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Aluminium Forging Market

ID: MRFR/CnM/40053-HCR
111 Pages
Chitranshi Jaiswal
October 2025

Global Aluminium Forging Market Research Report: By Application (Automotive, Aerospace, Industrial Equipment, Construction, Electrical), By Type (Open Die Forging, Closed Die Forging, Roll Forging), By Material Grade (6061, 7075, 6005, 2024), By Technology (Hot Forging, Cold Forging, Warm Forging) andBy Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa)- Forecast to 2035

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Aluminium Forging Market Summary

As per MRFR analysis, the Aluminium Forging Market Size was estimated at 11.8 USD Billion in 2024. The Aluminium Forging industry is projected to grow from 13.25 USD Billion in 2025 to 42.29 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 12.31 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Aluminium Forging Market is poised for robust growth driven by sustainability and technological advancements.

  • North America remains the largest market for aluminium forging, driven by its established automotive and aerospace industries.
  • The Asia-Pacific region is emerging as the fastest-growing market, fueled by increasing industrialization and infrastructure development.
  • The automotive segment dominates the market, while the aerospace segment is experiencing rapid growth due to rising demand for lightweight materials.
  • Key market drivers include sustainability initiatives and automotive lightweighting trends, which are reshaping industry dynamics.

Market Size & Forecast

2024 Market Size 11.8 (USD Billion)
2035 Market Size 42.29 (USD Billion)
CAGR (2025 - 2035) 12.31%

Major Players

Alcoa Corporation (US), Aleris Corporation (US), Constellium SE (FR), Kaiser Aluminum Corporation (US), Norsk Hydro ASA (NO), Sapa Group (NO), UACJ Corporation (JP), Precision Castparts Corp. (US), Forged Solutions Group (GB)

Aluminium Forging Market Trends

The Aluminium Forging Market is currently experiencing a dynamic evolution, driven by various factors that influence demand and supply. The increasing emphasis on lightweight materials in the automotive and aerospace sectors appears to be a primary catalyst for growth. As industries strive for enhanced fuel efficiency and performance, aluminium's favorable properties, such as high strength-to-weight ratio and corrosion resistance, are becoming increasingly desirable. Furthermore, advancements in forging technologies are likely to enhance production efficiency and product quality, thereby attracting more manufacturers to this sector. In addition to technological advancements, the Aluminium Forging Market is also witnessing a shift towards sustainable practices. Companies are increasingly focusing on reducing their carbon footprint and utilizing recycled materials in their production processes. This trend aligns with global efforts to promote environmental sustainability and may lead to a more circular economy within the industry. As the market continues to evolve, it is essential for stakeholders to remain adaptable and responsive to these emerging trends, ensuring they capitalize on the opportunities presented by this vibrant sector.

Sustainability Initiatives

The Aluminium Forging Market is increasingly influenced by sustainability initiatives. Manufacturers are adopting eco-friendly practices, such as utilizing recycled aluminium and reducing waste during production. This shift not only addresses environmental concerns but also appeals to consumers who prioritize sustainable products.

Technological Advancements

Innovations in forging technologies are reshaping the Aluminium Forging Market. Enhanced techniques, such as precision forging and automated processes, are improving product quality and production efficiency. These advancements may lead to the development of more complex and high-performance components.

Growing Demand in Aerospace and Automotive

The demand for aluminium forged components in the aerospace and automotive industries is on the rise. As these sectors seek to improve fuel efficiency and reduce weight, aluminium's properties make it an attractive choice. This trend is likely to drive further growth in the Aluminium Forging Market.

Market Segment Insights

By Application: Automotive (Largest) vs. Aerospace (Fastest-Growing)

The Aluminium Forging Market is significantly driven by its application across various industries, with the automotive sector holding the largest market share. This dominance is attributed to the increasing adoption of lightweight materials in vehicle manufacturing, aiming for improved fuel efficiency and performance. Following closely, the aerospace sector is gaining traction, driven by advancements in aircraft design aiming for weight reduction and increased fuel efficiency. Other applications such as industrial equipment, consumer goods, and marine also contribute to the market, though to a lesser extent.

Automotive: Forging (Dominant) vs. Aerospace (Emerging)

In the Aluminium Forging Market, the automotive sector is clearly the dominant player due to its substantial use of forged aluminium parts in vehicles, enhancing performance and safety. Key characteristics include the demand for lightweight components that support electric and hybrid vehicles, driving innovation in forging techniques. On the other hand, the aerospace industry is emerging rapidly, with a focus on reducing aircraft weight and fuel consumption through the use of advanced aluminium forging. This sector's growth is propelled by increasing passenger traffic and the need for more fuel-efficient aircraft. The competitive dynamics between automotive and aerospace applications highlight the innovative advancements shaping the market.

By End Use: Structural Components (Largest) vs. Engine Components (Fastest-Growing)

The Aluminium Forging Market is segmented into various end uses, with structural components holding the largest market share. These components are crucial in building robust structures that require high strength-to-weight ratios. Engine components, while not the largest, are the fastest-growing segment due to the rising demand for lightweight materials in automotive and aerospace applications. As manufacturers prioritize efficiency and performance, the shift towards forging engine components is accelerating. Growth in the aluminium forging segment is driven by advancements in manufacturing technologies and increasing demand from the automotive sector. Structural components benefit from their established market presence and continued investments in infrastructure. Conversely, engine components are emerging rapidly due to trends like increased fuel efficiency regulations and the demand for electric vehicle technologies, with manufacturers leveraging aluminium forging to meet these evolving needs.

Structural Components (Dominant) vs. Engine Components (Emerging)

Structural components dominate the Aluminium Forging Market due to their essential role in various industries, including construction and automotive. They are recognized for their high strength, durability, and lightweight properties, making them ideal for applications requiring enhanced resilience. In contrast, engine components represent an emerging segment, driven by the push for innovation in mobility solutions. These components leverage aluminum's attributes to contribute to lighter and more efficient engines, catering to the evolving demands of electric and hybrid vehicles. The market is seeing innovation in designs and applications, with players focusing on sustainability and advanced manufacturing processes to capture growth in the rising engine component segment.

By Material Type: Aluminium Alloy (Largest) vs. Aluminium 7075 (Fastest-Growing)

The Aluminium Forging Market showcases a diverse material type distribution where Aluminium Alloy stands as the largest segment, commanding a significant portion of the market share due to its versatile properties and widespread adoption across industries. Following closely, Aluminium 6061 and Aluminium 5052 also maintain substantial shares, catering to specific applications in automotive and aerospace sectors. In contrast, Aluminium 7075, noted for its high strength-to-weight ratio, is emerging rapidly, capturing increasing interest for more demanding structural applications.

Aluminium Alloy (Dominant) vs. Aluminium 2024 (Emerging)

Aluminium Alloy is recognized as the dominant player in the Aluminium Forging Market due to its excellent mechanical properties and adaptability in various applications, particularly in the aerospace and automotive industries. This versatility makes it a preferred choice among manufacturers. On the other hand, Aluminium 2024, labeled as an emerging alloy, is gaining traction for its remarkable fatigue resistance and strength. This alloy is particularly sought after in high-stress environments, making it ideal for aerospace applications. As industries continue to search for lighter yet reliable materials, Aluminium 2024 is poised for growth, potentially reshaping its position in the market.

By Process Type: Hot Forging (Largest) vs. Precision Forging (Fastest-Growing)

The Aluminium Forging Market is characterized by diverse process types, with hot forging maintaining its dominance due to its ability to produce complex shapes and high volumes. Cold forging is also significant, appealing for its ability to create high-strength components while minimizing wastage. The warm forging and isothermal forging processes are gaining traction, especially in applications requiring improved dimensional accuracy. Precision forging, aligned with advancements in manufacturing technologies, is emerging rapidly, providing opportunities for manufacturers to meet specific performance needs.

Hot Forging (Dominant) vs. Precision Forging (Emerging)

Hot forging remains the dominant process type in the Aluminium Forging Market, largely due to its capability to handle high temperatures and achieve desired mechanical properties in forged products. This method allows for the production of intricate and robust components with fewer defects. In contrast, precision forging is an emerging segment that focuses on producing parts with superior dimensional accuracy and surface finish. The growing emphasis on lightweight and high-performance materials drives the adoption of precision forging, as it meets the stringent requirements of the automotive and aerospace industries, making it a key player for future growth.

By Product Type: Forged Bars (Largest) vs. Forged Plates (Fastest-Growing)

In the Aluminium Forging Market, the segment values reflect a diverse portfolio with Forged Bars holding the largest market share. This product type benefits from its extensive applications across various industries, ensuring a steady demand pattern. Forged Plates, while smaller in share, exhibit the most promising growth potential, indicating a shift in manufacturing processes towards lightweight and high-strength materials. As companies increasingly adopt advanced fabrication techniques, Forged Plates are emerging as a preferred choice for high-performance applications. The growth trajectory of these segments is driven by increased demand in the aerospace and automotive sectors, where weight reduction and enhanced durability are critical. Additionally, technological advancements in forging techniques and rising investments in infrastructure are propelling Forged Plates into the spotlight. As industries evolve, the shift towards sustainable practices may further increase the adoption of both Forged Bars and Plates, distinctly shaping the future of the Aluminium Forging Market.

Forged Bars (Dominant) vs. Forged Shapes (Emerging)

Forged Bars are predominantly recognized as the dominant product type in the Aluminium Forging Market, largely due to their versatility and widespread usage across multiple sectors such as automotive, aerospace, and construction. Their inherent strength and ability to withstand extreme environments make them a preferred choice for manufacturers. On the other hand, Forged Shapes, while still emerging, are gaining traction due to increasing customization capabilities and innovative designs tailored for specific applications. This segment appeals particularly to niche markets that require unique dimensions and performance specifications. The market positioning of these segments highlights a significant contrast between established products and innovative trends fostering growth opportunities within the market.

Get more detailed insights about Aluminium Forging Market

Regional Insights

North America : Established Market with Growth Potential

The North American aluminium forging market, valued at $3.54 billion, is driven by increasing demand in aerospace, automotive, and construction sectors. Regulatory support for lightweight materials and sustainability initiatives further catalyze growth. The region's focus on innovation and advanced manufacturing technologies is expected to enhance production efficiency and product quality, contributing to market expansion. Leading countries like the US and Canada dominate the landscape, with key players such as Alcoa Corporation and Kaiser Aluminum Corporation driving competition. The presence of established manufacturers and a robust supply chain fosters a conducive environment for growth. As the market evolves, investments in R&D and strategic partnerships will be crucial for maintaining competitive advantage.

Europe : Innovation and Sustainability Focus

Europe's aluminium forging market, valued at $3.12 billion, is characterized by a strong emphasis on sustainability and innovation. The region is witnessing a shift towards lightweight materials in automotive and aerospace applications, driven by stringent environmental regulations. This trend is expected to propel market growth as manufacturers adapt to meet evolving consumer demands and regulatory standards. Countries like Germany, France, and the UK are at the forefront, with key players such as Constellium SE and Norsk Hydro ASA leading the charge. The competitive landscape is marked by collaborations and technological advancements aimed at enhancing product offerings. As the market matures, the focus on recycling and sustainable practices will play a pivotal role in shaping future growth trajectories.

Asia-Pacific : Rapid Growth and Market Leadership

Asia-Pacific, with a market size of $5.8 billion, is the largest region for aluminium forging, driven by robust industrial growth and increasing demand from automotive and aerospace sectors. The region's rapid urbanization and infrastructure development are significant growth catalysts. Additionally, favorable government policies and investments in manufacturing capabilities are expected to sustain this upward trajectory in the coming years. China, Japan, and India are leading countries in this market, with major players like UACJ Corporation and Precision Castparts Corp. establishing a strong foothold. The competitive landscape is characterized by a mix of local and international firms, fostering innovation and efficiency. As the region continues to expand, the focus on advanced technologies and sustainable practices will be crucial for maintaining market leadership.

Middle East and Africa : Emerging Market with Potential

The Middle East and Africa's aluminium forging market, valued at $0.34 billion, is in its nascent stages but shows significant growth potential. The region's increasing investments in infrastructure and construction projects are driving demand for aluminium products. Additionally, government initiatives aimed at diversifying economies and promoting manufacturing are expected to catalyze market growth in the coming years. Countries like the UAE and South Africa are leading the charge, with a growing number of local and international players entering the market. The competitive landscape is evolving, with companies focusing on establishing production facilities to meet local demand. As the market matures, strategic partnerships and investments in technology will be essential for capturing growth opportunities.

Aluminium Forging Market Regional Image

Key Players and Competitive Insights

The Aluminium Forging Market is characterized by a dynamic competitive landscape, driven by increasing demand across various sectors such as automotive, aerospace, and construction. Key players are actively pursuing strategies that emphasize innovation, operational efficiency, and sustainability. For instance, Alcoa Corporation (US) has been focusing on enhancing its product offerings through advanced manufacturing techniques, while Constellium SE (FR) is leveraging its expertise in lightweight materials to cater to the growing electric vehicle market. These strategic positions not only bolster their market presence but also contribute to a more competitive environment, as companies strive to differentiate themselves through technological advancements and sustainable practices.

In terms of business tactics, companies are increasingly localizing manufacturing to reduce lead times and optimize supply chains. The market structure appears moderately fragmented, with several key players exerting considerable influence. This fragmentation allows for a variety of competitive strategies, as companies seek to carve out niche markets while also competing on a broader scale. The collective influence of these players shapes the market dynamics, as they adapt to changing consumer preferences and regulatory requirements.

In November 2025, Norsk Hydro ASA (NO) announced a strategic partnership with a leading automotive manufacturer to develop high-performance aluminium components aimed at reducing vehicle weight and enhancing fuel efficiency. This collaboration underscores the importance of innovation in meeting the evolving demands of the automotive sector, positioning Norsk Hydro as a key player in the transition towards more sustainable transportation solutions. The partnership is likely to enhance their competitive edge by integrating advanced materials technology into their product offerings.

In October 2025, Kaiser Aluminum Corporation (US) expanded its production capabilities by investing in a new forging facility in the Midwest. This move is indicative of the company's commitment to meeting the increasing demand for high-strength aluminium products, particularly in the aerospace and defense sectors. The facility is expected to enhance operational efficiency and reduce production costs, thereby strengthening Kaiser Aluminum's market position amidst rising competition.

In September 2025, Precision Castparts Corp. (US) completed the acquisition of a smaller forging company specializing in aerospace applications. This acquisition is anticipated to broaden Precision Castparts' product portfolio and enhance its technological capabilities, allowing for greater innovation in the aerospace sector. Such strategic moves reflect a trend towards consolidation in the market, as companies seek to enhance their competitive positioning through mergers and acquisitions.

As of December 2025, the Aluminium Forging Market is witnessing trends that emphasize digitalization, sustainability, and the integration of artificial intelligence in manufacturing processes. Strategic alliances are increasingly shaping the competitive landscape, enabling companies to pool resources and expertise to drive innovation. The shift from price-based competition to a focus on technological advancement and supply chain reliability is becoming more pronounced. In this evolving environment, companies that prioritize innovation and sustainability are likely to emerge as leaders, setting the stage for a more resilient and competitive market.

Key Companies in the Aluminium Forging Market include

Industry Developments

Recent developments in the Global Aluminium Forging Market highlight significant advancements and strategic moves by key players. Sapa Group and Alcoa continue to focus on innovations aimed at enhancing production efficiency and sustainability, addressing the increasing demand for lightweight materials in the automotive and aerospace industries. Constellium has expanded its product lines, catering to specialized applications, while Aalco Metals recently reported growth attributed to strong demand from the construction sector. Aluminium Corporation of China Limited has made strides in increasing its manufacturing capacity to meet global standards. Notably, there have been discussions around potential merger and acquisition activities involving Forgital Group and General Motors, intended to bolster their competitiveness in the aluminium sector. Aluminium Bahrain B.S.C. and Aleris Corporation are also exploring synergies for operational enhancements. Moreover, the market is witnessing a surge in valuation as industries globally shift towards sustainable practices, prompting companies to invest heavily in research and development. The ongoing developments are indicative of a robust market landscape, reflecting both challenges and opportunities for key stakeholders within the Global Aluminium Forging Market.

Future Outlook

Aluminium Forging Market Future Outlook

The Aluminium Forging Market is projected to grow at a 12.31% CAGR from 2024 to 2035, driven by increasing demand in automotive, aerospace, and construction sectors.

New opportunities lie in:

  • Expansion into electric vehicle components manufacturing
  • Development of lightweight, high-strength alloys for aerospace applications
  • Investment in automated forging technologies to enhance production efficiency

By 2035, the Aluminium Forging Market is expected to achieve substantial growth and innovation.

Market Segmentation

Aluminium Forging Market End Use Outlook

  • Structural Components
  • Engine Components
  • Transmission Components
  • Chassis Components
  • Body Components

Aluminium Forging Market Application Outlook

  • Automotive
  • Aerospace
  • Industrial Equipment
  • Consumer Goods
  • Marine

Aluminium Forging Market Process Type Outlook

  • Hot Forging
  • Cold Forging
  • Warm Forging
  • Isothermal Forging
  • Precision Forging

Aluminium Forging Market Product Type Outlook

  • Forged Bars
  • Forged Plates
  • Forged Rings
  • Forged Shapes
  • Forged Discs

Aluminium Forging Market Material Type Outlook

  • Aluminium Alloy
  • Aluminium 6061
  • Aluminium 7075
  • Aluminium 2024
  • Aluminium 5052

Report Scope

MARKET SIZE 202411.8(USD Billion)
MARKET SIZE 202513.25(USD Billion)
MARKET SIZE 203542.29(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)12.31% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledAlcoa Corporation (US), Aleris Corporation (US), Constellium SE (FR), Kaiser Aluminum Corporation (US), Norsk Hydro ASA (NO), Sapa Group (NO), UACJ Corporation (JP), Precision Castparts Corp. (US), Forged Solutions Group (GB)
Segments CoveredApplication, End Use, Material Type, Process Type, Product Type
Key Market OpportunitiesGrowing demand for lightweight materials in automotive and aerospace sectors drives Aluminium Forging Market opportunities.
Key Market DynamicsTechnological advancements and sustainability initiatives drive innovation and competition in the Aluminium Forging Market.
Countries CoveredNorth America, Europe, APAC, South America, MEA

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FAQs

What is the expected market size of the Global Aluminium Forging Market in 2024?

The Global Aluminium Forging Market is expected to be valued at 19.56 USD Billion in 2024.

What is the projected market size for the Global Aluminium Forging Market by 2035?

By 2035, the Global Aluminium Forging Market is expected to reach a valuation of 25.0 USD Billion.

What is the expected compound annual growth rate (CAGR) for the Global Aluminium Forging Market from 2025 to 2035?

The anticipated CAGR for the Global Aluminium Forging Market from 2025 to 2035 is 2.25%.

Which region is expected to hold the largest market share in the Global Aluminium Forging Market in 2024?

In 2024, the APAC region is expected to dominate the Global Aluminium Forging Market with a valuation of 6.84 USD Billion.

What are the market sizes for key applications in the Global Aluminium Forging Market in 2024?

In 2024, the automotive application is valued at 7.5 USD Billion, aerospace at 4.0 USD Billion, industrial equipment at 3.0 USD Billion, construction at 2.5 USD Billion, and electrical at 2.56 USD Billion.

Who are the key players in the Global Aluminium Forging Market?

Major players in the Global Aluminium Forging Market include Sapa Group, Alcoa, Constellium, and Kobe Steel, among others.

What is the projected market value for the North American segment of the Global Aluminium Forging Market in 2035?

The North American segment of the Global Aluminium Forging Market is projected to be valued at 6.61 USD Billion by 2035.

What is the expected market size for the aerospace application within the Global Aluminium Forging Market in 2035?

The market size for the aerospace application is expected to be 5.0 USD Billion in 2035.

What challenges might impact the growth of the Global Aluminium Forging Market?

The growth of the Global Aluminium Forging Market may be influenced by fluctuating raw material prices and changing regulations.

How is the construction application projected to grow in the Global Aluminium Forging Market from 2024 to 2035?

The construction application is expected to grow from 2.5 USD Billion in 2024 to 3.0 USD Billion in 2035.

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