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Automotive Forgings Market - Global Growth, Trends and Forecast (2022- 2027) By Types, By Application, By Regions and By Key Players: Sinotruck, Dongfeng Forging, Jiangsu Pacific Precision Forging

16 Mar, 2022 | 161 Pages
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Automotive Forgings Market was valued at USD 36,614.8 million in 2020 and is expected to reach USD 56,801.7 million by 2028, growing at a CAGR of 5.2% from 2022 to 2028.



Automotive Forgings Market Overview



Automotive forging is a manufacturing procedure, for shaping metal by applying compressive forces with the correlated equipment. The automotive business depends significantly on steel forged automotive components owing to the rise in vehicle production. Forged steel is used for manufacturing automotive components such as crankshafts, axles, joints, and bearings, and is essential for handling the torque. Moreover, closed-die forging, impression-die forging of steel, titanium, aluminum, and other alloys can produce a limited 3-D variety of shapes.



The growing demand for enriched vehicle engine performance. The increasing automation in manufacturing procedures and adoption of innovative approaches by OEMs will boost the growth during the forecast period. The market size stood at USD 34,576.3 million in 2020.



Who are the Major Players in Automotive Forgings Market?



The Automotive Forgings Market is rising at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for numerous end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes Nippon Steel & Sumitomo Metal, Aichi Steel, Thyssenkrupp, AAM, Bharat Forge Limited, KOBELCO, WanXiang, FAW, Arconic, Mahindra Forgings Europe, Farinia Group, Longcheng Forging, Sinotruck, Dongfeng Forging, Jiangsu Pacific Precision Forging, Sypris Solutions, Ashok Leyland Limited, Allegheny Technologies, VDM Metals, CITIC Heavy Industries



Recent Developments



Thyssenkrupp introduce the Forging Technologies unit- Thyssenkrupp, an important German manufacturer specializing in the engineering and metals sectors, has announced that it will be launching a new branch



What are the major Applications, Types and Regions for Automotive Forgings Market?



Automotive Forgings Market is segmented based on the type, applications, companies and regions.



By Type, it is segmented into




  • Closed Die Forgings

  • Open Die Forgings

  • Rolled Rings Forgings



By Applications, it is segmented into




  • Powertrain Components

  • Chassis Components

  • Transmission Parts

  • Other Parts



Automotive Forgings Market Regional Analysis



All these factors greatly affect the Automotive Forgings market growth. It further aims at offering a complete overview on a detailed assessment of important features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis, and changing market growth factors in regions such as Follows,




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





The Automotive Forgings Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Automotive Forgings Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.



What is our Automotive Forgings Market report scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2027 CAGR



CAGR of 5.2% over the forecast period (2022-2027)



By Type



 




  • Closed Die Forgings

  • Open Die Forgings

  • Rolled Rings Forgings



By Application



 




  • Powertrain Components

  • Chassis Components

  • Transmission Parts

  • Other Parts



By Companies



Nippon Steel & Sumitomo Metal, Aichi Steel, Thyssenkrupp, AAM, Bharat Forge Limited, KOBELCO, WanXiang, FAW, Arconic, Mahindra Forgings Europe, Farinia Group, Longcheng Forging, Sinotruck, Dongfeng Forging, Jiangsu Pacific Precision Forging, Sypris Solutions, Ashok Leyland Limited, Allegheny Technologies, VDM Metals, CITIC Heavy Industries



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



161



Customization Available



Yes, the report can be customized as per your needs




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Key Takeaways from this Automotive Forgings Report




  • Evaluate Automotive Forgings market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.

  • Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.

  • Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.

  • Analyze the sales and distribution channels across geographies to enhance top-line revenues.

  • Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Automotive Forgings market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.



Frequently Asked Questions



How do you conduct primary research interviews?





We use tools such as video conferences, telephone calls, face-to-face interviews, and questionnaires with key respondents.



What if the report I want is not listed in the repository of your reports?



Industry Data Analytics has a repository of reports on various industry verticals and not all of them have been listed on the website. Please contact our sales team with your requirements.



Who are the key players in Automotive Forgings Market?



Nippon Steel & Sumitomo Metal, Aichi Steel, Thyssenkrupp, AAM, Bharat Forge Limited, KOBELCO, WanXiang, FAW, Arconic, Mahindra Forgings Europe, Farinia Group, Longcheng Forging, Sinotruck, Dongfeng Forging, Jiangsu Pacific Precision Forging, Sypris Solutions, Ashok Leyland Limited, Allegheny Technologies, VDM Metals, CITIC Heavy Industries



What regions does this Automotive Forgings Market report cover?





North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)



What are the significant types of Automotive Forgings Market?





Closed Die Forgings, Open Die Forgings, Rolled Rings Forgings



What are the major end-use applications of the Automotive Forgings Market?



Powertrain Components, Chassis Components, Transmission Parts, Other Parts



All our reports are custom made to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report as your needs.


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL AUTOMOTIVE FORGINGS MARKET BY APPLICATIONS

    3. GLOBAL AUTOMOTIVE FORGINGS MARKET BY TYPES



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR AUTOMOTIVE FORGINGS



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1. AUTOMOTIVE FORGINGS GROWTH

      2. APPLICATION OF AUTOMOTIVE FORGINGS



    4. IMPACT OF COVID 19



  5. GLOBAL AUTOMOTIVE FORGINGS MARKET, BY TYPES

    1. Closed Die Forgings

    2. Open Die Forgings

    3. Rolled Rings Forgings



  6. GLOBAL AUTOMOTIVE FORGINGS MARKET, BY APPLICATION

    1. Powertrain Components

    2. Chassis Components

    3. Transmission Parts

    4. Other Parts



  7. GLOBAL AUTOMOTIVE FORGINGS MARKET, BY REGION

    • NORTH AMERICA

      • US

      • CANADA

      • MEXICO



    • EUROPE

      • GERMANY




      1. FRANCE

      2. UK

      3. ITALY

      4. RUSSIA

      5. REST OF EUROPE






    1. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    2. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    3. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. Nippon Steel & Sumitomo Metal

      2.  Aichi Steel

      3.  Thyssenkrupp

      4.  AAM

      5.  Bharat Forge Limited

      6.  KOBELCO

      7.  WanXiang

      8.  FAW

      9.  Arconic

      10.  Mahindra Forgings Europe

      11.  Farinia Group

      12.  Longcheng Forging

      13.  Sinotruck

      14.  Dongfeng Forging

      15.  Jiangsu Pacific Precision Forging

      16.  Sypris Solutions

      17.  Ashok Leyland Limited

      18.  Allegheny Technologies

      19.  VDM Metals

      20.  CITIC Heavy Industries





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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