UK Metal Forging Market Size & Outlook, 2023-2030
UK metal forging market, 2018-2030 (US$M)
Related Markets
UK metal forging market highlights
- The UK metal forging market generated a revenue of USD 1,056.4 million in 2023 and is expected to reach USD 1,580.6 million by 2030.
- The UK market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, carbon steel was the largest revenue generating raw material in 2023.
- Stainless Steel 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 1,056.4 million |
| Market revenue in 2030 | USD 1,580.6 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Carbon steel |
| Fastest growing segment | Stainless Steel |
| 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, UK accounted for 1.2% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Metal Forging Market Scope
Metal Forging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 39.8% in 2023. Horizon Databook has segmented the UK 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.
In the recent past, automotive sector in the UK has benefited from investments from major automakers including Toyota, Nissan, Ford, BMW Group, and Jaguar Land Rover. However, market growth is not limited to automakers only. The supply chain which caters to these automakers has also observed a demand with increasing opportunities.
As per The Society of Motor Manufacturers and Traders Ltd (SMMT), automotive accounts for 10% of share in goods trading in the country. In addition, the UK automotive market generated around USD 100 billion of revenue in 2018.
There is a huge demand for forged products for use in engines, powertrains, and human safety components. Thus, significant demand for forged products coupled with growing automotive industry in the UK is driving the growth of metal forgings market.
Reasons to subscribe to UK metal forging market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of UK metal forging market databook
-
Our clientele includes a mix of metal forging market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 UK metal forging market , including forecasts for subscribers. This country databook contains high-level insights into UK metal forging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
UK metal forging market size, by raw material, 2018-2030 (US$M)
UK Metal Forging Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
