Forged And Stamped Goods Market Outlook 2024-2033: Trends and Projections

Market Size –
The forged and stamped goods market size has grown strongly in recent years. It will grow from $297.32 billion in 2023 to $314.56 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to industrial growth, raw material prices, technological advancements, environmental regulations.

The forged and stamped goods market size is expected to see strong growth in the next few years. It will grow to $384.83 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to infrastructure development, automotive industry, aerospace and defense, renewable energy. Major trends in the forecast period include electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, collaboration and partnerships, .

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Scope Of Forged And Stamped Goods Market
The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Forged And Stamped Goods Market Overview

Market Drivers –
Expected growth in the demand for aircraft manufacturing supported by the growing demand for international and domestic air travel and rising government defence budgets are expected to drive the demand for forged and stamped goods. According to TBRC estimates, the sales of aerospace machinery will grow by 10.15% a year during 2018-2022 supported by the growing demand from the tourism industry. Simultaneously, many countries are increasing their defence budgets to improve their abilities to respond to international crises and are including technologically advanced equipment across categories such as ammunition, aircraft, and helicopters to be prepared for an emergency. For example, in January 2023, the US President requested $772 billion for the Department of Defence. The 2023 Future Years Defence Program (FYDP) projects that the DoD’s budget would rise by 1.5 percent to $784 billion in 2024. An increase in defence budgets and production numbers of commercial aircraft will drive the demand for forged metal components in the forecast period, driving the overall forged and stamped goods market.

 

The forged and stamped goods market covered in this report is segmented –

1) By Type: Iron and Steel Forged Goods, Nonferrous Forged Goods, Custom Roll Formed Goods, Powder Metallurgy Parts, Metal Crown, Closure, and Other Metal Stamped Goods
2) By End User Industry: Automotive, Construction, Food and Beverage Packaging, Machinery, Metal Products, Other End User Industries

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Regional Insights –
The Asia-Pacific was the largest region in the forged and stamped goods market in 2023. Western Europe was the second-largest region in the forged and stamped goods market. The regions covered in the forged and stamped report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Key Companies –
Major companies operating in the forged and stamped goods market include ArcelorMittal S.A., Berkshire Hathaway Inc., Thyssenkrupp AG, American Axle & Manufacturing Inc., Kobe Steel Ltd., Bharat Forge Limited, Illinois Tool Works Inc, Fine Sinter Co. Ltd., CITIC Heavy Industries Co.Ltd., Allegheny Technologies Incorporated, PCC Structurals Inc., Smith & Wesson Precision Components (SWPC), CAB Worldwide, Ferralloy Inc., McKees Rocks Forgings Inc., All Metals & Forge Group LLC, Source International, The Federal Group USA, Atlas Bronze, Ken Forging Inc., Cornell Forge Co., MES Inc, Precision Castparts, Ellwood Group, Scot Forge, Anchor Harvey, SIFCO Industries Inc., Queen City Forging Company, Walker Forge Tennessee LLC, Weldaloy Products Company, Sintavia LLC, Sintex A/S, Bourdon Forge Company, Moline Forge, Patriot Forge Co., GMP Metal Products, Peerless Industrial Group, Carpathian Industries LLC, Forge Resources Group.

Table of Contents
1. Executive Summary
2. Forged And Stamped Goods Market Report Structure
3. Forged And Stamped Goods Market Trends And Strategies
4. Forged And Stamped Goods Market – Macro Economic Scenario
5. Forged And Stamped Goods Market Size And Growth
…..
27. Forged And Stamped Goods Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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