Press release
Global Forged Automotive Components Market Valued at US$ 50.3 Bn in 2025, Poised to Reach US$ 70.7 Bn by 2032, Expanding at a CAGR of 5.0%
Forged Automotive Components Market
The study explores how advancements in forging technologies, increasing adoption of lightweight yet durable materials, and growing automotive production across emerging economies are driving the market for forged components. With the rapid electrification of vehicles and a continued emphasis on performance efficiency, the forged automotive components sector remains a cornerstone of modern automotive engineering.
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Scope of the Forged Automotive Components Market Report
The Forged Automotive Components Industry Report provides a holistic overview of market dynamics, combining extensive primary and secondary research to deliver credible insights into growth trends, technological progress, and regional developments. The report covers the historical performance from 2019-2024, establishes 2024 as the base year, and presents a detailed forecast through 2032.
It encompasses pricing trends, production analysis, supply chain outlook, macroeconomic indicators, and competitive benchmarking. Furthermore, it assesses the market's value chain, innovation landscape, and the strategic initiatives undertaken by leading manufacturers to strengthen their global footprint.
Highlights and Key Insights of the Report
• Global market value of US$ 50.3 Bn in 2025, expected to reach US$ 70.7 Bn by 2032
• 5.0% CAGR anticipated from 2025 to 2032
• In-depth analysis of forging processes, including impression die forging, cold forging, open die forging, and hydraulic press methods
• Focus on lightweight and high-strength materials such as aluminum and advanced steel alloys for improved vehicle performance and fuel efficiency
• Detailed competitive landscape, profiling major players and their strategic market approaches
• Comprehensive regional breakdown covering North America, Latin America, Europe, East Asia, South Asia Pacific, and the Middle East & Africa
• Insights into emerging opportunities, R&D trends, and technological roadmaps shaping future market dynamics
• Detailed pricing analysis, supply chain assessment, and industry cost structure
• Evaluation of government regulations and environmental mandates influencing forging operations and material selection
Key Players Highlighted in This Report
• ThyssenKrupp AG (Germany)
• CIE Automotive (Spain)
• NTN Corporation (Japan)
• American Axle and Manufacturing Inc. (United States)
• Bharat Forge Limited (India)
• Ramkrishna Forgings (India)
• Dana Limited (United States)
• Meritor Inc. (United States)
• ZF Friedrichshafen AG (Germany)
• Kalyani Group (India)
• Om Forge (India)
• Super Auto Forge Private Limited (India)
• GAZ Group (Russia)
• TBK Co., Ltd. (Japan)
• EL Forge Limited (India)
• Schweiger Fulpmes GmbH (Austria)
• Nippon Steel & Sumitomo Metal Corporation (Japan)
• Agrasen Engineering Industries Pvt. Ltd. (India)
• Advance Forgings Pvt. Ltd. (India)
• SDF Automotive (Germany)
• Happy Forgings Limited (India)
• Indo Schöttle Auto Parts Pvt. Ltd. (India)
• Mueller Brass Co. (United States)
These companies collectively represent the core of the global forged automotive components ecosystem, competing through innovation, geographic expansion, and integration of advanced forging technologies.
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Segmentation of the Forged Automotive Components Market
By Vehicle Type:
• Heavy Commercial Vehicles (HCVs)
• Light Commercial Vehicles (LCVs)
• Passenger Vehicles
By Automotive Component:
• Connecting Rods
• Injectors
• Gears
• Crankshafts
• Axles
• Bearings
• Pistons
• Steering Knuckles
• CV Joints
• Beams
• Fittings & Flanges
• Valve Bodies & High-Pressure Valves
• Others
By Material:
• Steel
• Aluminum
• Other Materials
By Forging Process:
• Impression Die Forging
• Hydraulic Press Forging
• Mechanical Press Forging
• Hammer Forging
• Cold Forging
• Open Die Forging
• Seamless Rolled Ring Forging
By Application:
• Power Train Components
• Chassis Components
• Transmission Parts
• Other Parts
By Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa (MEA)
Read Detailed Analysis: https://www.persistencemarketresearch.com/market-research/forged-automotive-component-market.asp
Regional Overview
The report offers a detailed regional analysis highlighting the demand patterns, growth trajectories, and competitive environment across major markets:
North America:
The region remains a mature yet innovative market, led by the United States and Canada. Investments in electric mobility, advancements in precision forging, and rising demand for lightweight automotive materials drive steady growth. The presence of key players such as American Axle, Dana Limited, and Meritor Inc. strengthens the market ecosystem.
Europe:
Europe continues to be a significant hub for high-performance forged components, supported by automotive giants in Germany, France, Italy, and the UK. Stringent emission norms and the transition to hybrid and electric vehicles are fostering the development of advanced forged aluminum parts.
East Asia:
Countries like China, Japan, and South Korea collectively represent the largest production base for forged automotive components globally. Continuous innovation in material science, coupled with strong domestic automotive production, positions East Asia as the market leader through 2032.
South Asia Pacific:
India is emerging as a global powerhouse in forging technology, with companies like Bharat Forge and Ramkrishna Forgings expanding globally. Rising vehicle production and export-oriented forging industries in ASEAN countries also contribute to regional market expansion.
Latin America:
Automotive recovery in Brazil, Mexico, and Argentina is expected to sustain moderate growth. Local manufacturing incentives and collaborations with global OEMs are enhancing the supply chain for forged components.
Middle East & Africa:
While still developing, the MEA region shows promising growth potential driven by infrastructure investments, a growing automotive aftermarket, and an expanding industrial base, particularly in Türkiye, South Africa, and the GCC countries.
Reasons to Purchase this Report
• Detailed market size and forecast data for 2025-2032
• Comprehensive analysis of key growth drivers, challenges, and restraints
• In-depth segmentation by vehicle type, component, material, process, and application
• Strategic insights into technological innovations shaping the industry
• Competitive landscape with market share analysis of key players
• Regional outlook highlighting emerging opportunities and investment hotspots
• Invaluable for OEMs, suppliers, and investors seeking actionable intelligence
• Pricing trends, policy frameworks, and environmental regulation analysis
• Forecasts and strategic recommendations for market entry and expansion
To explore the full potential of this dynamic industry and gain a strategic edge in the evolving automotive landscape. Buy the Full Report Now from Persistence Market Research: https://www.persistencemarketresearch.com/checkout/19672
Important Issues Resolved in the Report
1. What is the current size of the global forged automotive components market?
The market is valued at US$ 50.3 billion in 2025.
2. What will be the market valuation by 2032?
The market is projected to reach US$ 70.7 billion by 2032, growing at a CAGR of 5.0%.
3. Which regions will exhibit the highest growth potential?
East Asia and South Asia Pacific are expected to witness the fastest expansion due to rising vehicle production and material innovation.
4. Who are the leading players in the forged automotive components market?
Major companies include ThyssenKrupp AG, Bharat Forge, CIE Automotive, ZF Friedrichshafen AG, and Dana Limited, among others.
5. What are the key factors driving market growth?
Increasing automotive production, demand for lightweight components, technological advancements in forging, and the rise of electric vehicles are primary drivers.
6. What challenges does the industry face?
High energy consumption, fluctuating raw material costs, and stringent emission regulations present challenges for market players.
7. Which forging processes are witnessing the highest adoption?
Impression die forging and cold forging are gaining traction due to their efficiency, precision, and adaptability to complex component geometries.
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About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
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