U.S. Market to Reach $28.70 Billion and Europe $41.25 Billion by 2035, Driven by Aerospace, Automotive and Advanced Manufacturing
Austin, Aug. 31, 2026 (GLOBE NEWSWIRE) -- According to SNS Insider, The Metal Forging Market was valued at USD 83.71 billion in 2025 and is expected to reach USD 154.68 billion by 2035, growing at a CAGR of 6.45% from 2026-2035.
The development of the metal forgings market can mainly be attributed to rising demand from the automotive, aerospace, and industrial machinery industries, where the automotive industry makes use of forged items such as gears, crankshafts, and transmissions that have been valued for their strength and durability. According to the International Organization of Motor Vehicle Manufacturers, there have been an estimated 93.5 million vehicles manufactured in the year 2023.
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Key Takeaways:
- Leading Raw Material: Carbon Steel (43.80% share)
- Leading Technology: Closed Die (67.40% share)
- Leading End-User: Automotive (51.60% share)
- Largest Regional Market: Asia Pacific (42.30% share)
- Fastest-Growing Regional Market: Asia Pacific (7.49% CAGR)
Rising high-strength component demand underpins steady growth
The growth in the metal forging industry is attributed to the growing demand from the automotive, aerospace, and defense sectors that need to have very durable, reliable, and light metals with better mechanical properties than those made by casting or machining methods. The automobile industry, for example, is increasingly using aluminum and high-strength steel forgings due to the rising production of electric cars and fuel-efficient cars. The aviation industry needs forged titanium and aluminum parts.
Market Segmentation
By Raw Material: Carbon Steel has captured a leading market share of 43.80% in 2025 on account of high strength, durability, and affordability within automotive, construction, and industrial machinery applications with greater wear resistance at reduced prices compared to other specialty metals. The aluminum market segment is exhibiting the highest growth rate with a 9.64% CAGR due to increasing demand for lightweight parts.
By Technology: The Closed Die segment accounts for an impressive 67.40% of the market share in 2025 and is also expected to experience the highest growth rate at a 7.08% CAGR due to its value in producing extremely precise and strong parts for mass production in the automotive, aerospace, and industrial machinery sectors. It offers excellent consistency, high-quality surface finish, and efficient production of vital parts like crankshafts and connecting rods.
By End-User: The Automotive industry holds the largest market share, estimated at about 51.60%, due to the extensive use of materials in automotive parts like engines, transmissions, axles, and suspensions that need strength and durability. The Aerospace & Railways is the fastest-growing end-user industry at a rate of 8.61% CAGR, due to increasing aircraft production, modernization of rail transport, and increased defense expenditure.
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Regional Analysis
The growth in North America metal forging market is driven by the increase in aerospace and defense sector, as United States is one of the major countries which manufacture commercial aircrafts, weaponry, and defense systems, which need high-grade forging products. Increased investment in new-age aircrafts, missiles, and defense systems drives the demand for titanium, aluminum, and special steel forgings.
- The U.S. Metal Forging Market size in 2025 was around USD 17.44 billion and forecasted to grow to around USD 28.70 billion by 2035, at a CAGR of 5.52% during 2026-2035. Growth in the country can be attributed to reshoring of manufacturing operations, increasing infrastructure investment, and increasing production in aerospace & defense supported by the Infrastructure Investment and Jobs Act.
Europe Metal Forging Market size stood at USD 22.60 billion in 2025 and forecast to reach USD 41.25 billion by 2035, exhibiting a CAGR of around 6.20 % during the forecast period 2026 to 2035, The Europe region is driven by the presence of the already established automobile manufacturing industry in Germany, France, and Italy, with Germany being the leader in terms of regional demand for metal forging products with around 27.81% share of European revenues due to increased use of sustainable forging technologies.
The share of Asia Pacific in the market in 2025 was nearly 42.30%, which can be attributed to rapid industrialization and the growing growth in manufacturing activities in countries like China, India, Japan, and Southeast Asia. Continuous improvement in regional forging capabilities has been witnessed due to government support for manufacturing and infrastructural development with growing production in automobiles, industrial machinery, and construction equipment providing high demand for forged metal products.
Recent Developments
- 2023: Nippon Steel announced a USD 14.9 billion acquisition of U.S. Steel, one of the largest transactions in the global steel industry, expanding production capabilities for forging applications.
- 2024: Arconic commissioned a USD 57.5 million expansion project at its Iowa facility to increase production of high-purity aluminum products for aerospace and defense industries.
- 2025: Sheffield Forgemasters partnered with BAE Systems under a UK government defense contract to manufacture artillery barrel forgings, reinforcing domestic defense manufacturing capabilities.
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Metal Forging Market Key Players Are
- Wyman Gordon
- Shultz Steel
- Consolidated Industries, Inc.
- Pacific Forge Incorporated
- Otto Fuchs KG
- Weber Metals California
- ATI Ladish LLC
- Patriot Forge Co.
- Arconic Corporation
- Alcoa Corporation
- voestalpine BÖHLER Aerospace GmbH & Co KG
- China National Erzhong Group Deyang Wanhang Die Forging Co., Ltd.
- ThyssenKrupp AG
- Scot Forge Company
- Precision Castparts Corp
- Bruck GmbH
- ELLWOOD Group Inc.
- Lolu Alloys Ltd
- Ovako AB
- Celsa Group
Metal Forging Market Report Scope
| Report Attributes | Details |
| Market Size in 2025 | USD 83.71 Billion |
| Market Size by 2035 | USD 154.68 Billion |
| CAGR | CAGR of 6.45% From 2026 to 2035 |
| Base Year | 2025 |
| Forecast Period | 2026-2035 |
| Historical Data | 2022-2024 |
| Key Segments | • By Raw Material (Carbon Steel, Alloy Steel, Stainless Steel, Aluminum, Magnesium, Titanium, Others) • By Technology (Closed Die, Open Die, Others) • By End-User (Automotive, Mechanical Equipment, Aerospace & Railways, Others) |
| Regional Analysis/Coverage | North America (US, Canada), Europe (Germany, UK, France, Italy, Spain, Russia, Poland, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN Countries, Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Mexico, Colombia, Rest of Latin America). |
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Frequently Asked Questions
Q: Which region dominated the Metal Forging Market in 2025?
A: Asia Pacific dominated with around 42.30% share in 2025.
Q: Which segment dominated the Metal Forging Market?
A: Carbon Steel dominated by raw material with around 43.80% share, and Closed Die dominated by technology with around 67.40% share in 2025.
Q: What was the size of the Metal Forging Market in 2025?
A: The market was valued at USD 83.71 billion in 2025.
Q: What is the major growth factor driving the Metal Forging Market?
A: Rising demand for high-strength components in the automotive and aerospace industries is the major growth driver.
Q: What is the expected CAGR of the Metal Forging Market from 2026 to 2035?
A: The market is expected to grow at a CAGR of 6.45% from 2026 to 2035.
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