Automotive Forgings Market Insights Shared In Detailed Report 2021 - Aichi Steel, Thyssenkrupp, AAM, Bharat Forge Limited, KOBELCO

In 2020, the global Automotive Forgings market size was US$ 45130 million and it is expected to reach US$ 65260 million by the end of 2027, with a CAGR of 5.4% during 2021-2027.

The Market Research on the “Automotive Forgings Market 2021-2027”, now available with Market Insights Reports, Introduces systematic details in terms of market valuation, market size, revenue estimation, and geographical spectrum of the business vertical. The Automotive Forgings market report offers an overview of top company profiles with the business value and demand status of the industry. The report also helps the user to understand the market in terms of its definition, segmentation, market potential, influential trends, and therefore the challenges that the market is facing. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Automotive Forgings investments from 2021 till 2027.

The prominent players in the Global Automotive Forgings Market:

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 and Others.

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Market Overview: -

Global Automotive Forgings key players include Bharat Forge Limited, Nippon Steel & Sumitomo Metal, Aichi Steel, Thyssenkrupp, AAM, etc. Global top five manufacturers hold a share nearly 10%.

China is the largest market, with a share about 35%, followed by Europe, and India, both have a share over 30 percent.

In terms of product, Closed Die is the largest segment, with a share over 70%. And in terms of application, the largest application is Powertrain Components, followed by Chassis Components, Transmission Parts, etc.

Industry News: -

Thyssenkrupp invests 80 million euros for new forging line at Homburg

Thyssenkrupp today announced its decision to build a new forging line at its Homburg site in Germany’s Saarland region. The company will invest some 80 million euros (Rs 617 crore) in a new facility to produce forged front axles for trucks. Long-term delivery contracts is claimed to have already been signed with truck manufacturers. This production expansion represents the biggest single investment ever made at Thyssenkrupp’s Homburg site.

(Source: -autocarpro.in)

Based on Types, The Automotive Forgings Market is segmented into:

Closed Die Forgings

Open Die Forgings

Rolled Rings Forgings

Based on Application, The Automotive Forgings Market is segmented into:

Powertrain Components

Chassis Components

Transmission Parts

Other Parts

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Automotive Forgings Market these regions, from 2021 to 2027 (forecast), covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia–Pacific (China, Japan, Korea, India, and Southeast).

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Major Highlights of TOC
Chapter 1: Report Overview
Chapter 2: Global Growth Trends
Chapter 3: Competition Landscape by Key Players
Chapter 4: Industry Analysis by Regions
Chapter 5: Industry Analysis by Type
Chapter 6: Industry Analysis by Applications
Chapter 7: Key Companies Profiled
Chapter 8: Industry Manufacturers Cost Analysis
Chapter 9: Marketing Channel, Distributors, and Customers
Chapter 10: Market Dynamics
Chapter 11: Industry Forecast
Chapter 12: Research Findings and Conclusion
Chapter 13: Methodology and Data Source

Finally, the Automotive Forgings market report offers a complete and detailed study of the global Automotive Forgings market by using numerous analytical tools and models such as SWOT analysis, investment return analysis, and porter’s five forces analysis which are useful for beginners to access the upcoming opportunities. After exploring the market insights through primary and secondary research methodologies, if anything is required except this, market insight reports will provide customization as per specific demands.

The report has 150+ tables and figures browse the full report description and TOC:

https://www.marketinsightsreports.com/reports/07303126904/global-automotive-forgings-market-size-manufacturers-supply-chain-sales-channel-and-clients-2021-2027?Mode=18

Customization of the Report: This report will be customized as per your needs for extra data up to 3 companies or 3 countries or nearly 40 analyst hours.

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