Global Aluminum Forging Market Size & Outlook, 2022-2030
Global aluminum forging market, 2018-2030 (US$M)
Related Markets
Global aluminum forging market highlights
- The global aluminum forging market generated a revenue of USD 21,272.3 million in 2022 and is expected to reach USD 33,608.1 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 5.9% by 2030.
- In terms of segment, closed die forging accounted for a revenue of USD 15,521.0 million in 2022.
- Closed Die Forging is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 21,272.3 million |
| Market revenue in 2030 | USD 33,608.1 million |
| Growth rate | 5.9% (CAGR from 2022 to 2030) |
| Largest segment | Closed die forging |
| Fastest growing segment | Closed Die Forging |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Open Die Forging, Closed Die Forging, Ring Rolled Forging |
Other key industry trends
- In terms of revenue, the North America accounted for 30.7% of the global aluminum forging market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 250.7 million by 2030.
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Aluminum Forging Market Scope
Aluminum Forging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global aluminum forging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aluminum forging market will help companies and investors design strategic landscapes.
Closed die forging was the largest segment with a revenue share of 72.96% in 2022. Horizon Databook has segmented the Global aluminum forging market based on open die forging, closed die forging, ring rolled forging covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Aluminum Forging Product Outlook (Revenue, USD Million, 2018-2030)
- Open Die Forging
- Closed Die Forging
- Ring Rolled Forging
- Global Aluminum Forging Application Outlook (Revenue, USD Million, 2018-2030)
- Automotive
- Aerospace
- Oil & Gas
- Construction
- Other Applications
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Our clientele includes a mix of aluminum forging market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global aluminum forging market , including forecasts for subscribers. This global databook contains high-level insights into Global aluminum forging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global aluminum forging market size, by regions, 2018-2030 (US$M)
Top 10 countries: Aluminum forging market size, 2022 (US$M)
Global aluminum forging market share, by product, 2022 & 2030 (%, US$M)
Aluminum forging market: Opportunity assessment by country
Global aluminum forging market, by region, 2022 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 4,274.9 | 4,557.9 | 4,357.8 | 4,588.0 | 6,528.8 | 6,964.6 | 7,279.4 | 7,623.4 | 8,001.2 | 8,425.0 | 8,902.0 | 9,438.1 | 10,034.0 | 5.5% |
| Europe | 3,242.8 | 3,389.3 | 3,250.1 | 3,463.9 | 3,819.9 | 4,073.5 | 4,242.7 | 4,428.1 | 4,633.0 | 4,856.5 | 5,108.9 | 5,384.8 | 5,698.1 | 5.1% |
| Asia Pacific | 8,426.8 | 8,998.3 | 7,690.2 | 8,849.5 | 10,006.5 | 10,849.3 | 11,411.3 | 12,028.9 | 12,738.8 | 13,542.0 | 14,451.5 | 15,489.9 | 16,673.4 | 6.6% |
| Latin America | 388.6 | 397.2 | 345.5 | 374.5 | 408.4 | 427.8 | 434.3 | 442.2 | 450.8 | 461.3 | 473.8 | 488.4 | 506.1 | 2.7% |
| MEA | 465.6 | 496.9 | 387.4 | 438.4 | 508.8 | 549.4 | 563.9 | 580.0 | 598.1 | 618.8 | 641.7 | 666.7 | 696.5 | 4.0% |
| Overall | 16,798.6 | 17,839.5 | 16,031.1 | 17,714.3 | 21,272.3 | 22,864.6 | 23,931.6 | 25,102.6 | 26,421.9 | 27,903.6 | 29,577.8 | 31,467.9 | 33,608.1 | 5.9% |
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