In 2023, the nonferrous forging sales in the US amounted to a baseline value yet to be indicated based on historical data. From 2024 to 2028, forecasted values show a steady increment from 3.1436 billion USD to 3.2422 billion USD. Year-on-year growth rates from 2024 to 2028 demonstrate a consistent annual increase of circa 0.8% in USD sales. Over the five-year forecast, the compounded annual growth rate (CAGR) is approximately 0.8%, reflecting a stable outlook for the sector.

Future trends to watch for:

Growth in demand for lightweight nonferrous materials in automotive and aerospace sectors.
Technological advancements improving forging processes and efficiency.
Increased focus on sustainable and eco-friendly materials boosting nonferrous metal usage.