Metal Forging Market Projected to Reach $153.9 Billion by 2031

According to the latest publication from Meticulous Research®, the metal forging market is projected to reach $153.9 billion by 2031, with a CAGR of 7.4% from 2024 to 2031. The market's growth is driven by rising infrastructure development and increasing commercial aircraft production. However, challenges such as high energy consumption and fluctuating raw material costs may restrain this growth.

Metal Forging Market Projected to Reach $153.9 Billion by 2031

Meticulous Research®—a leading global market research company, published a research report titled, ‘Metal Forging Market by Method (Closed Die Forging, Open Die Forging, Cold Forging, Roll Forging), Material (Steel, Aluminum, Titanium), End-use Industry (Automotive, Oil & Gas, Construction), and Geography—Global Forecast to 2031.’