The Global Forging Market was valued at US$ 84,370 Million in 2022 and is projected to reach US$ 119,290 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period. This robust growth is fueled by increasing demand from the automotive and aerospace sectors, the expansion of industrial machinery production, and the critical role of forged components in demanding applications that require superior strength and durability.

As global industries push for higher performance, efficiency, and lightweighting, forged components remain irreplaceable for critical applications. In this blog, we profile the Top 10 Companies in the Forging Industry—a group of global leaders and specialized manufacturers that are setting the standard for quality, innovation, and capacity in metal forming.

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🔟 1. Nippon Steel & Sumitomo Metal Corporation

Headquarters: Tokyo, Japan
Key Offering: Steel billets, bars, and custom forgings for automotive and industrial applications

Nippon Steel & Sumitomo Metal, often abbreviated as NSSMC, is a global steelmaking titan with a massive forging division. The company supplies a vast range of forged steel products, serving as a critical raw material supplier and forger for the global automotive supply chain and heavy machinery industries.

Market Leadership & Initiatives:

• One of the world’s largest steel producers with integrated forging capabilities
• Strong focus on advanced high-strength steels for vehicle lightweighting
• Investment in R&D for cleaner and more efficient steel production processes

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9️⃣ 2. Thyssenkrupp AG

Headquarters: Essen, Germany
Key Offering: Large forged components for industrial plants, aerospace, and energy sectors

Thyssenkrupp’s forging business is a cornerstone of its industrial solutions portfolio. The company specializes in large, complex open-die and closed-die forgings, particularly for the energy sector (wind turbine shafts), marine propulsion, and capital goods.

Market Leadership & Initiatives:

• Leading provider of large-scale forgings for the global energy transition
• Advanced materials expertise for high-temperature and corrosive environments
• Focus on digitalization and process optimization in forging operations

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8️⃣ 3. AAM (American Axle & Manufacturing)

Headquarters: Detroit, Michigan, USA
Key Offering: Driveline systems, metal-formed products, and precision forgings for the automotive industry

AAM is a key player in the automotive forging space, specializing in driveline and drivetrain systems. The company produces high-volume, precision-forged components like axle shafts, differential gears, and transmission parts for major automakers worldwide.

Market Leadership & Initiatives:

• Leadership in automotive driveline technology and forging
• Expansion into electric vehicle (EV) drivetrain components
• Global manufacturing footprint to serve international OEMs

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7️⃣ 4. Bharat Forge Ltd.

Headquarters: Pune, India
Key Offering: Forgings for automotive, industrial, power, oil & gas, and aerospace sectors

Bharat Forge is one of the world’s leading forging manufacturers and India’s largest exporter of automotive components. The company has a diverse product portfolio and a strong global presence, supplying critical components across multiple heavy industries.

Market Leadership & Initiatives:

• World’s second-largest forging company by capacity
• Strategic diversification into non-automotive segments like aerospace and defense
• Focus on lightweight aluminum forgings and advanced materials

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6️⃣ 5. KOBELCO (Kobe Steel, Ltd.)

Headquarters: Kobe, Japan
Key Offering: Aluminum and steel forgings, powder metallurgy products

KOBELCO is a major Japanese steelmaker with a highly respected forging division. The company is renowned for its advanced aluminum forgings, which are extensively used in automotive suspension components and aerospace structures to reduce weight.

Market Leadership & Initiatives:

• Technology leader in aluminum forging for lightweight automotive parts
• Strong capabilities in producing large, complex aircraft components
• Development of high-performance materials for demanding applications

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5️⃣ 6. Arconic Corporation

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Aerospace-grade aluminum, titanium, and nickel-based superalloy forgings

Arconic specializes in engineered products for the aerospace, automotive, and defense industries. Its forging operations are critical, producing large, structural airframe components, jet engine parts, and wheels for commercial and military aircraft.

Market Leadership & Initiatives:

• Premier supplier of forged components to the global aerospace industry
• Expertise in hard-to-work alloys like titanium and superalloys
• Investment in additive manufacturing and advanced forming technologies

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4️⃣ 7. Precision Castparts Corp. (A Berkshire Hathaway Company)

Headquarters: Portland, Oregon, USA
Key Offering: Complex metal components using investment casting, forgings, and fasteners for aerospace

Precision Castparts Corp. (PCC) is a dominant force in the aerospace supply chain. While known for casting, its forging segment produces critical, high-integrity components for jet engines and airframes, serving nearly all major aerospace OEMs.

Market Leadership & Initiatives:

• Strategic supplier to Airbus, Boeing, GE Aviation, and Rolls-Royce
• Focus on vertical integration and manufacturing complex, value-added parts
• R&D in materials science for next-generation aerospace propulsion

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3️⃣ 8. Allegheny Technologies Incorporated (ATI)

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Specialty rolled rings, forged bars, and components in titanium, nickel-based alloys, and specialty steels

ATI is a leader in producing high-performance materials and complex forgings. The company’s products are essential for the aerospace and defense industries, oil & gas, and medical applications, where extreme conditions demand superior material properties.

Market Leadership & Initiatives:

• Leading producer of forged rolled rings for aerospace engines
• Specialization in next-generation alloys for corrosive and high-temperature services
• Significant investment in long-term agreements with aerospace primes

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2️⃣ 9. CITIC Heavy Industries Co., Ltd.

Headquarters: Luoyang, Henan, China
Key Offering: Heavy forgings and castings for mining, cement, and power generation industries

CITIC Heavy Industries is a major Chinese player in the heavy machinery and forging sector. The company manufactures massive forged steel components, including back-up rolls for steel mills, grinding mill components for mining, and large shafts for various industrial applications.

Market Leadership & Initiatives:

• One of the largest heavy forging facilities in the world
• Key supplier to China’s extensive infrastructure and heavy industry sectors
• Expanding capabilities to serve global mining and energy markets

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1️⃣ 10. Brambles Limited (Through its CHEP business)

Headquarters: Sydney, Australia
Key Offering: Pooled pallets and container platforms (note: While not a traditional forger, represents a major end-user of forged components in its supply chain assets)

While Brambles itself is not a forging company, its CHEP division is one of the world’s largest users of forged components in its pallet and container pooling operations. The high-strength forged parts used in their reusable assets demonstrate the critical role of forging in industrial logistics and supply chains.

Market Leadership & Initiatives:

• World’s leading pooler of pallets and reusable packaging
• Drives demand for durable, forged fasteners and components in logistics
• Strong focus on circular economy and sustainable supply chain solutions

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🏭 Outlook: The Forging Industry’s Trajectory Toward Advanced Manufacturing

The forging market is not just growing; it is evolving. While traditional hot forging remains dominant for high-strength applications, the industry is embracing technological innovations to improve efficiency, precision, and material performance.

📈 Key Trends Shaping the Market:

• Rising demand for lightweight forged aluminum and titanium components in automotive and aerospace
• Adoption of Industry 4.0 technologies, including automation and real-time process monitoring
• Growth in the aerospace & defense sector, driving demand for complex, high-integrity forgings
• Expansion of forging capacities in Asia-Pacific, particularly in China and India

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The companies listed above are not just shaping metal—they are foundational to modern industrial civilization, providing the strong, reliable components that keep the world’s economies and infrastructure moving.