This paper summarises the current situation and knowledge on magnesium forging as well as its prospects for further development. It is structured according to the sequential areas of the processing chain: feedstock, forging process, finishing, and components. Attention is given to some specific metallurgical aspects of magnesium forging and the resulting mechanical properties. Further, the weight-saving potential of magnesium forgings over conventional solutions (notably in aluminium), prospective application areas (especially for transport means), demonstrator components and costs are addressed.