GCC Metal Forging Market Size, Share & Trends Analysis Report By Raw Material (Embossing, Bending, Coining, Flanging), By Application (Automotive, Transportation, Aerospace), By Country, And Segment Forecasts, 2025 - 2030
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GCC Metal Forging Market Growth & Trends
The GCC metal forging market size is estimated treach USD 1.59 billion by 2030, registering tgrow at a CAGR of 5.0% from 2025 t2030 according ta new report by Grand View Research, Inc. Moderate growth of end-use industries is projected tdrive the market growth.
Forged metal components such as valves, wellhead equipment, electric motors, turbines pumps, blowout preventers, and compressors are primarily used in various end-use industries including oil and gas, automotive and transportation, and aerospace and defense. As compared tother end-use industries, oil and gas industry is a principal component of the economy the GCC countries. This can be illustrated from the fact that the share of oil and gas industry tGDP is approximately 50% in most of the GCC countries, except for more diversified economies such as UAE and Bahrain, wherein oil and gas sector represents 32% and 24% of their respective GDP. Therefore, the growth of oil and gas industry in the region is expected tdrive the metal forging market growth.
Furthermore, automotive industry, yet another significant application of metal forging, has witnessed considerable upward trends for the past few years. As per the figure below, automobile production in the Middle East increased from 260.4 thousand units in 2014 t348.9 thousand units in 2018. Turkey, Egypt, Iran, and Moroccare the leading automobile producers while the major consumers include Saudi Arabia, UAE, Egypt, and Turkey.
Lack of continuous technological advancements for manufacturing quality products is one of the challenges for the market. The requirement of skilled professionals for operating advanced machines is another limitation for the GCC forging market. GCC countries rely on exports for forging products due ta smaller number of producers in the market.
The In-Kingdom Total Value Add (IKTVA) program launched in December 2015 in Saudi Arabia represents a lucrative opportunity for the manufacturers of metal forging. The program is designed tencourage domestic manufacturing and, thereby, drive value and supply chain efficiency across all the operations of major oil companies such as Saudi Aramco. This program encourages local production as Saudi Aramcplans tincrease its local spending on its raw materials.
GCC Metal Forging Market Report Highlights
GCC Metal Forging Market Growth & Trends
The GCC metal forging market size is estimated treach USD 1.59 billion by 2030, registering tgrow at a CAGR of 5.0% from 2025 t2030 according ta new report by Grand View Research, Inc. Moderate growth of end-use industries is projected tdrive the market growth.
Forged metal components such as valves, wellhead equipment, electric motors, turbines pumps, blowout preventers, and compressors are primarily used in various end-use industries including oil and gas, automotive and transportation, and aerospace and defense. As compared tother end-use industries, oil and gas industry is a principal component of the economy the GCC countries. This can be illustrated from the fact that the share of oil and gas industry tGDP is approximately 50% in most of the GCC countries, except for more diversified economies such as UAE and Bahrain, wherein oil and gas sector represents 32% and 24% of their respective GDP. Therefore, the growth of oil and gas industry in the region is expected tdrive the metal forging market growth.
Furthermore, automotive industry, yet another significant application of metal forging, has witnessed considerable upward trends for the past few years. As per the figure below, automobile production in the Middle East increased from 260.4 thousand units in 2014 t348.9 thousand units in 2018. Turkey, Egypt, Iran, and Moroccare the leading automobile producers while the major consumers include Saudi Arabia, UAE, Egypt, and Turkey.
Lack of continuous technological advancements for manufacturing quality products is one of the challenges for the market. The requirement of skilled professionals for operating advanced machines is another limitation for the GCC forging market. GCC countries rely on exports for forging products due ta smaller number of producers in the market.
The In-Kingdom Total Value Add (IKTVA) program launched in December 2015 in Saudi Arabia represents a lucrative opportunity for the manufacturers of metal forging. The program is designed tencourage domestic manufacturing and, thereby, drive value and supply chain efficiency across all the operations of major oil companies such as Saudi Aramco. This program encourages local production as Saudi Aramcplans tincrease its local spending on its raw materials.
GCC Metal Forging Market Report Highlights
- The carbon steel segment accounted for 45.4% of revenue in 2024 due tits cost-effectiveness and widespread availability. Carbon steel is favored in the metal forging industry for its high strength, durability, and versatility, making it suitable for various applications, including automotive, construction, and oil and gas industries.
- The automotive segment dominated the GCC metal forging market in 2024, primarily due tthe high demand for durable and high-strength components in vehicle manufacturing. Forged parts, such as crankshafts, connecting rods, and gears, are essential for ensuring automobile reliability and performance.
- Saudi Arabia dominated the GCC metal forging market in 2024 with a revenue share of 51.5% due tits extensive industrial base and government-backed initiatives such as Vision 2030, which aims tenhance the country’s manufacturing capabilities.
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Insights
2.2. Segmental Outlook
2.3. Competitive Outlook
CHAPTER 3. GCC METAL FORGING MARKET VARIABLES, TRENDS & SCOPE
3.1. GCC Metal forging Market Outlook
3.2. Industry Value Chain Analysis
3.3. Raw Material Overview
3.4. Average Price Trend Analysis
3.5. Supply-Demand GAP Analysis, 2024
3.6. Regulatory Framework
3.6.1. Policies and Incentive Plans
3.6.2. Standards and Compliances
3.6.3. Regulatory Impact Analysis
3.7. Market Dynamics
3.7.1. Market Driver Analysis
3.7.2. Market Restraint Analysis
3.7.3. Industry Challenges
3.8. Porter’s Five Forces Analysis
3.8.1. Supplier Power
3.8.2. Buyer Power
3.8.3. Substitution Threat
3.8.4. Threat from New Entrant
3.8.5. Competitive Rivalry
3.9. PESTEL Analysis
3.9.1. Political Landscape
3.9.2. Economic Landscape
3.9.3. Social Landscape
3.9.4. Technological Landscape
3.9.5. Environmental Landscape
3.9.6. Legal Landscape
CHAPTER 4. GCC METAL FORGING MARKET: RAW MATERIAL OUTLOOK ESTIMATES & FORECASTS
4.1. Metal Forging Market: Raw Material Movement Analysis, 2024 & 2030
4.1.1. Carbon Steel
4.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
4.1.2. Alloy Steel
4.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
4.1.3. Aluminum
4.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
4.1.4. Magnesium
4.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
4.1.5. Stainless Steel
4.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
4.1.6. Titanium
4.1.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
4.1.7. Others
4.1.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
CHAPTER 5. GCC METAL FORGING MARKET: APPLICATION OUTLOOK ESTIMATES & FORECASTS
5.1. Metal Forging Market: Application Movement Analysis, 2024 & 2030
5.1.1. Automotive
5.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
5.1.2. Transportation
5.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
5.1.3. Aerospace
5.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
5.1.4. Oil & Gas
5.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
5.1.5. Construction
5.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
5.1.6. Agriculture
5.1.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
5.1.7. Power Generation
5.1.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
5.1.8. Marine
5.1.8.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
5.1.9. Others
5.1.9.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
CHAPTER 6. GCC METAL FORGING MARKET COUNTRY OUTLOOK ESTIMATES & FORECASTS
6.1. Regional Snapshot
6.2. Metal Forging Market: Country Movement Analysis, 2024 & 2030
6.3. Kuwait
6.3.1. Market estimates and forecast, by raw material, 2018 - 2030 (USD Million) (Kilotons)
6.3.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
6.4. Saudi Arabia
6.4.1. Market estimates and forecast, by raw material, 2018 - 2030 (USD Million) (Kilotons)
6.4.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
6.5. Oman
6.5.1. Market estimates and forecast, by raw material, 2018 - 2030 (USD Million) (Kilotons)
6.5.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
6.6. Bahrain
6.6.1. Market estimates and forecast, by raw material, 2018 - 2030 (USD Million) (Kilotons)
6.6.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
6.7. UAE
6.7.1. Market estimates and forecast, by raw material, 2018 - 2030 (USD Million) (Kilotons)
6.7.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
6.8. Qatar
6.8.1. Market estimates and forecast, by raw material, 2018 - 2030 (USD Million) (Kilotons)
6.8.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
CHAPTER 7. COMPETITIVE LANDSCAPE
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Vendor Landscape
7.2.1. Company categorization
7.2.2. List of Key Distributors and Channel Partners
7.2.3. List of Potential Customers/End Users
7.3. Competitive Dynamics
7.3.1. Competitive Benchmarking
7.3.2. Strategy Mapping
7.3.3. Heat Map Analysis
7.4. Company Profiles/Listing
7.4.1. AL NASR FORGING
7.4.1.1. Participant’s overview
7.4.1.2. Financial performance
7.4.1.3. Raw material benchmarking
7.4.1.4. Strategic initiatives
7.4.2. Dongguan Songshun Mould Steel Co., LTD
7.4.2.1. Participant’s overview
7.4.2.2. Financial performance
7.4.2.3. Raw material benchmarking
7.4.2.4. Strategic initiatives
7.4.3. Doosan Corporation
7.4.3.1. Participant’s overview
7.4.3.2. Financial performance
7.4.3.3. Raw material benchmarking
7.4.3.4. Strategic initiatives
7.4.4. FTV Proclad LLC
7.4.4.1. Participant’s overview
7.4.4.2. Financial performance
7.4.4.3. Raw material benchmarking
7.4.4.4. Strategic initiatives
7.4.5. FUCHS Group
7.4.5.1. Participant’s overview
7.4.5.2. Financial performance
7.4.5.3. Raw material benchmarking
7.4.5.4. Strategic initiatives
7.4.6. Galperti Group
7.4.6.1. Participant’s overview
7.4.6.2. Financial performance
7.4.6.3. Raw material benchmarking
7.4.6.4. Strategic initiatives
7.4.7. Precision Forgings Factory
7.4.7.1. Participant’s overview
7.4.7.2. Financial performance
7.4.7.3. Raw material benchmarking
7.4.7.4. Strategic initiatives
7.4.8. Precision Metal Industries FZC
7.4.8.1. Participant’s overview
7.4.8.2. Financial performance
7.4.8.3. Raw material benchmarking
7.4.8.4. Strategic initiatives
7.4.9. Steel Forgings Gulf
7.4.9.1. Participant’s overview
7.4.9.2. Financial performance
7.4.9.3. Raw material benchmarking
7.4.9.4. Strategic initiatives
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Insights
2.2. Segmental Outlook
2.3. Competitive Outlook
CHAPTER 3. GCC METAL FORGING MARKET VARIABLES, TRENDS & SCOPE
3.1. GCC Metal forging Market Outlook
3.2. Industry Value Chain Analysis
3.3. Raw Material Overview
3.4. Average Price Trend Analysis
3.5. Supply-Demand GAP Analysis, 2024
3.6. Regulatory Framework
3.6.1. Policies and Incentive Plans
3.6.2. Standards and Compliances
3.6.3. Regulatory Impact Analysis
3.7. Market Dynamics
3.7.1. Market Driver Analysis
3.7.2. Market Restraint Analysis
3.7.3. Industry Challenges
3.8. Porter’s Five Forces Analysis
3.8.1. Supplier Power
3.8.2. Buyer Power
3.8.3. Substitution Threat
3.8.4. Threat from New Entrant
3.8.5. Competitive Rivalry
3.9. PESTEL Analysis
3.9.1. Political Landscape
3.9.2. Economic Landscape
3.9.3. Social Landscape
3.9.4. Technological Landscape
3.9.5. Environmental Landscape
3.9.6. Legal Landscape
CHAPTER 4. GCC METAL FORGING MARKET: RAW MATERIAL OUTLOOK ESTIMATES & FORECASTS
4.1. Metal Forging Market: Raw Material Movement Analysis, 2024 & 2030
4.1.1. Carbon Steel
4.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
4.1.2. Alloy Steel
4.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
4.1.3. Aluminum
4.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
4.1.4. Magnesium
4.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
4.1.5. Stainless Steel
4.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
4.1.6. Titanium
4.1.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
4.1.7. Others
4.1.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
CHAPTER 5. GCC METAL FORGING MARKET: APPLICATION OUTLOOK ESTIMATES & FORECASTS
5.1. Metal Forging Market: Application Movement Analysis, 2024 & 2030
5.1.1. Automotive
5.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
5.1.2. Transportation
5.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
5.1.3. Aerospace
5.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
5.1.4. Oil & Gas
5.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
5.1.5. Construction
5.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
5.1.6. Agriculture
5.1.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
5.1.7. Power Generation
5.1.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
5.1.8. Marine
5.1.8.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
5.1.9. Others
5.1.9.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
CHAPTER 6. GCC METAL FORGING MARKET COUNTRY OUTLOOK ESTIMATES & FORECASTS
6.1. Regional Snapshot
6.2. Metal Forging Market: Country Movement Analysis, 2024 & 2030
6.3. Kuwait
6.3.1. Market estimates and forecast, by raw material, 2018 - 2030 (USD Million) (Kilotons)
6.3.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
6.4. Saudi Arabia
6.4.1. Market estimates and forecast, by raw material, 2018 - 2030 (USD Million) (Kilotons)
6.4.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
6.5. Oman
6.5.1. Market estimates and forecast, by raw material, 2018 - 2030 (USD Million) (Kilotons)
6.5.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
6.6. Bahrain
6.6.1. Market estimates and forecast, by raw material, 2018 - 2030 (USD Million) (Kilotons)
6.6.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
6.7. UAE
6.7.1. Market estimates and forecast, by raw material, 2018 - 2030 (USD Million) (Kilotons)
6.7.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
6.8. Qatar
6.8.1. Market estimates and forecast, by raw material, 2018 - 2030 (USD Million) (Kilotons)
6.8.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
CHAPTER 7. COMPETITIVE LANDSCAPE
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Vendor Landscape
7.2.1. Company categorization
7.2.2. List of Key Distributors and Channel Partners
7.2.3. List of Potential Customers/End Users
7.3. Competitive Dynamics
7.3.1. Competitive Benchmarking
7.3.2. Strategy Mapping
7.3.3. Heat Map Analysis
7.4. Company Profiles/Listing
7.4.1. AL NASR FORGING
7.4.1.1. Participant’s overview
7.4.1.2. Financial performance
7.4.1.3. Raw material benchmarking
7.4.1.4. Strategic initiatives
7.4.2. Dongguan Songshun Mould Steel Co., LTD
7.4.2.1. Participant’s overview
7.4.2.2. Financial performance
7.4.2.3. Raw material benchmarking
7.4.2.4. Strategic initiatives
7.4.3. Doosan Corporation
7.4.3.1. Participant’s overview
7.4.3.2. Financial performance
7.4.3.3. Raw material benchmarking
7.4.3.4. Strategic initiatives
7.4.4. FTV Proclad LLC
7.4.4.1. Participant’s overview
7.4.4.2. Financial performance
7.4.4.3. Raw material benchmarking
7.4.4.4. Strategic initiatives
7.4.5. FUCHS Group
7.4.5.1. Participant’s overview
7.4.5.2. Financial performance
7.4.5.3. Raw material benchmarking
7.4.5.4. Strategic initiatives
7.4.6. Galperti Group
7.4.6.1. Participant’s overview
7.4.6.2. Financial performance
7.4.6.3. Raw material benchmarking
7.4.6.4. Strategic initiatives
7.4.7. Precision Forgings Factory
7.4.7.1. Participant’s overview
7.4.7.2. Financial performance
7.4.7.3. Raw material benchmarking
7.4.7.4. Strategic initiatives
7.4.8. Precision Metal Industries FZC
7.4.8.1. Participant’s overview
7.4.8.2. Financial performance
7.4.8.3. Raw material benchmarking
7.4.8.4. Strategic initiatives
7.4.9. Steel Forgings Gulf
7.4.9.1. Participant’s overview
7.4.9.2. Financial performance
7.4.9.3. Raw material benchmarking
7.4.9.4. Strategic initiatives
