According to our latest study on "Upto 10 Kg Closed Die Forging Market Size and Forecasts (2025 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis - by Material Type, and Industry," the Upto 10 Kg Closed Die Forging Market was valued at US$ 9,310.65 million in 2024 and is expected to reach US$ 13,932.46 million by 2031; it is estimated to record a CAGR of 6.1% during 2025-2031.

The global Upto 10 Kg Closed Die Forging Market is segmented into North America, Europe, APAC, the MEA, and SAM. Asia Pacific dominated the global Upto 10 Kg Closed Die Forging Market. Europe accounted for the second largest share of the global market. One of the most significant trends in the closed die forging market is the acceptance of automation and integration of Industry 4.0 technologies to enhance efficiency, quality, and scalability. Automated forging systems can operate continuously, even seven days a week, minimizing downtime and enhancing production levels. This has empowered businesses to encounter the rising requirement for high-precision and customized components in the automotive, aerospace, construction, manufacturing, and energy industries. Automated systems reduce the necessity for manual labor, decreasing the probability of workplace hazards and improving overall safety.

Key Findings of Upto 10 Kg Closed Die Forging Market Study:

The upto 10 kg closed die forging market is segmented on the basis of material type, industry, and geography. Based on material type, the market is divided into nickel-based alloys, titanium alloys, aluminum alloys, steel alloys, and others. In terms of 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 categorized into passenger vehicles, commercial vehicles, motorcycles and trailers.. By geography, the market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America.

In terms of material type, the upto 10 Kg closed die forging market is segmented into nickel-based alloys, titanium alloys, steel alloys, aluminum alloys, and others. The steel alloys segment held the largest upto 10 Kg closed die forging market share.

Steel alloys are significantly used in closed die forging components weighing upto 10 kg, owing to their noteworthy mechanical properties, adaptability, and cost-effectiveness. Industries increasingly require components that can withstand high stress and harsh conditions, which is fueling the usage of steel alloys across various industrial applications. Further, steel alloys provide toughness, superior strength, and durability, making them ideal for high-end industrial applications such as heavy machinery, marine, transportation, oil and gas, manufacturing, and construction.

Based on industry, the upto 10 Kg closed die forging market is segmented into Automotive (Passenger Vehicle, Commercial Vehicle, Motorcycle, Trailers), Aerospace, Heavy Equipment, Manufacturing, Oil and Gas, Construction Equipment, Agricultural Equipment, Others. The upto 10 kg closed die forging is predominantly significant in the automotive sector, where there is a high demand for lightweight yet durable components. Closed die forging is commonly used to produce suspension parts such as control arms, which must endure substantial loads while maintaining a lightweight profile. Gears shaped through closed die forging display high strength and wear resistance, making them a paradigm for automotive transmission systems. High-strength fasteners such as bolts and nuts are also often yielded through the closed die forging method, benefiting from the enhanced mechanical properties of forged materials. Further, Chinese companies such as BYD Ltd. and Great Wall Motor are investing substantially to boost their EV manufacturing capacities across Asia Pacific. In 2023, BYD Ltd. announced a plan to invest US$ 1.2 billion in the expansion of its EV battery manufacturing plant in central China. According to the data published by the International Organization of Motor Vehicle Manufacturers in 2023, global passenger and commercial vehicle production in 2019 was 91 million; the production reached 93 million in 2024. Further, global passenger and commercial vehicle sales in 2020 were 79 million; the sales crossed 95 million in 2024. Such an increase in production and sales of vehicles boosted the development of the automotive industry, driving the demand for up to 10 kg closed die forging across the globe.

Isler India; Aequs Pvt Ltd.; M M Forgings Limited; NEXUS ENGITECH; SIDERFORGEROSSI GROUP S.p.A.; FORLAM group; Palmieri Group; Trojan Manufacturing, Forging and Automotive (TMFA); Poppi Ugo Euroforge S.p.A.; KEMS FORGINGS LTD.; FIXIN Manufacturing Technology Pvt Ltd; Kalyani Forge Ltd.; Cie Automotive SA; Sunstar Precision Forge Limited; Kross Limited; Poona Forge Private Limited; Sadhu Group; Pradeep Metals Limited; Ramkrishna Forgings Ltd; Sundaram Forgings; Happy Forgings; Rasche Umformtechnik GmbH & Co. KG; CFS Machinery Co. Ltd; Western India Forgings Pvt. Ltd.; and. Caparo India are among the key players profiled in the Upto 10 Kg Closed Die Forging Market report. Several other major players were studied and analyzed during the Upto 10 Kg Closed Die Forging Market analysis to get a holistic view of the market and its ecosystem. The Upto 10 Kg Closed Die Forging Market also provides detailed market insights, which help the key players strategize their growth. the report includes growth prospects owing to the current Upto 10 Kg Closed Die Forging Market trends and their foreseeable impact during the forecast period.

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