The Global Drop Forging Market was valued at USD 214 million in 2023 and is projected to reach USD 318.02 million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period (2023–2032). This growth is driven by rising demand from automotive, aerospace, and industrial machinery sectors, coupled with advanced forging technologies that enhance component strength and durability.

As manufacturers prioritize high-performance metal components, drop forging has become indispensable for critical applications. This blog examines the Top 10 Companies in the Drop Forging Industry—established leaders and innovators transforming manufacturing through precision metal forming.

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🔟 1. Precision Castparts Corp (PCC)

Headquarters: Portland, Oregon, USA
Key Offering: Aerospace forgings, Industrial components, Seamless rolled rings

A Berkshire Hathaway subsidiary, PCC dominates complex metal component manufacturing with specialized capabilities in nickel alloys, titanium, and stainless steel forgings for extreme environments.

Market Leadership:

• Largest global supplier of jet engine forgings
• Vertical integration from material production to finished parts
• AS9100D and NADCAP certified facilities

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9️⃣ 2. Bharat Forge Limited

Headquarters: Pune, India
Key Offering: Automotive components, Defense systems, Industrial forgings

Asia’s forging powerhouse operates 12 manufacturing sites across seven countries, supplying precision components to global OEMs with advanced aluminum and steel forging capabilities.

Market Leadership:

• 90% domestic automotive forging market share
• Pioneer in Industry 4.0 implementation
• Strategic partnerships with global defense contractors

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8️⃣ 3. ThyssenKrupp AG

Headquarters: Essen, Germany
Key Offering: Engine components, Chassis systems, Large structural forgings

ThyssenKrupp’s forging division leads European automotive and industrial markets with closed-die forging processes that optimize material strength and weight.

Market Leadership:

• Innovator in lightweight forging solutions
• Complete in-house material processing
• Automated production for precision components

Download FREE Sample Report: Drop Forging Market – View in Detailed Research Report

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7️⃣ 4. Scot Forge

Headquarters: Spring Grove, Illinois, USA
Key Offering: Custom open-die forgings, Special alloy components, Closed-die solutions

This 130-year-old family business combines artisanal forging expertise with modern metallurgy to produce high-integrity components for defense, energy, and aerospace sectors.

Market Leadership:

• Specialization in exotic and high-performance alloys
• Nationwide distribution with quick-turn capabilities
• ITAR and DNV-GL certified operations

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6️⃣ 5. Allegheny Technologies Incorporated (ATI)

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Nickel-based superalloys, Titanium forgings, Specialty steel components

ATI’s forging division is a critical supplier to aerospace and defense sectors, particularly for jet engine and airframe components requiring high-temperature resistance.

Market Leadership:

• Leader in next-generation alloy development
• Medical-grade titanium forging capabilities
• Strategic partnerships with major engine manufacturers

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5️⃣ 6. Nippon Steel Corporation

Headquarters: Tokyo, Japan
Key Offering: Automotive forgings, Industrial machinery components, Steel forgings

Japan’s steel giant leverages its material science expertise to produce high-strength forged components for automotive and industrial applications globally.

Market Leadership:

• Integrated steel production and forging operations
• Advanced heat treatment technologies
• Leading supplier to Asian automotive OEMs

Download FREE Sample Report: Drop Forging Market – View in Detailed Research Report

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4️⃣ 7. Ellwood Group Inc.

Headquarters: New Castle, Pennsylvania, USA
Key Offering: Large open-die forgings, Seamless rolled rings, Custom shapes

With century-old expertise, Ellwood Group operates some of North America’s largest forging presses, producing components up to 200 tons for energy and industrial markets.

Market Leadership:

• Specialist in ultra-large diameter forgings
• Complete material traceability systems
• Growing renewable energy components business

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3️⃣ 8. Kalyani Forge

Headquarters: Pune, India
Key Offering: Commercial vehicle components, Defense systems, Aerospace forgings

Part of the diversified Kalyani Group, this manufacturer supplies precision forgings to global automotive and aerospace markets with increasing automation adoption.

Market Leadership:

• Strategic exporter to European and American markets
• Robotic forging cell implementation
• Growing defense aerospace capabilities

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2️⃣ 9. Farinia Group

Headquarters: Paris, France
Key Offering: Automotive transmission parts, Electric vehicle components, Cold-formed parts

Farinia integrates forging, heat treatment, and machining to deliver complete solutions for European automotive manufacturers transitioning to electrification.

Market Leadership:

• Specialist in drivetrain components
• Lean manufacturing processes
• Growing EV component portfolio

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1️⃣ 10. Schuler AG

Headquarters: Göppingen, Germany
Key Offering: Forging presses, Die systems, Automation solutions

As the world’s leading forging equipment manufacturer, Schuler enables precision metal forming through advanced press technologies and smart manufacturing systems.

Market Leadership:

• Innovator in servo-electric forging presses
• Integrated Industry 4.0 solutions
• Global technical support network

Get Full Report Here: Drop Forging Market – View in Detailed Research Report

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🔨 Outlook: Smart Manufacturing and Lightweighting Shape Forging’s Future

The drop forging industry stands at an inflection point as digital transformation and new material requirements redefine traditional processes. While steel forgings remain dominant, emerging technologies are driving unprecedented changes in production methodologies.

📈 Key Industry Transformations:

• Accelerated adoption of AI-driven process optimization
• Shift toward aluminum and titanium for weight-sensitive applications
• Growing demand from wind energy and hydrogen infrastructure sectors
• Development of self-learning forging systems with predictive maintenance
• Expansion of Indian and Chinese forging capacities

Get Full Report Here: Drop Forging Market – View in Detailed Research Report

These market leaders are not merely forging metal—they’re shaping the future of industrial manufacturing through material innovation, digital integration, and sustainable production methodologies.