Forgings grows at 6.64% across the forecast period, and each year it takes a little more of the market from stampings.
Contrive Datum Insights has published "Metal Stampings Forgings And Castings Market Size, Share & Industry Analysis, By Product type (Stampings, Forgings, Castings), Process (Blanking, Bending, Coining, Flanging, Embossing), Application (Automotive & Construction, Industrial Machinery, Consumer Electronics, Aerospace, Electrical & Electronics, Telecommunications, Building & Construction, Other Applications), Material (Steel, Aluminium, Copper, Other Materials), Press (Mechanical Press, Hydraulic Press, Servo Press), and Regional Forecast, 2026-2034". The study sizes the global market at USD 312 billion in 2025, with USD 323.5 billion in 2026 and USD 496.5 billion by 2034, a compound annual growth rate of 5.5%.
Forgings Pull Ahead
Within product type, forgings is the line to watch. Its share of revenue moves from 20% to 22% over the period, and its value climbs from USD 62.4 billion to USD 109.2 billion. The gain comes at the expense of stampings, whose share eases from 45% in 2025 to 44% in 2034.
The study ties the pace to automotive lightweighting and EV structural component demand, the largest single contributor to growth, rated high in impact. Buyers building EV platforms and aerospace structures want forged shafts, gears and load-bearing parts, and those orders reach forgings first. The same pattern shows in the other axes. Aluminium grows fastest among materials at 6.87%, Aerospace leads application growth at 6.67%, and Servo Press expands at 9.87%, the quickest of any press type. Steel still carries 62% of 2025 revenue, and Mechanical Press holds 55%.
Scenario work frames the range. Faster EV platform conversion and higher aerospace build rates would lift 2034 revenue to USD 546.2 billion. Prolonged raw material price volatility and delayed capital equipment spending would hold it to USD 451.8 billion.
Regions and the Counterweight
Asia Pacific leads with 43% of 2025 revenue, or USD 134.2 billion, and its share rises to 46.5% by 2034 as revenue reaches USD 230.9 billion. China is the largest single country market at USD 72 billion in 2025, 23.1% of global revenue. Middle East and Africa remains the smallest region throughout, at 6% in both 2025 and 2034.
Stampings is the counterweight. At USD 140.4 billion it is the largest product type in 2025 and stays the largest through 2034, yet it grows at 5.23%, a step under the market's 5.5%. Blanking leads process revenue with 30% of the 2025 total at USD 93.6 billion, while Coining grows fastest at 6.05%. Automotive & Construction is the largest application at 38%, or USD 118.6 billion, and Aerospace is the one gaining on it fastest.
The report segments the market across five axes, with revenue and a growth rate for every line in every year from 2020 to 2034, alongside bear, base and bull scenarios for the headline total. It covers all five regions with country-level breakdowns, the competitive landscape, and the research methodology behind every estimate. Delivered as a PDF; a free sample is available on request.