for Metal Forging Market

The rapidly growing demand for high-performance materials, technological advancements, and sustainability trends across industries create significant business potential in different applications of metal forgings. By identifying and tapping into these opportunities, companies can enhance their market presence and achieve sustainable long-term growth. This section outlines five key growth opportunities in the metal forging market, focusing on their potential impact on the industry.

• Aerospace Applications: The aerospace industry presents significant growth opportunities for the forging market of metals. To create advanced alloys and develop precision forging techniques, companies are investing in creating lightweight, high-strength components. With demand for forged parts by aircraft manufacturers' maintenance and repair personnel to meet the sector's quality standards and performance, there will be an increased need for manufactured parts, thus leading to huge market growth.
• Automotive Sector: The automotive sector is one of the main drivers of the metal forging industry, which is especially noticeable in the electric vehicles (EVs) market. The need for light components with extended life cycles in EVs has resulted in more demand for forged products. So, if a company wants to take a share of this growing market, it should come up with new material science to provide improved performance through high-performance component production by adopting modern forging technologies that are best suited for EVs.
• Construction Industry: Metal Forging finds substantial opportunities in the construction industry, particularly structural component manufacturing. As buildings became more architecturally challenging and demanding, the need for forged parts and their higher quality were increasing as well. In addition to this, customization ability or companies' ability to understand specific needs of the building industry can also define whether they succeed or not within this particular segment.
• Medical Devices: Medical devices are emerging as a major growth area for the metal forgings market because the correlation between medical instruments or implants that use precision-forged components keeps rising every year according to recent research into this problem again conducted recently too; they prove that making these precise elements instead of buying them from other sources it saves money all together whilst ensuring compliance with regulations since medical field requires very high standards quality wise only achieved through self-production thus better alignment towards higher revenue over longer periods among other things such as marketing campaigns promoting brand visibility etc.
• Oil and Gas Sector: Oil and gas remain key growth segments for the metal forging industry because they still drive the highest demand. It's because exploration, drilling as well as production processes highly depend on resistance to corrosion and high-strength components. In line with global energy demands that go up, companies able to deliver durable and high-performance oil & gas forged parts will keep growing their businesses.

The possibility of expansion and innovation in the metal forging market is evident from these strategic growth opportunities. In a bid to enhance efficient, sustainable development whilst meeting industry needs, firms must adopt green technologies through leveraging advanced technologies within the industries concerned.

Metal Forging Market Driver and Challenges

Advancement technology and rising demand for performance materials due to increasing environmental regulations have been driving forces behind the growth of the metal forgings marketplace; however, some things like stringent EHS laws or even supply chain interruptions could become hindrances towards such achievements as well, which means there are many factors influencing how things develop within this area, but we can only name few most significant ones anyway hence read more below about them here:

The factors responsible for driving the metal forging market include:

1. Technological Advancements: Metal forging market growth is driven by technological advancements such as automation, precision forging, and 3D printing. These advancements increase efficiency, reduce waste, and enable the production of more intricate forms that result in superior products. This has been realized as improvements in manufacturing continue to be made and are expected to play a crucial role in enhancing the competitiveness of companies in the global market.

2. Increasing Demand for High-Performance Materials: The metal forging sector is being driven by escalating demand for high-performance materials, especially in the aerospace and automotive industries. Growth in advanced alloys and composites production is due to the need for lightweight, tough, and high-strength parts. These trends will continue as economies focus on reducing environmental impacts while striving for efficiency, making it a great opportunity for firms operating within this industry.

3. Globalization and Supply Chain Optimization: Globalization and supply chain optimization are some of the main factors driving the metal forging industry. Companies are expanding their production capabilities and investing in advanced logistics to reduce costs and improve delivery times. This trend helps ensure the availability of forged items globally, even during uncertain political or economic times, besides fostering supply chain resilience, which allows uninterrupted sourcing of forged goods.

4. Growing Automotive Sector: The automotive industry, especially electric vehicles (EVs), drives growth in the metal forging market significantly. Manufacturers produce more alloyed components because of durability concerns associated with weight limitations on vehicle designs used today, hence the rapid development of cast parts businesses worldwide, particularly those dealing with alloys required for such cars.

5. Environmental Regulations and Sustainability: Tough environmental regulations coupled with sustainability drive changes in the metal forging market. Businesses have adopted environmentally friendly practices, including using energy efficient furnaces as well as cutting down on waste that comes with compliance requirements from consumers demanding greener options, hence promoting greenness among customers seeking these attributes both through eco-friendly means like recycling programs which instill sustainability while minimizing environmental impacts unlike conventional disposal techniques thus giving a competitive edge, especially among green-minded clients.

Challenges in the metal forging market are:

1. High Production Costs: The metal forging industry grapples with high production costs, mainly attributed to escalating prices of raw materials and energy. This affects the profitability of businesses and leaves small players struggling to compete. Although companies are working on improving their efficiency levels by adopting cost-saving technologies, high production expenses remain a major hindrance to growth.

2. Supply Chain Disruptions: The metal forging market is facing significant challenges due to supply chain disruptions emanating from geopolitical tensions, natural calamities, and global pandemics. These may result in production delays and increased costs, as well as difficulties in accessing raw materials for manufacturing purposes. There have been attempts to develop strategies that enhance supply chain resiliency, but these interruptions are still unpredictable, thus posing a challenge in the industry.

3. Stringent Environmental Regulations: Strict environmental regulations, particularly relating to waste management and emissions, affect the metal forging sector. It is expensive and complicated to meet such requirements, meaning that firms have had no choice but to invest heavily in new technologies and systems since they need to comply with these laws, too. While these regulations are having positive impacts on the environment, they also present challenges in terms of costs, changes that must be made at an organizational level, which are very costly, as well as compliance issues related thereto, thereby affecting not only earnings but also operations of entities within this industry.

The primary engines and hurdles in the metal forging market have shaped its growth and development. While technological advancements and a growing demand for high performance materials drive the market, there are major issues such as expensive production costs, supply inconsistencies, and stringent environmental rules that are impediments. This is why the firms should be able to sail through these challenges using their skills to make positive use of the possible benefits of these drivers to remain relevant in global competition.

List of Metal Forging Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies metal forging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the metal forging companies profiled in this report include-

• Aronic
• ATI
• Bharat Forge
• Bruck
• China First Heavy Machinery
• ELLWOOD
• Jiangyin Hengrun Heavy Industries
• Nippon Steel
• Precision Castparts
• Larsen & Toubro

Metal Forging by Segment

The study includes a forecast for the global metal forging market by raw material, application, and region.

Metal Forging Market by Raw Material [Analysis by Value from 2019 to 2031]:

• Carbon Steel
• Alloy Steel
• Aluminum
• Magnesium
• Stainless Steel
• Titanium
• Others

Metal Forging Market by Application [Analysis by Value from 2019 to 2031]:

• Transportation
• Aerospace
• Oil & Gas
• Construction
• Agriculture
• Power Generation
• Marine
• Others

Metal Forging Market by Region [Analysis by Value from 2019 to 2031]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Metal Forging Market

The process of metal forging is an essential manufacturing method where metal is shaped using localized forces under compression. This technique is important for producing high-strength parts used in different sectors such as automotive, aerospace, and construction. The metal forging industry has undergone significant changes over the past few years as a result of technological advancements, increased demand, and shifts in global dynamics. The summary identifies major developments in the United States, Japan, India, China, and Germany that have been instrumental in shaping this market.

• United States: Increased demand from the aerospace and defense industries has resulted in the growth of the American metal forging market. Technological advancement, especially automation and digitization, has improved production efficiency while lowering costs. Sustainability concerns are another factor that is pushing the adoption of environmentally friendly forging practices. Recent investments in research and development are geared towards improving material properties and increasing the life span of forged components, making the US a key innovator within the forging industry.
• China: China remains one of the biggest players in the worldwide metal forging sector, which is propelled by its vast industrial base as well as strong automotive and construction markets, among others. It aims to upgrade its manufacturing through smart manufacturing technology and automation. The government's recent efforts to cut down on carbon emissions have also affected this market with great emphasis on green forging techniques. Competitive pricing strategies coupled with its large-scale production capabilities make it remain relevant globally.
• Germany: Development of German car and engineering industries drives up their respective metal forging markets. The country has taken the lead in integrating Industry 4.0 technologies such as IoT or AI into its forge processes, enabling them to be more precise and efficient. Some notable developments include investing in lightweight materials, which are crucial for the automotive sector's transformation into electric vehicles. Germany's focus on quality production and innovation allows it to retain a strong competitive position worldwide mainly within high value applications sectors.
• India: India's metal forming market is expanding rapidly due to growth in the automobile industry along with measures like "Make In India" initiated by the government. This country has opted to improve its forging technology as well as increase production levels so that it can cater to both domestic and export demand. Recent developments include linkages with global entities to enhance manufacturing processes and product quality. Thus, in Asia-Pacific, India is fast becoming a cost-effective metallurgical hotspot.
• Japan: In Japan's metal forging market, precision and quality are the key aspects, especially in automotive and electronics-related sectors. The country has invested in advanced forging technologies such as hot forging and precision forging to meet the requirements of high performance applications. In response to consumer demand as well as regulatory pressures, there were recent changes that saw more sustainable practices being adopted. Japan's strong position within the global metal forming industry is sustained by its culture of Kaizen, or continuous improvement.

Features of the Global Metal Forging Market

Market Size Estimates: Metal forging market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.

Segmentation Analysis: Metal forging market size by raw material, application, and region in terms of value ($B).

Regional Analysis: Metal forging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different raw materials, applications, and regions for the metal forging market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the metal forging market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

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This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the metal forging market by raw material (carbon steel, alloy steel, aluminum, magnesium, stainless steel, titanium, and others), application (transportation, aerospace, oil & gas, construction, agriculture, power generation, marine, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Global Metal Forging Market : Market Dynamics

• 2.1: Introduction, Background, and Classifications
• 2.2: Supply Chain
• 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2019 to 2031

• 3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
• 3.2. Global Metal Forging Market Trends (2019-2024) and Forecast (2025-2031)
• 3.3: Global Metal Forging Market by Raw Material
  • 3.3.1: Carbon Steel
  • 3.3.2: Alloy Steel
  • 3.3.3: Aluminum
  • 3.3.4: Magnesium
  • 3.3.5: Stainless Steel
  • 3.3.6: Titanium
  • 3.3.7: Others
• 3.4: Global Metal Forging Market by Application
  • 3.4.1: Transportation
  • 3.4.2: Aerospace
  • 3.4.3: Oil & Gas
  • 3.4.4: Construction
  • 3.4.5: Agriculture
  • 3.4.6: Power Generation
  • 3.4.7: Marine
  • 3.4.8: Others

4. Market Trends and Forecast Analysis by Region from 2019 to 2031

• 4.1: Global Metal Forging Market by Region
• 4.2: North American Metal Forging Market
  • 4.2.1: North American Market by Raw Material: Carbon Steel, Alloy Steel, Aluminum, Magnesium, Stainless Steel, Titanium, and Others
  • 4.2.2: North American Market by Application: Transportation, Aerospace, Oil & Gas, Construction, Agriculture, Power Generation, Marine, and Others
• 4.3: European Metal Forging Market
  • 4.3.1: European Market by Raw Material: Carbon Steel, Alloy Steel, Aluminum, Magnesium, Stainless Steel, Titanium, and Others
  • 4.3.2: European Market by Application: Transportation, Aerospace, Oil & Gas, Construction, Agriculture, Power Generation, Marine, and Others
• 4.4: APAC Metal Forging Market
  • 4.4.1: APAC Market by Raw Material: Carbon Steel, Alloy Steel, Aluminum, Magnesium, Stainless Steel, Titanium, and Others
  • 4.4.2: APAC Market by Application: Transportation, Aerospace, Oil & Gas, Construction, Agriculture, Power Generation, Marine, and Others
• 4.5: ROW Metal Forging Market
  • 4.5.1: ROW Market by Raw Material: Carbon Steel, Alloy Steel, Aluminum, Magnesium, Stainless Steel, Titanium, and Others
  • 4.5.2: ROW Market by Application: Transportation, Aerospace, Oil & Gas, Construction, Agriculture, Power Generation, Marine, and Others

5. Competitor Analysis

• 5.1: Product Portfolio Analysis
• 5.2: Operational Integration
• 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

• 6.1: Growth Opportunity Analysis
  • 6.1.1: Growth Opportunities for the Global Metal Forging Market by Raw Material
  • 6.1.2: Growth Opportunities for the Global Metal Forging Market by Application
  • 6.1.3: Growth Opportunities for the Global Metal Forging Market by Region
• 6.2: Emerging Trends in the Global Metal Forging Market
• 6.3: Strategic Analysis
  • 6.3.1: New Product Development
  • 6.3.2: Capacity Expansion of the Global Metal Forging Market
  • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Metal Forging Market
  • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• 7.1: Aronic
• 7.2: ATI
• 7.3: Bharat Forge
• 7.4: Bruck
• 7.5: China First Heavy Machinery
• 7.6: ELLWOOD
• 7.7: Jiangyin Hengrun Heavy Industries
• 7.8: Nippon Steel
• 7.9: Precision Castparts
• 7.10: Larsen & Toubro