PUBLISHER: The Insight Partners | PRODUCT CODE: 1780298
PUBLISHER: The Insight Partners | PRODUCT CODE: 1780298
The Upto 10 Kg Closed Die Forging Market size was valued at US$ 9,310.65 million in 2024 and is expected to reach US$ 13,932.46 million by 2031; it is estimated to record a CAGR of 6.1% from 2025 to 2031.
The manufacturing sector is increasingly focusing on sustainability as environmental concerns become crucial. This trend is specifically evident in the forging industry, where the adoption of recyclable and sustainable materials is transforming practices and processes. In the context of upto 10 kg closed die forging, the shift toward sustainable materials not only aligns with global sustainability objectives but also enhances the performance and efficiency of forged components across various industries, including automotive, aerospace, oil and gas, and heavy machinery. Conventional forging methods can lead to substantial scrap metal, particularly when generating complex parts that require vast machining. Additionally, high energy usage during heating and processing contributes to carbon emissions. Moreover, the forging process may involve the use of toxic materials and chemicals, leading to environmental pollution. As governments and regulatory bodies impose rigorous environmental regulations, companies are encouraged to adopt more sustainable practices. The demand for greener products from consumers and stakeholders adds further pressure to transition to sustainable materials. Aluminum, titanium, biodegradable polymers, and advanced composite materials, such as carbon fiber-reinforced polymers, are gaining traction in industries that demand lightweight, high-strength components. Further, the emphasis on a circular economy, where materials are recycled and used rather than discarded, is expected to gain momentum. This paradigm aligns well with the forging industry's goals of reducing waste and conserving resources, which is one of the major trends anticipated to propel market growth during the forecast period.
The closed die forging market, particularly for components weighing upto 10 kg, has been advancing rapidly owing to technological advancements in the industrial sector, growing demands, and industry-specific requirements. Closed die forging, also described as impression die forging, is a manufacturing method where metal is shaped into a desired form by compressing it between two dies. This process is highly valued for its ability to produce complex, integrated, high-strength components with tight tolerances, making it essential for industries such as automotive, aerospace, defense, and oil & gas. In the broad landscape of industrial procedures, forging technology remains a key factor in the manufacturing sector. As industry continues to advance, it is fundamental to understand the innovations that are determining the future of forging, from developments in forging procedures to the incorporation of high-end equipment. Companies such as Nexus Engitech, Happy Forgings Limited, MM Forgings Limited, Kalaria Auto Forge, and Isler India are using advanced forging technologies to enhance their overall efficiency and production quality. Transvalor (FORGE(R)); Forge Technology, Inc. (QForm); and AFDEX (Adviser for Metal Forming Process Design EXpert) are a few high-precision and user-friendly forging simulation software designed and developed to support manufacturers in enhancing their forging processes with high-end accuracy and efficiency.
Isler India; Aequs Pvt Ltd.; M M Forgings Limited; NEXUS ENGITECH; SIDERFORGEROSSI GROUP S.p.A.; FORLAM group; Palmieri Group; Trojan Manufacturing, Forging and Automotive (TMFA); Poppi Ugo Euroforge S.p.A.; KEMS FORGINGS LTD.; FIXIN Manufacturing Technology Pvt Ltd; Kalyani Forge Ltd.; Cie Automotive SA; Sunstar Precision Forge Limited; Kross Limited; Poona Forge Private Limited; Sadhu Group; Pradeep Metals Limited; Ramkrishna Forgings Ltd; Sundaram Forgings; Happy Forgings; Rasche Umformtechnik GmbH & Co. KG; CFS Machinery Co. Ltd; Western India Forgings Pvt. Ltd.; and. Caparo India are among the key Upto 10 Kg Closed Die Forging Market players that are profiled in this market study.
The overall Upto 10 Kg Closed Die Forging Market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Upto 10 Kg Closed Die Forging Market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Upto 10 Kg Closed Die Forging Market.