What Has Been the Progress and Growth of the Isothermal Forging Market in Recent Years?
The isothermal forging market has seen considerable growth due to a variety of factors.
•There has been a significant expansion in the market size of isothermal forging in the past few years. The value is predicted to climb from $9.02 billion in 2024 to about 9.57 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%.
This development throughout the historic period may be credited to several factors including higher demand in the automotive industry, material innovation, cost-effectiveness, consumer electronics, energy sector demands, and environmental factors.
What Can Be Expected from the Isothermal Forging Market in the Coming Years?
The isothermal forging market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for isothermal forging is set to undergo robust growth in the upcoming years, reaching an estimation of $12.47 billion by the year 2029. This represents a Compound Annual Growth Rate (CAGR) of 6.8%.
The anticipated growth during this forecast period can be credited to a variety of factors such as greater flexibility in material choices, advancements in the automotive industry towards lighter components, the growth in the usage of medical implants, expansion in the aerospace industry, and adoption of eco-friendly manufacturing techniques. Important trends predicted to influence the market in this forecast period include an emphasis on sustainability and recycling, upgrades in Metal Injection Molding (MIM) machinery, emphasis on quality control and certification, increased personalization and customization, and integration with 3D printing technology.
What Main Forces Are Fueling Expansion In The Isothermal Forging Market?
The isothermal forging market is projected to flourish in line with the growing demand for automobiles. Automobiles, defined as autonomous vehicles with a combustion engine and typically four or more wheels, employ isothermal forging in their production line to create high-quality parts that necessitate high strength, durability, and precision. Therefore, an uptick in the demand for these automobiles will boost the market for isothermal forging. Evidence of this can be seen in data from the European Automobile Manufacturers Association, a Belgium-based organization comprising premier car manufacturers. According to their records, the EU car market grew significantly by 13.9% in 2023, compared to 2022, boasting a volume of 10.5 million units. Thus, the rising demand for automobiles is accelerating the expansion of the isothermal forging market.
What Are The Primary Segments In The Global Isothermal Forging Market?
The isothermal forging market covered in this report is segmented –
1) 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
2) By Processes: Conduction heating, Induction heating
3) 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
Subsegments:
1) By Carbon Steel Metal Forging: Low Carbon Steel Forging, Medium Carbon Steel Forging, High Carbon Steel Forging
2) By Alloy Steel Metal Forging: Low Alloy Steel Forging, High Alloy Steel Forging
3) By Aluminum Metal Forging: 2000 Series Aluminum Forging, 3000 Series Aluminum Forging, 5000 Series Aluminum Forging, 6000 Series Aluminum Forging, 7000 Series Aluminum Forging
4) By Magnesium Metal Forging: AZ Series Magnesium Forging, AM Series Magnesium Forging
5) By Stainless Steel Metal Forging: Austenitic Stainless Steel Forging, Ferritic Stainless Steel Forging, Martensitic Stainless Steel Forging
6) By Titanium Metal Forging: Alpha Titanium Forging, Beta Titanium Forging, Alpha-Beta Titanium Forging
Pre-Book The Isothermal Forging Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Key Trends Are Driving Changes In The Isothermal Forging Market?
In the isothermal forging market, leading corporations are prioritizing the development of revolutionary technologies like isothermal forging modules. Their goal is to boost production efficiency, improve the physical attributes of forged parts, and cater to the rigorous performance standards of sectors such as aerospace and automotive. Specifically designed for manufacturing, isothermal forging modules consistently control the forging procedure's temperature, thus augmenting the materials' properties and improving the output's performance. For example, in April 2024, Safran selected ALD, an operational car leasing and fleet management firm from France, to supply an isothermal forging system. This pioneering system is constructed to refine the forging process, allowing the crafting of intricate designs with enhanced mechanical features. The system provided by ALD, which utilizes isothermal forging, amplifies the components' material features, thereby augmenting strength and durability - factors imperative for challenging applications in the aerospace industry.
Who Are the Key Players in the Isothermal Forging Market?
Major companies operating 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.
• SMT Limited
• Precision Castparts Corp.
• Leistritz Turbinentechnik GmbH
• 3A Composites
• Sundaram Fasteners Ltd.
• Kalyani Forge Limited
• Aubert and Duval Pvt. Ltd.
• Bharat Dynamics Limited
• Bharat Electronics Limited
• Bharat Earth Movers Limited
• Bharat Petroleum Corporation Limited
• Amtek Auto Limited
• Tata Steel Limited
• Nanshan Forge Company
• Bharat Heavy Electricals Limited
• Formosa Plastics Group
• Howmet Aerospace Inc.
• Aalco metals Ltd.
What Is The Most Dominant Region In The Isothermal Forging Market?
Asia-Pacific was the largest region in the isothermal forging market in 2024. The regions covered in the isothermal forging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
