Forging Market Size, Share & Trends Analysis Report By Type, By Application, By Region, And Segment Forecasts 2026 – 2035

Forging is a metalworking process that shapes metal using compressive forces, often with dies or hammers, to produce strong, durable components for industries like automotive and aerospace.

Key factors include demand from automotive and aerospace for high-strength parts, technological advancements in automation, raw material volatility, sustainability trends, and infrastructure growth in emerging economies.

The market is projected to grow from USD 103.88 billion in 2026 to USD 163.04 billion by 2035.

The CAGR is estimated at 5.2% during 2026-2035.

Asia Pacific will contribute notably, holding the largest share due to manufacturing hubs and industrialization.

Major players include Nippon Steel & Sumitomo Metal, Thyssenkrupp, Bharat Forge, KOBELCO, Arconic, Aichi Steel, and American Axle & Manufacturing (AAM).

The report provides insights into market size, forecasts, segmentation, regional analysis, key players, trends, dynamics, and developments.

The value chain includes raw material sourcing (metals like steel, aluminum), forging processes (compression forming), automation and technology integration (AI-IoT, 3D printing), and distribution of finished components to industries like automotive and aerospace.

Trends are evolving toward AI-IoT automation and lightweight materials, with preferences shifting to sustainable, high-performance components for EVs and aerospace.

Regulatory factors include emission standards and trade policies, while environmental factors involve sustainability demands pushing for green forging and reduced waste.