Germany Aluminum Forging Market Size & Outlook, 2022-2030
Germany aluminum forging market, 2018-2030 (US$M)
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Germany aluminum forging market highlights
- The Germany aluminum forging market generated a revenue of USD 1,350.9 million in 2022 and is expected to reach USD 2,127.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.8% 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 1,350.9 million |
| Market revenue in 2030 | USD 2,127.9 million |
| Growth rate | 5.8% (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, Germany accounted for 6.4% 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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Germany 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 69.73% in 2022. Horizon Databook has segmented the Germany 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.
Germany accounted for a share of 31% of aluminum forging market in Europe in 2022. It is one of the leading producers of aluminum forged components in Europe. The country had an annual aluminum forging output was lesser than its consumption with a capacity utilization rate of nearly 90% and consumption of more than 1 million tons.
However, both, production and consumption of aluminum products were impacted in 2020 in Germany owing to the spread of the COVID-19. The demand for aluminum forged components fell in 2019 in Europe owing to the drop in sales of automotive industry and the impact intensified due to COVID outbreak in 2020.
The demand for aluminum forged components grew rapidly in Germany in 2022 owing to the unique characteristics offered by aluminum forged products. There are stringent regulations by the European Union related to the use of aluminum in the region to reduce carbon emissions.
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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 country-level data and insights on the Germany aluminum forging market , including forecasts for subscribers. This country databook contains high-level insights into Germany aluminum forging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany aluminum forging market size, by product, 2018-2030 (US$M)
Germany Aluminum Forging Market Outlook Share, 2022 & 2030 (US$M)
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