Germany Metal Forging Market Size & Outlook, 2023-2030
Germany metal forging market, 2018-2030 (US$M)
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Germany metal forging market highlights
- The Germany metal forging market generated a revenue of USD 5,765.9 million in 2023 and is expected to reach USD 8,967.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, carbon steel was the largest revenue generating raw material in 2023.
- Aluminum is the most lucrative raw material segment registering the fastest growth during the forecast period.
Metal forging market data book summary
| Market revenue in 2023 | USD 5,765.9 million |
| Market revenue in 2030 | USD 8,967.0 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Carbon steel |
| Fastest growing segment | Aluminum |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Germany accounted for 6.6% of the global metal forging market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany metal 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 8,967.0 million by 2030.
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Metal Forging Market Scope
Metal Forging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 37.91% in 2023. Horizon Databook has segmented the Germany 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.
Globally, Germany is the leading country in automotive manufacturing sector having advanced manufacturing facilities and innovative R&D centers. Many suppliers of auto components are located in the country. These companies are engaged in providing forging and casting products to automakers.
Many automakers are expanding their footprint by focusing on luxury and premium car segments. Owing to advancement in alloys and focus on the reduction of weight of vehicles, the demand for metal forgings is projected to increase over the coming years.
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Target buyers of Germany 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 country-level data and insights on the Germany metal forging market , including forecasts for subscribers. This country databook contains high-level insights into Germany metal forging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany metal forging market size, by raw material, 2018-2030 (US$M)
Germany Metal Forging Market Outlook Share, 2023 & 2030 (US$M)
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