UK Aluminum Forging Market Size & Outlook, 2022-2030
UK aluminum forging market, 2018-2030 (US$M)
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UK aluminum forging market highlights
- The UK aluminum forging market generated a revenue of USD 215.5 million in 2022 and is expected to reach USD 309.7 million by 2030.
- The UK market is expected to grow at a CAGR of 4.6% 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 215.5 million |
| Market revenue in 2030 | USD 309.7 million |
| Growth rate | 4.6% (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, UK accounted for 1.0% 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 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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UK 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 UK 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.
The UK is a significant aluminum forging market in Europe as the aluminum forged product is utilized in various end-use industries such as transportation, construction, automotive, and aerospace & defense. Similar to other European countries, the UK, too, witnessed a severe impact of the COVID19.
According to World Bank, the GDP growth of the country in the second quarter of 2020 was 19.8%, which has been the largest contraction in the economy of the UK since 1955. This decline in the economic growth of the UK can be attributed to the suspension of production processes and reduction in construction activities, along with the halting of public services in the country.
The economy in the UK is anticipated to recover over the short term with the upcoming construction and infrastructure development projects in the country. The Government of the UK has been emphasizing improvements in its transportation network to enhance the economic growth of the country post Brexit.
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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 UK aluminum forging market , including forecasts for subscribers. This country databook contains high-level insights into UK aluminum forging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK aluminum forging market size, by product, 2018-2030 (US$M)
UK Aluminum Forging Market Outlook Share, 2022 & 2030 (US$M)
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