Metal Forging Market to See Significant Growth Through 2032 Driven by Transportation and Energy Sectors
• Metal forging market projected to grow from $82.3 billion in 2022 to $158.8 billion in 2032 at a CAGR of 6.8% • Growth driven by rising demand from automotive, aerospace, energy, and infrastructure industries • North America to account for largest market share due to increasing investments in transportation, oil & gas, and aerospace sectors • Carbon steel segment dominated market in 2022 with revenue of $19.7 billion due to widespread use in industrial machinery • Key players include Bharat Forge Limited, Berkshire Hathaway Inc., and NIPPON STEEL CORPORATION