Market Outlook: Drop Forging Industry Forecasted to Grow at 4.7% CAGR Through 2032
Global drop forging market continues to demonstrate steady expansion, with its valuation reaching USD 214 million in 2023. Industry projections indicate the market will maintain a 4.50% CAGR, driving the sector to approximately USD 318.02 million by 2032. This growth trajectory stems from robust demand across automotive, aerospace, and industrial machinery applications, particularly in markets prioritizing high-strength metal components.
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