Press release
Laminar Growth to be Witnessed by Automotive Forging Market by 2028
Forging is a manufacturing process involving the shaping of metal using compressive force. Automotive forging involves the manufacturing of automotive components, including engine parts (such as connecting rods, injection, crankshaft, camshaft, piston, etc.), chassis, bearings, gears, axles and others. The automotive forging process can be carried out on materials either in hot or cold state, depending upon the mechanical properties required. Automotive forged products offer superior toughness, strength and high strength-to-weight ratios. Some of the most common materials utilized in the automotive forging market are aluminum and steel. Steel is commonly used in the automotive forging industry owing to its strength, availability and high resilience. Aluminum is gaining traction in the automotive forging industry owing to increasing demand for light weight vehicles. Aluminum provides high strength, desirable anti-corrosion, surface finish, lower cost and design flexibility to automotive forging.
Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-7458
Automotive Forging Market: Dynamics
The global automotive forging market is expected to witness robust growth in the years to come. The growth in the market is mainly being driven by increasing vehicle demand owing to growing population and rising disposable income across the globe. Despite unstable economic conditions in the market in the recent past, automotive production across the globe has witnessed steady growth owing to increasing demand for passenger cars and commercial vehicles, which in turn, is driving automotive forging market. Furthermore, increasing investments for infrastructural development, growing construction activity and recovery and stabilization of mining sector are some other factors expected to drive the demand for commercial and off-road vehicles, which in turn, is expected to augment the growth of automotive forging market during the forecast period. However, with the introduction of electric vehicles in the market, the automotive forging market is expected to be adversely impacted as electronic vehicles require limited forged components. Although electronic vehicles have not become commercialized in the market yet, they are expected to have a significant impact on the automotive forging market during the forecast period.
Furthermore, one of the most significant trends being witnessed in the global automotive forging market is automation. Manufacturers in the global automotive forging market are focusing on plant automation and installing new pre-forming units and adopting technological advancements with an aim to boost the productivity of forged components.
Automotive Forging Market: Segmentation
On the basis of vehicle type, the global automotive forging market can be segmented into:
Passenger Car
Light Commercial Vehicles
Heavy Commercial Vehicles
On the basis of material type, the global automotive forging market can be segmented into:
Aluminum
Steel
Others (Copper,
On the basis of components, the global automotive forging market can be segmented into:
Engine Components
Steering/chassis components
Transmission components
Drive Components
Other Components
Automotive Forging Market: Regional Outlook
Asia Pacific is estimated to be the most prominent region in the global automotive forging market and will be followed by North America. Development in infrastructure, industrialization and rapid economic growth in countries, such as India, China and Indonesia, will propel the growth of the automotive forging market in Asia Pacific. Furthermore, India and China are the hubs for automotive forging manufacturers. Further, favorable government initiatives are driving the manufacturing sector in the region, which will propel the growth of the automotive forging market in near future. Europe and North America are expected to witness moderate growth in the automotive forging market. Positive economic outlook and favorable political scenario in Latin America are the two factors expected to drive investments in the automotive industry, which in turn, will induce the growth of the automotive forging market. Further, Middle East & Africa backed by growing construction industry is set to drive the growth of heavy vehicles in the region, which in turn, will drive the automotive forging market during the forecast period.
Request to View TOC @ https://www.futuremarketinsights.com/toc/rep-gb-7458
Automotive Forging Market: Market Participants
Examples of some of the prominent market participants operating in the global automotive forging market are:
Farinia Group
India Forge
CFS Machinery Co.,LTD
CIE Automotive
thyssenkrupp AG
Bharat Forge Limited
Trenton Forging
JVR Forging
Nanjing Automobile Forging Co., Ltd.
LISI Group
Aichi Steel Corporation
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Laminar Growth to be Witnessed by Automotive Forging Market by 2028 here
News-ID: 1746031 • Views: …
More Releases from Future Market Insights
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,…
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry…
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033.
The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable…
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute…
More Releases for Forging
Forging Lubricants Market 2022 | Detailed Report
The Forging Lubricants research report combines vital data incorporating the competitive landscape, global, regional, and country-specific market size, market growth analysis, market share, recent developments, and market growth in segmentation. Furthermore, the Forging Lubricants research report offers information and thoughtful facts like share, revenue, historical data, and global market share. It also highlights vital aspects like opportunities, driving, product scope, market overview, and driving force.
Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=5477284…
Metal Forging Market :- Ansteel Vigano' Srl., Arconic, ATI., Bharat Forge, Bruck …
The Metal Forging market report gives an inside and out cognizance about market development by seeking past advancements, and contemplating the current circumstance and future gauges dependent on dynamic and likely regions. The detail investigation of the Metal Forging market dependent on elite players, present, past and cutting edge information which will offer as a gainful guide for all Metal Forging Market contenders. This report covers a thorough analysis of…
Forging Market Future Prediction Report 2019-2025
The Forging market in Global represents the significant growth prospects during the forecast period 2019-2025. The detailed report provides in-depth analysis and identifies the market dynamics in Global market.
The factors attributing to the growth of the market are Rapid development in the automotive industry, Key characteristics associated with forged parts such as reliability, strength, and economic viability, Growing demand for ferrous metals, strong demand for high-strength metal components and…
Global Forging Competitive Market Share & Forecast 2019
The capital-intensive nature of the global automotive forging market accounts for the clear dominance of well-entrenched players that operate in international markets. This poses challenge for small players that compete with large players with respect to quality, features, functionalities, and services. The use of newer technologies by large players to add qualitative value to existing products will further add to the woes of small players.
The global Forging market is valued…
Metal Forging Market – Ansteel Vigano' Srl., Arconic, ATI., Bharat Forge, Bruc …
This Metal Forging report focuses on the current market progress and the competitive scope, challenges, opportunity, cost, limits, risk and more. It exhibits a detailed division of the market by the end client and by regions such as North America, South America, Asia pacific region, Middle east and Africa and Europe. This Metal Forging report studies the market status and forecast , also categorizes the global market size, revenue,…
Forging Market Revenue Opportunies By Key Vendors Bharat Forge Limited., Alcoa, …
Forging refers to a process of shaping the material by applying compressive force manually; by forging machines or with the use of power hammers. Forging process can be carried out on materials in either cold or hot state. These forged parts include bolts, connecting rods, turbine shafts, crane hooks, hand tools, gears, and other components used in machine manufacturing. These products offer toughness, strength, stress, and are reliable end-use industry…
