Latin America Aluminum Forging Market Size & Outlook
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Latin America aluminum forging market highlights
- The Latin America aluminum forging market generated a revenue of USD 408.4 million in 2022.
- The market is expected to grow at a CAGR of 2.7% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 408.4 million |
| Market revenue in 2030 | USD 506.1 million |
| Growth rate | 2.7% (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 |
| 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, Latin America region accounted for 1.9% of the global aluminum forging market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 16,673.4 million by 2030.
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Aluminum Forging Market Scope
Aluminum Forging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Forginal Industrie | View profile | 11-50 | Thiers, Auvergne, France, Europe | https://www.forginal-industrie.com |
| Farinia Group | View profile | 11-50 | Paris, Ile-de-France, France, Europe | https://www.farinia.com/ |
| American Handforge | View profile | 1-10 | Rialto, California, United States, North America | https://www.handforge.com |
| Aluminum Precision Products | View profile | 501-1000 | Santa Ana, California, United States, North America | http://aluminumprecision.com |
| ATI Inc | View profile | 7300 | 2021 McKinney Avenue, Dallas, TX, United States, 75201 | https://www.atimaterials.com |
| Alcoa Corp | View profile | 13600 | 201 Isabella Street, Suite 500, Pittsburgh, PA, United States, 15212-5858 | https://www.alcoa.com |
| Arconic | View profile | 10001+ | Pittsburgh, Pennsylvania, United States, North America | https://www.arconic.com |
Latin America 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 74.09% in 2022. Horizon Databook has segmented the Latin America 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.
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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 continent-level data and insights on the Latin America aluminum forging market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America aluminum forging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America aluminum forging market size, by country, 2018-2030 (US$M)
Latin America Aluminum Forging Market Outlook Share, 2022 & 2030 (US$M)
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