South Korea Aluminum Forging Market Size & Outlook
South Korea aluminum forging market, 2018-2030 (US$M)
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South Korea aluminum forging market highlights
- The South Korea aluminum forging market generated a revenue of USD 633.2 million in 2022 and is expected to reach USD 937.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5% 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 633.2 million |
| Market revenue in 2030 | USD 937.9 million |
| Growth rate | 5% (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, South Korea accounted for 3.0% 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 Asia Pacific, China aluminum forging market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 9,425.4 million by 2030.
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Aluminum Forging Market Scope
Aluminum Forging Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea 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 74.1% in 2022. Horizon Databook has segmented the South Korea 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 South Korea aluminum forging market databook
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Our clientele includes a mix of aluminum forging market companies, investment firms, advisory firms & academic institutions.
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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 South Korea aluminum forging market , including forecasts for subscribers. This country databook contains high-level insights into South Korea aluminum forging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea aluminum forging market size, by product, 2018-2030 (US$M)
South Korea Aluminum Forging Market Outlook Share, 2022 & 2030 (US$M)
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