Mexico Aluminum Forging Market Size & Outlook, 2022-2030

The aluminum forging market in Mexico is expected to reach a projected revenue of US$ 709.7 million by 2030. A compound annual growth rate of 5.1% is expected of Mexico aluminum forging market from 2023 to 2030.
Revenue, 2022 (US$M)
$475.5
Forecast, 2030 (US$M)
$709.7
CAGR, 2023 - 2030
5.1%
Report Coverage
Mexico

Mexico aluminum forging market highlights

  • The Mexico aluminum forging market generated a revenue of USD 475.5 million in 2022 and is expected to reach USD 709.7 million by 2030.
  • The Mexico market is expected to grow at a CAGR of 5.1% 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 2022USD 475.5 million
Market revenue in 2030USD 709.7 million
Growth rate5.1% (CAGR from 2022 to 2030)
Largest segmentClosed die forging
Fastest growing segmentClosed Die Forging
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationOpen Die Forging, Closed Die Forging, Ring Rolled Forging
Key market players worldwideArconic, Alcoa Corp, ATI Inc, Aluminum Precision Products, American Handforge, Farinia Group, Forginal Industrie


Other key industry trends

  • In terms of revenue, Mexico 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 North America, U.S. aluminum forging market is projected to lead the regional market in terms of revenue in 2030.
  • U.S. is the fastest growing regional market in North America and is projected to reach USD 4,743.0 million by 2030.

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Aluminum Forging Market Scope

Aluminum forging market segmentation & scope
Open Die Forging
Closed Die Forging
Ring Rolled Forging
Automotive
Aerospace
Oil & Gas
Construction
Other Applications

Aluminum Forging Market Companies

Name Profile # Employees HQ Website

Mexico 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 74.2% in 2022. Horizon Databook has segmented the Mexico 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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Target buyers of Mexico aluminum forging market databook

  • Our clientele includes a mix of aluminum forging market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico aluminum forging market , including forecasts for subscribers. This country databook contains high-level insights into Mexico aluminum forging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Mexico aluminum forging market size, by product, 2018-2030 (US$M)

Mexico Aluminum Forging Market Outlook Share, 2022 & 2030 (US$M)

Mexico aluminum forging market size, by product, 2018-2030 (US$M)

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