Italy Aluminum Forging Market Size & Outlook, 2022-2030
Italy aluminum forging market, 2018-2030 (US$M)
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Italy aluminum forging market highlights
- The Italy aluminum forging market generated a revenue of USD 470.5 million in 2022 and is expected to reach USD 637.9 million by 2030.
- The Italy market is expected to grow at a CAGR of 3.9% 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 470.5 million |
| Market revenue in 2030 | USD 637.9 million |
| Growth rate | 3.9% (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, Italy accounted for 2.2% 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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Italy 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 74.64% in 2022. Horizon Databook has segmented the Italy 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.
Italy accounts for a substantial share of aluminum forging market in Europe. The country faced challenges during the COVID-19 pandemic in 2020, as the demand for aluminum declined in various end-use industries, such as automotive, construction, transportation, and aerospace owing to the halting of their operations.
However, the country bounced back quickly in 2021 with a surge in the sales of automobiles and a rise in demand for aluminum forging from end-use industries such as construction, and aerospace. The demand for automobiles in Italy has dropped since the start of 2022 owing to rising energy prices and increasing costs of raw materials that have led to a surge in the costs of vehicles in the country.
This demand has recovered since October 2022. As such, there is a significant increase in the sales of vehicles in Italy. This is anticipated to fuel the consumption of aluminum forged components used in vehicles, thereby driving the growth of the market in the country.
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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 Italy aluminum forging market , including forecasts for subscribers. This country databook contains high-level insights into Italy aluminum forging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy aluminum forging market size, by product, 2018-2030 (US$M)
Italy Aluminum Forging Market Outlook Share, 2022 & 2030 (US$M)
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