Saudi Arabia Metal Forging Market Size Analysis Report - Market Share, Forecast Trends and Outlook (2025-2034)

Saudi Arabia Metal Forging Market Overview

The Saudi Arabia metal forging industry is being modernized, propelled by Vision 2030's emphasis on industrial self-reliance and defense production. Recent advancements involve collaborations with foreign companies to set up precision forging facilities for aerospace and oilfield gear. Domestic companies are implementing CNC-controlled forging machines and automated heat treatment systems to enhance efficiency, thus boosting the Saudi Arabia metal forging market growth. In addition, government-sponsored industrial parks such as MODON are providing incentives for forging startups, while the Public Investment Fund (PIF) is sponsoring localized metal processing to mitigate import dependence and enhance supply chains.

Saudi Arabia Metal Forging Market Drivers

Defense Sector Localization Spurs Forging Technology Investments

Saudi Arabia Military Industries (SAMI) is actively investing in forging facilities to aid in local production of components used in the military. In 2024, it collaborated with domestic manufacturers to make high-strength forged components for armored vehicles. This drive for defense localization is creating new opportunities for B2B suppliers of metallurgy and forging machinery, particularly those providing precision, high-strength solutions compliant with high defense standards, thus promoting the Saudi Arabia metal forging market expansion.

Green Hydrogen Projects Creating Demand for Custom Forged Components

As Saudi Arabia expands its green hydrogen plans, organizations such as NEOM and ACWA Power need large, forged components for hydrogen storage tanks and pipeline facilities. Forging companies are partnering with energy EPC contractors to provide corrosion-resistant alloy components. This energy shift is creating new application paths for high-performance metal forging solutions, particularly in non-traditional industries such as renewables and hydrogen infrastructure.

Trends in the Saudi Arabia Metal Forging Market

Precision Forging Gains Momentum Across Industrial Sectors

There is increasing demand for precision-forged parts in the automotive, aerospace, and energy industries. Precision forging covered more than 25% of the demand for forged metal in the nation in 2023. Precision-forged parts provide better dimensional accuracy, less material waste, and less post-processing time compared to other types of parts, which are the best for B2B customers requiring cost-effective and high-strength solutions for intricate engineering applications, thus shaping new trends in the Saudi Arabia metal forging market.

Shift Toward Advanced Alloys and Lightweight Materials

Saudi firms are increasingly using aluminum, magnesium, and titanium alloys for forged components to minimize weight without sacrificing durability. The trend is most apparent in aerospace and EV production industries. Between 2022 and 2024, the use of lightweight alloys in forging increased by almost 18% as a result of energy-efficient designs and international standards compliance in transport and defense.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Saudi Arabia Metal Forging Industry Segmentation

Saudi Arabia Metal Forging Market Share

Alloy Steel Dominates Forging Input

Alloy steel is the most used raw material in Saudi Arabia's forging industry because of its toughness, resistance to wear, and cost-effectiveness. As per Saudi Arabia metal forging market analysis, it has widespread applications in oil and gas equipment, engineering machinery, and construction components. On the other hand, applications for aluminum and titanium are on the rise in aerospace and transportation industries, and stainless steel in corrosive conditions such as desalination plants and offshore drilling.

Oil and Gas Sector Drives Forging Demand

Oil and gas is the leading application sector, with the majority of the forged component applications being in the form of drill bits, valves, flanges, and subsea equipment. According to the Saudi Arabia metal forging market analysis, aerospace is gaining rapidly due to localization requirements, while construction and agriculture contribute modestly through demands for forged fasteners, machine components, and structural supports.

Competitive Landscape

Other key players in the report include FUCHS Group, Galperti Group, Precision Forgings Factory, Precision Metal Industries FZC, and Steel Forgings Gulf, among others.

Recent Developments

April 2025

SMS Group announced it would supply two high-speed forging presses to Saudi Arabia’s largest casting and forging plant. The presses will enhance productivity, precision, and energy efficiency, supporting the kingdom’s industrial localization under Vision 2030.

January 2025

Vale and Saudi Arabia signed an agreement to establish a green megahub. This project aims to create a sustainable, low-carbon supply chain for mineral processing and support the Kingdom's energy transition and economic diversification efforts.

July 2024

Emirates Steel and Eversendai signed a strategic partnership to enhance their structural steel and fabrication capabilities in Saudi Arabia, aiming to support Vision 2030 infrastructure projects and expand market presence in the Kingdom.

March 2022

Doosan Heavy Industries and Aramco commenced construction of an USD 834 million forging and casting facility in Saudi Arabia. The project supports Vision 2030, aiming to boost local manufacturing in energy, shipbuilding, and heavy industrial sectors.

Market Outlook: 2025-2034

The market for Metal Forging in Saudi Arabia is expected to attain USD 1146.77 Million by 2034. The market is poised to grow steadily as convenience, health-consciousness, and cultural authenticity fuel innovation. With more investments in digital procurement, cold chain growth, and nutrient fortification, retailer, caterer, and institutional kitchen B2B demand will power market development over the next few years.

Why This Report?

The Saudi Arabia Metal Forging Market Report and Forecast 2025-2034 offers a comprehensive analysis, delivering crucial insights into:

• Market size, share, and growth projections with detailed segmentation by product type, forging method, application, and end-use industry. It highlights dominant regions such as Riyadh and Eastern Province, while capturing the influence of industrial expansion and infrastructure development.
• SWOT and Porter’s Five Forces analyses evaluate market competitiveness, supply chain dynamics, local sourcing challenges, and opportunities for product innovation and strategic partnerships within Saudi Arabia’s Metal Forging ecosystem.
• The report closely examines demand trends, focusing on automotive, aerospace, and energy sectors. It also addresses the rising focus on quality, technological advancements, and government incentives for industrial growth.
• Actionable recommendations guide manufacturers, suppliers, and investors in expanding production capacity, integrating automation technologies, and exploring new market segments.

This report equips industry players, policymakers, and investors with strategic intelligence to harness emerging opportunities, optimize manufacturing processes, and strengthen their market position in Saudi Arabia's metal forging sector.