Spain Aluminum Forging Market Size & Outlook, 2022-2030
Spain aluminum forging market, 2018-2030 (US$M)
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Spain aluminum forging market highlights
- The Spain aluminum forging market generated a revenue of USD 243.6 million in 2022 and is expected to reach USD 332.3 million by 2030.
- The Spain market is expected to grow at a CAGR of 4% 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 243.6 million |
| Market revenue in 2030 | USD 332.3 million |
| Growth rate | 4% (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, Spain accounted for 1.1% 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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Spain 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 73.81% in 2022. Horizon Databook has segmented the Spain 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.
Spain accounts for a significant share of aluminum forging market in Europe owing to an increased usage of aluminum forged components in various end-use industries in the country. According to International Trade Agency (ITA), the highly developed aircraft industry of Spain offers significant growth potential for U.S.-based aerospace businesses as majority of aerospace products are purchased from Spain.
The aerospace & defense industry of the country is highly developed and contributes significantly to its economy. The growing aerospace industry in Spain is anticipated to fuel the demand for aluminum forged components, thereby contributing to the growth of aluminum forging market in the country.
The demand for aluminum forging has been temporarily affected in the country owing to the rise in the prices of aluminum due to various global scenarios and the Russia-Ukraine conflict. The prices of aluminum have increased by approximately 15% globally since the start of 2022.
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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 Spain aluminum forging market , including forecasts for subscribers. This country databook contains high-level insights into Spain aluminum forging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain aluminum forging market size, by product, 2018-2030 (US$M)
Spain Aluminum Forging Market Outlook Share, 2022 & 2030 (US$M)
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