Insights Into The Forged And Stamped Goods Market’s Growth Opportunities Through 2023-2032 – Includes Forged And Stamped Goods Market Size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Growing demand for international and domestic air travel, as well as rising government defence budgets, are expected to drive innovation in forged and stamped goods manufacturing, driving the market during the forecast period.
The global forged and stamped goods market is expected to grow from $284.78 billion in 2022 to $306.27 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The forged and stamped goods market is expected to grow to $398.11 billion in 2027 at a CAGR of 6.8%.
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Global Forged And Stamped Goods Market Segments Include:
- 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
- By End User Industry: Automotive, Construction, Food and Beverage Packaging, Machinery, Metal Products, Other End User Industries
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global forged and stamped goods market in 2021.
Major Market Players 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.
Metal forgers are increasingly incorporating additive manufacturing technologies to provide customers with customised designs. Forging uses 3D technology to balance customization and personalization with efficiency and waste reduction. The advantages of 3D forging technology include the ability to prepare complex shapes and designs with minimal material loss. Alcoa and Bharat Forge are two companies that use additive/3D manufacturing technology.
The Forged And Stamped Goods Global Market Report 2023 provides a forged and stamped goods market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The forged and stamped goods market forecast analyzes forged and stamped goods market size, forged and stamped goods market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Forged and stamped goods are products that manufacture forgings from purchased metals, metal custom roll forming products, metal stamped and spun products, and powder metallurgy products.
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