The global Automotive Forgings market was valued at US$ 42450 million in 2019 and it is expected to reach US$ 61600 million by the end of 2026, growing at a CAGR of 5.4% during 2021-2026.
Forging is a manufacturing process involving the shaping of metal using localized compressive forces. The blows are delivered with a hammer (often a power hammer) or a die. Forging is often classified according to the temperature at which it is performed: cold forging (a type of cold working), warm forging, or hot forging (a type of hot working). For the latter two, the metal is heated, usually in a forge. Forged parts can range in weight from less than a kilogram to hundreds of metric tons.
The segments of the global automotive forging market on the basis of type are closed die, open die, and rolled rings. Amongst them, the segment of closed die dominates in terms of revenue and the trend is expected to continue over the forecast period. This is due to the par excellence performance and finish of products that are obtained using this process.
Global Automotive Forgings Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Automotive Forgings Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are 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 and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Closed Die Forgings
- Open Die Forgings
- Rolled Rings Forgings
Segment by Application
- Powertrain Components
- Chassis Components
- Transmission Parts
- Other Parts
Table of Content:
1 Automotive Forgings Market Overview
2 Automotive Forgings Market Competition by Manufacturers
3 Automotive Forgings Retrospective Market Scenario by Region
4 Global Automotive Forgings Historic Market Analysis by Type
5 Global Automotive Forgings Historic Market Analysis by Application
6 Key Companies Profiled
7 Automotive Forgings Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Automotive Forgings Market Dynamics
10 Global Automotive Forgings Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta