This report provides a comprehensive analysis of the global castings and forgings for shipbuilding market, forecasting growth and key trends through 2032. It examines essential components used in cargo and passenger vessels, focusing on the high-strength and corrosion-resistant properties required for marine environments. The study evaluates market dynamics across major regions, including the United States, China, and Europe, while profiling leading industry players. Detailed segmentation by product type and application offers strategic insights into emerging opportunities and competitive landscapes.

Market Overview

The global Castings and Forgings for Shipbuilding market is projected to experience significant growth from 2025 through 2032, expanding at a steady compound annual growth rate over the forecast period.

Industry Definition

Castings and forgings for shipbuilding refer to the cast and forged components used in the construction of ships. These parts must possess high strength, durability, and corrosion resistance to withstand the harsh conditions of the marine environment.

• Castings: Metal parts created by pouring molten metal into a mold and allowing it to cool and solidify into the desired shape. They are commonly used for components that require complex shapes or need to be wear-resistant and corrosion-resistant.
• Forgings: Metal parts created by applying pressure to deform the metal, enhancing its physical properties. Forgings are typically used for components that require high strength and toughness.

Regional Market Analysis

Global Outlook

The global market is anticipated to undergo sustained expansion between 2025 and 2032.

United States

The United States market for Castings and Forgings for Shipbuilding is estimated to increase from 2025 through 2032, growing at a consistent compound annual growth rate.

China

The China market for Castings and Forgings for Shipbuilding is estimated to increase from 2025 through 2032, growing at a consistent compound annual growth rate.

Europe

The Europe market for Castings and Forgings for Shipbuilding is estimated to increase from 2025 through 2032, growing at a consistent compound annual growth rate.

Market Segmentation

By Type

• Forgings
• Castings

By Application

• Cargo Vessel
• Passenger Vessel

By Region

• Americas: United States, Canada, Mexico, Brazil
• APAC: China, Japan, Korea, Southeast Asia, India, Australia
• Europe: Germany, France, UK, Italy, Russia
• Middle East & Africa: Egypt, South Africa, Israel, Turkey, GCC Countries

Competitive Landscape

Key Market Dynamics

In terms of revenue, the global two largest companies occupied a significant portion of the market share in 2025. The industry is characterized by an accelerating global market with evolving trends in product segmentation, company formation, revenue, market share, latest developments, and M&A activity.

Key Players

The following companies have been profiled based on inputs gathered from primary experts and an analysis of their coverage, product portfolio, and market penetration:

• Doosan Enerbility
• China First Heavy Industries
• KOBE STEEL
• Somers Forg
• LeClaire Manufacturing
• Taiyuan Heavy Industry
• Sinomach Heavy Equipment
• Shanghai Electric SHMP Casting & Forging
• Tongyu Heavy Industry
• CIC Luoyang Heavy Machinery
• Hong Da Heavy Industry
• Shigang Jingcheng Equipment
• Dalian Heavy Industry

About the Report

LPI (LP Information)' newest research report, the “Castings and Forgings for Shipbuilding Industry Forecast,” reviews total world Castings and Forgings for Shipbuilding sales in 2025 and provides a comprehensive analysis by region and market sector of projected sales for 2026 through 2032. With sales broken down by region, market sector, and sub-sector, this report provides a detailed analysis in US$ millions of the world Castings and Forgings for Shipbuilding industry.

This Insight Report provides:

• A comprehensive analysis of the global landscape, highlighting key trends related to product segmentation, company formation, revenue, market share, latest developments, and M&A activity.
• An analysis of the strategies of leading global companies, focusing on their Castings and Forgings for Shipbuilding portfolios and capabilities, market entry strategies, market positions, and geographic footprints.
• An evaluation of key market trends, drivers, and affecting factors shaping the global outlook.
• A breakdown of the forecast by Type, Application, geography, and market size to highlight emerging pockets of opportunity.
• A highly nuanced view of the current state and future trajectory of the global market, utilizing a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs.

• 1 Scope of the Report

  • 1.1 Market Introduction

  • 1.2 Years Considered

  • 1.3 Research Objectives

  • 1.4 Market Research Methodology

  • 1.5 Research Process and Data Source

  • 1.6 Economic Indicators

  • 1.7 Currency Considered

  • 1.8 Market Estimation Caveats

• 2 Executive Summary

  • 2.1 World Market Overview

    • 2.1.1 Global Castings and Forgings for Shipbuilding Market Size (2021-2032)

    • 2.1.2 Castings and Forgings for Shipbuilding Market Size CAGR by Region (2021 VS 2025 VS 2032)

    • 2.1.3 World Current & Future Analysis for Castings and Forgings for Shipbuilding by Country/Region (2021, 2025 & 2032)

  • 2.2 Castings and Forgings for Shipbuilding Segment by Type

    • 2.2.1 Forgings

    • 2.2.2 Castings

    • 2.2.3 Castings and Forgings for Shipbuilding Market Size by Type

      • 2.2.3.1 Castings and Forgings for Shipbuilding Market Size CAGR by Type (2021 VS 2025 VS 2032)
      • 2.2.3.2 Global Castings and Forgings for Shipbuilding Market Size Market Share by Type (2021-2026)

  • 2.3 Castings and Forgings for Shipbuilding Segment by Application

    • 2.3.1 Cargo Vessel

    • 2.3.2 Passenger Vessel

    • 2.3.3 Castings and Forgings for Shipbuilding Market Size by Application

      • 2.3.3.1 Castings and Forgings for Shipbuilding Market Size CAGR by Application (2021 VS 2025 VS 2032)
      • 2.3.3.2 Global Castings and Forgings for Shipbuilding Market Size Market Share by Application (2021-2026)

• 3 Castings and Forgings for Shipbuilding Market Size by Player

  • 3.1 Castings and Forgings for Shipbuilding Market Size Market Share by Player

    • 3.1.1 Global Castings and Forgings for Shipbuilding Revenue by Player (2021-2026)

    • 3.1.2 Global Castings and Forgings for Shipbuilding Revenue Market Share by Player (2021-2026)

  • 3.2 Global Castings and Forgings for Shipbuilding Key Players Head office and Products Offered

  • 3.3 Market Concentration Rate Analysis

    • 3.3.1 Competition Landscape Analysis

    • 3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2024-2026)

  • 3.4 New Products and Potential Entrants

  • 3.5 Mergers & Acquisitions, Expansion

• 4 Castings and Forgings for Shipbuilding by Region

  • 4.1 Castings and Forgings for Shipbuilding Market Size by Region (2021-2026)

  • 4.2 Global Castings and Forgings for Shipbuilding Annual Revenue by Country/Region (2021-2026)

  • 4.3 Americas Castings and Forgings for Shipbuilding Market Size Growth (2021-2026)

  • 4.4 APAC Castings and Forgings for Shipbuilding Market Size Growth (2021-2026)

  • 4.5 Europe Castings and Forgings for Shipbuilding Market Size Growth (2021-2026)

  • 4.6 Middle East & Africa Castings and Forgings for Shipbuilding Market Size Growth (2021-2026)

• 5 Americas

  • 5.1 Americas Castings and Forgings for Shipbuilding Market Size by Country (2021-2026)

  • 5.2 Americas Castings and Forgings for Shipbuilding Market Size by Type (2021-2026)

  • 5.3 Americas Castings and Forgings for Shipbuilding Market Size by Application (2021-2026)

  • 5.4 United States

  • 5.5 Canada

  • 5.6 Mexico

  • 5.7 Brazil

• 6 APAC

  • 6.1 APAC Castings and Forgings for Shipbuilding Market Size by Region (2021-2026)

  • 6.2 APAC Castings and Forgings for Shipbuilding Market Size by Type (2021-2026)

  • 6.3 APAC Castings and Forgings for Shipbuilding Market Size by Application (2021-2026)

  • 6.4 China

  • 6.5 Japan

  • 6.6 South Korea

  • 6.7 Southeast Asia

  • 6.8 India

  • 6.9 Australia

• 7 Europe

  • 7.1 Europe Castings and Forgings for Shipbuilding Market Size by Country (2021-2026)

  • 7.2 Europe Castings and Forgings for Shipbuilding Market Size by Type (2021-2026)

  • 7.3 Europe Castings and Forgings for Shipbuilding Market Size by Application (2021-2026)

  • 7.4 Germany

  • 7.5 France

  • 7.6 UK

  • 7.7 Italy

  • 7.8 Russia

• 8 Middle East & Africa

  • 8.1 Middle East & Africa Castings and Forgings for Shipbuilding by Region (2021-2026)

  • 8.2 Middle East & Africa Castings and Forgings for Shipbuilding Market Size by Type (2021-2026)

  • 8.3 Middle East & Africa Castings and Forgings for Shipbuilding Market Size by Application (2021-2026)

  • 8.4 Egypt

  • 8.5 South Africa

  • 8.6 Israel

  • 8.7 Turkey

  • 8.8 GCC Countries

• 9 Market Drivers, Challenges and Trends

  • 9.1 Market Drivers & Growth Opportunities

  • 9.2 Market Challenges & Risks

  • 9.3 Industry Trends

• 10 Global Castings and Forgings for Shipbuilding Market Forecast

  • 10.1 Global Castings and Forgings for Shipbuilding Forecast by Region (2027-2032)

    • 10.1.1 Global Castings and Forgings for Shipbuilding Forecast by Region (2027-2032)

    • 10.1.2 Americas Castings and Forgings for Shipbuilding Forecast

    • 10.1.3 APAC Castings and Forgings for Shipbuilding Forecast

    • 10.1.4 Europe Castings and Forgings for Shipbuilding Forecast

    • 10.1.5 Middle East & Africa Castings and Forgings for Shipbuilding Forecast

  • 10.2 Americas Castings and Forgings for Shipbuilding Forecast by Country (2027-2032)

    • 10.2.1 United States Market Castings and Forgings for Shipbuilding Forecast

    • 10.2.2 Canada Market Castings and Forgings for Shipbuilding Forecast

    • 10.2.3 Mexico Market Castings and Forgings for Shipbuilding Forecast

    • 10.2.4 Brazil Market Castings and Forgings for Shipbuilding Forecast

  • 10.3 APAC Castings and Forgings for Shipbuilding Forecast by Region (2027-2032)

    • 10.3.1 China Castings and Forgings for Shipbuilding Market Forecast

    • 10.3.2 Japan Market Castings and Forgings for Shipbuilding Forecast

    • 10.3.3 Korea Market Castings and Forgings for Shipbuilding Forecast

    • 10.3.4 Southeast Asia Market Castings and Forgings for Shipbuilding Forecast

    • 10.3.5 India Market Castings and Forgings for Shipbuilding Forecast

    • 10.3.6 Australia Market Castings and Forgings for Shipbuilding Forecast

  • 10.4 Europe Castings and Forgings for Shipbuilding Forecast by Country (2027-2032)

    • 10.4.1 Germany Market Castings and Forgings for Shipbuilding Forecast

    • 10.4.2 France Market Castings and Forgings for Shipbuilding Forecast

    • 10.4.3 UK Market Castings and Forgings for Shipbuilding Forecast

    • 10.4.4 Italy Market Castings and Forgings for Shipbuilding Forecast

    • 10.4.5 Russia Market Castings and Forgings for Shipbuilding Forecast

  • 10.5 Middle East & Africa Castings and Forgings for Shipbuilding Forecast by Region (2027-2032)

    • 10.5.1 Egypt Market Castings and Forgings for Shipbuilding Forecast

    • 10.5.2 South Africa Market Castings and Forgings for Shipbuilding Forecast

    • 10.5.3 Israel Market Castings and Forgings for Shipbuilding Forecast

    • 10.5.4 Turkey Market Castings and Forgings for Shipbuilding Forecast

  • 10.6 Global Castings and Forgings for Shipbuilding Forecast by Type (2027-2032)

  • 10.7 Global Castings and Forgings for Shipbuilding Forecast by Application (2027-2032)

    • 10.7.1 GCC Countries Market Castings and Forgings for Shipbuilding Forecast

• 11 Key Players Analysis

  • 11.1 Doosan Enerbility

    • 11.1.1 Doosan Enerbility Company Information

    • 11.1.2 Doosan Enerbility Castings and Forgings for Shipbuilding Product Offered

    • 11.1.3 Doosan Enerbility Castings and Forgings for Shipbuilding Revenue, Gross Margin and Market Share (2021-2026)

    • 11.1.4 Doosan Enerbility Main Business Overview

    • 11.1.5 Doosan Enerbility Latest Developments

  • 11.2 China First Heavy Industries

    • 11.2.1 China First Heavy Industries Company Information

    • 11.2.2 China First Heavy Industries Castings and Forgings for Shipbuilding Product Offered

    • 11.2.3 China First Heavy Industries Castings and Forgings for Shipbuilding Revenue, Gross Margin and Market Share (2021-2026)

    • 11.2.4 China First Heavy Industries Main Business Overview

    • 11.2.5 China First Heavy Industries Latest Developments

  • 11.3 KOBE STEEL

    • 11.3.1 KOBE STEEL Company Information

    • 11.3.2 KOBE STEEL Castings and Forgings for Shipbuilding Product Offered

    • 11.3.3 KOBE STEEL Castings and Forgings for Shipbuilding Revenue, Gross Margin and Market Share (2021-2026)

    • 11.3.4 KOBE STEEL Main Business Overview

    • 11.3.5 KOBE STEEL Latest Developments

  • 11.4 Somers Forg

    • 11.4.1 Somers Forg Company Information

    • 11.4.2 Somers Forg Castings and Forgings for Shipbuilding Product Offered

    • 11.4.3 Somers Forg Castings and Forgings for Shipbuilding Revenue, Gross Margin and Market Share (2021-2026)

    • 11.4.4 Somers Forg Main Business Overview

    • 11.4.5 Somers Forg Latest Developments

  • 11.5 LeClaire Manufacturing

    • 11.5.1 LeClaire Manufacturing Company Information

    • 11.5.2 LeClaire Manufacturing Castings and Forgings for Shipbuilding Product Offered

    • 11.5.3 LeClaire Manufacturing Castings and Forgings for Shipbuilding Revenue, Gross Margin and Market Share (2021-2026)

    • 11.5.4 LeClaire Manufacturing Main Business Overview

    • 11.5.5 LeClaire Manufacturing Latest Developments

  • 11.6 Taiyuan Heavy Industry

    • 11.6.1 Taiyuan Heavy Industry Company Information

    • 11.6.2 Taiyuan Heavy Industry Castings and Forgings for Shipbuilding Product Offered

    • 11.6.3 Taiyuan Heavy Industry Castings and Forgings for Shipbuilding Revenue, Gross Margin and Market Share (2021-2026)

    • 11.6.4 Taiyuan Heavy Industry Main Business Overview

    • 11.6.5 Taiyuan Heavy Industry Latest Developments

  • 11.7 Sinomach Heavy Equipment

    • 11.7.1 Sinomach Heavy Equipment Company Information

    • 11.7.2 Sinomach Heavy Equipment Castings and Forgings for Shipbuilding Product Offered

    • 11.7.3 Sinomach Heavy Equipment Castings and Forgings for Shipbuilding Revenue, Gross Margin and Market Share (2021-2026)

    • 11.7.4 Sinomach Heavy Equipment Main Business Overview

    • 11.7.5 Sinomach Heavy Equipment Latest Developments

  • 11.8 Shanghai Electric SHMP Casting & Forging

    • 11.8.1 Shanghai Electric SHMP Casting & Forging Company Information

    • 11.8.2 Shanghai Electric SHMP Casting & Forging Castings and Forgings for Shipbuilding Product Offered

    • 11.8.3 Shanghai Electric SHMP Casting & Forging Castings and Forgings for Shipbuilding Revenue, Gross Margin and Market Share (2021-2026)

    • 11.8.4 Shanghai Electric SHMP Casting & Forging Main Business Overview

    • 11.8.5 Shanghai Electric SHMP Casting & Forging Latest Developments

  • 11.9 Tongyu Heavy Industry

    • 11.9.1 Tongyu Heavy Industry Company Information

    • 11.9.2 Tongyu Heavy Industry Castings and Forgings for Shipbuilding Product Offered

    • 11.9.3 Tongyu Heavy Industry Castings and Forgings for Shipbuilding Revenue, Gross Margin and Market Share (2021-2026)

    • 11.9.4 Tongyu Heavy Industry Main Business Overview

    • 11.9.5 Tongyu Heavy Industry Latest Developments

  • 11.10 CIC Luoyang Heavy Machinery

    • 11.10.1 CIC Luoyang Heavy Machinery Company Information

    • 11.10.2 CIC Luoyang Heavy Machinery Castings and Forgings for Shipbuilding Product Offered

    • 11.10.3 CIC Luoyang Heavy Machinery Castings and Forgings for Shipbuilding Revenue, Gross Margin and Market Share (2021-2026)

    • 11.10.4 CIC Luoyang Heavy Machinery Main Business Overview

    • 11.10.5 CIC Luoyang Heavy Machinery Latest Developments

  • 11.11 Hong Da Heavy Industry

    • 11.11.1 Hong Da Heavy Industry Company Information

    • 11.11.2 Hong Da Heavy Industry Castings and Forgings for Shipbuilding Product Offered

    • 11.11.3 Hong Da Heavy Industry Castings and Forgings for Shipbuilding Revenue, Gross Margin and Market Share (2021-2026)

    • 11.11.4 Hong Da Heavy Industry Main Business Overview

    • 11.11.5 Hong Da Heavy Industry Latest Developments

  • 11.12 Shigang Jingcheng Equipment

    • 11.12.1 Shigang Jingcheng Equipment Company Information

    • 11.12.2 Shigang Jingcheng Equipment Castings and Forgings for Shipbuilding Product Offered

    • 11.12.3 Shigang Jingcheng Equipment Castings and Forgings for Shipbuilding Revenue, Gross Margin and Market Share (2021-2026)

    • 11.12.4 Shigang Jingcheng Equipment Main Business Overview

    • 11.12.5 Shigang Jingcheng Equipment Latest Developments

  • 11.13 Dalian Heavy Industry

    • 11.13.1 Dalian Heavy Industry Company Information

    • 11.13.2 Dalian Heavy Industry Castings and Forgings for Shipbuilding Product Offered

    • 11.13.3 Dalian Heavy Industry Castings and Forgings for Shipbuilding Revenue, Gross Margin and Market Share (2021-2026)

    • 11.13.4 Dalian Heavy Industry Main Business Overview

    • 11.13.5 Dalian Heavy Industry Latest Developments

• 12 Research Findings and Conclusion