France Aluminum Forging Market Size & Outlook, 2022-2030
France aluminum forging market, 2018-2030 (US$M)
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France aluminum forging market highlights
- The France aluminum forging market generated a revenue of USD 316.0 million in 2022 and is expected to reach USD 458.5 million by 2030.
- The France market is expected to grow at a CAGR of 4.8% from 2023 to 2030.
- In terms of segment, closed die forging was the largest revenue generating product in 2022.
- Closed Die Forging is the most lucrative product segment registering the fastest growth during the forecast period.
Aluminum forging market data book summary
| Market revenue in 2022 | USD 316.0 million |
| Market revenue in 2030 | USD 458.5 million |
| Growth rate | 4.8% (CAGR from 2022 to 2030) |
| Largest segment | Closed die forging |
| Fastest growing segment | Closed Die Forging |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Open Die Forging, Closed Die Forging, Ring Rolled Forging |
| Key market players worldwide | Arconic, Alcoa Corp, ATI Inc, Aluminum Precision Products, American Handforge, Farinia Group, Forginal Industrie |
Other key industry trends
- In terms of revenue, France accounted for 1.5% of the global aluminum forging market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany aluminum forging market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 2,127.9 million by 2030.
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Aluminum Forging Market Scope
Aluminum Forging Market Companies
| Name | Profile | # Employees | HQ | Website |
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France 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 74.4% in 2022. Horizon Databook has segmented the France 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.
Aluminum forging market in France was witnessing significant growth until 2018 when the fall in demand began that was further accelerated by the COVID-19 pandemic. According to World Health Organization (WHO), as of November 11, 2021, France was the seventh country in the world with the highest number of coronavirus cases.
The number of cases in the country increased at a high rate that severely impacted its economic growth in 2021. With the suspension of operational and manufacturing activities in the country, consumption decreased in France that further led to a decline in the demand for aluminum forging in the first half of 2020.
Europe and its countries were already facing due to increased prices. It led to a rise in production costs and a temporary decline in the consumption of aluminum and products based on it. As a result of elevated energy costs, Aluminum Dunkerque, the largest smelter in France, in September 2022, decided to cut its aluminum output by almost 22% due to the energy crisis and Russia-Ukraine conflict.
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Horizon Databook provides a detailed overview of country-level data and insights on the France aluminum forging market , including forecasts for subscribers. This country databook contains high-level insights into France aluminum forging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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France aluminum forging market size, by product, 2018-2030 (US$M)
France Aluminum Forging Market Outlook Share, 2022 & 2030 (US$M)
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