Metal Forging Global Market Report 2026

Metal forging involves the use of compressive forces to shape and form metals through processes such as hammering, pushing, or rolling.

The main types of metal forging include closed-die forging, open-die forging, and ring rolling. Closed-die forging occurs when a heated raw material, such as steel or aluminum, is entirely or partially encircled by two or more dies. This method is applied to forge materials such as carbon steel, alloy steel, aluminum, magnesium, stainless steel, titanium, and others. Industries utilizing closed-die forging include automotive, defense and aerospace, shipbuilding, the power industry, oil and gas, 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 imported steel, alloy metals, and forging equipment have increased production costs and affected supply chain stability in the metal forging market, particularly impacting automotive, defense, and oil and gas segments in north america, europe, and asia-pacific. Higher duties on raw materials have reduced margins for small and mid-sized forgers, while delays in cross-border trade have slowed project timelines. At the same time, tariffs have encouraged domestic forging capacity expansion, local sourcing of raw materials, and investments in efficient forging technologies to improve competitiveness.

The metal forging market research report is one of a series of new reports from The Business Research Company that provides metal forging market statistics, including metal forging industry global market size, regional shares, competitors with a metal forging market share, detailed metal forging market segments, market trends and opportunities, and any further data you may need to thrive in the metal forging industry. This metal forging 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 metal forging market size has grown strongly in recent years. It will grow from $107 billion in 2025 to $115.34 billion in 2026 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to growth of automotive production, expansion of oil and gas infrastructure, demand for heavy industrial machinery, increased use of forged steel components, growth of shipbuilding activities.

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.

The growth of the construction industry is expected to drive the expansion of the metal forging market in the future. Construction involves building, modifying, repairing, remodeling, enhancing, or demolishing public infrastructure facilities, including public structures and improvements to real estate. The construction industry relies heavily on forged metal products, such as steel beams, columns, and other structural components, which are crucial for creating strong and durable structures that can withstand environmental conditions and meet safety standards. For instance, a report from The Office for National Statistics in November 2023 indicated that total new construction work output increased by 15.8% in 2022, reaching a record value of £132,989 million ($172,401 million). Thus, the rise in the construction industry is fueling the growth of the metal forging market.

Major companies in the metal forging market are concentrating on the development of advanced lubricants, including non-pigmented forging lubricants, to support sustainable automotive manufacturing. Non-pigmented forging lubricants are lubricating materials used in metal forging operations that do not include pigments or color additives. For example, in April 2023, Henkel, a Germany-based provider of functional coating solutions, introduced Bonderite L-FG F 605, a graphite-free, non-pigmented forging lubricant developed for automotive components such as bearings, wheel hubs, gears, and slip yokes. This synthetic lubricant improves die life by minimizing metal-to-metal contact while delivering performance comparable to graphite. By eliminating graphite from its formulation, the lubricant prevents ammonia emissions, contributing to a safer and more sustainable working environment. Additionally, enhanced die life and stability at high dilution levels help reduce replacement frequency and overall forging costs.

In August 2023, Mutares SE & Co. KGaA, a Germany-based private equity and industrial investment firm, acquired the forging business of CIE Automotive S.A. for an undisclosed consideration. With this transaction, Mutares seeks to strengthen its metal forging capabilities by incorporating CIE Automotive's specialized forging and machining activities and broadening its portfolio of forged components for the automotive sector. CIE Automotive S.A. is a Spain-based automotive components manufacturer specializing in the production of forged and machined metal parts.

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

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.

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.

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.

Metal Forging 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 metal forging 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.

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Where is the largest and fastest growing market for metal forging ? 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 metal forging 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.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered: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
• Companies Mentioned: 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
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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