Metal Forged Parts Market

Metal forged parts is a processing method that uses forging machinery to apply pressure to metal blanks to plastically deform them to obtain forgings with certain mechanical properties, shapes and sizes. Forging can eliminate defects such as as-cast looseness caused by metal in the smelting process and optimize the microstructure. At the same time, the mechanical properties of the forging are generally better than those of the same material because the complete metal streamline is preserved.
Metal Forged Parts Market contains market size and forecasts of Metal Forged Parts in global, including the following market information:
Global Metal Forged Parts Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Metal Forged Parts Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Metal Forged Parts companies in 2021 (%)
The global Metal Forged Parts market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Carbon Steel Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Metal Forged Parts include Nippon Steel, Precision Castparts, China First Heavy Industries, Bharat Forge and Kovarna VIVA, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Metal Forged Parts manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Metal Forged Parts Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Metal Forged Parts Market Segment Percentages, by Type, 2021 (%)
Carbon Steel
Alloy Steel
Aluminum Alloy
Magnesium
Stainless Steel
Titanium
Other
Global Metal Forged Parts Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Metal Forged Parts Market Segment Percentages, by Application, 2021 (%)
Car
Aviation
Petroleum Gas
Build
Agriculture
Other
Global Metal Forged Parts Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Metal Forged Parts Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Metal Forged Parts revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Metal Forged Parts revenues share in global market, 2021 (%)
Key companies Metal Forged Parts sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Metal Forged Parts sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Nippon Steel
Precision Castparts
China First Heavy Industries
Bharat Forge
Kovarna VIVA