Overview and Scope
Forged and stamped goods refer to a product that is engaged in the production of forgings from purchased metals, metal custom roll forming products, metal stamped and spun products, and powder metallurgy products.
Sizing and Forecast
The forged and stamped goods market size has grown strongly in recent years. It will grow from $297.32 billion in 2024 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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Segmentation & Regional Insights
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
The Asia-Pacific was the largest region in the forged and stamped goods market in 2024. 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.
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Major Driver Impacting Market Growth
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 2024, the US President requested $772 billion for the Department of Defence. The 2024 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.
Key Industry Players
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.
The forged and stamped goods market report table of contents includes:
1. Executive Summary
2. Forged And Stamped Goods Market Characteristics
3. Forged And Stamped Goods Product/Service Analysis -Product/Service Examples
4. Forged And Stamped Goods Market Trends And Strategies
5. Forged And Stamped Goods Market - Macro Economic Scenario
.....
68. Global Forged And Stamped Goods Market Competitive Benchmarking
69. Global Forged And Stamped Goods Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Forged And Stamped Goods Market
71. Forged And Stamped Goods Market Future Outlook and Potential Analysis
72. Appendix
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Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact:https://www.thebusinessresearchcompany.com/global-market-reportsThe Forged And Stamped Goods Global Market Report 2020-30 by The Business Research Company describes and explains the global forged and stamped goods market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030.
The report evaluates the market across each region and for the major economies within each region.The Forged And Stamped Goods Global Market Report 2021 covers forged and stamped goods market drivers, forged and stamped goods market trends, forged and stamped goods market segments, forged and stamped goods market growth rate, forged and stamped goods market major players, and forged and stamped goods market size.
View Complete Report:https://www.thebusinessresearchcompany.com/report/forged-and-stamped-goods-global-market-reportThe forged and stamped goods market report provides an in-depth analysis of the impact of COVID-19 on the global forged and stamped goods industry, along with revised market numbers due to the effects of the coronavirus and the expected forged and stamped goods market growth numbers 2021-2030.Forged And Stamped Goods Global Market Report 2021 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.Request For The Sample Now:https://www.thebusinessresearchcompany.com/sample.aspx?id=3572=smpThe global forged and stamped goods market is expected to grow from $242.35 billion in 2020 to $257.62 billion in 2021 at a compound annual growth rate (CAGR) of 6.3%.
The market is expected to reach $316.67 billion in 2025 at a CAGR of 5%.The report covers the forged and stamped goods market’s segments- 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 & Beverage Packaging, Machinery, Metal Products, Others.About The Business Research Company: The Business Research Company is a market intelligence firm that excels in company, market, and consumer research.
