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  • Writer's picturesiddhesh kapshikar
    • Nov 3, 2023
    • 4 min read

Stainless Steel Forgings Market, Global Outlook and Forecast 2023-2032

The global Stainless Steel Forgings market was valued at US$ 7954.1 million in 2022 and is projected to reach US$ 10480 million by 2029, at a CAGR of 4.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Forging is a manufacturing procedure which involves the shaping of material with a hammer using compressive force. Stainless steel is a widely use material among manufacturers to develop industrial parts.


This report aims to provide a comprehensive presentation of the global market for Stainless Steel Forgings, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Stainless Steel Forgings. This report contains market size and forecasts of Stainless Steel Forgings in global, including the following market information:


Global Stainless Steel Forgings Market Revenue, 2018-2023, 2024-2032, ($ millions)

Global Stainless Steel Forgings Market Sales, 2018-2023, 2024-2032, (K MT)

Global top five Stainless Steel Forgings companies in 2022 (%)


Stainless steel forgings market revenue is expected to grow at a rapid growth rate, over the forecast period.

We surveyed the Stainless Steel Forgings manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Stainless Steel Forgings Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K MT)

Global Stainless Steel Forgings Market Segment Percentages, by Type, 2022 (%)


  • Castings

  • Hot/Cold Forged Parts

  • Sintered Parts


Global Stainless Steel Forgings Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K MT)

Global Stainless Steel Forgings Market Segment Percentages, by Application, 2022 (%)


  • Automotive

  • Aerospace

  • Industrial

  • Building & Construction

  • Consumer Goods

  • Aviation

  • Others


Global Stainless Steel Forgings Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K MT)

Global Stainless Steel Forgings Market Segment Percentages, By Region and Country, 2022 (%)


  • North America

  • US

  • Canada

  • Mexico

  • Europe

  • Germany

  • France

  • U.K.

  • Italy

  • Russia

  • Nordic Countries

  • Benelux

  • Rest of Europe

  • Asia

  • China

  • Japan

  • South Korea

  • Southeast Asia

  • India

  • Rest of Asia

  • South America

  • Brazil

  • Argentina

  • Rest of South America

  • Middle East & Africa

  • Turkey

  • Israel

  • Saudi Arabia

  • UAE

  • Rest of Middle East & Africa


Competitor Analysis

The report also provides analysis of leading market participants including:


  • Key companies Stainless Steel Forgings revenues in global market, 2018-2023 (Estimated), ($ millions)

  • Key companies Stainless Steel Forgings revenues share in global market, 2022 (%)

  • Key companies Stainless Steel Forgings sales in global market, 2018-2023 (Estimated), (K MT)

  • Key companies Stainless Steel Forgings sales share in global market, 2022 (%)


Further, the report presents profiles of competitors in the market, key players include:


  • All Metals & Forge

  • Wichard

  • Ellwood Closed Die Group

  • ISGEC Heavy Engineering

  • Bourdon Forge

  • Tarunsika

  • Precision Castparts

  • Keystone Forging

  • Sintex

  • PSM Industries

  • Harsh Steel Trade

  • Forge Products

  • J & N Metal Products

  • Canada Forgings

  • Harihar Alloys Private

  • Scot Forge


Outline of Major Chapters:

Chapter 1: Introduces the definition of Stainless Steel Forgings, market overview.

Chapter 2: Global Stainless Steel Forgings market size in revenue and volume.

Chapter 3: Detailed analysis of Stainless Steel Forgings manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Stainless Steel Forgings in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Stainless Steel Forgings capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.

Table of content

1 Introduction to Research & Analysis Reports 1.1 Stainless Steel Forgings Market Definition 1.2 Market Segments 1.2.1 Market by Type 1.2.2 Market by Application 1.3 Global Stainless Steel Forgings Market Overview 1.4 Features & Benefits of This Report 1.5 Methodology & Sources of Information 1.5.1 Research Methodology 1.5.2 Research Process 1.5.3 Base Year 1.5.4 Report Assumptions & Caveats 2 Global Stainless Steel Forgings Overall Market Size 2.1 Global Stainless Steel Forgings Market Size: 2022 VS 2032 2.2 Global Stainless Steel Forgings Revenue, Prospects & Forecasts: 2018-2032 2.3 Global Stainless Steel Forgings Sales: 2018-2032 3 Company Landscape 3.1 Top Stainless Steel Forgings Players in Global Market 3.2 Top Global Stainless Steel Forgings Companies Ranked by Revenue 3.3 Global Stainless Steel Forgings Revenue by Companies 3.4 Global Stainless Steel Forgings Sales by Companies 3.5 Global Stainless Steel Forgings Price by Manufacturer (2018-2023) 3.6 Top 3 and Top 5 Stainless Steel Forgings Companies in Global Market, by Revenue in 2022 3.7 Global Manufacturers Stainless Steel Forgings Product Type 3.8 Tier 1, Tier 2 and Tier 3 Stainless Steel Forgings Players in Global Market 3.8.1 List of Global Tier 1 Stainless Steel Forgings Companies 3.8.2 List of Global Tier 2 and Tier 3 Stainless Steel Forgings Companies 4 S

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