Upto 10 kg Closed Die Forging Market Strategies, Top Players, Growth Opportunities, Analysis and Forecast by 2031

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 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 Regional Insights

The regional trends and factors influencing the Upto 10 kg Closed Die Forging Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Upto 10 kg Closed Die Forging Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Upto 10 kg Closed Die Forging Market Report Scope

Upto 10 kg Closed Die Forging Market Players Density: Understanding Its Impact on Business Dynamics

The Upto 10 kg Closed Die Forging Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Upto 10 kg Closed Die Forging Market are:

1. Isler India
2. Aequs Pvt Ltd
3. M M Forgings Limited
4. NEXUS ENGITECH
5. SIDERFORGEROSSI GROUP S.p.A
6. FORLAM group

Disclaimer: The companies listed above are not ranked in any particular order.

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