Global Aluminum Forging Market Size & Outlook
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
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Target buyers of Global aluminum forging market databook
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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 statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Aluminum forging market size, 2022 (USD Million)
Top 10 countries: Aluminum forging market size, 2022 (USD Million)
Global aluminum forging market, by region, 2022 (US$M)
Related regional statistics
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