MarketSegmentation
By Product Type:
Open-Die Drop Forging
Closed-Die Drop Forging
By Application:
Market Value
2023 Market Size: USD 214 million
Projected 2032 Market Size: USD 318.02 million
Compound Annual Growth Rate (CAGR): 4.50%
Market Opportunities
Growing Demand: Rise in autom industries requiring durable an
Technological Advancements: I technologies enhancing efficien
Infrastructure Development: In projects fueling demand for forg
Emerging Markets: Expansion
Pacific and other developing reg
Key Players/Stakeholders
Major Companies Leading the Industry:
Precision Castparts Corp
Arconic
KOBELCO
Thyssenkrupp
Aichi Forge
Eramet Group
American Axle & Manufacturing
(AAM)
Sample Report
Regional Analysis
North America:
2023 Market Size: USD 60.15 million
CAGR: 3.86%
Strong demand in automotive and defense sectors.
Europe:
Established automotive and aerospace industries.
Emphasis on sustainable forging practices.
Asia-Pacific:
Rapid industrialization and infrastructural development.
Growth in China and India due to supportive government initiatives.
