The Global Closed Die Forging Market was valued at USD 87.65 Billion in 2024 and is projected to reach USD 125.30 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period (2024–2030). This robust growth is driven by surging demand from the automotive and aerospace sectors, increased investment in industrial infrastructure, and the superior strength and reliability of forged components compared to cast or machined alternatives.

As industries worldwide prioritize durability, performance, and lightweighting, closed die forging remains a cornerstone of advanced manufacturing. In this blog, we profile the Top 10 Companies in the Closed Die Forging Industry—a group of global leaders and specialized forges that are setting the standard for quality, innovation, and production scale.

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🔟 1. Precision Castparts Corp (PCC)

Headquarters: Portland, Oregon, USA
Key Offering: Complex forged components for aerospace, power generation, and industrial applications

A Berkshire Hathaway company, Precision Castparts Corp is a global leader in complex metal components and products. While renowned for investment casting, its closed die forging division produces critical, high-integrity parts for jet engines, airframes, and industrial gas turbines, serving a premier list of OEMs.

Innovation & Market Focus:

• Specialization in nickel-based superalloys and titanium forgings

• Vertical integration from molten metal to finished machined components

• Focus on the demanding aerospace and energy sectors

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9️⃣ 2. Arconic Corporation (formerly Alcoa)

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Aluminum, titanium, and nickel-based superalloy forgings

Arconic is a powerhouse in lightweight metals engineering and manufacturing. Its forging operations are critical to the aerospace industry, producing large, structural airframe components and jet engine parts that require exceptional strength-to-weight ratios and fatigue resistance.

Innovation & Market Focus:

• Pioneering advanced aluminum-lithium alloys for next-generation aircraft

• Leadership in large, complex structural forgings

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8️⃣ 3. Nippon Steel & Sumitomo Metal Corporation (NSSMC)

Headquarters: Tokyo, Japan
Key Offering: Steel forgings for automotive, industrial machinery, and energy sectors

As one of the world’s largest steel producers, NSSMC has a formidable forging division. The company supplies high-quality forged steel components, including crankshafts, gears, and connecting rods, to the global automotive industry and heavy machinery manufacturers.

Innovation & Market Focus:

• Development of high-strength, micro-alloyed steels for weight reduction

• Strong supply chain integration with Japanese and global automakers

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7️⃣ 4. KOBELCO (Kobe Steel, Ltd.)

Headquarters: Kobe, Japan
Key Offering: Forgings and forged products for aerospace, energy, and industrial equipment

KOBELCO is a leading integrated steel producer with a highly respected forging business. The company is renowned for its advanced metallurgical expertise and produces critical components for aircraft landing gears, jet engines, and power plants, emphasizing quality and reliability.

Innovation & Market Focus:

• World-class capabilities in titanium and superalloy forgings for aerospace

• Focus on high-value, technically challenging forgings

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6️⃣ 5. Thyssenkrupp AG

Headquarters: Essen, Germany
Key Offering: Large forged components for industrial, marine, and energy applications

Thyssenkrupp’s forgings division is a key player in Europe, producing massive components for wind turbines, mining equipment, and marine propulsion systems. The company leverages its material science prowess to deliver durable solutions for extreme operating conditions.

Innovation & Market Focus:

• Expertise in large-diameter rolled rings and open-die/closed-die combinations

• Strong presence in the renewable energy sector, particularly wind power

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5️⃣ 6. Aichi Steel Corporation

Headquarters: Tokai, Aichi, Japan
Key Offering: Automotive forgings, including steering and engine components

Aichi Steel, part of the Toyota Group, is a specialist in forging high-quality components for the automotive industry. Its proximity and integration with Toyota ensure a steady demand for forged parts like crankshafts, which are essential for vehicle performance and efficiency.

Innovation & Market Focus:

• Development of lightweight forged parts for improved fuel economy

• Deep-rooted relationships with leading Japanese automotive OEMs

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4️⃣ 7. Bharat Forge Limited

Headquarters: Pune, Maharashtra, India
Key Offering: Automotive, industrial, and defense forgings

Bharat Forge is India’s largest forging company and a significant global manufacturer. It is a key supplier to commercial vehicle manufacturers worldwide and has strategically diversified into aerospace, defense, and oil & gas to mitigate cyclical automotive demand.

Innovation & Market Focus:

• Global footprint with manufacturing plants across three continents

• Aggressive diversification into non-automotive, high-margin sectors

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3️⃣ 8. Allegheny Technologies Incorporated (ATI)

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Specialty metal forgings for aerospace and defense

ATI is a leading manufacturer of specialty metals and complex components. Its forging segment produces high-performance parts from titanium, nickel-based alloys, and specialty steels, which are critical for the most demanding aerospace and defense applications.

Innovation & Market Focus:

• Leadership in next-generation materials for jet engines and airframes

• Strong focus on research and development of advanced alloys

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2️⃣ 9. AVIC Heavy Machinery Co., Ltd.

Headquarters: Beijing, China
Key Offering: Forgings for aerospace, power generation, and heavy machinery

As part of the Aviation Industry Corporation of China (AVIC), this company is a cornerstone of China’s industrial and aerospace supply chain. It produces large-scale forgings for domestic commercial aircraft programs, military aviation, and energy infrastructure projects.

Innovation & Market Focus:

• Strategic supplier to China’s rapidly growing commercial aerospace sector (COMAC)

• Investment in large press capacities to support national industrial goals

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1️⃣ 10. VSMPO-AVISMA Corporation

Headquarters: Verkhnaya Salda, Russia
Key Offering: Titanium forgings and semi-finished products for aerospace

VSMPO-AVISMA is the world’s largest producer of titanium. Its forging operations are integral to the global aerospace industry, supplying major airframers like Airbus and Boeing with critical titanium components, from landing gear beams to airframe structures.

Innovation & Market Focus:

• Dominant global position in titanium melting and forging

• Long-term contractual agreements with leading aerospace OEMs

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🏭 Outlook: The Future of Closed Die Forging is Smarter and More Integrated

The closed die forging market is evolving beyond traditional metal shaping. While the core principle of creating superior grain structure remains, the industry is embracing digitalization, advanced materials, and sustainable practices to meet the demands of modern manufacturing.

📈 Key Trends Shaping the Market:

• Adoption of simulation software for die design and process optimization, reducing lead times and material waste.

• Growing demand for lightweight materials like titanium and advanced aluminum alloys, particularly in aerospace and electric vehicles.

• Integration of Industry 4.0 technologies, including IoT sensors for real-time process monitoring and predictive maintenance.

• Increasing emphasis on supply chain resilience, prompting regionalization and strategic partnerships between forgers and OEMs.

The companies listed above are not just manufacturing components; they are engineering the backbone of modern industry and enabling technological progress across global supply chains.

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