Product Code: ETC5376558 | Publication Date: Nov 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Ethiopia Metal Forging Market is projected to witness mixed growth rate patterns during 2025 to 2029. From 11.91% in 2025, the growth rate steadily ascends to 13.59% in 2029.
Metal forging is gaining importance in Ethiopia as industries require durable and high-strength components for machinery and infrastructure. The expansion of the manufacturing sector is a significant driver for the market.
The metal forging market in Ethiopia is expanding as the demand for high-strength metal components used in automotive, aerospace, and heavy machinery increases. Forging is a critical process used to produce durable and high-performance parts that are essential in industries requiring precision and strength. As Ethiopias manufacturing sector grows, the need for metal forging services, particularly for parts used in vehicles, machinery, and infrastructure, is increasing. The growth of Ethiopias automotive industry and ongoing industrial projects are key factors driving the demand for forged metal products in the country.
The Ethiopia metal forging market is expanding due to the increasing demand for high-strength components in industries like construction, automotive, and agriculture. The focus on local manufacturing capabilities further supports market growth.
To strengthen the industrial base, Ethiopia supports the metal forging industry through tax incentives for machinery imports, workforce training programs, and investment in energy-efficient technologies to reduce production costs.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Ethiopia Metal Forging Market Overview |
3.1 Ethiopia Country Macro Economic Indicators |
3.2 Ethiopia Metal Forging Market Revenues & Volume, 2021 & 2031F |
3.3 Ethiopia Metal Forging Market - Industry Life Cycle |
3.4 Ethiopia Metal Forging Market - Porter's Five Forces |
3.5 Ethiopia Metal Forging Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Ethiopia Metal Forging Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Ethiopia Metal Forging Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Ethiopia Metal Forging Market Trends |
6 Ethiopia Metal Forging Market Segmentations |
6.1 Ethiopia Metal Forging Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Ethiopia Metal Forging Market Revenues & Volume, By Carbon Steel, 2021-2031F |
6.1.3 Ethiopia Metal Forging Market Revenues & Volume, By Alloy steel, 2021-2031F |
6.1.4 Ethiopia Metal Forging Market Revenues & Volume, By Aluminum, 2021-2031F |
6.1.5 Ethiopia Metal Forging Market Revenues & Volume, By Magnesium, 2021-2031F |
6.1.6 Ethiopia Metal Forging Market Revenues & Volume, By Stainless Steel, 2021-2031F |
6.1.7 Ethiopia Metal Forging Market Revenues & Volume, By Titanium, 2021-2031F |
6.2 Ethiopia Metal Forging Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Ethiopia Metal Forging Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Ethiopia Metal Forging Market Revenues & Volume, By Aerospace, 2021-2031F |
6.2.4 Ethiopia Metal Forging Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.2.5 Ethiopia Metal Forging Market Revenues & Volume, By Construction, 2021-2031F |
6.2.6 Ethiopia Metal Forging Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2.7 Ethiopia Metal Forging Market Revenues & Volume, By Others, 2021-2031F |
7 Ethiopia Metal Forging Market Import-Export Trade Statistics |
7.1 Ethiopia Metal Forging Market Export to Major Countries |
7.2 Ethiopia Metal Forging Market Imports from Major Countries |
8 Ethiopia Metal Forging Market Key Performance Indicators |
9 Ethiopia Metal Forging Market - Opportunity Assessment |
9.1 Ethiopia Metal Forging Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Ethiopia Metal Forging Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Ethiopia Metal Forging Market - Competitive Landscape |
10.1 Ethiopia Metal Forging Market Revenue Share, By Companies, 2024 |
10.2 Ethiopia Metal Forging Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |