The global aluminum forging market was valued at USD 23.93 billion in 2024 and is anticipated to expand at a CAGR of 7.0% from 2025 to 2030. Growth is largely driven by the increasing use of lightweight materials in the automotive industry. Automakers have long aimed to reduce vehicle weight to enhance fuel efficiency, boost performance, and lower carbon emissions. According to the U.S. Department of Energy, reducing vehicle weight by 10% can result in a 6% to 8% increase in fuel efficiency. As a result, automotive manufacturers globally are increasingly focused on producing lightweight vehicles.
In addition, growing demand for new defense aircraft is expected to propel market growth further. For example, Airbus reported a 200% surge in profits, largely due to rising passenger aircraft sales and increased military aircraft demand. In May 2022, Airbus announced plans to scale up A320 production by 50%, targeting 75 aircraft per month by 2025, reflecting its response to market momentum.
Price Trend Analysis
Since 2023, aluminum forging prices have shown volatility. This trend is fueled by rising demand across electric vehicles (EVs), aerospace, and renewable energy sectors, coupled with high energy costs and supply chain disruptions. The increasing reliance on forged aluminum in lightweight automotive parts and the aerospace industry's recovery have intensified demand.
Product Insights
Aluminum forging involves processing bars, hollows, or simple shapes using flat dies. Components produced are widely used in aerospace, defense, energy, and automotive applications.
Closed-die forging allows for the production of more complex parts with tighter tolerances than open-die forging, due to the use of two or more enclosed dies. It is also more cost-effective for large-scale manufacturing. Components made through this process are especially prevalent in automotive and aerospace industries.
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Application Insights
Forged aluminum components play a key role in vehicles, particularly in applications requiring high mechanical strength such as chassis suspension systems, steering knuckles, wheels, and air-conditioning scroll plates.
The global automotive industry is accelerating its use of forged aluminum components to achieve vehicle weight reduction. This trend has driven new business for forging suppliers. For instance, in 2022, Bharat Forge secured USD 121.6 million worth of aluminum forging orders from the automotive and industrial sectors. The company reported a 43% growth in its utility vehicle segment in the same year, supported by these orders.
Regional Insights
The Asia Pacific region held over 47% of the global aluminum forging market revenue. This growth is fueled by increased demand from the automotive, aerospace, and industrial sectors. Countries such as China, India, and Japan are boosting the production of lightweight components to comply with stricter emission standards and promote electric vehicle adoption. The recovery of the aerospace industry has further enhanced demand for strong, durable aluminum parts.
However, challenges such as volatile raw material prices and rising energy costs persist. Nevertheless, technological advancements in forging and a growing emphasis on sustainability and recycling are shaping the future trajectory of the market in this region.
Key Players in the Aluminum Forging Market
The following companies are major players in the aluminum forging market, collectively holding significant market share and shaping industry trends:
- Alcoa
- Aluminum Precision Products
- American Handforge
- Arconic
- ATI
- Bons & Evers
- Farinia Group
- FORGINAL industrie
- Norsk Hydro
- STAMPERIE SpA
Gather more insights about the market drivers, restrains and growth of the Aluminum Forging Market
The Global Aluminum Forging Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
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The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on product and application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Aluminum Forging Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/53080-aluminum-forging-market-reportThe report also covers the complete competitive landscape of the global Aluminum Forging market with company profiles of key players such as:Aluminum Precision ProductsAmerican HandforgeAnderson ShumakerBRAWO USABUNTY LLCMATTCO FORGEPhiladelphia ForgingsQueen City Forging CompanyA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By ProductOpen Die ForgingClosed Die ForgingRing Rolled ForgingBy ApplicationAerospaceDefenseTransformation/AutomotiveBy Geography:North America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global Aluminum Forging Market @ https://www.decisiondatabases.com/contact/download-sample-53080The Global Aluminum Forging Market has been exhibited in detail in the following chapters –Chapter 1 Aluminum Forging Market PrefaceChapter 2 Executive SummaryChapter 3 Aluminum Forging Industry AnalysisChapter 4 Aluminum Forging Market Value Chain AnalysisChapter 5 Aluminum Forging Market Analysis By ProductChapter 6 Aluminum Forging Market Analysis By ApplicationChapter 7 Aluminum Forging Market Analysis By GeographyChapter 8 Competitive Landscape Of Aluminum Forging CompaniesChapter 9 Company Profiles Of Aluminum Forging IndustryPurchase the complete Global Aluminum Forging Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-53080Other Reports by DecisionDatabases.com:Global Forging Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Stainless Steel Forgings Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Hot Forging Press Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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The Aluminum Forging Market Research Report Forecast is a valuable source of insightful data for business strategists.
It provides the industry overview with recent trends, size, share, growth analysis, historical, futuristic data, revenue, demand and strategic development.The broad aluminum forging market has been sub-grouped into product and application.
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The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
This detail will lead to a focused approach leading to identification of better opportunities.Request a FREE Sample Copy of Aluminum Forging Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/aluminum-forging-market/download-sampleBy ProductOpen Die ForgingClosed Die ForgingRing Rolled ForgingBy ApplicationAerospaceDefenseTransformation/AutomotiveOthersBrowse Full Global Aluminum Forging Market Research Report With TOC At: https://www.valuemarketresearch.com/report/aluminum-forging-marketThe report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the aluminum forging market include Aluminum Precision Products, American Handforge, Anderson Shumaker, BRAWO USA, BUNTY LLC, MATTCO FORGE, Philadelphia Forgings and Queen City Forging Company among others.
