According to a new report from Intel Market Research, the global forging market was valued at USD 79.19 billion in 2025 and is projected to reach USD 115.96 billion by 2032, growing at a robust CAGR of 5.7% during the forecast period (2025–2032). This growth is propelled by escalating demand from major industrial sectors including automotive, aerospace, and heavy machinery, coupled with the ongoing trend towards lightweighting and the adoption of advanced forging technologies that enhance component strength and durability. What is Forging?

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