In 2023, the sales of Hot Impression Die Impact Press and Upset Steel Forgings in the US stood at a lower value compared to the forecasted figures starting from 2024. The forecasted sales show a steady upward trend, with each year seeing a minimal increase in value from 2024 through 2028, highlighting a stable growth trajectory.

Year-on-year, the projected increase is consistently modest, signaling a positive but gradual market evolution. The compound annual growth rate (CAGR) over the five-year period leading to 2028 indicates a sustained, incremental growth that aligns with moderate market expansion.

Future trends to watch for:

Increasing demand in sectors such as automotive and aerospace, which heavily utilize steel forgings.
Technological innovations improving forging efficiency and cost-effectiveness.
Potential supply chain disruptions impacting raw material availability.