The global metal forging market size is expected to witness significant growth owing to the increasing demand of the product for the automotive sector. Furthermore, increasing government support for the production of e-vehicles will favor the adoption of metal forging. Fortune Business Insights, in its latest report, titled “Metal Forging Market Size, Share & Industry Analysis, By Raw Material (Carbon Steel, Alloy Steel, Stainless Steel, Aluminum, Magnesium, Titanium, and Others), By Technology (Closed Die, Open Die, and Others), By Application (Automotive, Mechanical Equipment, Aerospace & Railways, and Others), and Regional Forecast, 2020-2027.”, observes that the market is projected to reach USD 135.01 billion by 2027, while exhibiting a CAGR of 6.7% between 2020 and 2027. The report further mentions that the market was worth USD 80.79 billion in 2019.
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