Global Automotive Forging Market Reports give a Key study on the industry status of the Automotive Forging Industry Manufacturer with the specific statistics, meaning, definition, SWOT Analysis, expert opinion, and recent development across the globe. The research report also covers the Market Size, Price, Sales, Revenue, Market share, Gross Margin, growth rate, and cost structure. The report aims to give an additional sample of the latest scenario, economic slowdown, and Covid-19 impact on overall Industry.
The Global Automotive Forging Market Size Was Valued At USD 40.49 Billion In 2021. The Market Is Projected To Grow From USD 45.49 Billion In 2022 To USD 67.75 Billion By 2029, Exhibiting A CAGR Of 5.10% During The Forecast Period.
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The global COVID-19 pandemic has been unprecedented and shocking, and the market has seen less demand than expected compared to before the pandemic. Our research shows that the world market was 23.5% smaller in 2020 than in 2019.
Forging is a way to make things by pressing metal into the shape you want. Parts of the engine, chassis, bearings, axles, gears, and other parts are forged. This process can be done on different kinds of materials, depending on what mechanical properties are needed. Also, compared to other ways of making things, forging metal makes some of the parts that are the strongest and have the best mechanical properties.
Competitive Landscape and Global Market Share Analysis:
ThyssenKrupp AG (Germany), CIE Automotive (Spain), NTN Corporation (Japan), American Axle and Manufacturing Inc. (U.S.), Bharat Forge Limited (India), Ramkrishna Forgings (India), Dana Limited (U.S.), Meritor Inc. (U.S.), ZF Friedrichshafen AG (Germany), Others
Market Segmentation:
By Vehicle Type:
- Passenger Cars
- Light Commercial Vehicle
- Medium & Heavy Commercial Vehicles
- Agricultural Machinery
- Construction Equipment
- Others
By Material:
- Steel
- Aluminum
- Others
By Application:
- Gears
- Crankshaft
- Piston
- Axle
- Bearings
- Connecting Rods
- Others
By Technology:
- Closed Die
- Open Die
- Others
By Supplier Type:
- Local
- International (Import)
- Others
The report on the Automotive Forging market covers the following region (country) analysis:
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
Regional Insights:
Asia-Pacific (APAC) is expected to be the largest and fastest-growing segment compared to other regions. A lot of the world’s forged parts come from China and India. Major players in the area are putting their new money into automation and high-tech machines that use less energy and work better.
Europe is expected to have a high growth rate because there are new ways to make things in this industry. The European market grows because government rules help products made in Europe
North America is likely to keep moving up in the world market as the need for forged auto parts grows.
Following are the major TOC of the Automotive Forging Market:
Chapter 1: Automotive Forging Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Automotive Forging Market Competition by Manufacturers
Chapter 4: Global Production, Profits (Value) by Region
Chapter 5: Global Supply (Production), Import, Export, Consumption, by Regions
Chapter 6: Global Price Trend by Type, Revenue (Value), Production
Chapter 7: Manufacturing Cost Analysis
Chapter 8: Global Market Analysis by Application
Chapter 9: Industrial Chain and Downstream Buyers, Sourcing Strategy
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Automotive Forging Market Forecast
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Key Reasons to Purchase Automotive Forging Market report:
The report provides a thorough examination of the manufacturing methods, as well as ideas to reduce development risk, major market growth challenges and strategic inputs to overcome the market threats.
In-depth market analysis and an overview of the global Automotive Forging Market trend and commercial landscape are included in the report. In addition, the report discusses the effect of COVID-19 on the market.
Reader can acquire a better interpretation of the Automotive Forging Market forecast’s future view and opportunities from the report.
The report contains an analysis of recent developments as well as profiles of important market leaders and key players.
To gain an understanding of the market strategies by the leading market players in the Automotive Forging
The report analyses the most important driving and restraining factors in the industry, as well as their impact on global market growth.
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Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials in various sectors including investment, information technology, telecommunications, consumer technology, and manufacturing markets. CDI helps investment communities, business executives and IT professionals make accurate, statistically-based decisions on technology purchases and promote strong growth tactics to maintain market competitiveness. Composed of a team of more than 100 analysts and a cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and national experience.
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