Asia Pacific Metal Forging Market Size & Outlook
Asia Pacific metal forging market, 2018-2030 (US$M)
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Asia Pacific metal forging market highlights
- The Asia Pacific metal forging market generated a revenue of USD 46,710.1 million in 2023.
- The market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, carbon steel was the largest revenue generating raw material in 2023.
- Titanium is the most lucrative raw material segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 46,710.1 million |
| Market revenue in 2030 | USD 80,738.6 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Carbon steel |
| Fastest growing segment | Titanium |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbon Steel, Alloy Steel, Aluminum, Magnesium, Stainless Steel, Titanium, Other Products |
| Key market players worldwide | ATI Inc, Green Brick Partners Inc, John Wood Group Plc, Nippon Steel Corp, Berkshire Hathaway Inc Class A, Larsen & Toubro Ltd DR |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 53.2% of the global metal forging market in 2023.
- 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 80,738.6 million by 2030.
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Metal Forging Market Scope
Metal Forging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific metal 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 metal forging market will help companies and investors design strategic landscapes.
Carbon steel was the largest segment with a revenue share of 46.71% in 2023. Horizon Databook has segmented the Asia Pacific metal forging market based on carbon steel, alloy steel, aluminum, magnesium, stainless steel, titanium, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Growing manufacturing activities and increasing foreign investments are some of the major driving factors for the metal forgings market in the region. The growth in these indicators has a direct correlation with the growth of end-use industries.
Some of the end-use industries include automotive, aerospace, oil & gas, and construction. The growth of these industries drives the metal forgings market over the forecast period. The inward Foreign Direct Investment (FDI) rate for Asia accounted for 9.1% in 2017, the highest of all regions. Increase in FDI helps to develop different industries in the country and generate more employment.
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Target buyers of Asia Pacific metal forging market databook
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Our clientele includes a mix of metal forging market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific metal forging market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific metal forging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific metal forging market size, by country, 2018-2030 (US$M)
Asia Pacific Metal Forging Market Outlook Share, 2023 & 2030 (US$M)
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