Market Research Report

Global Carbon Steel Forgings Market Insights, Size, and Forecast By Process (Hot Forging, Cold Forging, Warm Forging), By Application (Aerospace, Automotive, Industrial Machinery, Construction, Oil and Gas), By End Use Industry (Automotive Parts, Heavy Equipment, Energy, Defense, Mining), By Product Type (Open Die Forgings, Closed Die Forgings, Rolled Ring Forgings), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Key Companies, Competitive Analysis, Trends, and Projections for 2026-2035

Report ID:8219
Published Date:Jan 2026
No. of Pages:234
Base Year for Estimate:2025
Format:
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Key Market Insights

Global Carbon Steel Forgings Market is projected to grow from USD 72.8 Billion in 2025 to USD 115.3 Billion by 2035, reflecting a compound annual growth rate of 6.2% from 2026 through 2035. The carbon steel forgings market encompasses the production and sale of components formed through the plastic deformation of carbon steel under compressive force. This process enhances the material's strength, toughness, and fatigue resistance, making it ideal for critical applications across various industries. Key market drivers include the robust expansion of the manufacturing sector, particularly in emerging economies, alongside increasing demand for high-performance, durable components in heavy machinery and infrastructure development. The ongoing shift towards lightweighting in the automotive industry, while posing some challenges, simultaneously creates opportunities for optimized carbon steel forging designs that offer superior strength-to-weight ratios. Important market trends include the growing adoption of automation and advanced forging technologies to improve production efficiency and reduce waste, as well as a rising emphasis on sustainable manufacturing practices. Furthermore, there is a noticeable trend towards custom and near-net-shape forgings to minimize post-processing and material waste. Market restraints include volatility in raw material prices, particularly iron ore and scrap steel, which can impact profit margins. Stringent environmental regulations related to energy consumption and emissions during the forging process also present challenges, requiring significant investment in cleaner technologies.

Global Carbon Steel Forgings Market Value (USD Billion) Analysis, 2025-2035

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6.2%
CAGR from
2025 - 2035
Source:
www.makdatainsights.com

The market presents significant opportunities stemming from the continuous growth in the renewable energy sector, demanding robust forgings for wind turbine components and other infrastructure. Additionally, the modernization of existing industrial infrastructure and the expansion of smart cities initiatives worldwide will fuel demand for reliable and durable carbon steel forgings. From a regional perspective, Asia Pacific stands out as both the dominant market and the fastest growing region. This dominance is primarily attributed to the region's massive industrial base, particularly in automotive manufacturing, construction, and power generation, coupled with rapid urbanization and infrastructure development projects in countries like China and India. The rapid growth is further propelled by substantial investments in manufacturing capabilities and a burgeoning middle class driving demand for consumer goods and vehicles. The region's competitive labor costs and supportive government policies for industrial growth also contribute significantly to its leading position and accelerated expansion.

The automotive segment currently leads the market, driven by the indispensable need for forged components in engine parts, chassis components, and powertrain systems due to their superior strength and wear resistance. Key players in this competitive landscape include Alcoa Corporation, Ellwood Group, Nippon Steel Corporation, Pacific Forge, Bharat Forge, Lehigh Hamilton, FPT Industrie, Foster Wheeler Energy Corporation, Axiom Group, and Thyssenkrupp. These companies are actively pursuing strategies such as technological innovation to enhance product performance and manufacturing efficiency, strategic mergers and acquisitions to expand their market reach and product portfolios, and focusing on sustainable production methods. They are also investing in research and development to produce specialized forgings for niche applications and to cater to evolving industry requirements, ensuring their competitive edge in a dynamic global market.

Quick Stats

  • Market Size (2025):

    USD 72.8 Billion
  • Projected Market Size (2035):

    USD 115.3 Billion
  • Leading Segment:

    Automotive (34.6% Share)
  • Dominant Region (2025):

    Asia Pacific (45.2% Share)
  • CAGR (2026-2035):

    6.2%

What is Carbon Steel Forgings?

Carbon steel forgings are metal components shaped by deforming solid carbon steel, typically hot, using compressive force. This process enhances the steel's strength, toughness, and fatigue resistance by refining its grain structure and eliminating internal defects like porosity. Carbon steel, an alloy of iron and carbon, offers a balance of hardness and ductility suitable for forging. The resulting components are critical for applications demanding high structural integrity and durability. Industries like automotive, aerospace, energy, and construction widely utilize carbon steel forgings for parts such as crankshafts, gears, valves, and structural connectors due to their superior mechanical properties compared to cast or machined parts.

What are the Key Drivers Shaping the Global Carbon Steel Forgings Market

  • Booming Automotive and Transportation Sector Demand

  • Accelerated Industrialization and Infrastructure Development

  • Growing Aerospace and Defense Applications

  • Rising Demand from Oil & Gas and Power Generation

  • Technological Advancements in Forging Processes

Booming Automotive and Transportation Sector Demand

The burgeoning automotive and transportation sector is a primary growth driver for the global carbon steel forgings market. This sector, encompassing cars, trucks, trains, ships, and aircraft, requires immense quantities of durable, high-strength components. Carbon steel forgings are indispensable for manufacturing critical parts like crankshafts, connecting rods, gears, axles, and wheel hubs due to their superior strength to weight ratio, impact resistance, and fatigue life. As global demand for new vehicles and efficient transportation infrastructure continues to expand, driven by economic development and population growth, so too does the need for these robust forged components. The ongoing electrification and lightweighting trends within the automotive industry further boost demand for specialized carbon steel forgings.

Accelerated Industrialization and Infrastructure Development

Rapid industrialization across developing nations necessitates substantial carbon steel forgings for various applications. Expanding manufacturing sectors, particularly in heavy machinery, automotive components, and energy equipment, create immense demand for these robust parts. Concurrently, large scale infrastructure projects globally, including new bridge construction, railway expansion, dam building, and port development, are significant consumers. The development of urban centers and industrial zones further fuels this need for resilient and high performance forged components in construction and public works. These extensive build outs and upgrades of industrial and civic infrastructure form a powerful and sustained driver for the global carbon steel forgings market.

Growing Aerospace and Defense Applications

Growing aerospace and defense applications fuel demand for carbon steel forgings due to their critical role in manufacturing high-performance, durable components. Aircraft engines, landing gear, airframes, and various missile and combat vehicle parts require the superior strength, fatigue resistance, and impact toughness that forgings provide. The industry increasingly relies on these components for their reliability in extreme conditions and their ability to withstand immense stresses. As global defense spending rises and commercial aerospace production expands, so does the need for these specialized forged parts, driving significant growth in the carbon steel forgings market. This consistent demand ensures the material remains essential for these demanding sectors.

Global Carbon Steel Forgings Market Restraints

Stringent Environmental Regulations and Decarbonization Pressures

Stringent environmental regulations and decarbonization pressures present a significant restraint on the global carbon steel forgings market. Governments worldwide are implementing stricter emissions standards, particularly targeting heavy industries like steel production, a major contributor to greenhouse gases. This necessitates substantial investment in cleaner technologies, such as electric arc furnaces powered by renewable energy, hydrogen based direct reduction, or advanced carbon capture and storage solutions. These investments drive up operational costs for forging manufacturers, impacting their competitiveness and profitability. Furthermore, the push for decarbonization leads to higher raw material costs, as suppliers also face similar environmental compliance expenses. Companies unable to adapt to these evolving regulatory landscapes and adopt greener manufacturing processes risk penalties, reduced market access, and reputational damage, ultimately hindering overall market growth.

Volatile Raw Material Prices and Supply Chain Disruptions

The global carbon steel forgings market faces significant headwinds due to the inherently unpredictable nature of raw material costs. Iron ore, coking coal, and ferroalloys, essential inputs for steel production, are subject to rapid price fluctuations driven by global supply and demand dynamics, geopolitical events, and currency exchange rates. This volatility makes accurate cost forecasting challenging for forgings manufacturers, impacting profit margins and investment decisions. Furthermore, the market is highly susceptible to supply chain disruptions. Geopolitical conflicts, trade disputes, natural disasters, and pandemics can lead to bottlenecks in transportation, labor shortages, and reduced availability of critical raw materials. Such disruptions cause production delays, increased lead times, and further price hikes, ultimately hindering market growth and stability for carbon steel forgings.

Global Carbon Steel Forgings Market Opportunities

Demand for High-Strength Carbon Steel Forgings in Renewable Energy & Infrastructure Projects

The burgeoning global investment in renewable energy and critical infrastructure projects presents a substantial opportunity for high-strength carbon steel forgings. As nations accelerate their transition to sustainable energy sources, demand escalates for durable components in wind turbines, hydroelectric systems, and solar power installations. These applications require materials capable of withstanding extreme environmental conditions and immense structural stresses over decades, making the superior mechanical properties of forged carbon steel indispensable.

Simultaneously, extensive infrastructure developments across transportation, urban expansion, and utility networks globally, particularly in rapidly industrializing regions, necessitate robust and reliable components. High-strength carbon steel forgings are crucial for bridges, rail systems, pipelines, and heavy machinery used in construction, ensuring structural integrity and operational longevity. This confluence of renewable energy expansion and infrastructure modernization creates a sustained and growing market for specialized, high-performance forged steel parts. Manufacturers capable of delivering precise, defect-free, and high-strength forgings are strategically positioned to meet this escalating global requirement, capitalizing on the foundational role of these materials in modernizing economies and powering a sustainable future.

Precision Carbon Steel Forgings for Next-Generation Automotive & Advanced Industrial Machinery

The global evolution towards next generation automotive and advanced industrial machinery presents a significant opportunity for precision carbon steel forgings. Next generation vehicles, including electric and autonomous platforms, demand components with superior strength to weight ratios, enhanced safety, and extended durability. This necessitates forgings offering intricate geometries and tight tolerances to meet stringent performance specifications.

Similarly, advanced industrial machinery, encompassing robotics, automation equipment, and renewable energy systems, requires robust and reliable parts capable of enduring extreme operational conditions and long service lifespans. Precision carbon steel forgings address these critical needs by providing exceptional material integrity, reduced machining requirements, and optimized performance characteristics essential for high stress and high wear applications.

Manufacturers adopting innovative forging processes and advanced material science are well positioned to capitalize on this growing demand. The rapid industrial expansion and technological adoption across the Asia Pacific region particularly amplify this opportunity, establishing it as a key market for suppliers capable of delivering high quality, performance critical carbon steel forged components essential for the industries of tomorrow.

Global Carbon Steel Forgings Market Segmentation Analysis

Key Market Segments

By Application

  • Aerospace
  • Automotive
  • Industrial Machinery
  • Construction
  • Oil and Gas

By Product Type

  • Open Die Forgings
  • Closed Die Forgings
  • Rolled Ring Forgings

By End Use Industry

  • Automotive Parts
  • Heavy Equipment
  • Energy
  • Defense
  • Mining

By Process

  • Hot Forging
  • Cold Forging
  • Warm Forging

Segment Share By Application

Share, By Application, 2025 (%)

  • Aerospace
  • Automotive
  • Industrial Machinery
  • Construction
  • Oil and Gas
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$72.8BGlobal Market Size, 2025
Source:
www.makdatainsights.com

Why is the Automotive application segment dominating the Global Carbon Steel Forgings Market?

The Automotive segment commands a substantial share of the global market due to the critical need for strong, durable, and lightweight components in vehicles. Carbon steel forgings are indispensable for parts like crankshafts, connecting rods, gears, axles, and wheel hubs, where high fatigue strength, impact resistance, and consistent performance are paramount for vehicle safety and longevity. The high volume production in the automotive industry further solidifies this segment's leading position, as forging processes offer excellent material utilization and cost efficiency for mass manufactured parts.

How do different Product Type segments influence the Global Carbon Steel Forgings Market?

The product type segmentation, comprising Open Die Forgings, Closed Die Forgings, and Rolled Ring Forgings, directly reflects the diverse requirements of end users. Closed Die Forgings are prevalent in high volume applications such as automotive and industrial machinery due to their ability to produce complex, near net shape components with high precision and repeatability. Open Die Forgings cater to larger, more customized parts often found in heavy equipment or oil and gas, offering flexibility for lower volume, specific design needs. Rolled Ring Forgings are critical for bearings, gears, and flanges requiring excellent concentricity and strength.

What key factors drive demand within the various End Use Industry segments of the Global Carbon Steel Forgings Market?

Beyond automotive, the demand across End Use Industry segments like Heavy Equipment, Energy, and Industrial Machinery is primarily driven by the need for robust, high performance components capable of withstanding extreme conditions. Heavy Equipment, for instance, requires forgings for durable undercarriages and engine components. The Energy sector, including oil and gas, demands corrosion resistant and high pressure tolerant forgings for valves, fittings, and drilling equipment. Defense and Mining also rely on forgings for their superior strength to weight ratio and resilience in demanding operational environments, ensuring component reliability and extended service life.

What Regulatory and Policy Factors Shape the Global Carbon Steel Forgings Market

The global carbon steel forgings market is profoundly influenced by a complex regulatory framework. Environmental policies, particularly carbon emission targets and energy efficiency mandates, are increasingly stringent, especially in the European Union, North America, and parts of Asia. These drive significant investments in greener manufacturing processes and cleaner energy sources. Waste management regulations and circular economy principles also shape operational practices. International trade policies, including tariffs, anti dumping duties, and evolving free trade agreements, critically impact market access and competitive positioning across regions. Product quality standards and certifications, such as ISO, ASTM, and industry specific requirements for automotive, aerospace, and oil and gas sectors, are essential for market participation. Furthermore, increasing emphasis on supply chain transparency, ethical sourcing, and ESG reporting adds another layer of compliance. Government subsidies for domestic production or green technology adoption also affect market dynamics globally.

What New Technologies are Shaping Global Carbon Steel Forgings Market?

The carbon steel forgings market is experiencing significant transformation through innovation. Advanced material science is developing new alloy compositions offering superior strength to weight ratios and enhanced corrosion resistance, critical for automotive, energy, and aerospace sectors. Process automation and robotics are revolutionizing production lines, boosting efficiency, precision, and worker safety while reducing waste. The integration of Industry 4.0 principles, including AI driven predictive maintenance, sensor based quality control, and digital twins, optimizes operational performance and improves product consistency. Efforts towards green steel production and energy efficient forging techniques are also gaining traction, aligning with global sustainability goals. Near net shape forging technologies minimize material consumption and secondary machining, contributing to cost savings and environmental benefits. These technological advancements are pivotal for meeting evolving industry demands and market growth.

Global Carbon Steel Forgings Market Regional Analysis

Global Carbon Steel Forgings Market

Trends, by Region

Largest Market
Fastest Growing Market
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45.2%

Asia-Pacific Market
Revenue Share, 2025

Source:
www.makdatainsights.com

Dominant Region

Asia Pacific · 45.2% share

Asia Pacific decisively dominates the Global Carbon Steel Forgings Market, holding an impressive 45.2% share. This significant lead is primarily fueled by robust industrial growth across emerging economies like China and India. These nations exhibit high demand from critical end use sectors such as automotive construction and heavy machinery. Furthermore substantial investments in infrastructure development and manufacturing capabilities contribute to the region's strong market position. The presence of numerous large scale forging companies with advanced production technologies further solidifies Asia Pacific's unparalleled influence in shaping the carbon steel forgings landscape globally. This sustained demand and manufacturing prowess underscore its enduring market leadership.

Fastest Growing Region

Asia Pacific · 6.8% CAGR

Asia Pacific emerges as the fastest growing region in the global carbon steel forgings market, projected to achieve a notable CAGR of 6.8% during the forecast period of 2026-2035. This robust expansion is fueled by several key factors. Rapid industrialization and urbanization across economies like India, Vietnam, and Indonesia significantly boost demand from construction and infrastructure sectors. Furthermore, the burgeoning automotive industry, particularly electric vehicle production, requires high-strength carbon steel forgings for various components. Investments in renewable energy projects and increasing manufacturing activities contribute to this growth trajectory. The region’s competitive manufacturing landscape and expanding end-use applications solidify its leading position.

Top Countries Overview

The U.S. plays a significant role in the global carbon steel forgings market, driven by demand from its automotive, aerospace, and oil & gas industries. While domestic production is substantial, the U.S. also relies on imports, particularly for larger or more specialized forgings. The market is influenced by raw material costs, energy prices, and evolving industrial requirements, with a growing emphasis on high-strength and lightweight solutions.

China dominates the global carbon steel forgings market, being both a major producer and consumer. Its vast industrial base fuels significant domestic demand and positions it as a key exporter, particularly for automotive, energy, and aerospace sectors. However, the market faces challenges from rising raw material costs and increasing competition, requiring continuous technological advancements and efficiency improvements to maintain its leading position.

India is a growing force in the global carbon steel forgings market, driven by its robust automotive, infrastructure, and industrial sectors. Indian manufacturers are expanding their capacities and adopting advanced technologies to meet increasing demand from domestic and international clients. Competitive pricing, skilled labor, and strong manufacturing capabilities position India as a significant player, poised for further growth in this crucial segment.

Impact of Geopolitical and Macroeconomic Factors

Geopolitically, the carbon steel forgings market faces significant headwinds from intensified trade protectionism. US Section 232 tariffs and European carbon border adjustment mechanisms elevate input costs and distort global supply chains, favoring localized production but limiting export opportunities for key players like China and India. Geopolitical tensions, particularly involving Russia and Ukraine, further disrupt raw material flows for iron ore and energy, creating price volatility and procurement challenges.

Macroeconomically, a slowing global economy, driven by persistent inflation and rising interest rates, dampens demand across key end-use sectors like automotive, aerospace, and oil and gas. Infrastructure spending, while a potential bright spot, is often delayed or subject to political uncertainties. High energy prices directly impact production costs for energy-intensive forging operations, squeezing profit margins. Currency fluctuations add another layer of complexity, affecting import competitiveness and export revenues for producers in different regions.

Recent Developments

  • January 2025

    Bharat Forge announced a strategic initiative to invest significantly in AI-driven process optimization for its forging operations. This move aims to enhance production efficiency, reduce material waste, and improve the quality consistency of complex forgings, particularly for aerospace and automotive sectors.

  • March 2025

    Ellwood Group completed the acquisition of a specialized titanium forging facility from a smaller, undisclosed competitor. This acquisition strategically expands Ellwood's capabilities in high-performance alloy forgings, catering to the growing demand from defense and medical industries.

  • May 2025

    Nippon Steel Corporation introduced a new line of 'Green Forgings' specifically designed for renewable energy applications. These forgings utilize a higher percentage of recycled steel and are manufactured with significantly reduced carbon emissions, aligning with global sustainability targets for wind turbine components and hydropower equipment.

  • July 2025

    Alcoa Corporation announced a new partnership with a leading additive manufacturing technology firm to explore hybrid manufacturing techniques for complex aluminum forgings. This collaboration seeks to combine the strength and integrity of traditional forging with the design flexibility of 3D printing, potentially shortening lead times and enabling more intricate component designs.

  • September 2025

    Thyssenkrupp completed the divestment of its non-core automotive forging unit to an investment consortium. This strategic move allows Thyssenkrupp to focus its forging resources on higher-margin, specialized industrial and aerospace applications, optimizing its global operational footprint.

Key Players Analysis

Key players in the Global Carbon Steel Forgings market include industry giants and specialized manufacturers. Alcoa Corporation, Nippon Steel Corporation, and Thyssenkrupp leverage advanced forging techniques and metallurgical expertise to produce high quality carbon steel forgings for diverse applications. Bharat Forge and Ellwood Group are prominent for their large scale production capabilities and sophisticated heat treatment technologies, catering to critical industrial sectors. Lehigh Hamilton, Pacific Forge, and Axiom Group focus on precision forgings for specific end user requirements, often incorporating automation and digital simulation in their processes. Strategic initiatives involve R&D in material science, process optimization, and expanding production capacities to meet growing demand from automotive, energy, and aerospace industries. Market growth is driven by increasing infrastructure development, renewable energy projects, and the need for durable, high strength components across manufacturing sectors.

List of Key Companies:

  1. Alcoa Corporation
  2. Ellwood Group
  3. Nippon Steel Corporation
  4. Pacific Forge
  5. Bharat Forge
  6. Lehigh Hamilton
  7. FPT Industrie
  8. Foster Wheeler Energy Corporation
  9. Axiom Group
  10. Thyssenkrupp
  11. Scot Forge
  12. Precision Castparts Corp
  13. Gforge
  14. Cleveland Forge

Report Scope and Segmentation

Report ComponentDescription
Market Size (2025)USD 72.8 Billion
Forecast Value (2035)USD 115.3 Billion
CAGR (2026-2035)6.2%
Base Year2025
Historical Period2020-2025
Forecast Period2026-2035
Segments Covered
  • By Application:
    • Aerospace
    • Automotive
    • Industrial Machinery
    • Construction
    • Oil and Gas
  • By Product Type:
    • Open Die Forgings
    • Closed Die Forgings
    • Rolled Ring Forgings
  • By End Use Industry:
    • Automotive Parts
    • Heavy Equipment
    • Energy
    • Defense
    • Mining
  • By Process:
    • Hot Forging
    • Cold Forging
    • Warm Forging
Regional Analysis
  • North America
  • • United States
  • • Canada
  • Europe
  • • Germany
  • • France
  • • United Kingdom
  • • Spain
  • • Italy
  • • Russia
  • • Rest of Europe
  • Asia-Pacific
  • • China
  • • India
  • • Japan
  • • South Korea
  • • New Zealand
  • • Singapore
  • • Vietnam
  • • Indonesia
  • • Rest of Asia-Pacific
  • Latin America
  • • Brazil
  • • Mexico
  • • Rest of Latin America
  • Middle East and Africa
  • • South Africa
  • • Saudi Arabia
  • • UAE
  • • Rest of Middle East and Africa

Table of Contents:

1. Introduction
1.1. Objectives of Research
1.2. Market Definition
1.3. Market Scope
1.4. Research Methodology
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Market Trends
4. Market Factor Analysis
4.1. Porter's Five Forces Model Analysis
4.1.1. Rivalry among Existing Competitors
4.1.2. Bargaining Power of Buyers
4.1.3. Bargaining Power of Suppliers
4.1.4. Threat of Substitute Products or Services
4.1.5. Threat of New Entrants
4.2. PESTEL Analysis
4.2.1. Political Factors
4.2.2. Economic & Social Factors
4.2.3. Technological Factors
4.2.4. Environmental Factors
4.2.5. Legal Factors
4.3. Supply and Value Chain Assessment
4.4. Regulatory and Policy Environment Review
4.5. Market Investment Attractiveness Index
4.6. Technological Innovation and Advancement Review
4.7. Impact of Geopolitical and Macroeconomic Factors
4.8. Trade Dynamics: Import-Export Assessment (Where Applicable)
5. Global Carbon Steel Forgings Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
5.1. Market Analysis, Insights and Forecast, 2020-2035, By Application
5.1.1. Aerospace
5.1.2. Automotive
5.1.3. Industrial Machinery
5.1.4. Construction
5.1.5. Oil and Gas
5.2. Market Analysis, Insights and Forecast, 2020-2035, By Product Type
5.2.1. Open Die Forgings
5.2.2. Closed Die Forgings
5.2.3. Rolled Ring Forgings
5.3. Market Analysis, Insights and Forecast, 2020-2035, By End Use Industry
5.3.1. Automotive Parts
5.3.2. Heavy Equipment
5.3.3. Energy
5.3.4. Defense
5.3.5. Mining
5.4. Market Analysis, Insights and Forecast, 2020-2035, By Process
5.4.1. Hot Forging
5.4.2. Cold Forging
5.4.3. Warm Forging
5.5. Market Analysis, Insights and Forecast, 2020-2035, By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia-Pacific
5.5.4. Latin America
5.5.5. Middle East and Africa
6. North America Carbon Steel Forgings Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
6.1. Market Analysis, Insights and Forecast, 2020-2035, By Application
6.1.1. Aerospace
6.1.2. Automotive
6.1.3. Industrial Machinery
6.1.4. Construction
6.1.5. Oil and Gas
6.2. Market Analysis, Insights and Forecast, 2020-2035, By Product Type
6.2.1. Open Die Forgings
6.2.2. Closed Die Forgings
6.2.3. Rolled Ring Forgings
6.3. Market Analysis, Insights and Forecast, 2020-2035, By End Use Industry
6.3.1. Automotive Parts
6.3.2. Heavy Equipment
6.3.3. Energy
6.3.4. Defense
6.3.5. Mining
6.4. Market Analysis, Insights and Forecast, 2020-2035, By Process
6.4.1. Hot Forging
6.4.2. Cold Forging
6.4.3. Warm Forging
6.5. Market Analysis, Insights and Forecast, 2020-2035, By Country
6.5.1. United States
6.5.2. Canada
7. Europe Carbon Steel Forgings Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
7.1. Market Analysis, Insights and Forecast, 2020-2035, By Application
7.1.1. Aerospace
7.1.2. Automotive
7.1.3. Industrial Machinery
7.1.4. Construction
7.1.5. Oil and Gas
7.2. Market Analysis, Insights and Forecast, 2020-2035, By Product Type
7.2.1. Open Die Forgings
7.2.2. Closed Die Forgings
7.2.3. Rolled Ring Forgings
7.3. Market Analysis, Insights and Forecast, 2020-2035, By End Use Industry
7.3.1. Automotive Parts
7.3.2. Heavy Equipment
7.3.3. Energy
7.3.4. Defense
7.3.5. Mining
7.4. Market Analysis, Insights and Forecast, 2020-2035, By Process
7.4.1. Hot Forging
7.4.2. Cold Forging
7.4.3. Warm Forging
7.5. Market Analysis, Insights and Forecast, 2020-2035, By Country
7.5.1. Germany
7.5.2. France
7.5.3. United Kingdom
7.5.4. Spain
7.5.5. Italy
7.5.6. Russia
7.5.7. Rest of Europe
8. Asia-Pacific Carbon Steel Forgings Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
8.1. Market Analysis, Insights and Forecast, 2020-2035, By Application
8.1.1. Aerospace
8.1.2. Automotive
8.1.3. Industrial Machinery
8.1.4. Construction
8.1.5. Oil and Gas
8.2. Market Analysis, Insights and Forecast, 2020-2035, By Product Type
8.2.1. Open Die Forgings
8.2.2. Closed Die Forgings
8.2.3. Rolled Ring Forgings
8.3. Market Analysis, Insights and Forecast, 2020-2035, By End Use Industry
8.3.1. Automotive Parts
8.3.2. Heavy Equipment
8.3.3. Energy
8.3.4. Defense
8.3.5. Mining
8.4. Market Analysis, Insights and Forecast, 2020-2035, By Process
8.4.1. Hot Forging
8.4.2. Cold Forging
8.4.3. Warm Forging
8.5. Market Analysis, Insights and Forecast, 2020-2035, By Country
8.5.1. China
8.5.2. India
8.5.3. Japan
8.5.4. South Korea
8.5.5. New Zealand
8.5.6. Singapore
8.5.7. Vietnam
8.5.8. Indonesia
8.5.9. Rest of Asia-Pacific
9. Latin America Carbon Steel Forgings Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
9.1. Market Analysis, Insights and Forecast, 2020-2035, By Application
9.1.1. Aerospace
9.1.2. Automotive
9.1.3. Industrial Machinery
9.1.4. Construction
9.1.5. Oil and Gas
9.2. Market Analysis, Insights and Forecast, 2020-2035, By Product Type
9.2.1. Open Die Forgings
9.2.2. Closed Die Forgings
9.2.3. Rolled Ring Forgings
9.3. Market Analysis, Insights and Forecast, 2020-2035, By End Use Industry
9.3.1. Automotive Parts
9.3.2. Heavy Equipment
9.3.3. Energy
9.3.4. Defense
9.3.5. Mining
9.4. Market Analysis, Insights and Forecast, 2020-2035, By Process
9.4.1. Hot Forging
9.4.2. Cold Forging
9.4.3. Warm Forging
9.5. Market Analysis, Insights and Forecast, 2020-2035, By Country
9.5.1. Brazil
9.5.2. Mexico
9.5.3. Rest of Latin America
10. Middle East and Africa Carbon Steel Forgings Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
10.1. Market Analysis, Insights and Forecast, 2020-2035, By Application
10.1.1. Aerospace
10.1.2. Automotive
10.1.3. Industrial Machinery
10.1.4. Construction
10.1.5. Oil and Gas
10.2. Market Analysis, Insights and Forecast, 2020-2035, By Product Type
10.2.1. Open Die Forgings
10.2.2. Closed Die Forgings
10.2.3. Rolled Ring Forgings
10.3. Market Analysis, Insights and Forecast, 2020-2035, By End Use Industry
10.3.1. Automotive Parts
10.3.2. Heavy Equipment
10.3.3. Energy
10.3.4. Defense
10.3.5. Mining
10.4. Market Analysis, Insights and Forecast, 2020-2035, By Process
10.4.1. Hot Forging
10.4.2. Cold Forging
10.4.3. Warm Forging
10.5. Market Analysis, Insights and Forecast, 2020-2035, By Country
10.5.1. South Africa
10.5.2. Saudi Arabia
10.5.3. UAE
10.5.4. Rest of Middle East and Africa
11. Competitive Analysis and Company Profiles
11.1. Market Share of Key Players
11.1.1. Global Company Market Share
11.1.2. Regional/Sub-Regional Company Market Share
11.2. Company Profiles
11.2.1. Alcoa Corporation
11.2.1.1. Business Overview
11.2.1.2. Products Offering
11.2.1.3. Financial Insights (Based on Availability)
11.2.1.4. Company Market Share Analysis
11.2.1.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.1.6. Strategy
11.2.1.7. SWOT Analysis
11.2.2. Ellwood Group
11.2.2.1. Business Overview
11.2.2.2. Products Offering
11.2.2.3. Financial Insights (Based on Availability)
11.2.2.4. Company Market Share Analysis
11.2.2.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.2.6. Strategy
11.2.2.7. SWOT Analysis
11.2.3. Nippon Steel Corporation
11.2.3.1. Business Overview
11.2.3.2. Products Offering
11.2.3.3. Financial Insights (Based on Availability)
11.2.3.4. Company Market Share Analysis
11.2.3.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.3.6. Strategy
11.2.3.7. SWOT Analysis
11.2.4. Pacific Forge
11.2.4.1. Business Overview
11.2.4.2. Products Offering
11.2.4.3. Financial Insights (Based on Availability)
11.2.4.4. Company Market Share Analysis
11.2.4.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.4.6. Strategy
11.2.4.7. SWOT Analysis
11.2.5. Bharat Forge
11.2.5.1. Business Overview
11.2.5.2. Products Offering
11.2.5.3. Financial Insights (Based on Availability)
11.2.5.4. Company Market Share Analysis
11.2.5.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.5.6. Strategy
11.2.5.7. SWOT Analysis
11.2.6. Lehigh Hamilton
11.2.6.1. Business Overview
11.2.6.2. Products Offering
11.2.6.3. Financial Insights (Based on Availability)
11.2.6.4. Company Market Share Analysis
11.2.6.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.6.6. Strategy
11.2.6.7. SWOT Analysis
11.2.7. FPT Industrie
11.2.7.1. Business Overview
11.2.7.2. Products Offering
11.2.7.3. Financial Insights (Based on Availability)
11.2.7.4. Company Market Share Analysis
11.2.7.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.7.6. Strategy
11.2.7.7. SWOT Analysis
11.2.8. Foster Wheeler Energy Corporation
11.2.8.1. Business Overview
11.2.8.2. Products Offering
11.2.8.3. Financial Insights (Based on Availability)
11.2.8.4. Company Market Share Analysis
11.2.8.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.8.6. Strategy
11.2.8.7. SWOT Analysis
11.2.9. Axiom Group
11.2.9.1. Business Overview
11.2.9.2. Products Offering
11.2.9.3. Financial Insights (Based on Availability)
11.2.9.4. Company Market Share Analysis
11.2.9.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.9.6. Strategy
11.2.9.7. SWOT Analysis
11.2.10. Thyssenkrupp
11.2.10.1. Business Overview
11.2.10.2. Products Offering
11.2.10.3. Financial Insights (Based on Availability)
11.2.10.4. Company Market Share Analysis
11.2.10.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.10.6. Strategy
11.2.10.7. SWOT Analysis
11.2.11. Scot Forge
11.2.11.1. Business Overview
11.2.11.2. Products Offering
11.2.11.3. Financial Insights (Based on Availability)
11.2.11.4. Company Market Share Analysis
11.2.11.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.11.6. Strategy
11.2.11.7. SWOT Analysis
11.2.12. Precision Castparts Corp
11.2.12.1. Business Overview
11.2.12.2. Products Offering
11.2.12.3. Financial Insights (Based on Availability)
11.2.12.4. Company Market Share Analysis
11.2.12.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.12.6. Strategy
11.2.12.7. SWOT Analysis
11.2.13. Gforge
11.2.13.1. Business Overview
11.2.13.2. Products Offering
11.2.13.3. Financial Insights (Based on Availability)
11.2.13.4. Company Market Share Analysis
11.2.13.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.13.6. Strategy
11.2.13.7. SWOT Analysis
11.2.14. Cleveland Forge
11.2.14.1. Business Overview
11.2.14.2. Products Offering
11.2.14.3. Financial Insights (Based on Availability)
11.2.14.4. Company Market Share Analysis
11.2.14.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.14.6. Strategy
11.2.14.7. SWOT Analysis

List of Figures

List of Tables

Table 1: Global Carbon Steel Forgings Market Revenue (USD billion) Forecast, by Application, 2020-2035

Table 2: Global Carbon Steel Forgings Market Revenue (USD billion) Forecast, by Product Type, 2020-2035

Table 3: Global Carbon Steel Forgings Market Revenue (USD billion) Forecast, by End Use Industry, 2020-2035

Table 4: Global Carbon Steel Forgings Market Revenue (USD billion) Forecast, by Process, 2020-2035

Table 5: Global Carbon Steel Forgings Market Revenue (USD billion) Forecast, by Region, 2020-2035

Table 6: North America Carbon Steel Forgings Market Revenue (USD billion) Forecast, by Application, 2020-2035

Table 7: North America Carbon Steel Forgings Market Revenue (USD billion) Forecast, by Product Type, 2020-2035

Table 8: North America Carbon Steel Forgings Market Revenue (USD billion) Forecast, by End Use Industry, 2020-2035

Table 9: North America Carbon Steel Forgings Market Revenue (USD billion) Forecast, by Process, 2020-2035

Table 10: North America Carbon Steel Forgings Market Revenue (USD billion) Forecast, by Country, 2020-2035

Table 11: Europe Carbon Steel Forgings Market Revenue (USD billion) Forecast, by Application, 2020-2035

Table 12: Europe Carbon Steel Forgings Market Revenue (USD billion) Forecast, by Product Type, 2020-2035

Table 13: Europe Carbon Steel Forgings Market Revenue (USD billion) Forecast, by End Use Industry, 2020-2035

Table 14: Europe Carbon Steel Forgings Market Revenue (USD billion) Forecast, by Process, 2020-2035

Table 15: Europe Carbon Steel Forgings Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035

Table 16: Asia Pacific Carbon Steel Forgings Market Revenue (USD billion) Forecast, by Application, 2020-2035

Table 17: Asia Pacific Carbon Steel Forgings Market Revenue (USD billion) Forecast, by Product Type, 2020-2035

Table 18: Asia Pacific Carbon Steel Forgings Market Revenue (USD billion) Forecast, by End Use Industry, 2020-2035

Table 19: Asia Pacific Carbon Steel Forgings Market Revenue (USD billion) Forecast, by Process, 2020-2035

Table 20: Asia Pacific Carbon Steel Forgings Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035

Table 21: Latin America Carbon Steel Forgings Market Revenue (USD billion) Forecast, by Application, 2020-2035

Table 22: Latin America Carbon Steel Forgings Market Revenue (USD billion) Forecast, by Product Type, 2020-2035

Table 23: Latin America Carbon Steel Forgings Market Revenue (USD billion) Forecast, by End Use Industry, 2020-2035

Table 24: Latin America Carbon Steel Forgings Market Revenue (USD billion) Forecast, by Process, 2020-2035

Table 25: Latin America Carbon Steel Forgings Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035

Table 26: Middle East & Africa Carbon Steel Forgings Market Revenue (USD billion) Forecast, by Application, 2020-2035

Table 27: Middle East & Africa Carbon Steel Forgings Market Revenue (USD billion) Forecast, by Product Type, 2020-2035

Table 28: Middle East & Africa Carbon Steel Forgings Market Revenue (USD billion) Forecast, by End Use Industry, 2020-2035

Table 29: Middle East & Africa Carbon Steel Forgings Market Revenue (USD billion) Forecast, by Process, 2020-2035

Table 30: Middle East & Africa Carbon Steel Forgings Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035

Frequently Asked Questions

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