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Forging
Forging is a manufacturing process involving the shaping of metal using localized compressive forces. The blows are delivered with a hammer (often a power hammer) or a die. Forging is often classified according to the temperature at which it is performed: cold forging (a type of cold working), warm forging, or hot forging (a type of hot working). For the latter two, the metal is heated, usually in a forge. Forged parts can range in weight from less than a kilogram to hundreds of metric tons. Forging has been done by smiths for millennia; the traditional products were kitchenware, hardware, hand tools, edged weapons, cymbals, and jewellery. Since the Industrial Revolution, forged parts are widely used in mechanisms and machines wherever a component requires high strength; such forgings usually require further processing (such as machining) to achieve a finished part. Today, forging is a major worldwide industry.
Product & engineering
Understand the product.
Forging is a manufacturing process involving the shaping of metal using localized compressive forces. The blows are delivered with a hammer (often a power hammer) or a die. Forging is often classified according to the temperature at which it is performed: cold forging (a type of cold working), warm forging, or hot forging (a type of hot working). For the latter two, the metal is heated, usually in a forge. Forged parts can range in weight from less than a kilogram to hundreds of metric tons. Forging has been done by smiths for millennia; the traditional products were kitchenware, hardware, hand tools, edged weapons, cymbals, and jewellery. Since the Industrial Revolution, forged parts are widely used in mechanisms and machines wherever a component requires high strength; such forgings usually require further processing (such as machining) to achieve a finished part. Today, forging is a major worldwide industry.
Selected research
Industry Research
Forging Industry Research Report 2026
Market perspective
Forging is a manufacturing process involving the shaping of metal using localized compressive forces. The blows are delivered with a hammer (often a power hammer) or a die. Forging is often classified according to the temperature at which it is performed: cold forging (a type of cold working), warm forging, or hot forging (a type of hot working). For the latter two, the metal is heated, usually in a forge. Forged parts can range in weight from less than a kilogram to hundreds of metric tons. Forging has been done by smiths for millennia; the traditional products were kitchenware, hardware, hand tools, edged weapons, cymbals, and jewellery. Since the Industrial Revolution, forged parts are widely used in mechanisms and machines wherever a component requires high strength; such forgings usually require further processing (such as machining) to achieve a finished part. Today, forging is a major worldwide industry.
Global Forging key players include Precision Castparts Corp, Arconic, Thyssenkrupp, KOBELCO, Nippon Steel & Sumitomo Metal, etc. Global top five manufacturers hold a share about 15%. China is the largest market, with a share about 30%, followed by Europe, with a share about 25 percent. In terms of product, Closed Die Forgings is the largest segment, with a share about 80%. And in terms of application, the largest application is Automotive, followed by General Industrial, Aerospace, Agricultural, etc.
Report Scope
Read the full market overview
This report quantifies the global Forging market in revenue (US$ million) and, where applicable, sales volume (K MT), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/K MT) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Forging.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Forging Market by Company
Nippon Steel & Sumitomo Metal
Aichi Steel
Thyssenkrupp
AAM
Bharat Forge
KOBELCO
WanXiang
FAW
Arconic
Mahindra Forgings Europe
Farinia
Longcheng Forging
Sinotruck
Dongfeng Forging
Jiangsu Pacific Precision Forging
Sypris Solutions
Ashok Leyland
Allegheny Technologies
VDM Metals
CITIC Heavy Industries
Forging Segment by Type
Closed Die Forgings
Open Die Forgings
Rolled Rings Forgings
Forging Segment by Application
Automotive
Aerospace
Agricultural
General Industrial
Other
Forging Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Forging market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Forging and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Forging.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Forging manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Forging by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Forging in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Closed Die Forgings
- Open Die Forgings
- Rolled Rings Forgings
Applications
- Automotive
- Aerospace
- Agricultural
- General Industrial
- Other
Companies covered
- Nippon Steel & Sumitomo Metal
- Aichi Steel
- Thyssenkrupp
- AAM
- Bharat Forge
- KOBELCO
- WanXiang
- FAW
- Arconic
- Mahindra Forgings Europe
- Farinia
- Longcheng Forging
- Sinotruck
- Dongfeng Forging
- Jiangsu Pacific Precision Forging
- Sypris Solutions
- Ashok Leyland
- Allegheny Technologies
- VDM Metals
- CITIC Heavy Industries
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Forging by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Closed Die Forgings
- 2.2.3 Open Die Forgings
- 2.2.4 Rolled Rings Forgings
- 2.3 Forging by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Automotive
- 2.3.3 Aerospace
- 2.3.4 Agricultural
- 2.3.5 General Industrial
- 2.3.6 Other
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Forging Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Forging Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Forging Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Forging Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Forging Production by Manufacturers (2021-2026)
- 3.2 Global Forging Production Value by Manufacturers (2021-2026)
- 3.3 Global Forging Average Price by Manufacturers (2021-2026)
- 3.4 Global Forging Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Forging Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Forging Manufacturers, Product Type & Application
- 3.7 Global Forging Manufacturers Established Date
- 3.8 Global Forging Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Nippon Steel & Sumitomo Metal
- 4.1.1 Nippon Steel & Sumitomo Metal Forging Company Information
- 4.1.2 Nippon Steel & Sumitomo Metal Forging Business Overview
- 4.1.3 Nippon Steel & Sumitomo Metal Forging Production Capacity, Value and Gross Margin (2021-2026)
- 4.1.4 Nippon Steel & Sumitomo Metal Product Portfolio
- 4.1.5 Nippon Steel & Sumitomo Metal Recent Developments
- 4.2 Aichi Steel
- 4.2.1 Aichi Steel Forging Company Information
- 4.2.2 Aichi Steel Forging Business Overview
- 4.2.3 Aichi Steel Forging Production Capacity, Value and Gross Margin (2021-2026)
- 4.2.4 Aichi Steel Product Portfolio
- 4.2.5 Aichi Steel Recent Developments
- 4.3 Thyssenkrupp
- 4.3.1 Thyssenkrupp Forging Company Information
- 4.3.2 Thyssenkrupp Forging Business Overview
- 4.3.3 Thyssenkrupp Forging Production Capacity, Value and Gross Margin (2021-2026)
- 4.3.4 Thyssenkrupp Product Portfolio
- 4.3.5 Thyssenkrupp Recent Developments
- 4.4 AAM
- 4.4.1 AAM Forging Company Information
- 4.4.2 AAM Forging Business Overview
- 4.4.3 AAM Forging Production Capacity, Value and Gross Margin (2021-2026)
- 4.4.4 AAM Product Portfolio
- 4.4.5 AAM Recent Developments
- 4.5 Bharat Forge
- 4.5.1 Bharat Forge Forging Company Information
- 4.5.2 Bharat Forge Forging Business Overview
- 4.5.3 Bharat Forge Forging Production Capacity, Value and Gross Margin (2021-2026)
- 4.5.4 Bharat Forge Product Portfolio
- 4.5.5 Bharat Forge Recent Developments
- 4.6 KOBELCO
- 4.6.1 KOBELCO Forging Company Information
- 4.6.2 KOBELCO Forging Business Overview
- 4.6.3 KOBELCO Forging Production Capacity, Value and Gross Margin (2021-2026)
- 4.6.4 KOBELCO Product Portfolio
- 4.6.5 KOBELCO Recent Developments
- 4.7 WanXiang
- 4.7.1 WanXiang Forging Company Information
- 4.7.2 WanXiang Forging Business Overview
- 4.7.3 WanXiang Forging Production Capacity, Value and Gross Margin (2021-2026)
- 4.7.4 WanXiang Product Portfolio
- 4.7.5 WanXiang Recent Developments
- 4.8 FAW
- 4.8.1 FAW Forging Company Information
- 4.8.2 FAW Forging Business Overview
- 4.8.3 FAW Forging Production Capacity, Value and Gross Margin (2021-2026)
- 4.8.4 FAW Product Portfolio
- 4.8.5 FAW Recent Developments
- 4.9 Arconic
- 4.9.1 Arconic Forging Company Information
- 4.9.2 Arconic Forging Business Overview
- 4.9.3 Arconic Forging Production Capacity, Value and Gross Margin (2021-2026)
- 4.9.4 Arconic Product Portfolio
- 4.9.5 Arconic Recent Developments
- 4.10 Mahindra Forgings Europe
- 4.10.1 Mahindra Forgings Europe Forging Company Information
- 4.10.2 Mahindra Forgings Europe Forging Business Overview
- 4.10.3 Mahindra Forgings Europe Forging Production Capacity, Value and Gross Margin (2021-2026)
- 4.10.4 Mahindra Forgings Europe Product Portfolio
- 4.10.5 Mahindra Forgings Europe Recent Developments
- 4.11 Farinia
- 4.11.1 Farinia Forging Company Information
- 4.11.2 Farinia Forging Business Overview
- 4.11.3 Farinia Forging Production Capacity, Value and Gross Margin (2021-2026)
- 4.11.4 Farinia Product Portfolio
- 4.11.5 Farinia Recent Developments
- 4.12 Longcheng Forging
- 4.12.1 Longcheng Forging Forging Company Information
- 4.12.2 Longcheng Forging Forging Business Overview
- 4.12.3 Longcheng Forging Forging Production Capacity, Value and Gross Margin (2021-2026)
- 4.12.4 Longcheng Forging Product Portfolio
- 4.12.5 Longcheng Forging Recent Developments
- 4.13 Sinotruck
- 4.13.1 Sinotruck Forging Company Information
- 4.13.2 Sinotruck Forging Business Overview
- 4.13.3 Sinotruck Forging Production Capacity, Value and Gross Margin (2021-2026)
- 4.13.4 Sinotruck Product Portfolio
- 4.13.5 Sinotruck Recent Developments
- 4.14 Dongfeng Forging
- 4.14.1 Dongfeng Forging Forging Company Information
- 4.14.2 Dongfeng Forging Forging Business Overview
- 4.14.3 Dongfeng Forging Forging Production Capacity, Value and Gross Margin (2021-2026)
- 4.14.4 Dongfeng Forging Product Portfolio
- 4.14.5 Dongfeng Forging Recent Developments
- 4.15 Jiangsu Pacific Precision Forging
- 4.15.1 Jiangsu Pacific Precision Forging Forging Company Information
- 4.15.2 Jiangsu Pacific Precision Forging Forging Business Overview
- 4.15.3 Jiangsu Pacific Precision Forging Forging Production Capacity, Value and Gross Margin (2021-2026)
- 4.15.4 Jiangsu Pacific Precision Forging Product Portfolio
- 4.15.5 Jiangsu Pacific Precision Forging Recent Developments
- 4.16 Sypris Solutions
- 4.16.1 Sypris Solutions Forging Company Information
- 4.16.2 Sypris Solutions Forging Business Overview
- 4.16.3 Sypris Solutions Forging Production Capacity, Value and Gross Margin (2021-2026)
- 4.16.4 Sypris Solutions Product Portfolio
- 4.16.5 Sypris Solutions Recent Developments
- 4.17 Ashok Leyland
- 4.17.1 Ashok Leyland Forging Company Information
- 4.17.2 Ashok Leyland Forging Business Overview
- 4.17.3 Ashok Leyland Forging Production Capacity, Value and Gross Margin (2021-2026)
- 4.17.4 Ashok Leyland Product Portfolio
- 4.17.5 Ashok Leyland Recent Developments
- 4.18 Allegheny Technologies
- 4.18.1 Allegheny Technologies Forging Company Information
- 4.18.2 Allegheny Technologies Forging Business Overview
- 4.18.3 Allegheny Technologies Forging Production Capacity, Value and Gross Margin (2021-2026)
- 4.18.4 Allegheny Technologies Product Portfolio
- 4.18.5 Allegheny Technologies Recent Developments
- 4.19 VDM Metals
- 4.19.1 VDM Metals Forging Company Information
- 4.19.2 VDM Metals Forging Business Overview
- 4.19.3 VDM Metals Forging Production Capacity, Value and Gross Margin (2021-2026)
- 4.19.4 VDM Metals Product Portfolio
- 4.19.5 VDM Metals Recent Developments
- 4.20 CITIC Heavy Industries
- 4.20.1 CITIC Heavy Industries Forging Company Information
- 4.20.2 CITIC Heavy Industries Forging Business Overview
- 4.20.3 CITIC Heavy Industries Forging Production Capacity, Value and Gross Margin (2021-2026)
- 4.20.4 CITIC Heavy Industries Product Portfolio
- 4.20.5 CITIC Heavy Industries Recent Developments
5 Global Forging Production by Region
- 5.1 Global Forging Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Forging Production by Region: 2021-2032
- 5.2.1 Global Forging Production by Region: 2021-2026
- 5.2.2 Global Forging Production Forecast by Region (2027-2032)
- 5.3 Global Forging Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Forging Production Value by Region: 2021-2032
- 5.4.1 Global Forging Production Value by Region: 2021-2026
- 5.4.2 Global Forging Production Value Forecast by Region (2027-2032)
- 5.5 Global Forging Market Price Analysis by Region (2021-2026)
- 5.6 Global Forging Production and Value, YOY Growth
- 5.6.1 North America Forging Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Forging Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Forging Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Forging Production Value Estimates and Forecasts (2021-2032)
6 Global Forging Consumption by Region
- 6.1 Global Forging Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Forging Consumption by Region (2021-2032)
- 6.2.1 Global Forging Consumption by Region: 2021-2026
- 6.2.2 Global Forging Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Forging Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Forging Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Forging Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Forging Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Forging Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Forging Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Forging Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Forging Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Forging Production by Type (2021-2032)
- 7.1.1 Global Forging Production by Type (2021-2032) & (K MT)
- 7.1.2 Global Forging Production Market Share by Type (2021-2032)
- 7.2 Global Forging Production Value by Type (2021-2032)
- 7.2.1 Global Forging Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Forging Production Value Market Share by Type (2021-2032)
- 7.3 Global Forging Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Forging Production by Application (2021-2032)
- 8.1.1 Global Forging Production by Application (2021-2032) & (K MT)
- 8.1.2 Global Forging Production Market Share by Application (2021-2032)
- 8.2 Global Forging Production Value by Application (2021-2032)
- 8.2.1 Global Forging Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Forging Production Value Market Share by Application (2021-2032)
- 8.3 Global Forging Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Forging Value Chain Analysis
- 9.1.1 Forging Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Forging Production Mode & Process
- 9.2 Forging Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Forging Distributors
- 9.2.3 Forging Customers
10 Global Forging Analyzing Market Dynamics
- 10.1 Forging Industry Trends
- 10.2 Forging Industry Drivers
- 10.3 Forging Industry Opportunities and Challenges
- 10.4 Forging Industry Restraints
11 Report Conclusion
12 Disclaimer
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