Saudi Arabia Forging Market Overview

Market Size in 2025: USD 116.3 Million

Market Forecast in 2034: USD 173.6 Million

Market Growth Rate 2026-2034: 4.55%

According to IMARC Group's latest research publication, "Saudi Arabia Forging Market Size, Share, Trends and Forecast by Type, Product, End Use Industry, and Region, 2026-2034", the Saudi Arabia forging market size reached USD 116.3 Million in 2025. Looking forward, IMARC Group expects the market to reach USD 173.6 Million by 2034 exhibiting a growth rate (CAGR) of 4.55% during 2026-2034.

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How AI is Reshaping the Future of Saudi Arabia Forging Market

• AI-powered process optimization adjusts forging temperature, pressure, and die movement in real-time, reducing material waste by up to 15% while maintaining structural integrity in high-strength components for Saudi industries.
• Computer vision technology detects surface defects and dimensional inaccuracies three times faster than manual inspection in forging plants, ensuring quality control compliance and meeting strict automotive and oil & gas standards.
• Machine learning systems predict equipment failures and schedule predictive maintenance, cutting unplanned downtime by 30% and keeping production lines running smoothly in major manufacturing facilities.
• Saudi Arabia's Ministry of Industry program to digitize and automate 4,000 factories is driving adoption of smart manufacturing solutions across the forging sector, boosting efficiency nationwide.
• AI-driven simulation platforms virtually test forging parameters under extreme loads and temperatures, accelerating R&D for customized parts suited to desert conditions and Vision 2030 projects.

Saudi Arabia Forging Market Trends & Drivers:

Saudi Arabia's forging market is buzzing right now thanks to Vision 2030's big push on industrial localization and manufacturing growth, which has slashed import dependency through strict incentives for domestic production. This shift has forging stepping up as the go-to metal forming solution, with the market hitting USD 116.3 million in value and grabbing a significant regional share, driven by mega-projects like NEOM, Red Sea, and automotive component manufacturing that require high-strength parts non-stop. OEMs and fabricators are swapping cast parts for forged components, especially in closed-die processes—reports show over 60% of new production now prioritizes precision forging to match quality standards. Oil & gas and construction sectors, exploding with urban demand, use durable forged parts that perform sharp and last long, cutting maintenance while boosting safety. It's a real win for everyone, as companies innovate with lightweight alloys to stay ahead in this fast-moving scene.

The industrial boom across Jubail, Yanbu, and beyond is fueling forging demand like crazy, with thousands of new manufacturing units popping up to cater to growing sectors. Automotive and energy industries rely on these components for critical parts, where advanced designs hold up to 20% better strength than older versions, per supplier tests. Stats show the closed die forging segment leading, tied to a high localization rate that's packing facilities with precision components. Brands are jumping in with custom dies and automation tech, making forging a productivity tool that feels premium yet practical. Government programs order millions in implementations annually, proving how this trend ties everyday manufacturing to the Kingdom's growth without the failure guilt.

Urbanization and industrial diversification are supercharging the market, as more facilities expect high-performance parts that support sustainable practices. Government schemes under Vision 2030 back this with infrastructure investments, helping open die and rolled ring forging gain traction—over 50% of manufacturers now stock them exclusively. Real-world apps shine in oil & gas and construction hubs, where forged parts handle 30% more stress without cracks, cutting operational headaches. International players are rolling out localized production, keeping costs down and quality up for events that draw millions. It's all about that seamless blend of strength, compliance, and cool designs that make forging the unsung hero of Saudi's industrial lifestyle.

Saudi Arabia Forging Industry Segmentation:

The report has segmented the market into the following categories:

Type Insights:

• Closed Die Forging
• Open Die Forging
• Rolled Ring Forging

Product Insights:

• Forged Steel
• Forged Aluminum
• Forged Copper
• Others

End Use Industry Insights:

• Automotive
• Aerospace and Defense
• Oil and Gas
• Construction
• Others

Regional Insights:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent News and Developments in Saudi Arabia Forging Market

• February 2025: Saudi Steel Pipe Company awarded a SAR 910 million deal to supply forged and galvanized LSAW pipes for Saudi Aramco's Carbon Capture and Storage facility in Jubail.
• July 2024: Baosteel announced doubling its investment to USD 1 Billion in a joint venture with Saudi Aramco and the Public Investment Fund to establish a steel plate complex including forging capabilities.
• Ongoing 2025: Increased focus on forged components in infrastructure and energy projects under Vision 2030, with expansions supporting higher domestic production.

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