Automotive Forging - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Automotive Forging Market is accounted for $34,576.30 million in 2020 and is expected to reach $59,408.52 million by 2028 growing at a CAGR of 7.0% during the forecast period. The increasing demand for enriched vehicle engine performance and automation in manufacturing processes and the adoption of innovative approaches by original equipment manufacturers (OEM) are driving the market growth. However, fluctuation in the cost of raw materials is hampering the growth of the market.
Automotive forging involves the manufacturing of automotive components, including engine parts, bearings, gears, chassis, axles, and others. The automotive forging process can be carried out on materials either in the hot or cold state, depending upon the mechanical properties essential. Automotive forged products offer high strength-to-weight ratios, strength, and superior toughness. The most common materials exploited in the automotive forging market are steel and aluminum. Steel is generally used in the automotive forging industry due to its availability, strength, and high resilience.
Based on the supplier type, local is going to have lucrative growth during the forecast period. This dominance is accredited to the high demographic growth rate, particularly in the developing countries that include more raw material production and cheap labor convenience. Furthermore, the growing provision of the government and their favorable initiatives to encourage local production of forged parts in numerous urban and suburban parts of the country is expected to increase the growth of the market.
By geography, Asia Pacific is going to have high growth during the forecast period. Expansion in infrastructure, industrialization, and rapid economic growth in countries, such as China, India, and Indonesia boost the progress of the automotive forging market in the Asia Pacific. Furthermore, India and China are the centers for automotive forging manufacturers. Additionally, favorable government initiatives are motivating the manufacturing sector in the region, which will boost the growth of the automotive forging market in near future.
Some of the key players profiled in the Automotive Forging Market include Aichi Forge Usa Inc, American Axle & Manufacturing Inc, Bharat Forge Limited, Byd Company Limited, Cfs Machinery Co Ltd, Cie Automotive S.A.Dana Inc, Farinia Group, Jvr Forging, Kov?rna Viva, Meritor Inc, Nanjin Automobile Forging Co Ltd Ntn Corporation, Ramakrishna Forgings and Thyssenkrupp Ag company.
Vehicle Types Covered:
All the customers of this report will be entitled to receive one of the following free customization options:
Automotive forging involves the manufacturing of automotive components, including engine parts, bearings, gears, chassis, axles, and others. The automotive forging process can be carried out on materials either in the hot or cold state, depending upon the mechanical properties essential. Automotive forged products offer high strength-to-weight ratios, strength, and superior toughness. The most common materials exploited in the automotive forging market are steel and aluminum. Steel is generally used in the automotive forging industry due to its availability, strength, and high resilience.
Based on the supplier type, local is going to have lucrative growth during the forecast period. This dominance is accredited to the high demographic growth rate, particularly in the developing countries that include more raw material production and cheap labor convenience. Furthermore, the growing provision of the government and their favorable initiatives to encourage local production of forged parts in numerous urban and suburban parts of the country is expected to increase the growth of the market.
By geography, Asia Pacific is going to have high growth during the forecast period. Expansion in infrastructure, industrialization, and rapid economic growth in countries, such as China, India, and Indonesia boost the progress of the automotive forging market in the Asia Pacific. Furthermore, India and China are the centers for automotive forging manufacturers. Additionally, favorable government initiatives are motivating the manufacturing sector in the region, which will boost the growth of the automotive forging market in near future.
Some of the key players profiled in the Automotive Forging Market include Aichi Forge Usa Inc, American Axle & Manufacturing Inc, Bharat Forge Limited, Byd Company Limited, Cfs Machinery Co Ltd, Cie Automotive S.A.Dana Inc, Farinia Group, Jvr Forging, Kov?rna Viva, Meritor Inc, Nanjin Automobile Forging Co Ltd Ntn Corporation, Ramakrishna Forgings and Thyssenkrupp Ag company.
Vehicle Types Covered:
- Passenger Cars
- Agricultural Machinery
- Construction Equipment
- Local
- International (Import)
- Alloy Steel
- Aluminum
- Iron
- Microalloyed Steel
- Drive Components
- Engine Components
- Powertrain Components
- Steering/chassis components
- Transmission components
- Closed Die
- Open Die
- Rolled Rings
- Axel
- Bearing
- Connecting Roads
- Crankshaft
- Gears
- Piston
- Direct Marketing
- Indirect Marketing
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
1 EXECUTIVE SUMMARY
2 PREFACE
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 MARKET TREND ANALYSIS
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 PORTERS FIVE FORCE ANALYSIS
4.1 Bargaining Power Of Suppliers
4.2 Bargaining Power Of Buyers
4.3 Threat Of Substitutes
4.4 Threat Of New Entrants
4.5 Competitive Rivalry
5 GLOBAL AUTOMOTIVE FORGING MARKET, BY VEHICLE TYPE
5.1 Introduction
5.2 Passenger Cars
5.2.1 Light Commercial Vehicle
5.2.2 Medium & Heavy Commercial Vehicle
5.3 Agricultural Machinery
5.4 Construction Equipment
6 GLOBAL AUTOMOTIVE FORGING MARKET, BY SUPPLIER TYPE
6.1 Introduction
6.2 Local
6.3 International (Import)
7 GLOBAL AUTOMOTIVE FORGING MARKET, BY FORGING MATERIAL
7.1 Introduction
7.2 Alloy Steel
7.3 Aluminum
7.4 Iron
7.5 Microalloyed Steel
8 GLOBAL AUTOMOTIVE FORGING MARKET, BY COMPONENT
8.1 Introduction
8.2 Drive Components
8.3 Engine Components
8.4 Powertrain Components
8.5 Steering/Chassis Components
8.6 Transmission Components
9 GLOBAL AUTOMOTIVE FORGING MARKET, BY TECHNOLOGY
9.1 Introduction
9.2 Closed Die
9.3 Open Die
9.4 Rolled Rings
10 GLOBAL AUTOMOTIVE FORGING MARKET, BY APPLICATION
10.1 Introduction
10.2 Axel
10.3 Bearing
10.4 Connecting Roads
10.5 Crankshaft
10.6 Gears
10.7 Piston
11 GLOBAL AUTOMOTIVE FORGING MARKET, BY MARKETING CHANNEL
11.1 Introduction
11.2 Direct Marketing
11.3 Indirect Marketing
12 GLOBAL AUTOMOTIVE FORGING MARKET, BY GEOGRAPHY
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 KEY DEVELOPMENTS
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 COMPANY PROFILING
14.1 Aichi Forge Usa Inc
14.2 American Axle & Manufacturing Inc
14.3 Bharat Forge Limited
14.4 Byd Company Limited
14.5 Cfs Machinery Co Ltd
14.6 Cie Automotive S.A.
14.7 Dana Inc
14.8 Farinia Group
14.9 Jvr Forging
14.10 Kov?rna Viva
14.11 Meritor Inc
14.12 Nanjin Automobile Forging Co Ltd
14.13 Ntn Corporation
14.14 Ramakrishna Forgings
14.15 Thyssenkrupp Ag
2 PREFACE
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 MARKET TREND ANALYSIS
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 PORTERS FIVE FORCE ANALYSIS
4.1 Bargaining Power Of Suppliers
4.2 Bargaining Power Of Buyers
4.3 Threat Of Substitutes
4.4 Threat Of New Entrants
4.5 Competitive Rivalry
5 GLOBAL AUTOMOTIVE FORGING MARKET, BY VEHICLE TYPE
5.1 Introduction
5.2 Passenger Cars
5.2.1 Light Commercial Vehicle
5.2.2 Medium & Heavy Commercial Vehicle
5.3 Agricultural Machinery
5.4 Construction Equipment
6 GLOBAL AUTOMOTIVE FORGING MARKET, BY SUPPLIER TYPE
6.1 Introduction
6.2 Local
6.3 International (Import)
7 GLOBAL AUTOMOTIVE FORGING MARKET, BY FORGING MATERIAL
7.1 Introduction
7.2 Alloy Steel
7.3 Aluminum
7.4 Iron
7.5 Microalloyed Steel
8 GLOBAL AUTOMOTIVE FORGING MARKET, BY COMPONENT
8.1 Introduction
8.2 Drive Components
8.3 Engine Components
8.4 Powertrain Components
8.5 Steering/Chassis Components
8.6 Transmission Components
9 GLOBAL AUTOMOTIVE FORGING MARKET, BY TECHNOLOGY
9.1 Introduction
9.2 Closed Die
9.3 Open Die
9.4 Rolled Rings
10 GLOBAL AUTOMOTIVE FORGING MARKET, BY APPLICATION
10.1 Introduction
10.2 Axel
10.3 Bearing
10.4 Connecting Roads
10.5 Crankshaft
10.6 Gears
10.7 Piston
11 GLOBAL AUTOMOTIVE FORGING MARKET, BY MARKETING CHANNEL
11.1 Introduction
11.2 Direct Marketing
11.3 Indirect Marketing
12 GLOBAL AUTOMOTIVE FORGING MARKET, BY GEOGRAPHY
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 KEY DEVELOPMENTS
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 COMPANY PROFILING
14.1 Aichi Forge Usa Inc
14.2 American Axle & Manufacturing Inc
14.3 Bharat Forge Limited
14.4 Byd Company Limited
14.5 Cfs Machinery Co Ltd
14.6 Cie Automotive S.A.
14.7 Dana Inc
14.8 Farinia Group
14.9 Jvr Forging
14.10 Kov?rna Viva
14.11 Meritor Inc
14.12 Nanjin Automobile Forging Co Ltd
14.13 Ntn Corporation
14.14 Ramakrishna Forgings
14.15 Thyssenkrupp Ag
LIST OF TABLES
Table 1 Global Automotive Forging Market Outlook, By Region (2019-2028) (US $MN)
Table 2 Global Automotive Forging Market Outlook, By Vehicle Type (2019-2028) (US $MN)
Table 3 Global Automotive Forging Market Outlook, By Passenger Cars (2019-2028) (US $MN)
Table 4 Global Automotive Forging Market Outlook, By Light Commercial Vehicle (2019-2028) (US $MN)
Table 5 Global Automotive Forging Market Outlook, By Medium & Heavy Commercial Vehicle (2019-2028) (US $MN)
Table 6 Global Automotive Forging Market Outlook, By Agricultural Machinery (2019-2028) (US $MN)
Table 7 Global Automotive Forging Market Outlook, By Construction Equipment (2019-2028) (US $MN)
Table 8 Global Automotive Forging Market Outlook, By Supplier Type (2019-2028) (US $MN)
Table 9 Global Automotive Forging Market Outlook, By Local (2019-2028) (US $MN)
Table 10 Global Automotive Forging Market Outlook, By International (Import) (2019-2028) (US $MN)
Table 11 Global Automotive Forging Market Outlook, By Forging Material (2019-2028) (US $MN)
Table 12 Global Automotive Forging Market Outlook, By Alloy Steel (2019-2028) (US $MN)
Table 13 Global Automotive Forging Market Outlook, By Aluminum (2019-2028) (US $MN)
Table 14 Global Automotive Forging Market Outlook, By Iron (2019-2028) (US $MN)
Table 15 Global Automotive Forging Market Outlook, By Microalloyed Steel (2019-2028) (US $MN)
Table 16 Global Automotive Forging Market Outlook, By Component (2019-2028) (US $MN)
Table17 Global Automotive Forging Market Outlook, By Drive Components (2019-2028) (US $MN)
Table 18 Global Automotive Forging Market Outlook, By Engine Components (2019-2028) (US $MN)
Table 19 Global Automotive Forging Market Outlook, By Powertrain Components (2019-2028) (US $MN)
Table 20 Global Automotive Forging Market Outlook, By Steering/chassis components (2019-2028) (US $MN)
Table 21 Global Automotive Forging Market Outlook, By Transmission components (2019-2028) (US $MN)
Table 22 Global Automotive Forging Market Outlook, By Technology (2019-2028) (US $MN)
Table 23 Global Automotive Forging Market Outlook, By Closed Die (2019-2028) (US $MN)
Table 24 Global Automotive Forging Market Outlook, By Open Die (2019-2028) (US $MN)
Table 25 Global Automotive Forging Market Outlook, By Rolled Rings (2019-2028) (US $MN)
Table 26 Global Automotive Forging Market Outlook, By Application (2019-2028) (US $MN)
Table 27 Global Automotive Forging Market Outlook, By Axel (2019-2028) (US $MN)
Table 28 Global Automotive Forging Market Outlook, By Bearing (2019-2028) (US $MN)
Table 29 Global Automotive Forging Market Outlook, By Connecting Roads (2019-2028) (US $MN)
Table 30 Global Automotive Forging Market Outlook, By Crankshaft (2019-2028) (US $MN)
Table 31 Global Automotive Forging Market Outlook, By Gears (2019-2028) (US $MN)
Table 32 Global Automotive Forging Market Outlook, By Piston (2019-2028) (US $MN)
Table 33 Global Automotive Forging Market Outlook, By Marketing Channel (2019-2028) (US $MN)
Table 34 Global Automotive Forging Market Outlook, By Direct Marketing (2019-2028) (US $MN)
Table 35 Global Automotive Forging Market Outlook, By Indirect Marketing (2019-2028) (US $MN)
Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner above.
Table 1 Global Automotive Forging Market Outlook, By Region (2019-2028) (US $MN)
Table 2 Global Automotive Forging Market Outlook, By Vehicle Type (2019-2028) (US $MN)
Table 3 Global Automotive Forging Market Outlook, By Passenger Cars (2019-2028) (US $MN)
Table 4 Global Automotive Forging Market Outlook, By Light Commercial Vehicle (2019-2028) (US $MN)
Table 5 Global Automotive Forging Market Outlook, By Medium & Heavy Commercial Vehicle (2019-2028) (US $MN)
Table 6 Global Automotive Forging Market Outlook, By Agricultural Machinery (2019-2028) (US $MN)
Table 7 Global Automotive Forging Market Outlook, By Construction Equipment (2019-2028) (US $MN)
Table 8 Global Automotive Forging Market Outlook, By Supplier Type (2019-2028) (US $MN)
Table 9 Global Automotive Forging Market Outlook, By Local (2019-2028) (US $MN)
Table 10 Global Automotive Forging Market Outlook, By International (Import) (2019-2028) (US $MN)
Table 11 Global Automotive Forging Market Outlook, By Forging Material (2019-2028) (US $MN)
Table 12 Global Automotive Forging Market Outlook, By Alloy Steel (2019-2028) (US $MN)
Table 13 Global Automotive Forging Market Outlook, By Aluminum (2019-2028) (US $MN)
Table 14 Global Automotive Forging Market Outlook, By Iron (2019-2028) (US $MN)
Table 15 Global Automotive Forging Market Outlook, By Microalloyed Steel (2019-2028) (US $MN)
Table 16 Global Automotive Forging Market Outlook, By Component (2019-2028) (US $MN)
Table17 Global Automotive Forging Market Outlook, By Drive Components (2019-2028) (US $MN)
Table 18 Global Automotive Forging Market Outlook, By Engine Components (2019-2028) (US $MN)
Table 19 Global Automotive Forging Market Outlook, By Powertrain Components (2019-2028) (US $MN)
Table 20 Global Automotive Forging Market Outlook, By Steering/chassis components (2019-2028) (US $MN)
Table 21 Global Automotive Forging Market Outlook, By Transmission components (2019-2028) (US $MN)
Table 22 Global Automotive Forging Market Outlook, By Technology (2019-2028) (US $MN)
Table 23 Global Automotive Forging Market Outlook, By Closed Die (2019-2028) (US $MN)
Table 24 Global Automotive Forging Market Outlook, By Open Die (2019-2028) (US $MN)
Table 25 Global Automotive Forging Market Outlook, By Rolled Rings (2019-2028) (US $MN)
Table 26 Global Automotive Forging Market Outlook, By Application (2019-2028) (US $MN)
Table 27 Global Automotive Forging Market Outlook, By Axel (2019-2028) (US $MN)
Table 28 Global Automotive Forging Market Outlook, By Bearing (2019-2028) (US $MN)
Table 29 Global Automotive Forging Market Outlook, By Connecting Roads (2019-2028) (US $MN)
Table 30 Global Automotive Forging Market Outlook, By Crankshaft (2019-2028) (US $MN)
Table 31 Global Automotive Forging Market Outlook, By Gears (2019-2028) (US $MN)
Table 32 Global Automotive Forging Market Outlook, By Piston (2019-2028) (US $MN)
Table 33 Global Automotive Forging Market Outlook, By Marketing Channel (2019-2028) (US $MN)
Table 34 Global Automotive Forging Market Outlook, By Direct Marketing (2019-2028) (US $MN)
Table 35 Global Automotive Forging Market Outlook, By Indirect Marketing (2019-2028) (US $MN)
Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner above.
