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    Japan Metal Forging Market

    ID: MRFR/CnM/47528-HCR
    111 Pages
    Chitranshi Jaiswal
    September 2025

    Japan Metal Forging Market Research Report: By Raw Material (Steel, Aluminum, Magnesium, Nickel-Based Alloys, Titanium, Other), By Type (Closed-die Forging, Open-die Forging, Others) and By End-use (Automotive, Aerospace & Defense, Aircraft Engine, Others, Power, Building & Construction, Oil & Gas, Metalworking) - Forecast to 2035.

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    Table of Contents

    Japan Metal Forging Market Summary

    The Japan Metal Forging market is projected to experience substantial growth, reaching 12.9 USD Billion by 2035.

    Key Market Trends & Highlights

    Japan Metal Forging Key Trends and Highlights

    • The market valuation for Japan Metal Forging stands at 6.8 USD Billion in 2024.
    • It is anticipated that the market will grow at a CAGR of 5.99% from 2025 to 2035.
    • By 2035, the market is expected to double in size, reaching 12.9 USD Billion.
    • Growing adoption of advanced manufacturing techniques due to increased demand for high-quality components is a major market driver.

    Market Size & Forecast

    2024 Market Size 6.8 (USD Billion)
    2035 Market Size 12.9 (USD Billion)
    CAGR (2025-2035) 5.99%

    Major Players

    Toho Titanium, Fujikura Kasei, Kyoei Steel, Asahi Techno Glass, Nihon Seiko, Sumitomo Metal Industries, JFE Steel Corporation, Daido Steel, Kawasaki Heavy Industries, Toyota Tsusho, Mitsubishi Materials, Sankyo Tateyama, Kobe Steel, Nippon Steel Corporation, Hitachi Metals

    Japan Metal Forging Market Trends

    The Japan Metal Forging Market is experiencing significant trends driven by various factors unique to the region. One of the key market drivers includes the strong demand for high-quality products, particularly in the automotive, aerospace, and industrial machinery sectors. Japan's manufacturers are known for their emphasis on precision and reliability, leading to increased adoption of advanced forging technologies.

    Furthermore, initiatives from the Japanese government to promote sustainable manufacturing practices are influencing the market. These initiatives are pushing organizations toward the use of eco-friendly materials and energy-efficient processes in forging operations.

    The Japan Metal Forging Market presents an opportunity to investigate the growing trend of clever manufacturing and automation. The integration of Industry 4.0 technologies presents opportunities for companies to invest in modernizing their processes, resulting in potential improvements in efficiency and product quality.

    Furthermore, the geriatric workforce in Japan is compelling companies to pursue innovative solutions that can improve production capabilities and reduce labor dependency. Another notable trend in recent years is the increase in collaborative endeavors between research institutions and manufacturers.

    This collaboration is centered on the development of specialized alloys and lightweight materials that are gaining traction in a variety of industries, notably in response to global trends toward the reduction of carbon footprints and the improvement of energy efficiency.

    In general, the Japan Metal Forging Market is distinguished by a combination of technological advancement, regulatory support for sustainability initiatives, and robust demand across key industrial sectors, which is expected to foster ongoing growth and innovation.

    Japan Metal Forging Market Drivers

    Market Segment Insights

    Metal Forging Market Raw Material Insights

    The Raw Material segment of the Japan Metal Forging Market plays a critical role in determining the overall efficiency and sustainability of the forging process, with various materials being utilized based on specific application needs and industry standards. Within this segment, Steel continues to hold a dominant position due to its exceptional strength and versatility, making it a preferred choice for industries such as automotive and construction, which are pivotal in Japan's industrial landscape.

    Aluminum, known for its lightweight properties and corrosion resistance, is increasingly gaining traction in applications that prioritize material performance and weight reduction, particularly in the aerospace and automotive sectors, which are vital to Japan's technological advancement.

    Magnesium, although less common, is recognized for its significant strength-to-weight ratio, making it crucial for high-performance applications where reducing mass is essential. The inclusion of Nickel-Based Alloys further enhances the Raw Material segment's diversity, as these alloys exhibit outstanding resistance to high temperatures and corrosion, making them invaluable in sectors like energy generation and aerospace, where reliability is non-negotiable.

    Titanium is also gaining significance in Japan's Metal Forging Market due to its unique combination of high strength and low weight and is especially sought after in medical and aerospace applications due to its biocompatibility and resilience.

    Additional materials categorized under 'Other' contribute to the flexibility of the market, enabling specialists to tailor solutions for niche needs and evolving technology landscapes. Collectively, these raw materials not only underline the robustness of the Japan Metal Forging Market revenue but also reflect the country's commitment to innovation, quality, and sustainable growth in its manufacturing practices.

    Metal Forging Market Type Insights

    The Japan Metal Forging Market exhibits diverse segmentation in terms of Type, defining its trajectory and dynamics within the region. Closed-die Forging plays a significant role, known for producing complex and precise shapes with minimal waste, making it ideal for industries such as automotive and aerospace, where precision is paramount. This method enhances production efficiency and material utilization, ensuring lower costs and higher-quality parts.

    Open-die Forging, on the other hand, is recognized for its versatility, accommodating larger components and simpler shapes. This method is crucial for sectors such as construction and heavy machinery, where strong, durable components are required.

    The "Others" category encapsulates various forging techniques that cater to niche requirements across diverse industries. With the increasing emphasis on lightweight materials and energy efficiency in Japan's manufacturing sector, the demand for innovative forging techniques is expected to rise.

    This evolution reflects a broader trend within the Japan Metal Forging Market towards advanced processes that enhance product performance and sustainability, thereby providing opportunities for growth and expansion across all types.

    The overall market continues to adapt to technological advancements and changing consumer needs, reinforcing the significance of each forging method in maintaining a competitive advantage.

    Metal Forging Market End-use Insights

    The Japan Metal Forging Market showcases a diverse landscape across its End-use segments, reflecting the nation's industrial strength and technological advancements. The automotive sector, being a critical driver, emphasizes the demand for high-quality forged components that enhance the safety and efficiency of vehicles. Meanwhile, Aerospace and Defense utilize metal forging to produce lightweight yet durable parts essential for aircraft and military applications, ensuring performance with utmost reliability.

    The Aircraft Engine segment also plays a vital role, as advanced forging techniques allow for the development of components that can withstand extreme conditions.

    Other sectors like Power, Building and Construction, Oil and Gas, and Metalworking further contribute to the market dynamics, with each relying on precision-forged materials for construction, machinery, and energy projects.

    Japan's focus on innovation and sustainability propels growth in these areas, with technological advancements continually enhancing the properties and applications of forged metals. As industries evolve and demand for intricate designs increases, the Japan Metal Forging Market will continue to capitalize on opportunities for enhanced efficiency and quality, guided by the country's strong manufacturing capabilities and commitment to industry excellence.

    Get more detailed insights about Japan Metal Forging Market Research Report - Forecast till 2035

    Regional Insights

    Key Players and Competitive Insights

    The Japan Metal Forging Market is characterized by its advanced manufacturing techniques, precision engineering, and the use of cutting-edge technology. This market sees several players competing to provide high-quality forged components across industries such as automotive, aerospace, industrial machinery, and construction. The competitive landscape is heavily influenced by factors including production capabilities, technological innovations, supply chain management, and customer relationships.

    Additionally, the market's growth is augmented by the increasing demand for durable and lightweight materials that enhance the performance of end products. Additionally, recognition of sustainability and the adoption of green forging technologies are trends gaining traction among manufacturers, fueling competition and driving market evolution.

    Toho Titanium has established itself as a significant player in the Japan Metal Forging Market. The company's expertise in titanium-based products supports a wide array of industrial applications, emphasizing high strength-to-weight ratios. With state-of-the-art production facilities, Toho Titanium has developed an efficient supply chain that allows for quick turnaround times in manufacturing processes.

    Their dedication to innovation has enabled them to stay at the forefront of technology, ensuring they can meet the evolving demands of multiple industries, especially where lightweight materials are increasingly desired. As a company committed to quality and efficiency, Toho Titanium's strong market presence is bolstered by its emphasis on research and development, allowing it to cater to specific customer requirements effectively.

    Fujikura Kasei is another notable entity within the Japan Metal Forging Market. This company specializes in the production of various forged metal components mainly used in sectors such as automotive and electronics. Fujikura Kasei is recognized for its advanced manufacturing techniques and ability to deliver customized solutions tailored to client specifications.

    The company has positioned itself strongly through its product offerings, which include high-performance forged parts designed for durability and precision. Over the years, Fujikura Kasei has pursued strategic partnerships and mergers to expand its manufacturing capabilities and market reach. This approach has not only strengthened its operational efficiency but also enhanced its competitiveness within Japan.

    The company's focus on innovation, sustainability, and customer satisfaction underlines its commitment to maintaining a leading position in the highly competitive landscape of the Japan Metal Forging Market.

    Key Companies in the Japan Metal Forging Market market include

    Industry Developments

    Recent developments in the Japan Metal Forging Market indicate a robust growth trajectory influenced by increasing demand in the automotive and aerospace sectors. Major players such as JFE Steel Corporation and Kobe Steel are expanding their production capacities to cater to the rising needs. In June 2023, Fujikura Kasei announced a joint venture with a leading automotive manufacturer to innovate in lightweight metal forging technology.

    Additionally, Sumitomo Metal Industries acquired a precision forging company in July 2023, enhancing its portfolio in sustainable manufacturing practices aimed at reducing carbon emissions. Current affairs point towards heightened investment in Research and Development activities, particularly in sustainable materials, as Japan adopts stricter environmental regulations.

    In May 2022, corporates like Hitachi Metals expanded their market presence by launching new product lines tailored to meet industry-specific requirements. The overall market valuation of companies like Daido Steel and Toyota Tsusho is witnessing a significant increase, influenced by advancements in automation and smart manufacturing.

    These developments underscore the dynamic nature of the Japan Metal Forging Market, which is increasingly adapting to global trends and technological advancements, positioning itself for future growth.

    Market Segmentation

    Metal Forging Market Type Outlook

    • Closed-die Forging
    • Open-die Forging
    • Others

    Metal Forging Market End-use Outlook

    • Automotive
    • Aerospace & Defense
    • Aircraft Engine
    • Others
    • Power
    • Building & Construction
    • Oil & Gas
    • Metalworking

    Metal Forging Market Raw Material Outlook

    • Steel
    • Aluminum
    • Magnesium
    • Nickel-Based Alloys
    • Titanium
    • Other

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 6.08(USD Billion)
    Market Size 2024 6.8(USD Billion)
    Market Size 2035 12.89(USD Billion)
    Compound Annual Growth Rate (CAGR) 5.986% (2025 - 2035)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2019 - 2024
    Market Forecast Units USD Billion
    Key Companies Profiled Toho Titanium, Fujikura Kasei, Kyoei Steel, Asahi Techno Glass, Nihon Seiko, Sumitomo Metal Industries, JFE Steel Corporation, Daido Steel, Kawasaki Heavy Industries, Toyota Tsusho, Mitsubishi Materials, Sankyo Tateyama, Kobe Steel, Nippon Steel Corporation, Hitachi Metals
    Segments Covered Raw Material, Type, End-use
    Key Market Opportunities Growing automotive sector demand, Aerospace industry expansion, Increased infrastructure investments, Advancements in forging technologies, Rising focus on lightweight materials
    Key Market Dynamics Technological advancements, Rising automotive demand, Sustainable manufacturing practices, Labor shortage challenges, Increasing construction activities
    Countries Covered Japan

    Market Highlights

    Author
    Chitranshi Jaiswal
    Research Analyst Level I

    In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

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    FAQs

    What is the expected market size of the Japan Metal Forging Market in 2024?

    The Japan Metal Forging Market is expected to be valued at 6.8 billion USD in 2024.

    What will the market size of the Japan Metal Forging Market be by 2035?

    By 2035, the overall market size is projected to reach approximately 12.89 billion USD.

    What is the expected compound annual growth rate (CAGR) for the Japan Metal Forging Market from 2025 to 2035?

    The expected CAGR for the Japan Metal Forging Market from 2025 to 2035 is 5.986 percent.

    Which raw material segment will dominate the Japan Metal Forging Market by 2035?

    Steel is anticipated to dominate the market, growing from 2.5 billion USD in 2024 to 4.9 billion USD in 2035.

    What is the market size for Aluminum in the Japan Metal Forging Market by 2035?

    The Aluminum segment is expected to grow from 1.7 billion USD in 2024 to 3.3 billion USD by 2035.

    Who are the key players in the Japan Metal Forging Market?

    Key players in the Japan Metal Forging Market include Toho Titanium, Fujikura Kasei, Kyoei Steel, and Nippon Steel Corporation.

    What are the projected values of the Magnesium segment in the Japan Metal Forging Market by 2035?

    The Magnesium segment is expected to grow from 0.5 billion USD in 2024 to 1.0 billion USD by 2035.

    What is the market size for Nickel-Based Alloys in the Japan Metal Forging Market by 2035?

    Nickel-Based Alloys are projected to increase from 1.0 billion USD in 2024 to 1.9 billion USD by 2035.

    How is the Titanium segment expected to perform in the Japan Metal Forging Market by 2035?

    The Titanium segment is forecasted to grow from 1.1 billion USD in 2024 to 1.7 billion USD in 2035.

    What are the major growth drivers for the Japan Metal Forging Market?

    Key growth drivers include increasing demand from the automotive and aerospace industries, enhancing manufacturing technologies, and rising investments in infrastructure.

    1. 'TABLE OF CONTENTS
    2. EXECUTIVE SUMMARY
    3. Market Overview
      1. Key Findings
      2. Market Segmentation
    4. Competitive Landscape
      1. Challenges and Opportunities
      2. Future Outlook
    5. MARKET INTRODUCTION
      1. Definition
      2. Scope of the study
        1. Research Objective
        2. Assumption
        3. Limitations
    6. RESEARCH METHODOLOGY
      1. Overview
    7. Data Mining
      1. Secondary Research
      2. Primary Research
    8. Primary Interviews and Information Gathering Process
      1. Breakdown of Primary
    9. Respondents
      1. Forecasting Model
      2. Market Size Estimation
    10. Bottom-Up Approach
      1. Top-Down Approach
      2. Data Triangulation
      3. Validation
    11. MARKET DYNAMICS
      1. Overview
      2. Drivers
      3. Restraints
      4. Opportunities
    12. MARKET FACTOR ANALYSIS
      1. Value chain Analysis
      2. Porter''s Five Forces
    13. Analysis
      1. Bargaining Power of Suppliers
        1. Bargaining Power
    14. of Buyers
      1. Threat of New Entrants
        1. Threat of Substitutes
        2. Intensity of Rivalry
      2. COVID-19 Impact Analysis
    15. Market Impact Analysis
      1. Regional Impact
        1. Opportunity and
    16. Threat Analysis
    17. JAPAN METAL FORGING MARKET, BY RAW MATERIAL
    18. (USD BILLION)
      1. Steel
      2. Aluminium
      3. Magnesium
    19. Nickel-Based Alloys
      1. Titanium
      2. Other
    20. JAPAN METAL FORGING
    21. MARKET, BY TYPE (USD BILLION)
      1. Closed-die Forging
      2. Open-die
    22. Forging
      1. Others
    23. JAPAN METAL FORGING MARKET, BY END-USE (USD BILLION)
      1. Automotive
      2. Aerospace & Defense
      3. Aircraft Engine
      4. Others
      5. Power
      6. Building & Construction
    24. Oil & Gas
      1. Metalworking
    25. COMPETITIVE LANDSCAPE
      1. Overview
      2. Competitive Analysis
      3. Market share Analysis
      4. Major Growth Strategy in the Metal Forging Market
      5. Competitive
    26. Benchmarking
      1. Leading Players in Terms of Number of Developments in the
    27. Metal Forging Market
      1. Key developments and growth strategies
    28. New Product Launch/Service Deployment
      1. Merger & Acquisitions
        1. Joint Ventures
      2. Major Players Financial Matrix
        1. Sales
    29. and Operating Income
      1. Major Players R&D Expenditure. 2023
    30. COMPANY PROFILES
      1. Toho Titanium
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      2. Fujikura Kasei
        1. Financial
    31. Overview
      1. Products Offered
        1. Key Developments
    32. SWOT Analysis
      1. Key Strategies
      2. Kyoei Steel
    33. Financial Overview
      1. Products Offered
        1. Key Developments
        2. SWOT Analysis
        3. Key Strategies
      2. Asahi Techno
    34. Glass
      1. Financial Overview
        1. Products Offered
    35. Key Developments
      1. SWOT Analysis
        1. Key Strategies
    36. Nihon Seiko
      1. Financial Overview
        1. Products Offered
        2. Key Developments
        3. SWOT Analysis
        4. Key Strategies
      2. Sumitomo Metal Industries
        1. Financial Overview
    37. Products Offered
      1. Key Developments
        1. SWOT Analysis
        2. Key Strategies
      2. JFE Steel Corporation
        1. Financial
    38. Overview
      1. Products Offered
        1. Key Developments
    39. SWOT Analysis
      1. Key Strategies
      2. Daido Steel
    40. Financial Overview
      1. Products Offered
        1. Key Developments
        2. SWOT Analysis
        3. Key Strategies
      2. Kawasaki Heavy
    41. Industries
      1. Financial Overview
        1. Products Offered
    42. Key Developments
      1. SWOT Analysis
        1. Key Strategies
    43. Toyota Tsusho
      1. Financial Overview
        1. Products Offered
        2. Key Developments
        3. SWOT Analysis
        4. Key
    44. Strategies
      1. Mitsubishi Materials
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT
    45. Analysis
      1. Key Strategies
      2. Sankyo Tateyama
    46. Financial Overview
      1. Products Offered
        1. Key Developments
        2. SWOT Analysis
        3. Key Strategies
      2. Kobe Steel
        1. Financial Overview
        2. Products Offered
    47. Key Developments
      1. SWOT Analysis
        1. Key Strategies
      2. Nippon Steel Corporation
        1. Financial Overview
    48. Products Offered
      1. Key Developments
        1. SWOT Analysis
        2. Key Strategies
      2. Hitachi Metals
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT
    49. Analysis
      1. Key Strategies
    50. APPENDIX
      1. References
      2. Related Reports
    51. MATERIAL, 2019-2035 (USD BILLIONS)
    52. ESTIMATES & FORECAST, BY TYPE, 2019-2035 (USD BILLIONS)
    53. METAL FORGING MARKET SIZE ESTIMATES & FORECAST, BY END-USE, 2019-2035 (USD BILLIONS)
    54. JAPAN METAL FORGING MARKET ANALYSIS BY RAW MATERIAL
    55. FORGING MARKET ANALYSIS BY TYPE
    56. BY END-USE
    57. RESEARCH PROCESS OF MRFR
    58. IMPACT ANALYSIS: METAL FORGING MARKET
    59. FORGING MARKET
    60. METAL FORGING MARKET, BY TYPE, 2019 TO 2035 (USD Billions)
    61. FORGING MARKET, BY END-USE, 2025 (% SHARE)
    62. BY END-USE, 2019 TO 2035 (USD Billions)

    Japan Metal Forging Market Segmentation

     

     

     

    • Metal Forging Market By Raw Material (USD Billion, 2019-2035)

      • Steel
      • Aluminium
      • Magnesium
      • Nickel-Based Alloys
      • Titanium
      • Other

    • Metal Forging Market By Type (USD Billion, 2019-2035)

      • Closed-die Forging
      • Open-die Forging
      • Others

    • Metal Forging Market By End-use (USD Billion, 2019-2035)

      • Automotive
      • Aerospace & Defense
      • Aircraft Engine
      • Others
      • Power
      • Building & Construction
      • Oil & Gas
      • Metalworking

     

     

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