Industry: Service & Software
Published Date: 2025-06-14
Pages: 111 Pages
Report ld: 4764804
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Closed Die Forging Services Market Size(US$)

CAGR 2025-2031
5.1%
Market Size,2031
USD 7,552
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Closed Die Forging Services was estimated to be worth US$ 5329 million in 2024 and is forecast to a readjusted size of US$ 7552 million by 2031 with a CAGR of 5.1% during the forecast period 2025-2031.
Closed die forging, also known as impression die forging, is one of the forging types for small or medium metal components. Close die forging is a plastic deformation process where, unlike in the open die forging process, the material is forced to flow in a closed shape called die. Compared to the open die forging, the close die forging (said also hot drop forging) can achieve more complex geometries, very much close to the dimensions of the finished component. The plastic deformation is given rapidly through some shots which force the material to fill the shape of the die. The process is performed at the plastic temperature of the material in use without intermediate re-heatings.
A key step in closed die forging is the design and the production of the dies, process which is part of the know-how of the manufacturer. Most common used forging dies material are tool steels. For the high material cost and machining cost, cost of forging dies are always much higher, but it is one time cost, will not be charged from our customers for next batch production. Unlike the open die forging, suitable to manufacture also individual parts, the close die forging is used to manufacture series production as this is particularly convenient to absorb the costs the dies. The close die forged product shows several advantages like the typical flow lines of the material along the profile of the component, beneficial particularly on mechanical components put in service under cyclic fatigue. This process allows furthermore to use reduced over-dimensions, feature which allows cost savings on input weights as well as on final machining due to less material to remove. The close die forging process is typically used for critical components, in our case on railway, petrochemical, electrical, lifting and safety system, industrial and agricultural machinery sectors.
North American market for Closed Die Forging Services was valued at $ million in 2024 and will reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Closed Die Forging Services was valued at $ million in 2024 and will reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Europe market for Closed Die Forging Services was valued at $ million in 2024 and will reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The global key companies of Closed Die Forging Services include Topgrid, Bunty LLC, CFS Forge, E.J. Hadaway, Zetwerk, Frigate Engineering, Ferralloy, Inc., Align Manufacturing, Forge LT, Walker Forge, etc. In 2024, the global five largest players hold a share approximately % in terms of revenue.
This report aims to provide a comprehensive presentation of the global market for Closed Die Forging Services, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Closed Die Forging Services by region & country, by Type, and by Application.
The Closed Die Forging Services market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Closed Die Forging Services.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Closed Die Forging Services company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Closed Die Forging Services in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Closed Die Forging Services in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
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TABLE OF CONTENTS
1 Market Overview
1.1 Closed Die Forging Services Product Introduction
1.2 Global Closed Die Forging Services Market Size Forecast (2020-2031)
1.3 Closed Die Forging Services Market Trends & Drivers
1.3.1 Closed Die Forging Services Industry Trends
1.3.2 Closed Die Forging Services Market Drivers & Opportunity
1.3.3 Closed Die Forging Services Market Challenges
1.3.4 Closed Die Forging Services Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Closed Die Forging Services Players Revenue Ranking (2024)
2.2 Global Closed Die Forging Services Revenue by Company (2020-2025)
2.3 Key Companies Closed Die Forging Services Manufacturing Base Distribution and Headquarters
2.4 Key Companies Closed Die Forging Services Product Offered
2.5 Key Companies Time to Begin Mass Production of Closed Die Forging Services
2.6 Closed Die Forging Services Market Competitive Analysis
2.6.1 Closed Die Forging Services Market Concentration Rate (2020-2025)
2.6.2 Global 5 and 10 Largest Companies by Closed Die Forging Services Revenue in 2024
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Closed Die Forging Services as of 2024)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Steel and Alloy Forging
3.1.2 Non-Ferrous Metal Forging
3.1.3 Specialty Material Forging
3.2 Global Closed Die Forging Services Sales Value by Type
3.2.1 Global Closed Die Forging Services Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Closed Die Forging Services Sales Value, by Type (2020-2031)
3.2.3 Global Closed Die Forging Services Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Automotive
4.1.2 Aerospace
4.1.3 Industrial Machinery
4.1.4 Oil and Gas Industry
4.1.5 Power Generation
4.1.6 Others
4.2 Global Closed Die Forging Services Sales Value by Application
4.2.1 Global Closed Die Forging Services Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Closed Die Forging Services Sales Value, by Application (2020-2031)
4.2.3 Global Closed Die Forging Services Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
5.1 Global Closed Die Forging Services Sales Value by Region
5.1.1 Global Closed Die Forging Services Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Closed Die Forging Services Sales Value by Region (2020-2025)
5.1.3 Global Closed Die Forging Services Sales Value by Region (2026-2031)
5.1.4 Global Closed Die Forging Services Sales Value by Region (%), (2020-2031)
5.2 North America
5.2.1 North America Closed Die Forging Services Sales Value, 2020-2031
5.2.2 North America Closed Die Forging Services Sales Value by Country (%), 2024 VS 2031
5.3 Europe
5.3.1 Europe Closed Die Forging Services Sales Value, 2020-2031
5.3.2 Europe Closed Die Forging Services Sales Value by Country (%), 2024 VS 2031
5.4 Asia Pacific
5.4.1 Asia Pacific Closed Die Forging Services Sales Value, 2020-2031
5.4.2 Asia Pacific Closed Die Forging Services Sales Value by Region (%), 2024 VS 2031
5.5 South America
5.5.1 South America Closed Die Forging Services Sales Value, 2020-2031
5.5.2 South America Closed Die Forging Services Sales Value by Country (%), 2024 VS 2031
5.6 Middle East & Africa
5.6.1 Middle East & Africa Closed Die Forging Services Sales Value, 2020-2031
5.6.2 Middle East & Africa Closed Die Forging Services Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Closed Die Forging Services Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Closed Die Forging Services Sales Value, 2020-2031
6.3 United States
6.3.1 United States Closed Die Forging Services Sales Value, 2020-2031
6.3.2 United States Closed Die Forging Services Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Closed Die Forging Services Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Closed Die Forging Services Sales Value, 2020-2031
6.4.2 Europe Closed Die Forging Services Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Closed Die Forging Services Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Closed Die Forging Services Sales Value, 2020-2031
6.5.2 China Closed Die Forging Services Sales Value by Type (%), 2024 VS 2031
6.5.3 China Closed Die Forging Services Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Closed Die Forging Services Sales Value, 2020-2031
6.6.2 Japan Closed Die Forging Services Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Closed Die Forging Services Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Closed Die Forging Services Sales Value, 2020-2031
6.7.2 South Korea Closed Die Forging Services Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Closed Die Forging Services Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Closed Die Forging Services Sales Value, 2020-2031
6.8.2 Southeast Asia Closed Die Forging Services Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Closed Die Forging Services Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Closed Die Forging Services Sales Value, 2020-2031
6.9.2 India Closed Die Forging Services Sales Value by Type (%), 2024 VS 2031
6.9.3 India Closed Die Forging Services Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Topgrid
7.1.1 Topgrid Profile
7.1.2 Topgrid Main Business
7.1.3 Topgrid Closed Die Forging Services Products, Services and Solutions
7.1.4 Topgrid Closed Die Forging Services Revenue (US$ Million) & (2020-2025)
7.1.5 Topgrid Recent Developments
7.2 Bunty LLC
7.2.1 Bunty LLC Profile
7.2.2 Bunty LLC Main Business
7.2.3 Bunty LLC Closed Die Forging Services Products, Services and Solutions
7.2.4 Bunty LLC Closed Die Forging Services Revenue (US$ Million) & (2020-2025)
7.2.5 Bunty LLC Recent Developments
7.3 CFS Forge
7.3.1 CFS Forge Profile
7.3.2 CFS Forge Main Business
7.3.3 CFS Forge Closed Die Forging Services Products, Services and Solutions
7.3.4 CFS Forge Closed Die Forging Services Revenue (US$ Million) & (2020-2025)
7.3.5 CFS Forge Recent Developments
7.4 E.J. Hadaway
7.4.1 E.J. Hadaway Profile
7.4.2 E.J. Hadaway Main Business
7.4.3 E.J. Hadaway Closed Die Forging Services Products, Services and Solutions
7.4.4 E.J. Hadaway Closed Die Forging Services Revenue (US$ Million) & (2020-2025)
7.4.5 E.J. Hadaway Recent Developments
7.5 Zetwerk
7.5.1 Zetwerk Profile
7.5.2 Zetwerk Main Business
7.5.3 Zetwerk Closed Die Forging Services Products, Services and Solutions
7.5.4 Zetwerk Closed Die Forging Services Revenue (US$ Million) & (2020-2025)
7.5.5 Zetwerk Recent Developments
7.6 Frigate Engineering
7.6.1 Frigate Engineering Profile
7.6.2 Frigate Engineering Main Business
7.6.3 Frigate Engineering Closed Die Forging Services Products, Services and Solutions
7.6.4 Frigate Engineering Closed Die Forging Services Revenue (US$ Million) & (2020-2025)
7.6.5 Frigate Engineering Recent Developments
7.7 Ferralloy, Inc.
7.7.1 Ferralloy, Inc. Profile
7.7.2 Ferralloy, Inc. Main Business
7.7.3 Ferralloy, Inc. Closed Die Forging Services Products, Services and Solutions
7.7.4 Ferralloy, Inc. Closed Die Forging Services Revenue (US$ Million) & (2020-2025)
7.7.5 Ferralloy, Inc. Recent Developments
7.8 Align Manufacturing
7.8.1 Align Manufacturing Profile
7.8.2 Align Manufacturing Main Business
7.8.3 Align Manufacturing Closed Die Forging Services Products, Services and Solutions
7.8.4 Align Manufacturing Closed Die Forging Services Revenue (US$ Million) & (2020-2025)
7.8.5 Align Manufacturing Recent Developments
7.9 Forge LT
7.9.1 Forge LT Profile
7.9.2 Forge LT Main Business
7.9.3 Forge LT Closed Die Forging Services Products, Services and Solutions
7.9.4 Forge LT Closed Die Forging Services Revenue (US$ Million) & (2020-2025)
7.9.5 Forge LT Recent Developments
7.10 Walker Forge
7.10.1 Walker Forge Profile
7.10.2 Walker Forge Main Business
7.10.3 Walker Forge Closed Die Forging Services Products, Services and Solutions
7.10.4 Walker Forge Closed Die Forging Services Revenue (US$ Million) & (2020-2025)
7.10.5 Walker Forge Recent Developments
7.11 Compass & Anvil Sales and Engineering Inc.
7.11.1 Compass & Anvil Sales and Engineering Inc. Profile
7.11.2 Compass & Anvil Sales and Engineering Inc. Main Business
7.11.3 Compass & Anvil Sales and Engineering Inc. Closed Die Forging Services Products, Services and Solutions
7.11.4 Compass & Anvil Sales and Engineering Inc. Closed Die Forging Services Revenue (US$ Million) & (2020-2025)
7.11.5 Compass & Anvil Sales and Engineering Inc. Recent Developments
7.12 DEECO Metals
7.12.1 DEECO Metals Profile
7.12.2 DEECO Metals Main Business
7.12.3 DEECO Metals Closed Die Forging Services Products, Services and Solutions
7.12.4 DEECO Metals Closed Die Forging Services Revenue (US$ Million) & (2020-2025)
7.12.5 DEECO Metals Recent Developments
7.13 Canton Drop Forge
7.13.1 Canton Drop Forge Profile
7.13.2 Canton Drop Forge Main Business
7.13.3 Canton Drop Forge Closed Die Forging Services Products, Services and Solutions
7.13.4 Canton Drop Forge Closed Die Forging Services Revenue (US$ Million) & (2020-2025)
7.13.5 Canton Drop Forge Recent Developments
7.14 Schuler-Pressen
7.14.1 Schuler-Pressen Profile
7.14.2 Schuler-Pressen Main Business
7.14.3 Schuler-Pressen Closed Die Forging Services Products, Services and Solutions
7.14.4 Schuler-Pressen Closed Die Forging Services Revenue (US$ Million) & (2020-2025)
7.14.5 Schuler-Pressen Recent Developments
8 Industry Chain Analysis
8.1 Closed Die Forging Services Industrial Chain
8.2 Closed Die Forging Services Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Closed Die Forging Services Sales Model
8.5.2 Sales Channel
8.5.3 Closed Die Forging Services Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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Published: 2026-03-12
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The global Closed Die Forging Services market was valued at US$ 5603 million in 2025 and is anticipated to reach US$ 7898 million by 2032, at a CAGR of 5.1% from 2026 to 2032.
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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