Forecast: Turnover in Forging, Pressing, Stamping and Roll-Forming of Metal; Powder Metallurgy Sector in the UK

In 2023, the turnover in the forging, pressing, stamping and roll-forming of metal; powder metallurgy sector in the UK stood at 2.3 billion pounds. Forecast data for 2024 to 2028 indicates a stable outlook, with minimal fluctuations. Values remain consistently at 2.3 billion pounds until 2027, where a slight decline to 2.29 billion pounds is forecasted for both 2027 and 2028. This nominal decrease reflects a negligible negative growth trend within the sector. Considering the average annual change over five years, the compound annual growth rate (CAGR) suggests the sector remains relatively flat, essentially witnessing no substantial growth or decline.

Future trends to watch for include:

  • Technological advancements, which may improve production efficiency and reduce costs, potentially stimulating sector growth.
  • Environmental regulations which might alter production methods and increase operational costs, influencing profitability.
  • Economic factors such as Brexit implications and global market demands impacting trade and sector resilience.

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