Metal Stampings, Forgings, and Castings Market to Reach USD 901.2 Billion by 2035 — Growth Surges in Asia-Pacific, North America, Europe, and India Fueled by EV Boom and Aerospace Innovation

The global metal stampings, forgings, and castings market is poised for robust expansion through 2035, propelled by electric vehicle (EV) adoption, aerospace advancements, and industrial automation. According to Future Market Insights (FMI), the market is valued at USD 522.5 billion in 2025 and is projected to hit USD 901.2 billion by 2035, growing at a compound annual growth rate (CAGR) of 5.6%.

The FMI report, “Metal Stampings, Forgings, and Castings Market Size, Share, and Forecast 2025–2035,” reveals an incremental revenue opportunity of nearly USD 378.7 billion over the decade, driven by demand for lightweight, high-strength components in automotive, aerospace, and renewable energy sectors.

A Decade of Growth Anchored by Lightweight Alloys and Automation:

The shift toward high-performance alloys, robotic forging, and additive manufacturing integration is transforming production efficiency. From 2025 to 2030, the market is expected to add USD 178.4 billion, led by EV structural components and defense applications. Between 2030 and 2035, FMI anticipates another USD 200.3 billion in growth, supported by AI-driven quality control, green processing, and net-zero initiatives.

“Precision forgings and castings are critical for lightweighting without compromising durability,” noted an FMI research analyst. “Automation and digital twins are minimizing waste while meeting stricter ESG standards across global supply chains.”

Metal Stampings, Forgings, and Castings Key Market Insights at a Glance:

Metric- Global Estimate 

Market Value (2025)- USD 522.5 billion 

Forecast Value (2035)- USD 901.2 billion 

CAGR- 5.6% 

Top Product- Forgings (48% share) 

Dominant End-Use- Automotive (43% share) 

Fastest-Growing Region- Asia-Pacific (industrialization-driven)

India: A High-Growth Hub in Metal Stampings, Forgings, and Castings:

India emerges as a pivotal player in the Asia-Pacific dominance, benefiting from infrastructure boom, Make in India incentives, and EV manufacturing investments. The country contributes significantly to regional growth, with local production of high-strength steel and aluminum components supporting automotive and heavy machinery sectors. Government-backed foreign investments in metal processing plants are accelerating capacity expansion and technology adoption.

Metal Stampings, Forgings, and Castings Five Forces Driving Market Expansion:

EV Structural Demand: Lightweight forgings reduce vehicle weight by up to 30%, boosting range and efficiency. 

Aerospace Precision: Titanium and superalloy castings support next-gen engines and space modules. 

Automation Surge: Robotic stamping lines enhance accuracy and cut production costs by 15-20%. 

Sustainability Push: Closed-loop recycling and low-emission forging align with carbon-neutral goals. 

Supply Chain Resilience: Localized sourcing of recycled metals mitigates raw material volatility.

Metal Stampings, Forgings, and Castings Market Segment Overview:

By Product Type: Forgings dominate with 48% revenue share in 2025, prized for strength in heavy-duty applications like wind turbines and defense gear. 

By End-Use Industry: Automotive leads at 43%, fueled by EV battery enclosures, chassis, and powertrain parts from high-strength steel and aluminum. 

By Material: Steel and aluminum drive demand, with specialty alloys gaining in aerospace. 

By Application: Automotive and aerospace top the list, followed by construction and industrial machinery.

Metal Stampings, Forgings, and Castings Market Regional Overview:

North America: Expansion at 5.9% CAGR (USA leads), backed by defense spending and EV subsidies. 

Europe: From USD values growing at 5.6% CAGR (EU), with Germany and UK focusing on green tech and wind components. 

Asia Pacific: Fastest regional growth, led by China, India, Japan (5.8% CAGR), and South Korea (5.3% CAGR) via shipbuilding and electronics. 

Middle East & Africa: Infrastructure and oil & gas projects spur adoption.

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Metal Stampings, Forgings, and Castings Market Competitive Landscape:

* Precision Castparts Corp. 

* Bharat Forge Limited 

* Howmet Aerospace 

* Thyssenkrupp AG 

* Ryerson Holding Corporation 

Top players hold 66-92% combined share, with Precision Castparts at 24-28% via titanium expertise. Recent moves include Bharat Forge's AI forging simulations (2025) and Howmet's low-drag titanium brackets for airlines.

Metal Stampings, Forgings, and Castings Market Outlook: Forging a Sustainable Future:

Over the forecast period, the market will prioritize hybrid manufacturing, shape-memory alloys, and IoT-enabled defect detection. As industries embrace circular economies and ultra-precise components, leaders integrating AI, 3D printing, and recycled materials will capture emerging opportunities in renewables, medical implants, and smart infrastructure.

“Metal forming is evolving into a data-driven, eco-conscious ecosystem,” the FMI analyst concluded. “Companies mastering high-strength, low-waste processes will power the next era of transportation and energy innovation.”

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