Automobile & Transportation / 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
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
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?
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.
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Who are the key players in Automotive Forgings Market?
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.
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.
