The global Metal Forging Market size is expected to reach USD 131.32 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 7.6% during the forecast period. Growth of the automotive industry is expected to be one of the key market drivers.

Lightweight forging is expected to remain a key focus area in the automotive sector. Strict emission policies have forced automakers to double the share of lightweight components in automobiles. Under the European Union Legislation regarding carbon dioxide emissions, manufacturers must follow the criteria of 95 g/km of threshold value by 2021. Similar legislation is being adopted by many countries including U.S., China, India, Japan, and Brazil. The ability of the forging process to manufacture lightweight auto parts for applications such as combustion engine and transmission is anticipated to fuel growth.