$4450
$3560
The upto 10 kg closed die forging market size is expected to reach US$ 13,932.46 million by 2031 from US$ 9,310.65 million in 2024. The market is estimated to register a CAGR of 6.1% during 2025–2031. The adoption of sustainable and recyclable forging materials is likely to bring new trends to the market in the coming years.
Upto 10 kg Closed Die Forging Market Analysis
The automotive sector is a significant application area for up to 10 kg closed die forgings, which represented a substantial market share in 2024. Forged parts such as connecting rods, drive flanges, crankshafts, and gears are critical for vehicle performance and durability. The expanding sales of passenger and commercial vehicles are having a positive impact on the upto 10 kg closed die forging market. In addition, the transition to EVs is also exhibiting new opportunities for forged aluminum components, which is boosting the growth of upto 10 kg closed die forging market
Aerospace is a high-development sector, with demand for precision-forged parts in aircraft engines, landing gear, and structural components. Further, the defense industry depends strongly on closed die forgings for weapons and armored vehicles. The growing military and defense budget and expenditures worldwide are also fueling the demand for upto 10 kg closed die forging techniques.
Innovations in forging technology, such as computer-measured forging presses, simulation software, and the usage of advanced materials, are enhancing production efficiency and component quality. Additive manufacturing and hybrid forging techniques are gaining momentum, enabling the production of complex geometries, which are offering new growth opportunities for the up to 10 kg closed die forging market.
Upto 10 kg Closed Die Forging Market Overview
The global upto 10 kg closed die forging market is a fast-evolving sector, driven by the demand across industries such as automotive, aerospace & defense, construction, and oil & gas. Closed die forging, also called impression die forging, is a fabrication process where a metal billet is pressed into the shape of a die under high pressure, ensuring strength and precision for high-performance components. The emphasis on lightweight yet durable forged parts has been a key driving factor, particularly in weight-sensitive industries such as automotive and aerospace & defense.
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Upto 10 kg Closed Die Forging Market: Strategic Insights
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Upto 10 kg Closed Die Forging Market: Strategic Insights
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Upto 10 kg Closed Die Forging Market Drivers and Opportunities
Increasing Demand from Aerospace and Defense Sectors
The aerospace and defense sectors are experiencing significant growth, particularly in manufacturing processes, especially closed die forging. Closed die forging, often described as impression-die forging, is a method where a metal is fabricated under high pressure between two dies covering a pre-cut profile of the desired part. Notably, the demand for upto 10 kg closed die forgings has been rising owing to their lightweight, high-strength characteristics and ability to meet the strict requirements of aerospace and defense applications. Aerospace and defense components need materials and fabrication processes that demonstrate high strength-to-weight ratios. Upto 10 kg closed die forging is ideal for producing components that are lightweight and strong, meeting the weight reduction objectives of military and aircraft equipment producers. For instance, as per the data published by Airbus and Boeing in 2023, both companies supplied more than 1,200 passenger and freight aircraft, whereas, in 2019, the total aircraft deliveries reached ~1,100 passenger and freight aircraft. With such an increase in aircraft deliveries, there is a rise in demand for aircraft components from aircraft OEMs; this, in turn, is boosting the requirement for upto 10 kg closed die forging across the globe.
Growing Demand for Customization and Specialized Solutions in Construction, Agriculture, and Metallurgy Sectors
The upto 10 kg closed die forging market is observing a significant shift toward specialized and customization solutions, driven by the distinctive demands of various industries, including agriculture, construction, and metallurgy. This inclination is restructuring the landscape of manufacturing processes and providing abundant opportunities for forging firms to innovate and develop their offerings. The construction sector incorporates an extensive range of projects, from residential buildings to large infrastructure developments. Each project often has specific conditions for components such as connectors, brackets, and structural supports. Upto 10 kg closed die forging allows manufacturers to design customized parts that meet the distinctive specifications of each construction project. This involves weight limitations, specific dimensions, and material properties tailored to the environmental circumstances and loads the components will encounter. Further, the agriculture sector involves various practices, from livestock management to crop production, each requiring specialized equipment and tools. Customization of forged components can enhance the efficiency and functionality of agricultural machinery. Upto 10 kg closed die forging allows for the production of tailored agricultural implements, such as harrows, plows, and other attachments that meet specific operational requirements and farming procedures. As precision agriculture continues to gain momentum, there is a pressing need for specialized components that incorporate advanced technologies. Custom forged parts can be designed to accommodate automation systems, sensors, and other technologies that enhance farming efficiency. Moreover, the metallurgy sector demands a wide range of specified tools and equipment, including molds, dies, and fixtures for various processes. Upto 10 kg closed die forging can produce high-precision tools tailored to specific applications, which is also anticipated to have a positive impact on the overall market growth over the forecast period.
Upto 10 kg Closed Die Forging Market Report Segmentation Analysis
Key segments that contributed to the derivation of the upto 10 kg closed die forging market analysis are material type and industry.
- In terms of material type, the market is categorized into nickel-based alloys, titanium alloys, steel alloys, aluminum alloys, and others. The steel alloys line segment dominated the market in 2024.
- By industry, the market is categorized into automotive, aerospace, heavy equipment, manufacturing, oil and gas, construction equipment, agricultural equipment, and others. The automotive segment is further divided into passenger vehicle, commercial vehicle, motorcycle, and trailers. The automotive segment dominated the market in 2024.
Upto 10 kg Closed Die Forging Market Share Analysis by Geography
The upto 10 kg closed die forging market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SAM). Asia Pacific dominated the market in 2024, followed by Europe and North America.
The US, Canada, and Mexico are the key countries in the North America upto 10 kg closed die forging market. Factors such as the rise in demand for infrastructure development, industrial growth, and rapid urbanization influence the upto 10 kg closed die forging market growth. The development in the construction, automotive, and aerospace sectors is one of the prime reasons for the growth of the upto 10 kg closed die forging market in North America. As per the Association of Equipment Manufacturers (AEM), the US construction market grew by 3% in 2024. The growing investment in the development and expansion of energy & power and oil & gas infrastructure is further anticipated to fuel the demand for lightweight closed die forged components for use in various structures in the coming years. As per the National Institute of Standards and Technology (NIST), the manufacturing industry in the US was valued at US$ 2.9 trillion and registered ~10.0% share of the total US GDP in 2024. In terms of manufacturing machinery and equipment, the US is the second-largest country in the world. The US is one of the leading manufacturers of automobiles in the world. As per the insights from the International Organization of Motor Vehicle Manufacturers (OICA), passenger car production in North America increased by ~2% from 2021 to 2024, with 2.60 million units produced in 2024 from 2.56 million units in 2021. Mexico experienced significant growth in passenger car sales in North America, with sales rising from nearly 0.52 million units in 2021 to approximately 0.64 million units in 2024. Such a rise in the production of passenger vehicles in the region drives market growth.
Upto 10 kg Closed Die Forging Market Report Scope
Upto 10 kg Closed Die Forging Market News and Recent Developments
The upto 10 kg closed die forging market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the key developments in the upto 10 kg closed die forging market are listed below:
- Ramkrishna Forgings Limited (“the Company”), one of the leading suppliers of rolled, forged, and machined products, has received board approval for setting up an aluminum forging facility at Jamshedpur. (Source: Ramkrishna Forgings Limited, Press Release, September 2024)
- Happy Forgings Limited (HFL), a leading manufacturer of complex, safety-critical forged and precision-machined components in India, announced the receipt of an order for supplying crankshafts for the passenger vehicle segment. (Source: Happy Forgings Limited, Press Release, December 2024)
Upto 10 kg Closed Die Forging Market Report Coverage and Deliverables
The "Upto 10 kg Closed Die Forging Market Size and Forecast (2025–2031)" provides a detailed analysis of the market covering the areas mentioned below:
- Upto 10 kg closed die forging market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Upto 10 kg closed die forging market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Upto 10 kg closed die forging market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the upto 10 kg closed die forging market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Asia Pacific held the largest market share in 2024, followed by MEA and Asia Pacific.
The upto 10 kg closed die forging market is expected to reach US$ 13.93 billion in the year 2031.
Adoption of Sustainable and Recyclable Forging Materials is the future trends of the upto 10 kg closed die forging market.
The key players, holding majority shares, in upto 10 kg closed die forging market includes Isler India; Aequs Pvt Ltd.; M M Forgings Limited; NEXUS ENGITECH; SIDERFORGEROSSI GROUP S.p.A.; FORLAM group; Palmieri Group; Trojan Manufacturing, Forging and Automotive (TMFA); Poppi Ugo Euroforge S.p.A.; KEMS FORGINGS LTD.; FIXIN Manufacturing Technology Pvt Ltd; Kalyani Forge Ltd.; Cie Automotive SA; Sunstar Precision Forge Limited; Kross Limited; Poona Forge Private Limited; Sadhu Group; Pradeep Metals Limited; Ramkrishna Forgings Ltd; Sundaram Forgings; Happy Forgings; Rasche Umformtechnik GmbH & Co. KG; CFS Machinery Co. Ltd; Western India Forgings Pvt. Ltd.; and. Caparo India.
Increasing Demand from Aerospace and Defense Sectors, Growing Inclination of Automotive Manufacturers Toward Lightweight Components, and Rising Development in Oil & Gas and Heavy Machinery Sectors are the driving factors impacting the upto 10 kg closed die forging market.
The upto 10 kg closed die forging market was valued at US$ 9.31billion in 2024 and is projected to reach US$ 13.93 billion by 2031; it is expected to grow at a CAGR of 6.1% during 2025–2031.
The List of Companies – Upto 10 Kg Closed Die Forging Market
- Isler India
- Aequs Pvt Ltd.
- M M Forgings Limited
- NEXUS ENGITECH
- SIDERFORGEROSSI GROUP S.p.A.
- FORLAM group
- Palmieri Group
- Trojan Manufacturing
- Forging and Automotive (TMFA)
- Poppi Ugo Euroforge S.p.A.
- KEMS FORGINGS LTD.
- FIXIN Manufacturing Technology Pvt Ltd
- Kalyani Forge Ltd.
- Cie Automotive SA
- Sunstar Precision Forge Limited
- Kross Limited
- Poona Forge Private Limited
- Sadhu Group
- Pradeep Metals Limited
- Ramkrishna Forgings Ltd
- Sundaram Forgings;
- Happy Forgings
- Rasche Umformtechnik GmbH & Co. KG
- CFS Machinery Co. Ltd;
- Western India Forgings Pvt. Ltd.
- Caparo India
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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