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, .
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/forged-and-stamped-goods-global-market-report
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
Top 5 Major Players:
- ArcelorMittal S.A.,
- Berkshire Hathaway Inc.,
- Thyssenkrupp AG,
- American Axle & Manufacturing Inc.,
- Kobe Steel Ltd
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.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3572&type=smp
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
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Forged And Stamped Goods Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Forged And Stamped Goods Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Forged And Stamped Goods Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 121: ArcelorMittal S.A. Financial Performance
Table 122: Berkshire Hathaway Inc. Financial Performance
Table 123: Thyssenkrupp AG Financial Performance
Table 124: American Axle & Manufacturing Inc. Financial Performance
Table 125: Kobe Steel Ltd Financial Performance
Explore the trending research reports from TBRC:
https://topprnews.com/wayside-control-market-analysis/
https://topprnews.com/nachos-market-report/
https://topprnews.com/fentanyl-market-share/
https://goodprnews.com/wayside-control-market-analysis/
https://goodprnews.com/nachos-market-report/
https://goodprnews.com/fentanyl-market-share/
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
