The Business Research Company’s report on the Isothermal Forging Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the isothermal forging market in recent years?
Increasing demand for automobiles is expected to propel the growth of the isothermal forging market going forward. Automobiles refer to land-based autonomous passenger or commercial vehicles with a combustion engine and typically four or more wheels. Isothermal forging is an important process in the automobile industry for producing high-performance, complex-shaped parts that require high strength, durability, and precision, so increasing demand for automobiles will propel the growth of the isothermal forging market. For instance, in March 2024, according to the European Automobile Manufacturers Association, a Belgium-based association of leading automobile manufacturers, the EU car market expanded robustly in 2023 by 13.9% compared to 2022, reaching a volume of 10.5 million units. Therefore, an increasing demand for automobiles is driving the growth of the isothermal forging market.
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What is the projected market size of the isothermal forging industry, and how is it expected to grow?
The isothermal forging market size has grown strongly in recent years. It will grow from$9.02 billion in 2024 to $9.57 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to increased demand in automotive sector, material advancements, cost efficiency, consumer electronics, energy sector requirements, environmental considerations
The isothermal forging market size is expected to see strong growth in the next few years. It will grow to “$12.47 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to expanded material options, automotive lightweighting, medical implants, aerospace industry growth, green manufacturing practices. Major trends in the forecast period include sustainability and recycling, advancements in MIM equipment, customization and personalization, quality control and certification, 3d printing integration.
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Who are the key players driving competition in the isothermal forging market?
Major companies operating in the isothermal forging market include Anchor-Harvey Components LLC, Arconic Corp., ATI Forged Inc., Bharat Forge Ltd., CFS Forge, H C Starck Solutions Services Inc., Larsen & Toubro Ltd., Schuler Group, Trenton Forging Company, Pratt & Whitney, Alcoa Corporation, ALD Vacuum Technologies Pvt. Ltd., SMT Limited, Precision Castparts Corp., Leistritz Turbinentechnik GmbH, 3A Composites, Sundaram Fasteners Ltd., Kalyani Forge Limited, Aubert and Duval Pvt. Ltd., Bharat Dynamics Limited, Bharat Electronics Limited, Bharat Earth Movers Limited, Bharat Petroleum Corporation Limited, Amtek Auto Limited, Tata Steel Limited, Nanshan Forge Company, Bharat Heavy Electricals Limited, Formosa Plastics Group, Howmet Aerospace Inc., Aalco metals Ltd.
What key trends are expected to drive the isolation valves market during the forecast period?
Major companies operating in the isothermal forging market are increasingly focused on developing advanced technologies such as isothermal forging modules to improve production efficiency, enhance the mechanical properties of forged components, and meet the stringent performance requirements of industries like aerospace and automotive. Isothermal forging modules are specialized manufacturing systems designed to maintain a consistent temperature throughout the forging process, optimizing material properties and enhancing the performance of forged components. For instance, in April 2024, ALD, a France-based fleet managing and operational car leasing company, was selected by Safran to provide an isothermal forging system. This cutting-edge system is designed to optimize the forging process, allowing for the production of complex geometries with superior mechanical properties. By utilizing isothermal forging, ALD’s system enhances the material characteristics of components, resulting in increased strength and durability, which are critical for demanding applications in the aerospace sector.
Which key geographies are driving the growth of the isothermal forging market?
Asia-Pacific was the largest region in the isothermal forging market in 2024. The regions covered in the isothermal forging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the key segments driving growth in the isothermal forging market?
The isothermal forging market covered in this report is segmented –
1) By Raw Material: Carbon Steel Metal Forging, Alloy Steel Metal Forging, Aluminum Metal Forging, Magnesium Metal Forging, Stainless Steel Metal Forging, Titanium Metal Forging, Other Raw Material Metal Forging
2) By Processes: Conduction heating, Induction heating
3) By End Use Vertical: Aerospace And Defense, Agriculture Equipment, Automotive, Construction And Mining Equipment And Components, Electrical And Electronic, Energy And Power, Industrial And Manufacturing, Marine And Rail, Oil And Gas
Subsegments:
1) By Carbon Steel Metal Forging: Low Carbon Steel Forging, Medium Carbon Steel Forging, High Carbon Steel Forging
2) By Alloy Steel Metal Forging: Low Alloy Steel Forging, High Alloy Steel Forging
3) By Aluminum Metal Forging: 2000 Series Aluminum Forging, 3000 Series Aluminum Forging, 5000 Series Aluminum Forging, 6000 Series Aluminum Forging, 7000 Series Aluminum Forging
4) By Magnesium Metal Forging: AZ Series Magnesium Forging, AM Series Magnesium Forging
5) By Stainless Steel Metal Forging: Austenitic Stainless Steel Forging, Ferritic Stainless Steel Forging, Martensitic Stainless Steel Forging
6) By Titanium Metal Forging: Alpha Titanium Forging, Beta Titanium Forging, Alpha-Beta Titanium Forging
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What defines the structure and scope of the isothermal forging market?
Isothermal forging refers to a metal-forming process in which a heated metal billet is forged using a die that is held at a constant temperature during the forging process. This process is used to produce complex parts with tight tolerances and high strength requirements.
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