The global metal forging market size is expected to reach USD 145.44 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.7% during the forecast period. Rising awareness about climate change and increasing investment in renewables, especially in wind and hydro, by governments is expected to boost the consumption of forged components. Thus, this...

The global metal forging market size was valued at USD 74.36 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 7.7% from 2022 to 2030. The demand for metal forged parts from the aerospace industry is driven by the rise in the number of flyers across the globe, which is propelling aircraft production and benefitting market growth. For instance, in 2021, Boeing...

Metal Forging Industry Overview The global metal forging market was valued at USD 94.38 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 7.4% from 2025 to 2030. Several factors are driving the market's expansion, particularly the increasing demand for lightweight and high-strength materials across various sectors such as automotive, aerospace, and...

Metal Forging Industry The global metal forging market was valued at USD 74.36 billion in 2021, and it is anticipated to expand at a compound annual growth rate (CAGR) of 7.7% from 2022 to 2030. One of the significant factors driving the demand for metal forged parts is the aerospace industry, which has seen a notable increase in the number of flyers globally. This surge in air travel is...

Metal Forging Industry The global metal forging market was valued at USD 74.36 billion in 2021, and it is anticipated to expand at a compound annual growth rate (CAGR) of 7.7% from 2022 to 2030. One of the significant factors driving the demand for metal forged parts is the aerospace industry, which has seen a notable increase in the number of flyers globally. This surge in air travel is...

Metal Forging Industry The global metal forging market was valued at USD 74.36 billion in 2021, and it is anticipated to expand at a compound annual growth rate (CAGR) of 7.7% from 2022 to 2030. One of the significant factors driving the demand for metal forged parts is the aerospace industry, which has seen a notable increase in the number of flyers globally. This surge in air travel is...