The global Forging and Casting Metal Components market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

Forging is a manufacturing process involving the shaping of metal using localized compressive forces. The blows are delivered with a hammer (often a power hammer) or a die. Forging is often classified according to the temperature at which it is performed: cold forging (a type of cold working), warm forging, or hot forging (a type of hot working). For the latter two, the metal is heated, usually in a forge. Forged parts can range in weight from less than a kilogram to hundreds of metric tons. Forging has been done by smiths for millennia; the traditional products were kitchenware, hardware, hand tools, edged weapons, cymbals, and jewellery. Since the Industrial Revolution, forged parts are widely used in mechanisms and machines wherever a component requires high strength; such forgings usually require further processing (such as machining) to achieve a finished part. Today, forging is a major worldwide industry.

Casting is a foundry process by which a metal part is produced from a ceramic (investment) mold that has been formed by a disposable (wax or plastic) pattern.They are products using the lost wax process which is a process for producing near-net-shape metal parts. Investment casting process is an industrial process in which high technology waxes are used to form patterns that allow the production of components with accuracy, repeatability, versatility, and integrity in a variety of metals and high-performance alloys.

Today, forging and casting are major worldwide industry.

United States market for Forging and Casting Metal Components is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Forging and Casting Metal Components is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Forging and Casting Metal Components is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Forging and Casting Metal Components players cover Precision Castparts, Bharat Forge, Arconic, Nippon Steel, Kobe Steel, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LPI (LP Information) newest research report, the Forging and Casting Metal Components Industry Forecast looks at past sales and reviews total world Forging and Casting Metal Components sales in 2024, providing a comprehensive analysis by region and market sector of projected Forging and Casting Metal Components sales for 2025 through 2031. With Forging and Casting Metal Components sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Forging and Casting Metal Components industry.

This Insight Report provides a comprehensive analysis of the global Forging and Casting Metal Components landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Forging and Casting Metal Components portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms unique position in an accelerating global Forging and Casting Metal Components market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Forging and Casting Metal Components and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Forging and Casting Metal Components.

This report presents a comprehensive overview, market shares, and growth opportunities of Forging and Casting Metal Components market by product type, application, key players and key regions and countries.

Segmentation by Type:

    Forging
    Casting

Segmentation by Application:

    Automotive
    Aerospace
    Agricultural
    General Industrial
    Others

This report also splits the market by region:

    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the companys coverage, product portfolio, its market penetration.

    Precision Castparts
    Bharat Forge
    Arconic
    Nippon Steel
    Kobe Steel
    Thyssenkrupp
    Allegheny Technologies
    Aichi Steel
    Aubert & Duval
    American Axle & Manufacturing
    Questum
    Ashok Leyland (Hinduja Group)
    Jain Precision Fastners
    Avic Heavy Machinery
    VSMPO-AVISMA
    Wanxiang Qianchao
    FAW Foundry
    VDM Metals
    Mahindra Forgings Europe
    JSW Steel
    CITIC Heavy Industries
    Scot Forge
    Farinia
    Jiangsu Longcheng Precision Forging
    Tongyu Heavy Industry
    Sinotruck
    Dongfeng Forging
    Jiangsu Pacific Precision Forging
    China National Erzhong
    China First Heavy Industries
    Sypris Technologies