Chapter 1. Preface

1.1 Report Description and Scope
1.2 Research Scope
1.3 Research Methodology
1.3.1 Market Research Type
1.3.2 Market Research Methodology

Chapter 2. Executive Summary

2.1 Global Forging Market, (2026 - 2035) (USD Billion)
2.2 Global Forging Market: Snapshot

Chapter 3. Global Forging Market - Industry Analysis

3.1 Forging Market: Market Dynamics
3.2 Market Drivers
3.2.1 Expanding as "Physical AI" and smart-factory automation optimize the production of high-performance components for EVs and advanced aircraft, while the surge in global infrastructure and renewable energy projects drives a shift toward energy-efficient "green forging" techniques and lightweight alloys.
3.3 Market Restraints
3.3.1 A "profitability squeeze" from an 18% surge in cold-chain energy costs and raw material volatility, alongside a critical shortage of 1.9 million skilled workers and intense competition from additive manufacturing's 25% annual growth in serial production.
3.4 Market Opportunities
3.4.1 Capitalizing on the high-margin "Physical AI" revolution, where hybrid 3D-printing-forging techniques and precision-forged titanium alloys for EV drivetrains and offshore wind turbines are projected to drive a $122.6 billion market valuation.
3.5 Market Challenges
3.5.1 A "margin squeeze" from volatile raw material prices and the EU's new January 2026 Carbon Border Adjustment Mechanism (CBAM), alongside a critical global shortage of 7.9 million skilled workers and fierce competition from a $44.5 billion additive manufacturing sector.
3.6 Porter’s Five Forces Analysis
3.7 Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Type
3.7.2 Market Attractiveness Analysis By Application

Chapter 4. Global Forging Market- Competitive Landscape

4.1 Company Market Share Analysis
4.1.1 Global Forging Market: Company Market Share, 2025
4.2 Strategic Development
4.2.1 Acquisitions & mergers
4.2.2 New Product launches
4.2.3 Agreements, partnerships, collaborations, and joint ventures
4.2.4 Research and development and regional expansion
4.3 Price Trend Analysis

Chapter 5. Global Forging Market - Type Analysis

5.1 Global Forging Market Overview: Type
5.1.1 Global Forging Market share, By Type, 2025 and 2035
5.2 Closed Die Forgings
5.2.1 Global Forging Market by Closed Die Forgings, 2026 - 2035 (USD Billion)
5.3 Open Die Forgings
5.3.1 Global Forging Market by Open Die Forgings, 2026 - 2035 (USD Billion)
5.4 Rolled Rings Forgings
5.4.1 Global Forging Market by Rolled Rings Forgings, 2026 - 2035 (USD Billion)

Chapter 6. Global Forging Market - Application Analysis

6.1 Global Forging Market Overview: Application
6.1.1 Global Forging Market Share, By Application, 2025 and 2035
6.2 Automotive
6.2.1 Global Forging Market by Automotive, 2026 - 2035 (USD Billion)
6.3 Aerospace
6.3.1 Global Forging Market by Aerospace, 2026 - 2035 (USD Billion)
6.4 Agricultural
6.4.1 Global Forging Market by Agricultural, 2026 - 2035 (USD Billion)
6.5 General Industrial
6.5.1 Global Forging Market by General Industrial, 2026 - 2035 (USD Billion)
6.6 Others
6.6.1 Global Forging Market by Others, 2026 - 2035 (USD Billion)

Chapter 7. Forging Market - Regional Analysis

7.1 Global Forging Market Regional Overview
7.2 Global Forging Market Share, by Region, 2025 & 2035 (USD Billion)
7.3 North America
7.3.1 North America Forging Market, 2026 - 2035 (USD Billion)
7.3.1.1 North America Forging Market, by Country, 2026 - 2035 (USD Billion)
7.3.2 North America Forging Market, by Type, 2026 - 2035
7.3.2.1 North America Forging Market, by Type, 2026 - 2035 (USD Billion)
7.3.3 North America Forging Market, by Application, 2026 - 2035
7.3.3.1 North America Forging Market, by Application, 2026 - 2035 (USD Billion)
7.4 Europe
7.4.1 Europe Forging Market, 2026 - 2035 (USD Billion)
7.4.1.1 Europe Forging Market, by Country, 2026 - 2035 (USD Billion)
7.4.2 Europe Forging Market, by Type, 2026 - 2035
7.4.2.1 Europe Forging Market, by Type, 2026 - 2035 (USD Billion)
7.4.3 Europe Forging Market, by Application, 2026 - 2035
7.4.3.1 Europe Forging Market, by Application, 2026 - 2035 (USD Billion)
7.5 Asia Pacific
7.5.1 Asia Pacific Forging Market, 2026 - 2035 (USD Billion)
7.5.1.1 Asia Pacific Forging Market, by Country, 2026 - 2035 (USD Billion)
7.5.2 Asia Pacific Forging Market, by Type, 2026 - 2035
7.5.2.1 Asia Pacific Forging Market, by Type, 2026 - 2035 (USD Billion)
7.5.3 Asia Pacific Forging Market, by Application, 2026 - 2035
7.5.3.1 Asia Pacific Forging Market, by Application, 2026 - 2035 (USD Billion)
7.6 Latin America
7.6.1 Latin America Forging Market, 2026 - 2035 (USD Billion)
7.6.1.1 Latin America Forging Market, by Country, 2026 - 2035 (USD Billion)
7.6.2 Latin America Forging Market, by Type, 2026 - 2035
7.6.2.1 Latin America Forging Market, by Type, 2026 - 2035 (USD Billion)
7.6.3 Latin America Forging Market, by Application, 2026 - 2035
7.6.3.1 Latin America Forging Market, by Application, 2026 - 2035 (USD Billion)
7.7 The Middle-East and Africa
7.7.1 The Middle-East and Africa Forging Market, 2026 - 2035 (USD Billion)
7.7.1.1 The Middle-East and Africa Forging Market, by Country, 2026 - 2035 (USD Billion)
7.7.2 The Middle-East and Africa Forging Market, by Type, 2026 - 2035
7.7.2.1 The Middle-East and Africa Forging Market, by Type, 2026 - 2035 (USD Billion)
7.7.3 The Middle-East and Africa Forging Market, by Application, 2026 - 2035
7.7.3.1 The Middle-East and Africa Forging Market, by Application, 2026 - 2035 (USD Billion)

Chapter 8. Company Profiles

8.1 Nippon Steel & Sumitomo Metal
8.1.1 Overview
8.1.2 Financials
8.1.3 Product Portfolio
8.1.4 Business Strategy
8.1.5 Recent Developments
8.2 Thyssenkrupp
8.2.1 Overview
8.2.2 Financials
8.2.3 Product Portfolio
8.2.4 Business Strategy
8.2.5 Recent Developments
8.3 Bharat Forge
8.3.1 Overview
8.3.2 Financials
8.3.3 Product Portfolio
8.3.4 Business Strategy
8.3.5 Recent Developments
8.4 KOBELCO
8.4.1 Overview
8.4.2 Financials
8.4.3 Product Portfolio
8.4.4 Business Strategy
8.4.5 Recent Developments
8.5 Arconic
8.5.1 Overview
8.5.2 Financials
8.5.3 Product Portfolio
8.5.4 Business Strategy
8.5.5 Recent Developments
8.6 Aichi Steel
8.6.1 Overview
8.6.2 Financials
8.6.3 Product Portfolio
8.6.4 Business Strategy
8.6.5 Recent Developments
8.7 American Axle & Manufacturing (AAM)
8.7.1 Overview
8.7.2 Financials
8.7.3 Product Portfolio
8.7.4 Business Strategy
8.7.5 Recent Developments

Frequently Asked Questions

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.