Press release
Automotive Forgings Market to move forward at a double-digit CAGR by 2030
Forging offers good mechanical properties for automotive parts and ensures a more stable working station. Forging is a manufacturing process involving the shaping of metal using localized compressive forces. 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.
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This market research study elaborates the market size, share, growth, market characteristics, competitor pricing, company share, market trends, and opportunities in the Automotive Forgings industry, and breaks down according to the type, application, and consumption area of Automotive Forgings. The report also conducted a Porter's five forces analysis, PESTEL analysis, SWOT analysis, regulatory landscape, and prominent buyers of the industry to study the main influencing factors and entry barriers of the industry.
In Chapter 3.4 of the report, the impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Automotive Forgings in a special period. This chapter also compares the markets of Pre COVID-19 and Post COVID-19.
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Additionally, the chapters 8-12 are specifically include the COVID-19 impact on each regional economy mentioned in the research study.
Total Market by Segment:
Global Automotive Forgings Market, By Type, 2018-2021, 2022-2030 (US$ Millions)
Global Automotive Forgings Market Segment Percentages, By Type, 2021 (%)
Iron
Alloy Steel
Aluminum
Microalloyed Steel
Global Automotive Forgings Market, By Application, 2018-2021, 2022-2030 (US$ Millions)
Global Automotive Forgings Market Segment Percentages, By Application, 2021 (%)
Crankshafts
Transmission Gears
Bearings
Clutch
Others
Global Automotive Forgings Market, By Region and Country, 2018-2021, 2022-2030 (US$ Millions)
Global Automotive Forgings Market Segment Percentages, By Region and Country, 2021 (%)
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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 an analysis of leading market participants, including:
Key companies Automotive Forgings revenues in global market, 2018-2021 (Estimated), (US$ Millions)
Key companies Automotive Forgings revenues share in global market, 2021 (%)
Key companies Automotive Forgings sales in global market, 2018-2021 (Estimated)
Key companies Automotive Forgings sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market; key players include:
Walker Forge Tennessee
Nanjing Automobile Forging
Akar Tools
Drop Forging
HangZhou Allgemein Forging
SDF Automotive
Kalyani Forge
CIE Automotive
Accurate Steel Forgings
Bharat Forge
Trenton Forging
TSM Forging
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