Technological Advancements and Major Investments Strengthening the Offshore Wind Forging Supply Chain

Wind turbine forging market was valued at $4.3 billion in 2025 and is projected to reach $8.5 billion by 2035, growing at a CAGR of 7.4% during the forecast period (2026–2035). Large-scale forging technologies are increasingly focusing on the design requirements of next-generation offshore wind turbines, thus driving the market. With greater turbine capacities, exceeding 20 MW, the demand for ultra-large, forged components like flanges, shafts, and bearing rings has increased correspondingly, pushing manufacturers to increase their production capacity and invest in high-capacity forging equipment.

Browse the full report description of “Wind Turbine Forging Market Size, Share & Trends Analysis Report by Type (Open Die Forging, Seamless Rolled Ring, Closed Die Forging) by Components (Gears, Flanges, Shafts, Blades, Bearings, Others) by Material (Structural Steel, Steel alloys, Carbon Steel, Aluminum alloys, Composite materials, Other), by Application (Onshore Wind Turbine Installation, and Offshore Wind Turbine Installation), Forecast Period (2026-2035)” at https://www.omrglobal.com/industry-reports/wind-turbine-forging-market

In October 2025, Iraeta Forgings manufactured and delivered 12-meter-wide flanges to CSSC Offshore & Marine Engineering Company Limited for the world's first 25 MW wind turbine, called the H305. Each flange, weighing about 13.5 tons, was manufactured from an ingot by using the largest open forging press with a capacity of 22,000 tons, along with a 22-meter ultra-large vertical lathe and a 22-meter super ring rolling machine.

Additionally, in February 2024, US Forged Rings announced a $700 million investment in the US offshore wind industry, including building a tower fabrication facility and a steel forging plant. The company utilised both these facilities to service the growing domestic offshore wind market and fill a critical supply chain gap for offshore wind components.

Market Coverage

• The market number available for – 2025-2035
• Base year- 2025
• Forecast period- 2026-2035
• Segment Covered-
  • By Type
  • By Components
  • By Material Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape - Bharat Forge, Frisa Industrias, EUSKAL FORGING, S.A., Thyssenkrupp AG, among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Wind Turbine Forging Market Report Segment

By Type

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

By Components

• Gears
• Flanges
• Shafts
• Blades
• Bearings
• Others

By Material Type

• Structural Steel
• Steel alloys
• Carbon Steel
• Aluminium alloys
• Composite materials
• Other

By Application

• Onshore Wind Turbine Installation
• Offshore Wind Turbine Installation

Global Wind Turbine Forging Market Report Segment by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Russia
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Australia and New Zealand
• ASEAN Economies
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/wind-turbine-forging-market