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2025 U.S. Industry Statistics & Market Forecast - Iron and Steel Forging
Market Size & Industry Statistics
The total U.S. industry market size for Iron and Steel Forging:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Iron and Steel Forging industry include:- Increased automation and robotics
- Rising energy costs
- Shift towards sustainable and green production methods
- Global supply chain complexities
- Growing demand from developing markets
- Fluctuating raw material prices
- Technological advancements in production techniques
- Increased use of recycled materials
- Stringent environmental regulations
- Consolidation in the industry
- Rising labor costs
- Increase in bespoke and specialty forging
- Expansion of aerospace and automotive applications
- Impact of trade policies and tariffs
- Adoption of additive manufacturing (3D printing)
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Iron and Steel Forging company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Iron and Steel Forging industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Iron and Steel Forging measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 6% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 3% | |||
| Office and Administrative Support Occupations | 9% | |||
| Production Occupations | 59% | |||
| Assemblers and Fabricators | 11% | |||
| Miscellaneous Assemblers and Fabricators | 8% | |||
| Metal Workers and Plastic Workers | 29% | |||
| Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic | 7% | |||
| Machinists | 8% | |||
| Machinists | 8% | |||
| Welding, Soldering, and Brazing Workers | 8% | |||
| Welders, Cutters, Solderers, and Brazers | 8% | |||
| Other Production Occupations | 14% | |||
| Computer Numerically Controlled Tool Operators and Programmers | 5% | |||
| Transportation and Material Moving Occupations | 6% | |||
Iron and Steel Forging Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Iron and Steel Forging industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Iron and Steel Forging industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Iron and Steel Forging industry. |
Source:
Latest Industry News
- Ping unveils iDi driving irons with InR-Air insert and forged face for sound and control - Ping’s new iDi driving irons combine speed, control and feel with an internal InR-Air insert and compact shaping. (07/08/2025)
- Charm Unveiled | Zunhua Iron Painting: Molding Iron into Ink, Painting Life with Steel - In Zunhua, north China's Hebei Province, skilled artisans transform cold iron into vivid works of art. With hammer and flame, they craft figures, landscapes, flowers, birds, and insects -- forging scenes that blend the elegance of traditional Chinese painting with the striking depth of sculpture. (07/08/2025)
- Callaway brings back X Forged irons with new models for purists and players seeking feel - Callaway revives the X Forged name with two new one-piece, forged irons designed for elite ballstrikers and golfers who demand feel. (07/07/2025)
- Callaway's mysterious new X Forged irons are finally coming to U.S. market - So, after picking up steam in Asia and overseas, and with players such as the Højgaards and Lee creating even more intrigue in America, Callaway finally started to offer the new X Forged irons more broadly on the PGA TOUR at the 2025 Memorial Tournament. (07/07/2025)
- Callaway 2025 X Forged irons: What you need to know - What you need to know: Gearheads are very familiar with the name X Forged. Introduced in 2007, Callaway's cavity-back model was immediately adopted on tour and earned a spot in Phil Mickelson's bag. Recreational golfers took note of the usage trend and followed suit when the iron eventually made its way to retail. (07/07/2025)
- Callaway X Forged and X Forged Max irons | 5 things to know - Callaway is launching its new X Forged and X Forged Max irons, restarting an iconic line for the company. Here are five things to know. (07/07/2025)
- How to Make a Nakiri Knife from WOOTZ Steel Using Iron Powder? - Explore the ancient art of knife making as we craft a traditional Japanese Nakiri knife from WOOTZ steel, made entirely from raw iron powder. Renowned for its strength, sharpness, and signature swirling patterns, (07/05/2025)
- Shop the summer’s 10 best-selling golf clubs - Explore Fairway Jockey’s top 10 best-selling golf clubs from June and find the perfect equipment to have your best season yet. (07/03/2025)
- Forging a LEGENDARY Zulu Spear by Hand (Damascus Build) - Will Stelter embarks on the ambitious task of forging a Zulu Ikwla spear, an iconic close-quarter weapon, infused with his unique Damascus steel patterning on the blade and a wrought iron integral handle. (06/28/2025)
- Forging success: Quality Chrome is strengthening India's industrial backbone - The ferro alloy specialist and category winner at the ET MSME Awards 2024 is transforming MSME supply chains with quality commitment and equitable partnerships (06/25/2025)
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