Automotive Forgings Market Trends, Business Overview, Industry Growth and Forecast to 2028

The Automotive Forging market is projected to grow at a CAGR of 5.78% during the forecast period. Automotive forging is a type of hot forming process used to make metal parts for automobiles. In this process, the metal is heated and then molded into the desired shape using a mold. Automotive forgings are usually made of carbon steel, alloy steel, stainless steel, aluminum, copper and titanium. These materials are selected on the basis of strength, durability and wear resistance.

Key Players

 

• Nippon Steel & Sumitomo Metal
• Aichi Steel
• Thyssenkrupp
• Bharat Forge Limited
• KOBELCO
• WanXiang
• Mahindra Forgings Europe
• Farinia Group
• Longcheng Forging
• Sinotruck
• Dongfeng Forging
• Ashok Leyland Limited
• Allegheny Technologies
• VDM Metals
• CITIC Heavy Industries

 

Market – Segmentation

By Type

• Closed Die Forgings
• Open Die Forgings
• Rolled Rings Forgings

 

By Application

• Powertrain Components
• Chassis Components
• Transmission Parts
• Other Parts

 

Scope of the Report

 

The research study analyses the Global Automotive Forgings Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

 

o Market Overview and growth analysis

o Import and Export Overview

o Volume Analysis

o Current Market Trends and Future Outlook

o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage 

 

• North America Market Size and/or Volume
• Latin America Market Size and/or Volume
• Europe Market Size and/or Volume
• Asia-Pacific Market Size and/or Volume
• Rest of the world Market Size and/or Volume

 

Key Questions Answered by Automotive Forgings Market Report :

1. What was the Automotive Forgings Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Automotive Forgings Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Automotive Forgings Market was the market leader in 2021s?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.