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Japan Metal Forging Market

ID: MRFR/CnM/47528-HCR
111 Pages
Chitranshi Jaiswal
October 2025

Japan Metal Forging Market Research Report: By Raw Material (Steel, Aluminum, Magnesium, Nickel-Based Alloys, Titanium, Other), By Type (Closed-die Forging, Open-die Forging, Others) and By End-use (Automotive, Aerospace & Defense, Aircraft Engine, Others, Power, Building & Construction, Oil & Gas, Metalworking) - Forecast to 2035.

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Japan Metal Forging Market Summary

As per analysis, the Japan metal forging market is projected to grow from USD 5.91 Billion in 2024 to USD 6.37 Billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.85% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The Japan metal forging market is experiencing a dynamic evolution driven by technological advancements and sustainability initiatives.

  • The automotive segment remains the largest contributor to the metal forging market in Japan, reflecting robust demand for high-performance components.
  • The aerospace segment is identified as the fastest-growing area, propelled by increasing investments in advanced aircraft technologies.
  • Technological innovations in forging processes are enhancing efficiency and product quality across various applications.
  • Rising demand in the automotive sector and government support for sustainability initiatives are key drivers shaping the market landscape.

Market Size & Forecast

2024 Market Size 5.91 (USD Billion)
2035 Market Size 13.57 (USD Billion)
CAGR (2025 - 2035) 7.85%

Major Players

Mitsubishi Materials Corporation (JP), Sumitomo Metal Industries (JP), Hitachi Metals Ltd. (JP), Kobe Steel Ltd. (JP), Nippon Steel Corporation (JP), Daido Steel Co., Ltd. (JP), Aichi Steel Corporation (JP), Furukawa Electric Co., Ltd. (JP)

Japan Metal Forging Market Trends

The Japan metal forging market is characterized by its advanced technological capabilities and a strong emphasis on precision engineering. This sector plays a crucial role in various industries, including automotive, aerospace, and machinery manufacturing. The market benefits from Japan's robust industrial base, which is supported by a skilled workforce and a commitment to innovation. As companies increasingly adopt automation and digital technologies, the landscape of metal forging is evolving, leading to enhanced efficiency and product quality. Furthermore, the focus on sustainability and environmentally friendly practices is becoming more pronounced, as manufacturers seek to reduce their carbon footprint and comply with stringent regulations. In addition, the Japan metal forging market is witnessing a shift towards lightweight materials and complex geometries, driven by the demand for improved performance and fuel efficiency in vehicles. This trend is likely to influence the types of materials used in forging processes, with an increasing preference for high-strength alloys and composites. As the market continues to adapt to these changes, collaboration between industry players and research institutions is expected to foster innovation and drive growth. Overall, the Japan metal forging market appears poised for continued development, with opportunities arising from technological advancements and evolving consumer preferences.

Technological Advancements

The Japan metal forging market is experiencing a wave of technological advancements, particularly in automation and digitalization. These innovations enhance production efficiency and precision, allowing manufacturers to meet the increasing demands for high-quality forged components. Companies are investing in smart manufacturing technologies, which streamline operations and reduce waste, thereby improving overall productivity.

Sustainability Initiatives

Sustainability initiatives are gaining traction within the Japan metal forging market, as manufacturers strive to minimize their environmental impact. This trend includes the adoption of eco-friendly practices, such as energy-efficient processes and the use of recyclable materials. Regulatory pressures and consumer preferences for sustainable products are driving this shift, prompting companies to innovate in their forging techniques.

Shift Towards Lightweight Materials

There is a notable shift towards lightweight materials in the Japan metal forging market, driven by the automotive and aerospace sectors' demand for improved fuel efficiency and performance. Manufacturers are increasingly exploring high-strength alloys and advanced composites, which offer the necessary strength while reducing weight. This trend is likely to shape future product development and forging techniques.

Market Segment Insights

By Application: Automotive (Largest) vs. Aerospace (Fastest-Growing)

In the Japan metal forging market, the automotive sector holds the largest share, driven by the country's robust automotive industry. Companies are increasingly focusing on advanced forging techniques that enhance durability and reduce weight in vehicles. Other important applications include aerospace, industrial machinery, construction, and energy, each contributing to the overall market landscape by catering to specialized needs in their respective fields.

Automotive: Dominant vs. Aerospace: Emerging

The automotive sector represents the dominant application in the Japan metal forging market, characterized by high-volume production and strict quality standards. Manufacturers are prioritizing lightweight materials and enhanced performance, which are critical in meeting regulatory requirements and consumer demands. Meanwhile, the aerospace sector is emerging rapidly, fueled by rising investments in air travel and defense. This segment requires highly specialized forged products that ensure safety and performance, resulting in significant research and development activities. As such, while automotive remains established, the aerospace segment is becoming increasingly vital for long-term growth in the market.

By End Use: Transportation (Largest) vs. Manufacturing (Fastest-Growing)

In the Japan metal forging market, the end-use segment is diversified across several industries, with transportation accounting for the largest share. This segment benefits from the booming automotive industry, which continues to demand high-quality forged components for vehicles. Manufacturing follows as a significant contributor, driven by the need for durable materials in various applications, although it holds a smaller share compared to transportation. Other end uses like power generation, mining, and agriculture also play a role but remain comparatively niche. The growth trends in Japan's metal forging market are primarily driven by increasing demand in the transportation sector, especially with advancements in electric vehicles and lightweight materials. Manufacturing is witnessing rapid growth due to the rise in automation and the need for precision-engineered parts in machinery. The power generation and mining sectors are seeing stable demand as infrastructure projects ramp up, while agriculture is gradually adopting forged products to enhance equipment efficiency. Overall, the end-use segment reflects the nation's industrial evolution and technological advancements, presenting opportunities for future expansion.

Transportation (Dominant) vs. Manufacturing (Emerging)

In the Japan metal forging market, the transportation segment is undeniably dominant due to its reliance on forged components for automotive and aerospace applications. This segment's strength lies in its ability to produce lightweight yet strong materials essential for modern vehicles, contributing significantly to energy efficiency. On the other hand, the manufacturing segment is emerging rapidly, driven by technological advancements and the increasing need for custom-engineered components in various industries. This sector is adapting to innovations in robotics and smart manufacturing, positioning itself to capture market share through enhanced operational efficiencies. Both segments illustrate a dynamic interplay where transportation reaffirms its supremacy, while manufacturing gears up as a key player in future growth.

By Material Type: Steel (Largest) vs. Aluminum (Fastest-Growing)

In the Japan metal forging market, the material types exhibit varied market share distributions. Steel holds a dominant position as the largest segment due to its extensive use in construction, automotive, and machinery applications. Following steel, aluminum is experiencing rapid growth as industries shift towards lightweight materials that enhance fuel efficiency and reduce emissions. Titanium, copper, and nickel form smaller segments but play essential roles in specialized industries such as aerospace and electronics.

Metal Type: Steel (Dominant) vs. Aluminum (Emerging)

Steel remains the dominant force in the Japan metal forging market, recognized for its versatility and strength, making it the go-to material for heavy-duty applications. Its extensive use spans across construction, automotive, and manufacturing sectors. On the other hand, aluminum is emerging as a favored alternative, particularly in industries requiring lightweight solutions. Its rapid growth is driven by innovation and the automotive industry's increased emphasis on energy efficiency and sustainability. As Japan's industries evolve towards eco-friendliness, both materials are poised to coexist, addressing different requirements and preferences in the forging landscape.

By Process Type: Hot Forging (Largest) vs. Cold Forging (Fastest-Growing)

In the Japan metal forging market, the process type exhibits diverse dynamics, with hot forging leading as the largest segment due to its widespread application in producing components with complex shapes and superior mechanical properties. Cold forging closely follows, holding a growing share owing to its advantages in precision and surface finish, appealing to industries requiring high-quality outputs. Warm forging, die forging, and open die forging although significant, tend to have smaller market shares and serve niche applications.

Hot Forging (Dominant) vs. Cold Forging (Emerging)

Hot forging is characterized by its ability to manipulate materials at elevated temperatures, optimizing the metal's ductility and minimizing the energy required for shape changes, making it ideal for heavy-duty applications in automotive and aerospace industries. In contrast, cold forging has emerged as a preferred technique for producing parts that necessitate tighter tolerances and better surface quality; it is gaining traction in sectors focusing on lightweight and high-strength components. This evolving landscape indicates a shift in preference toward cold forging, driven by advancements in material science and increasing demand for efficiency.

Get more detailed insights about Japan Metal Forging Market

Key Players and Competitive Insights

The metal forging market in Japan is characterized by a competitive landscape that is both dynamic and multifaceted. Key growth drivers include advancements in manufacturing technologies, increasing demand for high-performance materials, and a focus on sustainability. Major players such as Mitsubishi Materials Corporation (Japan), Sumitomo Metal Industries (Japan), and Nippon Steel Corporation (Japan) are strategically positioned to leverage these trends. Mitsubishi Materials Corporation (Japan) emphasizes innovation in its product offerings, particularly in aerospace and automotive applications, while Sumitomo Metal Industries (Japan) focuses on expanding its global footprint through strategic partnerships and acquisitions. Nippon Steel Corporation (Japan) is enhancing its operational efficiency through digital transformation initiatives, which collectively shape a competitive environment that is increasingly reliant on technological advancements and strategic collaborations.

In terms of business tactics, companies are localizing manufacturing to reduce lead times and optimize supply chains. The market structure appears moderately fragmented, with several key players exerting considerable influence. This fragmentation allows for niche players to thrive, while larger corporations capitalize on economies of scale and advanced technologies. The collective influence of these key players fosters a competitive atmosphere where innovation and operational excellence are paramount.

In November 2025, Mitsubishi Materials Corporation (Japan) announced a partnership with a leading aerospace manufacturer to develop advanced forging techniques aimed at reducing weight and enhancing performance in aircraft components. This strategic move is likely to position Mitsubishi as a frontrunner in the aerospace sector, aligning with the industry's increasing demand for lightweight materials and innovative manufacturing processes.

In October 2025, Sumitomo Metal Industries (Japan) completed the acquisition of a European forging company, thereby expanding its market presence and diversifying its product portfolio. This acquisition is significant as it not only enhances Sumitomo's capabilities in high-strength steel but also allows for greater access to European markets, which are increasingly focused on sustainable manufacturing practices.

In September 2025, Nippon Steel Corporation (Japan) launched a new digital platform aimed at optimizing its supply chain management processes. This initiative is indicative of the broader trend towards digitalization within the industry, as companies seek to enhance operational efficiency and responsiveness to market demands. By integrating AI and data analytics, Nippon Steel is likely to improve its decision-making processes and reduce operational costs.

As of December 2025, current competitive trends in the metal forging market are heavily influenced by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming increasingly important, as companies recognize the need to collaborate in order to innovate and meet evolving customer demands. The competitive differentiation is expected to shift from traditional price-based competition to a focus on innovation, technology, and supply chain reliability, suggesting that companies that invest in these areas will likely emerge as leaders in the market.

Key Companies in the Japan Metal Forging Market market include

Industry Developments

Recent developments in the Japan Metal Forging Market indicate a robust growth trajectory influenced by increasing demand in the automotive and aerospace sectors. Major players such as JFE Steel Corporation and Kobe Steel are expanding their production capacities to cater to the rising needs. In June 2023, Fujikura Kasei announced a joint venture with a leading automotive manufacturer to innovate in lightweight metal forging technology.

Additionally, Sumitomo Metal Industries acquired a precision forging company in July 2023, enhancing its portfolio in sustainable manufacturing practices aimed at reducing carbon emissions. Current affairs point towards heightened investment in Research and Development activities, particularly in sustainable materials, as Japan adopts stricter environmental regulations.

In May 2022, corporates like Hitachi Metals expanded their market presence by launching new product lines tailored to meet industry-specific requirements. The overall market valuation of companies like Daido Steel and Toyota Tsusho is witnessing a significant increase, influenced by advancements in automation and smart manufacturing.

These developments underscore the dynamic nature of the Japan Metal Forging Market, which is increasingly adapting to global trends and technological advancements, positioning itself for future growth.

Future Outlook

Japan Metal Forging Market Future Outlook

The Japan metal forging market is poised for growth at 7.85% CAGR from 2024 to 2035, driven by technological advancements, increased demand in automotive, and infrastructure development.

New opportunities lie in:

  • Investment in advanced automation technologies for enhanced production efficiency.
  • Development of lightweight forged components for electric vehicles.
  • Expansion into renewable energy sector with specialized forging solutions.

By 2035, the market is expected to achieve robust growth, solidifying its competitive position.

Market Segmentation

Japan Metal Forging Market End Use Outlook

  • Transportation
  • Manufacturing
  • Power Generation
  • Mining
  • Agriculture

Japan Metal Forging Market Application Outlook

  • Automotive
  • Aerospace
  • Industrial Machinery
  • Construction
  • Energy

Japan Metal Forging Market Process Type Outlook

  • Hot Forging
  • Cold Forging
  • Warm Forging
  • Die Forging
  • Open Die Forging

Japan Metal Forging Market Material Type Outlook

  • Steel
  • Aluminum
  • Titanium
  • Copper
  • Nickel

Report Scope

MARKET SIZE 20245.91(USD Billion)
MARKET SIZE 20256.37(USD Billion)
MARKET SIZE 203513.57(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)7.85% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledMitsubishi Materials Corporation (JP), Sumitomo Metal Industries (JP), Hitachi Metals Ltd. (JP), Kobe Steel Ltd. (JP), Nippon Steel Corporation (JP), Daido Steel Co., Ltd. (JP), Aichi Steel Corporation (JP), Furukawa Electric Co., Ltd. (JP)
Segments CoveredApplication, End Use, Material Type, Process Type
Key Market OpportunitiesAdoption of advanced automation technologies enhances efficiency in the Japan metal forging market.
Key Market DynamicsTechnological advancements and stringent regulations drive innovation and efficiency in Japan's metal forging market.
Countries CoveredJapan

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FAQs

What is the expected market size of the Japan Metal Forging Market in 2024?

The Japan Metal Forging Market is expected to be valued at 6.8 billion USD in 2024.

What will the market size of the Japan Metal Forging Market be by 2035?

By 2035, the overall market size is projected to reach approximately 12.89 billion USD.

What is the expected compound annual growth rate (CAGR) for the Japan Metal Forging Market from 2025 to 2035?

The expected CAGR for the Japan Metal Forging Market from 2025 to 2035 is 5.986 percent.

Which raw material segment will dominate the Japan Metal Forging Market by 2035?

Steel is anticipated to dominate the market, growing from 2.5 billion USD in 2024 to 4.9 billion USD in 2035.

What is the market size for Aluminum in the Japan Metal Forging Market by 2035?

The Aluminum segment is expected to grow from 1.7 billion USD in 2024 to 3.3 billion USD by 2035.

Who are the key players in the Japan Metal Forging Market?

Key players in the Japan Metal Forging Market include Toho Titanium, Fujikura Kasei, Kyoei Steel, and Nippon Steel Corporation.

What are the projected values of the Magnesium segment in the Japan Metal Forging Market by 2035?

The Magnesium segment is expected to grow from 0.5 billion USD in 2024 to 1.0 billion USD by 2035.

What is the market size for Nickel-Based Alloys in the Japan Metal Forging Market by 2035?

Nickel-Based Alloys are projected to increase from 1.0 billion USD in 2024 to 1.9 billion USD by 2035.

How is the Titanium segment expected to perform in the Japan Metal Forging Market by 2035?

The Titanium segment is forecasted to grow from 1.1 billion USD in 2024 to 1.7 billion USD in 2035.

What are the major growth drivers for the Japan Metal Forging Market?

Key growth drivers include increasing demand from the automotive and aerospace industries, enhancing manufacturing technologies, and rising investments in infrastructure.

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