New York, According to a new market research report published by Global Insight Services “Automotive Forging Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Automotive forging is the process of shaping metal using high-pressure techniques. Forging is often used to create car parts that are stronger and more durable than those made using other manufacturing methods. In automotive forging, a piece of metal is placed between two dies, or molding tools, and then a hydraulic press is used to apply pressure to the metal. This pressure forces the metal to take on the shape of the die.
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Key Trends
The automotive industry is constantly evolving, and so is the technology used to manufacture cars and components. Forging is a key manufacturing process used in the automotive industry, and the technology is constantly evolving to meet the needs of the industry. Some of the key trends in automotive forging technology include:
-Increased use of computer-aided design (CAD) and computer-aided manufacturing (CAM) to create more complex and accurate forging dies.
-Use of more sophisticated materials, such as superalloys and titanium, in order to create stronger and lighter components.
-Use of new forging processes, such as powder forging, to create parts with unique properties.
-Increased use of simulation software to optimize the forging process and reduce manufacturing costs.
-Development of new methods for surface treatment and heat treatment of forged components.
The automotive industry is constantly changing, and so are the demands placed on manufacturers. Forging manufacturers must constantly innovate in order to stay ahead of the curve and meet the needs of the automotive industry.
Key Drivers
The key drivers of the automotive forging market are the increasing demand for light weight and fuel efficient vehicles, and the stringent emission norms. The automotive industry is shifting its focus from steel to aluminum and magnesium, as these metals are lighter in weight and offer better fuel efficiency. This is expected to fuel the growth of the automotive forging market. In addition, the government regulations regarding emission norms are becoming stringent, which is expected to drive the demand for automotive forgings.
Market Segments
The automotive forging market report is bifurcated on the basis of type, vehicle, material, and region. On the basis of type, it is segmented into engine, transmission, drive, and others. Based on vehicle, it is analyzed across passenger car, light commercial vehicles, and heavy commercial vehicles. By material, it is categorized into aluminum, steel, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Player
The automotive forging market report includes players such as Farinia Group, India Forge, CFS Machinery Co.,LTD, CIE Automotive, thyssenkrupp AG, Bharat Forge Limited, Trenton Forging, JVR Forging, Nanjing Automobile Forging Co., Ltd., and LISI Group.
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Reasons to buy Automotive Forging Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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