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US Metal Forging Market

ID: MRFR/CnM/11226-CR
111 Pages
Chitranshi Jaiswal
April 2025

US 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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US Metal Forging Market Summary

As per analysis, the US metal forging market is projected to grow from USD 11.33 Billion in 2025 to USD 24.12 Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 7.85% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The US metal forging market is poised for growth driven by technological advancements and increasing demand across key sectors.

  • Technological advancements in forging techniques are enhancing production efficiency and product quality.
  • Sustainability and eco-friendly practices are becoming integral to forging operations, reflecting a broader industry trend.
  • The automotive sector remains the largest segment, while aerospace is recognized as the fastest-growing segment in the market.
  • Growing demand from the automotive sector and infrastructure development initiatives are key drivers propelling market expansion.

Market Size & Forecast

2024 Market Size 10.5 (USD Billion)
2035 Market Size 24.12 (USD Billion)
CAGR (2025 - 2035) 7.85%

Major Players

Alcoa Corporation (US), Precision Castparts Corp. (US), Forged Solutions Group (US), A. Finkl & Sons Co. (US), Bucyrus International, Inc. (US), Wyman Gordon Company (US), Ellwood Group, Inc. (US), Marmon Holdings, Inc. (US), Miller Industries, Inc. (US)

US Metal Forging Market Trends

The US metal forging market is currently experiencing a dynamic evolution, driven by various factors including technological advancements and shifts in consumer demand. The industry is characterized by a diverse range of applications, spanning automotive, aerospace, and industrial machinery sectors. As manufacturers increasingly prioritize efficiency and sustainability, the adoption of innovative forging techniques appears to be on the rise. This trend may lead to enhanced product quality and reduced waste, aligning with broader environmental goals. Furthermore, the market seems to be influenced by the growing emphasis on lightweight materials, which could potentially reshape design and manufacturing processes in the coming years. In addition to technological progress, the US metal forging market is also witnessing a shift in supply chain dynamics. Domestic production capabilities are being bolstered by investments in infrastructure and workforce development. This focus on local sourcing may enhance resilience against global supply chain disruptions. Moreover, the increasing collaboration between industry players and research institutions suggests a commitment to fostering innovation. As the market continues to adapt to these changes, stakeholders are likely to explore new opportunities for growth and competitiveness, ensuring that the US metal forging sector remains robust and forward-looking.

Technological Advancements in Forging Techniques

The US metal forging market is seeing a notable shift towards advanced forging technologies. Innovations such as computer numerical control (CNC) machining and automated processes are enhancing precision and efficiency. These advancements not only improve product quality but also reduce production times, allowing manufacturers to meet the evolving demands of various industries.

Sustainability and Eco-Friendly Practices

There is a growing trend towards sustainability within the US metal forging market. Companies are increasingly adopting eco-friendly practices, such as recycling scrap metal and utilizing energy-efficient processes. This shift not only addresses environmental concerns but also aligns with consumer preferences for sustainable products, potentially enhancing brand loyalty.

Local Sourcing and Supply Chain Resilience

The focus on local sourcing is becoming more pronounced in the US metal forging market. As manufacturers seek to strengthen supply chain resilience, investments in domestic production capabilities are on the rise. This trend may lead to reduced dependency on international suppliers, fostering a more stable and responsive manufacturing environment.

US Metal Forging Market Drivers

Growing Aerospace Industry

The aerospace industry is a critical driver for the US Metal Forging Market, as it demands high-performance materials for aircraft manufacturing. In 2025, the aerospace sector is projected to account for approximately 20% of the total market share for forged components. The stringent safety and performance requirements in aerospace applications necessitate the use of forged materials, which offer superior strength and reliability. As air travel continues to expand, the US Metal Forging Market is expected to benefit from increased orders for forged parts, including landing gear and engine components, thereby bolstering overall market growth.

Rising Demand in Automotive Sector

The US Metal Forging Market is experiencing a notable surge in demand, particularly from the automotive sector. As vehicle manufacturers increasingly prioritize lightweight materials to enhance fuel efficiency, the need for forged components has escalated. In 2025, the automotive industry is projected to account for approximately 30% of the total demand for forged products. This trend is driven by the ongoing shift towards electric vehicles, which require specialized forged parts for battery housings and structural components. Consequently, the US Metal Forging Market is likely to benefit from this growing demand, as manufacturers adapt their processes to meet the evolving needs of the automotive sector.

Increased Focus on Energy Efficiency

An increased focus on energy efficiency across various industries is influencing the US Metal Forging Market. As companies strive to reduce their carbon footprint and enhance sustainability, the demand for energy-efficient forged components is rising. In 2025, it is estimated that energy-efficient products will represent around 18% of the total market demand. This trend is particularly evident in sectors such as construction and manufacturing, where forged materials are utilized to create energy-efficient machinery and equipment. Consequently, the US Metal Forging Market is likely to see a shift towards the development of innovative forged solutions that align with energy efficiency goals.

Infrastructure Development Initiatives

Infrastructure development initiatives in the United States are poised to significantly impact the US Metal Forging Market. With the federal government allocating substantial funds for infrastructure projects, including bridges, roads, and railways, the demand for forged metal components is expected to rise. In 2025, it is estimated that infrastructure projects will contribute around 25% to the overall market growth. Forged products are essential for ensuring the durability and strength of these structures, making them indispensable in construction applications. As such, the US Metal Forging Market stands to gain from these investments, which are likely to stimulate demand for high-quality forged materials.

Technological Innovations in Manufacturing

Technological innovations in manufacturing processes are transforming the US Metal Forging Market. Advancements such as computer numerical control (CNC) machining and automation are enhancing production efficiency and precision. In 2025, it is anticipated that these technologies will lead to a 15% increase in production capacity within the forging sector. This improvement not only reduces operational costs but also allows manufacturers to produce complex geometries that meet stringent industry standards. As a result, the US Metal Forging Market is likely to see a shift towards more sophisticated and high-performance forged products, catering to diverse applications across various sectors.

Market Segment Insights

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

In the US metal forging market, the automotive sector dominates the application landscape, accounting for a significant share. The continuous demand for vehicles and the shift towards electric vehicles contribute to the automotive industry's stronghold in metal forging applications. Other segments like aerospace, industrial machinery, construction, and energy make considerable contributions, albeit at relatively lower levels when compared to automotive, reflecting diversified application usage across various industries. The aerospace sector, with its focus on lightweight materials and advanced manufacturing processes, is the fastest-growing segment within the US metal forging market. The ongoing investments in aviation technology and the resurgence of air travel post-pandemic drive the growth in this segment. Additionally, the industrial machinery segment experiences steady growth due to automation and modernization, while construction and energy applications also evolve with emerging technologies and infrastructure needs.

Automotive: Dominant vs. Aerospace: Emerging

The automotive sector remains the dominant force within the US metal forging market, characterized by high production rates and substantial material requirements for various vehicle components. Steel and aluminum alloys are predominantly used, catering to the industry's need for strength and lightweight properties. Meanwhile, the aerospace sector, classified as an emerging force, is increasingly gaining prominence through innovations in material science and techniques aimed at enhancing performance in aircraft designs. This segment prioritizes precision and weight reduction, often employing advanced alloys and composite materials in forging processes. As sustainability becomes a focal point in manufacturing, both sectors are also adapting to include greener practices, driving further growth and competition.

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

In the US metal forging market, the end-use segments reveal a varied distribution of market share, with Transportation standing out as the largest segment. This dominance is driven by the automotive and aerospace industries, which require high-quality forged components for vehicles and aircraft. Manufacturing follows closely, leveraging its established processes and extensive application across numerous industries, although its share is growing rapidly due to increased demand for durable and efficient machinery parts.

Manufacturing: Transportation (Dominant) vs. Oil and Gas (Emerging)

The Transportation segment in the US metal forging market is characterized by its extensive reliance on forged components for critical applications in vehicles and aircraft, granting it a dominant market position. Conversely, the Oil and Gas sector is emerging rapidly, fueled by the increasing demand for forged products in exploration and production activities. The growth in energy needs and advances in technology further propel this sector. As sustainability and efficiency continue to shape the industry, both segments demonstrate essential roles in adapting to evolving market conditions.

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

In the US metal forging market, Steel dominates the material type segment due to its widespread applications in construction, automotive, and aerospace sectors. This significant preference is attributed to its high strength, versatility, and cost-effectiveness. Aluminum, while currently a smaller share, is gaining traction rapidly in industries focusing on lightweight and corrosion-resistant materials, especially in automotive and aerospace sectors where fuel efficiency is paramount. The growth in the aluminum segment is driven by the shift towards lightweight materials to enhance fuel efficiency in transportation and reduce emissions. Additionally, the increasing use of aluminum in consumer electronics and the push for sustainable materials are further contributing to its fast-paced growth. Steel is expected to maintain its dominance, but the trends towards environmental sustainability and efficiency are shaping a strong future for aluminum in metal forging.

Steel (Dominant) vs. Aluminum (Emerging)

Steel remains the dominant material in the US metal forging market due to its unparalleled strength and reliability across various applications, particularly in construction and heavy machinery. Its ability to endure extreme conditions while maintaining structural integrity makes it a preferred choice for many manufacturers. On the other hand, Aluminum is emerging as a vital material driven by its lightweight nature and resistance to corrosion, making it an ideal candidate for automotive and aerospace applications where reducing weight leads to better fuel efficiency. As industries evolve to favor more sustainable and efficient materials, both Steel and Aluminum will play crucial roles, with Aluminum positioned for significant growth in the coming years.

By Process Type: Closed Die Forging (Largest) vs. Precision Forging (Fastest-Growing)

In the US metal forging market, the segment distribution reveals that Closed Die Forging holds the largest share, due to its high efficiency and ability to produce complex shapes with excellent dimensional accuracy. This segment serves key industries such as automotive and aerospace, which prioritize precise components. Meanwhile, Precision Forging, while currently smaller in market share, is rapidly gaining traction due to the increasing demand for high-precision parts across various sectors, including electronics and medical devices.

Forging Techniques: Closed Die Forging (Dominant) vs. Precision Forging (Emerging)

Closed Die Forging is recognized for its ability to produce near-net-shape components, making it the dominant method in the market. This technique employs two dies and is highly effective for high-volume production, providing consistent quality and strength in the final products. On the other hand, Precision Forging is an emerging process characterized by its ability to create highly intricate geometries and superior mechanical properties. As industries push for tighter tolerances and more sophisticated designs, Precision Forging is becoming essential, leveraging advanced technologies to meet these demands.

By Product Type: Forged Bars (Largest) vs. Forged Plates (Fastest-Growing)

In the US metal forging market, the distribution of market share among product types reveals a strong preference for forged bars, which dominate this segment. This prevalence is due to their versatile applications across various industries, including automotive and aerospace. Forged plates, on the other hand, are emerging rapidly in the market as they cater to the increasing demand for innovative construction solutions, benefiting from technological advancements that enhance their usability. Growth trends in the product type segment reflect a robust upward trajectory, especially for forged plates. The rise in demand is driven by ongoing industrial expansion and the need for high-strength materials that forged plates provide. Furthermore, the increased emphasis on lightweight and durable components in various applications is propelling the growth of forged rings and fittings, making them significant contributors to market dynamics.

Forged Bars (Dominant) vs. Forged Rings (Emerging)

Forged bars continue to uphold their dominant position in the US metal forging market due to their wide applicability and reliable performance in critical structural applications. Their strength and durability make them the preferred choice for manufacturers looking for quality materials in sectors such as construction and transportation. Conversely, forged rings are gaining traction as an emerging product type, especially in high-tech applications like aerospace and high-performance engines. The growing focus on reducing weight while maintaining integrity allows forged rings to carve a niche for themselves, driven by technological innovations and increasing end-user demands for specialized products.

Get more detailed insights about US Metal Forging Market

Regional Insights

North America : Leading Global Market

The North American metal forging market is primarily driven by the robust automotive and aerospace sectors, which account for a significant portion of demand. The region holds approximately 60% of the global market share, with the United States being the largest contributor, followed by Canada. Regulatory support for manufacturing and innovation further fuels growth, as companies adapt to new technologies and sustainability practices. Key players such as Alcoa Inc, Precision Castparts Corp, and Wyman Gordon Company dominate the competitive landscape. The presence of advanced manufacturing facilities and a skilled workforce enhances the region's capabilities. Additionally, ongoing investments in research and development are expected to drive innovation, ensuring that North America remains at the forefront of the metal forging industry.

Europe : Innovative Manufacturing Hub

Europe's metal forging market is characterized by a strong emphasis on innovation and sustainability, driven by stringent regulations and a focus on reducing carbon emissions. The region holds approximately 25% of the global market share, with Germany and the UK being the largest markets. Regulatory frameworks, such as the EU's Green Deal, are catalyzing investments in advanced forging technologies and eco-friendly practices. Leading countries like Germany, France, and Italy are home to major players such as Thyssenkrupp and Schuler AG. The competitive landscape is marked by a mix of established firms and emerging startups, all striving to enhance efficiency and product quality. The presence of research institutions further supports innovation, making Europe a key player in The US Metal Forging Market.

Asia-Pacific : Emerging Market Potential

The Asia-Pacific region is witnessing rapid growth in the metal forging market, driven by increasing industrialization and urbanization. Countries like China and India are the largest markets, collectively holding around 15% of the global market share. The demand for forged products in automotive, construction, and machinery sectors is propelling this growth, supported by favorable government policies and investments in infrastructure. China leads the region with a significant number of key players, including China National Machinery Industry Corporation and Anhui Zhongding Sealing Parts Co. The competitive landscape is evolving, with both domestic and international companies vying for market share. As the region continues to develop, the focus on quality and innovation will be crucial for sustaining growth in the metal forging industry.

Middle East and Africa : Resource-Rich Opportunities

The Middle East and Africa region is gradually emerging as a significant player in the metal forging market, driven by the demand for forged products in the oil and gas, construction, and automotive sectors. The region holds approximately 5% of the global market share, with countries like South Africa and the UAE leading the way. Government initiatives aimed at diversifying economies and investing in manufacturing are key growth drivers. South Africa is home to several key players, including Scaw Metals Group and AECI Ltd, which are enhancing their capabilities to meet growing demand. The competitive landscape is characterized by a mix of established firms and new entrants, all focusing on innovation and quality. As the region continues to develop its industrial base, opportunities for growth in the metal forging market are expected to expand.

US Metal Forging Market Regional Image

Key Players and Competitive Insights

The metal forging market in the US is characterized by a competitive landscape that is both dynamic and multifaceted. Key growth drivers include advancements in manufacturing technologies, increasing demand for lightweight materials in the automotive and aerospace sectors, and a growing emphasis on sustainability. Major players such as Alcoa Corporation (US), Precision Castparts Corp. (US), and Forged Solutions Group (US) are strategically positioned to leverage these trends. Alcoa Corporation (US) focuses on innovation in aluminum forging processes, while Precision Castparts Corp. (US) emphasizes mergers and acquisitions to enhance its market share. Forged Solutions Group (US) is actively pursuing regional expansion to tap into emerging markets, collectively shaping a competitive environment that is increasingly reliant on technological advancements and strategic partnerships.

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 consolidate their positions through strategic initiatives. The collective influence of these key players fosters a competitive atmosphere where agility and responsiveness to market demands are paramount.

In November 2025, Alcoa Corporation (US) announced a partnership with a leading automotive manufacturer to develop advanced aluminum alloys aimed at reducing vehicle weight and enhancing fuel efficiency. This strategic move underscores Alcoa's commitment to innovation and sustainability, positioning the company as a leader in the transition towards more environmentally friendly automotive solutions. The collaboration is expected to yield significant advancements in material performance, thereby reinforcing Alcoa's competitive edge.

In October 2025, Precision Castparts Corp. (US) completed the acquisition of a smaller forging company specializing in aerospace components. This acquisition is likely to enhance Precision Castparts' capabilities in producing high-performance parts, thereby expanding its footprint in the aerospace sector. The integration of this new entity is anticipated to streamline operations and improve supply chain efficiencies, further solidifying Precision Castparts' market position.

In September 2025, Forged Solutions Group (US) launched a new line of forged components designed specifically for the renewable energy sector. This initiative reflects the company's strategic pivot towards sustainability and aligns with the growing demand for green technologies. By diversifying its product offerings, Forged Solutions Group is not only addressing current market needs but also positioning itself for future growth in an evolving industry landscape.

As of December 2025, current competitive trends in the metal forging market are heavily influenced by digitalization, sustainability, and the integration of artificial intelligence (AI) into manufacturing processes. Strategic alliances are increasingly shaping the landscape, enabling companies to pool resources and expertise to drive innovation. The shift from price-based competition to a focus on technological advancement and supply chain reliability is evident, suggesting that future competitive differentiation will hinge on the ability to innovate and adapt to changing market dynamics.

Key Companies in the US Metal Forging Market market include

Industry Developments

Recent developments in the US Metal Forging Market indicate a continued growth trajectory, with companies like Steel Dynamics, Nucor Corporation, and Alcoa actively expanding their operational capacities. In October 2023, Precision Castparts announced a notable acquisition aimed at enhancing its production capacities in aerospace components, which aligns with ongoing demand surges in that sector.

Additionally, Alton Steel has been reported to increase production due to significant contracts from defense sectors, reflecting favorable government spending in this area. Ford Motor is also innovating within the sector by focusing on new lightweight materials to improve vehicle efficiency, further impacting the market dynamics.

Over the past 2-3 years, investments from major players such as Thyssenkrupp in new forging technologies have yielded substantial improvements in efficiency and output, contributing to an estimated market growth rate of approximately 5% annually.

The recent focus on sustainability and the integration of advanced technologies in metal forging, significantly driven by companies including Hamilton Sundstrand and General Electric, also showcases a vibrant evolution within the US industry landscape.

Future Outlook

US Metal Forging Market Future Outlook

The US metal forging market is projected to grow at a 7.85% CAGR from 2024 to 2035, driven by advancements in technology, increased demand in automotive, and aerospace sectors.

New opportunities lie in:

  • Investment in automated forging technologies to enhance 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 solidify its position as a leader in innovative forging solutions.

Market Segmentation

US Metal Forging Market End Use Outlook

  • Transportation
  • Manufacturing
  • Oil and Gas
  • Mining
  • Defense

US Metal Forging Market Application Outlook

  • Automotive
  • Aerospace
  • Industrial Machinery
  • Construction
  • Energy

US Metal Forging Market Process Type Outlook

  • Open Die Forging
  • Closed Die Forging
  • Roll Forging
  • Precision Forging
  • Hot Forging

US Metal Forging Market Product Type Outlook

  • Forged Bars
  • Forged Rings
  • Forged Plates
  • Forged Shafts
  • Forged Fittings

US Metal Forging Market Material Type Outlook

  • Steel
  • Aluminum
  • Titanium
  • Copper
  • Nickel

Report Scope

MARKET SIZE 202410.5(USD Billion)
MARKET SIZE 202511.33(USD Billion)
MARKET SIZE 203524.12(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 ProfiledAlcoa Corporation (US), Precision Castparts Corp. (US), Forged Solutions Group (US), A. Finkl & Sons Co. (US), Bucyrus International, Inc. (US), Wyman Gordon Company (US), Ellwood Group, Inc. (US), Marmon Holdings, Inc. (US), Miller Industries, Inc. (US)
Segments CoveredApplication, End Use, Material Type, Process Type, Product Type
Key Market OpportunitiesAdoption of advanced automation technologies enhances efficiency in the US metal forging market.
Key Market DynamicsTechnological advancements and regulatory changes drive innovation and efficiency in the US metal forging market.
Countries CoveredUS

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FAQs

What is the current valuation of the US Metal Forging Market?

The US Metal Forging Market was valued at approximately 10854.03 USD Billion in 2024.

What is the projected market size for the US Metal Forging Market by 2035?

The market is projected to reach around 21502.48 USD Billion by 2035.

What is the expected CAGR for the US Metal Forging Market during the forecast period?

The expected CAGR for the US Metal Forging Market from 2025 to 2035 is 6.41%.

Which raw material segment holds the largest market share in the US Metal Forging Market?

The Steel segment, valued at 4320.0 USD Billion in 2024, appears to hold the largest market share.

How does the valuation of the Aluminum segment compare to Steel in the US Metal Forging Market?

The Aluminum segment was valued at 2700.0 USD Billion in 2024, significantly lower than the Steel segment.

What are the key types of forging processes in the US Metal Forging Market?

The key types include Closed-die Forging, valued at 4.5 USD Billion in 2024, and Open-die Forging, valued at 3.5 USD Billion.

Which end-use sector is projected to grow the most in the US Metal Forging Market?

The Automotive sector, with a valuation of 3.5 USD Billion in 2024, is projected to experience substantial growth.

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