Metal Forging Market Report 2026

Metal Forging Market Overview

• Metal Forging market size has reached to $107 billion in 2025 • Expected to grow to $154.16 billion in 2030 at a compound annual growth rate (CAGR) of 7.5% • Growth Driver: Elevated Construction Activity Fuels Growth In The Metal Forging Market • Market Trend: Revolutionary Lubricant For Sustainable Automotive Manufacturing • Asia-Pacific was the largest region in 2025.

What Is Covered Under Metal Forging Market?

Metal forging refers to the use of compressive forces in the process of shaping and forming metals. Hammering, pushing, or rolling are used to apply the forces to create various metal parts. The main types of metal forging are closed-die forging, open-die forging, and ring rolling. Closed-die forging refers to when a heated raw material, such as steel or aluminum, is totally or partially encircled by two or more dies. It is used to forge raw materials such as carbon steel, alloy steel, aluminum, magnesium, stainless steel, titanium, and others, and are used in automotive, defense and aerospace, shipbuilding, the power industry, oil and gas, and others.

What Is The Metal Forging Market Growth Forecast?

The metal forging market size is expected to see strong growth in the next few years. It will grow to $154.16 billion in 2030 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to rise in electric vehicle manufacturing, growing defense and aerospace investments, increasing demand for lightweight aluminum and titanium forgings, expansion of power generation projects, adoption of advanced forging presses and automation. Major trends in the forecast period include rising demand for high-strength forged components, growing adoption of closed-die and precision forging, increasing use of lightweight alloy forgings, expansion of ring rolling applications in heavy industries, rising focus on quality and defect-free forged parts.

Global Metal Forging Market Segmentation

1) By Type: Closed-Die Forging, Open-Die Forging, Ring Rolling 2) By Raw Material: Carbon Steel, Alloy Steel, Aluminum, Stainless Steel, Titanium, Other Raw Materials 3) By End-User: Automotive, Defense And Aerospace, Shipbuilding, Power Industry, Oil And Gas, Other End User Subsegments: 1) By Closed-Die Forging: Precision Forgings, Multi-Stage Forgings 2) By Open-Die Forging: Upset Forging, Flat Forging, Radial Forging 3) By Ring Rolling: Seamless Ring Rolling, Specialty Ring Rolling

What Is The Driver Of The Metal Forging Market?

The rise in the construction industry is expected to propel the growth of the metal forging market going forward. Construction refers to building, modifying, repairing, remodeling, enhancing, or destroying a public infrastructure facility, including any public structure, public building, or other public improvements of any type to real estate. The construction industry relies heavily on forged metal products such as steel beams, columns, and other structural components essential for building strong and durable structures that can withstand the elements and meet safety standards. For instance, in November 2023, according to a report published by The Office for National Statistics, a UK-based statistics authority, in 2022, total new construction work output rose by 15.8%, hitting a record-breaking value of £132,989 million ($172401 million). Therefore, the rise in the construction industry is driving the growth of metal forging.

Key Players In The Global Metal Forging Market

Major companies operating in the metal forging market report are Bharat Forge Ltd., Precision Castparts Corp., Howmet Aerospace Inc., Otto Fuchs KG, Scot Forge Company, Ellwood Group Inc., ATI Ladish LLC, Nippon Steel Corporation, Thyssenkrupp AG, Doncasters Group Ltd., China First Heavy Industries Co. Ltd., Japan Casting and Forging Corporation, Allegheny Technologies Incorporated, Bruck GmbH, Jiangyin Hengrun Heavy Industries Co. Ltd., Patriot Forge Co., Ferralloy Inc., Canton Drop Forge Inc., Pacific Forge Incorporated, Trenton Forging Company

Global Metal Forging Market Trends and Insights

Major companies operating in the metal forging market are focused on developing revolutionary lubricants, such as non-pigmented forging lubricants, for sustainable automotive manufacturing. A non-pigmented forging lubricant is a type of lubricating substance used in metal forging processes that do not contain pigments or colorants. For instance, in April 2023, Henkel, a Germany-based solution provider for functional coatings, launched Bonderite L-FG F 605, a graphite-free, non-pigmented forging lubricant designed for automotive applications such as bearings, wheel hubs, gears, and slip yokes. This synthetic lubricant enhances die life by reducing metal-to-metal contact, offering performance comparable to graphite. The formulation, devoid of graphite, eliminates ammonia emissions, ensuring a safer and more sustainable workplace. With improved die life and stability at high dilution rates, the lubricant reduces the need for replacements and lowers overall forging costs.

What Are Latest Mergers And Acquisitions In The Metal Forging Market?

In August 2023, Mutares SE & Co. KGaA, a Germany-based private equity and industrial investor, acquired the forging business of CIE Automotive S.A. for an undisclosed amount. Through this acquisition, Mutares aims to enhance its metal forging capabilities by integrating CIE Automotive’s specialized forging and machining operations and expanding its portfolio of forged components for the automotive industry. CIE Automotive S.A. is a Spain-based automotive components manufacturer that produces forged and machined metal parts.

Regional Outlook

Asia-Pacific was the largest region in the metal forging market in 2025. The regions covered in the metal forging market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the metal forging market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Metal Forging Market?

The metal forging market includes revenues earned by entities by providing upset forging, swaging, press forging, and orbital forging services for metal products. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Metal Forging Market Report 2026?

The metal forging market research report is one of a series of new reports from The Business Research Company that provides market statistics, including Market Report 2026?global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the metal forging Market Report 2026? The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the Market Report 2026?