How big is the forging industry?
2000-04-08 A Forging & Machining Company Read
The forging industry is composed of those plants that;
a) make parts to order for customers (referred to as custom forgings);
b) make parts for their own company's internal use (referred to as captive forgings); or
c) make standard parts for resale (referred to as catalog forgings).
The largest sector - custom forging - accounts for over $6 billion dollars in sales annually. These custom forgings are produced by about 250 forging companies in approximately 300 plants across the U.S., Canada and Mexico.