Meticulous Research®, a leading global market research company, has released a report titled “Metal Forging Market by Method (Closed Die Forging, Open Die Forging, Cold Forging, Roll Forging), Material (Steel, Aluminum, Titanium), End-use Industry (Automotive, Oil & Gas, Construction), and Geography—Global Forecast to 2031.” The metal forging market is projected to reach $153.9 billion by 2031, with a CAGR of 7.4% from 2024 to 2031. Growth in this market is driven by rising infrastructure development and increasing production of commercial aircraft, although challenges such as high energy consumption and fluctuating raw material costs may hinder progress. Additionally, the adoption of Industry 4.0 technologies and advancements in forging techniques present significant growth opportunities. The market is segmented by method—including closed die forging, open die forging, cold forging, and roll forging—with the open die forging segment expected to dominate, accounting for over 49.0% of the market in 2024, due to its versatility in producing a wide range of shapes and sizes, catering to diverse industries like aerospace, automotive, oil and gas, and construction. This method also allows manufacturers to adapt production volumes efficiently, meeting varying market demands without substantial retooling costs.