PUBLISHER: The Business Research Company | PRODUCT CODE: 1927938
PUBLISHER: The Business Research Company | PRODUCT CODE: 1927938
Forged and stamped goods are metal parts shaped through specialized manufacturing methods. Forging applies compressive forces to improve the strength and integrity of metal, while stamping uses dies to accurately cut and shape metal sheets. Both processes aim to meet specific design requirements while optimizing material use and production efficiency.
The primary categories of forged and stamped goods include iron and steel forged goods, nonferrous forged goods, custom roll-formed products, powder metallurgy components, as well as metal crown, closure, and various other metal stamped items. Iron and steel forged goods are created through the alloying of iron and carbon under high pressures. These products find applications in various industries, including automotive, construction, food and beverage packaging, machinery, and metal products, among others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs on forged and stamped metal goods have disrupted supply chains, increasing costs for iron, steel, aluminum, and nonferrous metals. Automotive, construction, and food and beverage packaging segments in North America, Europe, and Asia-Pacific are most affected. Positive impacts include stimulating local production, promoting use of alternative materials, and driving innovation in metal forging and stamping technologies.
The forged and stamped goods market research report is one of a series of new reports from The Business Research Company that provides forged and stamped goods market statistics, including forged and stamped goods industry global market size, regional shares, competitors with a forged and stamped goods market share, detailed forged and stamped goods market segments, market trends and opportunities, and any further data you may need to thrive in the forged and stamped goods industry. This forged and stamped goods market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The forged and stamped goods market size has grown steadily in recent years. It will grow from $290.3 billion in 2025 to $302.1 billion in 2026 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to growth of automotive and construction sectors, rising industrialization, adoption of carbon and alloy steel forgings, increasing metal stamping for consumer goods, expansion of machinery and metal products industries.
The forged and stamped goods market size is expected to see steady growth in the next few years. It will grow to $367.01 billion in 2030 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to rising demand for lightweight aluminum and titanium forgings, growth in electrical and industrial stamped parts, increased focus on custom roll formed goods, adoption of advanced powder metallurgy techniques, expansion of closures and packaging applications. Major trends in the forecast period include adoption of iron and steel forged goods, increasing use of nonferrous forged goods, expansion of custom roll formed goods, growth in powder metallurgy parts manufacturing, rising demand for metal crowns and closures.
The anticipated growth in aircraft manufacturing, driven by the increasing demand for both international and domestic air travel, as well as rising government defense budgets, is expected to boost the demand for forged and stamped goods. Many countries are increasing their defense budgets to enhance their ability to respond to global crises, incorporating advanced technology across areas like ammunition, aircraft, and helicopters to prepare for emergencies. For example, in January 2023, the US President requested $772 billion for the Department of Defense, with the 2023 Future Years Defense Program (FYDP) projecting a 1.5% increase in the budget to $784 billion in 2024. The rise in defense budgets and the production of commercial aircraft will drive the demand for forged metal components during the forecast period, fueling the growth of the overall forged and stamped goods market.
Key players in the forged and stamped goods market are concentrating on developing advanced products, such as high-strength forged components, to meet the rising demand for durable and lightweight materials across various industries. High-strength forged products are made through the forging process, offering improved mechanical properties like increased tensile strength and resistance to deformation. For example, in June 2024, Hilton Metal Forging Ltd., an India-based iron and steel forging company, introduced wagon axles for railway wagons. These axles have an annual production capacity of 48,000 wheels, helping address the growing demand in the railway sector amid a supply shortage. Designed to meet rigorous quality standards, the wagon axles ensure durability and reliability for safe and efficient goods transportation. This product launch is part of Hilton's broader strategy to expand its presence in the domestic railway market, including plans to secure funding to boost production capabilities. By utilizing advanced forging techniques, the company improves the strength and performance of these axles, making them ideal for handling heavy railway loads.
In June 2024, Super Screws Private Limited, an India-based provider of engineering and manufacturing solutions for fasteners and industrial components, entered into a partnership with Mitsuchi Corporation of Japan to establish a joint venture for cold forged parts manufacturing in India. Through this collaboration, the companies aim to strengthen their engineering capabilities, accelerate localization, and expand market reach for high-quality cold forged parts, serving both the Indian market and global exports. Mitsuchi Corporation, based in Japan, specializes in advanced cold forged fasteners and related technologies.
Major companies operating in the forged and stamped goods market report are 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, Ferralloy Inc., McKees Rocks Forgings Inc., All Metals & Forge Group LLC, Forge Resources Group, Atlas Bronze, Ken Forging Inc., Cornell Forge Co., Moline Forge, Patriot Forge Co., GMP Metal Products, Ellwood Group, Scot Forge, Anchor Harvey, SIFCO Industries Inc., Queen City Forging Company, Walker Forge Tennessee LLC, Weldaloy Products Company, Bourdon Forge Company, Precision Castparts, Sintavia LLC, Sintex A/S, The Federal Group USA, Carpathian Industries LLC
Asia-Pacific was the largest region in the forged and stamped goods market in 2025. Western Europe was the second-largest region in the forged and stamped goods market. The regions covered in the forged and stamped goods market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the forged and stamped goods market are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The forged and stamped market consists of sales of carbon steel forged goods, aluminium forged goods, copper forged goods, and brass forged goods. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
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.
Forged And Stamped Goods Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses forged and stamped goods market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for forged and stamped goods ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The forged and stamped goods market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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