Automotive Forgings Market

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. Forging has been done by smiths for millennia; the traditional products were kitchenware, hardware, hand tools, edged weapons, cymbals, and jewellery. Since the Industrial Revolution, forged parts are widely used in mechanisms and machines wherever a component requires high strength; such forgings usually require further processing (such as machining) to achieve a finished part. Today, forging is a major worldwide industry.

Automotive Forgings Market contains market size and forecasts of Automotive Forgings in global, including the following market information:

Global Automotive Forgings Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Automotive Forgings Market Sales, 2017-2022, 2023-2028, (K MT)

Global top five Automotive Forgings companies in 2021 (%)

The global Automotive Forgings market was valued at 48980 million in 2021 and is projected to reach US$ 69690 million by 2028, at a CAGR of 5.2% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Closed Die Forgings Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Automotive Forgings include Nippon Steel & Sumitomo Metal, Aichi Steel, Thyssenkrupp, AAM, Bharat Forge Limited, KOBELCO, WanXiang, FAW and Arconic, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Automotive Forgings manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Automotive Forgings Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)

Global Automotive Forgings Market Segment Percentages, by Type, 2021 (%)

Closed Die Forgings

Open Die Forgings

Rolled Rings Forgings

Global Automotive Forgings Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)

Global Automotive Forgings Market Segment Percentages, by Application, 2021 (%)

Powertrain Components

Chassis Components

Transmission Parts

Other Parts

Global Automotive Forgings Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)

Global Automotive Forgings Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Automotive Forgings revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Automotive Forgings revenues share in global market, 2021 (%)

Key companies Automotive Forgings sales in global market, 2017-2022 (Estimated), (K MT)

Key companies Automotive Forgings sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

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