In 2023, the sold production of open die forged ferrous parts for transmission shafts, camshafts, crankshafts, and cranks in the UK was 50.0 million euros. Forecast data from 2024 to 2028 indicates a steady decline, starting at 46.557 million euros in 2024, decreasing to 34.034 million euros in 2028. The year-on-year decline is consistent, with percentage decreases approximately as follows: 6.9% from 2024 to 2025, 7.3% from 2025 to 2026, 7.7% from 2026 to 2027, and 8.2% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is approximately -7.2%.
Future trends to watch for include potential shifts in automotive industry demands, technological advancements in forging processes, and economic factors such as tariffs or trade agreements impacting production costs and export competitiveness. Additionally, there might be opportunities for innovation in materials or processes to address these declining trends.
