Latest research report on “Automotive Forgings Market” now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis. An exclusive data offered in this report is collected by research and industry experts team.
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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.
This report 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
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