Market Overview: The Forging Market witnessed a market value of USD 80.64 billion in 2022, and it is projected to reach USD 137.39 billion by 2032, with a compound annual growth rate (CAGR) of 6.1% during the forecast period. The market growth is primarily driven by the increasing demand for lightweight and high-strength components in various industries, including aerospace, automotive, oil...

The Tool Steel Market Industry was valued at USD 5.45 billion in 2022 and is projected to reach USD 9.18 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.73% during the forecast period from 2023 to 2030. Tool steel, a critical component in various industries, has witnessed substantial growth in recent years. With a market value of USD 5.45 billion in 2022, this...