Automotive Forging Market, By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, and Others), By Material Type (Steel and Aluminum), By Application (Gears, Crankshaft, Piston, Axle, Bearing, Connecting Roads, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2027.

Forging is a designing process which involves metal shaping using localized compressive forces. The blows are delivered with a die or a hammer (mainly a power hammer). Forging is frequently categorized as per the temperature at which it is performed: warm forging, cold forging (a type of cold working), or hot forging (a type of hot working).Automotive Forging Market size was valued at US$ 83.9 billion in 2019 and is projected to register a CAGR of 7.6% from 2020 to 2027

Growth in aerospace sector

Rising passenger traffic from highly populated countries such as China and India are fascinating airlines to expand their number of flights. For instance, India is estimates to be the third-highest aviation market with about 478 million passengers by 2036 and the country will require about 2,400 aircrafts by 2036 accounting due to increasing travel demands. Hence, the development of the aerospace sector would result to a consequent growth in demand for metal forging.

Strict rules and regulations

Stringent rules regarding the use of high-performance lightweight components in the automotive and aerospace industries boosts the demand for metal forging, mainly for titanium and aluminum materials. For example, the density of aluminum is around 34.0% of steel and 30.0% of copper forging, which forces producers to switch to aluminum forged products for their vehicle components.

However, with the development of electric vehicles in the market, the automotive forging market is projected to be negatively impacted as electronic vehicles require limited forged components. Although electronic vehicles have not become commercialized in the market yet, they are anticipated to have a substantial impact on the automotive forging market in the coming years.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

The global automotive forging market is segmented based on vehicle type, material type, application, and region.

On the basis of vehicle type, the global automotive forging market is segmented into passenger car, light commercial vehicle, medium & heavy commercial vehicle, and others. On the basis of material type, the target market is classified into steel and aluminum. On the basis of application, the target market is classified into gears, crankshaft, piston, axle, bearing, connecting roads, and others.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the global automotive forging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is projected to be the leading region in the global automotive forging market and would be followed by North America. Rapid economic growth in countries, development in infrastructure, and industrialization such as China, India, and Indonesia, will boost the growth of the automotive forging market in Asia Pacific. Additionally, China and India are the pivots for automotive forging manufacturers. Moreover, promising government initiatives are promoting the manufacturing sector in the region, which would influence the growth of the automotive forging market over the forecast period. Europe and North America are projected to register reasonable growth in the automotive forging market. Favorable political scenario and positive economic outlook in Latin America are the two factors anticipated to fuel investments in the automotive industry, which in turn, will encourage the growth of the automotive forging market.

Report Scope:

Attribute	Details
Base year for estimation	2019
Forecast period	2019 – 2027
Market representation	Revenue in USD Million & CAGR from 2019 – 2027
Market Segmentation	By Vehicle Type - Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, and Others By Material Type- Steel and Aluminum By Application-. Gears, Crankshaft, Piston, Axle, Bearing, Connecting Roads, and Others
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest application trends and opportunities in each of the sub-segments from 2019 to 2027. For the purpose of this study, has segmented the global automotive forging market report based on vehicle type, material type, application, and region.

Global Automotive Forging Market, By Vehicle Type:

• Passenger Car
• Light Commercial Vehicle
• Medium & Heavy Commercial Vehicle
• Others

 Global Automotive Forging Market, By Material Type:

• Steel
• Aluminum

 Global Automotive Forging Market, By Application:

• Gears
• Crankshaft
• Piston
• Axle
• Bearing
• Connecting Roads
• Others

 Global Automotive Forging Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players operating the global automotive forging market includes Bharat Forge Limited, Thyssenkrupp AG, Meritor Inc., CIE Automotive, S.A., India Forge & Drop Stampings Ltd.,NTN Corporation, Dana Inc., American Axle & Manufacturing, Inc., Ramkrishna Forgings, and Nanjing Automobile Forging Co. Ltd. Prominent players are engaged in new product development and capacity expansions in order to strengthen and sustain their market position. For instance, in October 2019, American Axle & Manufacturing, Inc. started a new manufacturing plant near Barcelona to help the European automotive manufacturers. The company designs and manufactures automotive driveline components.

• Bharat Forge Limited
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
  • Business Strategies

• Thyssenkrupp AG
• Meritor Inc.
• CIE Automotive, S.A.
• India Forge & Drop Stampings Ltd.
• NTN Corporation
• Dana Inc.
• American Axle & Manufacturing, Inc.
• Ramkrishna Forgings
• Nanjing Automobile Forging Co. Ltd

“*” marked represents similar segmentation in other categories in the respective section

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years Considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Thickness Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
3. Market Purview
   • Executive Summary
   • Key Findings—Global Outlook for Automotive Forging Strategies
     • Key Questions this Study will Answer
     • Market Snippet, By Vehicle Type
     • Market Snippet, By Material Type
     • Market Snippet, By Application
     • Market Snippet, By Region
   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Global Automotive Forging Market, By Vehicle Type, 2019 – 2027, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2027
     • Y-o-Y Growth Analysis (%), 2019 – 2027
     • Segment Trends
   • Passenger Car
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2027
   • Light Commercial Vehicle
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2027
   • Medium & Heavy Commercial Vehicle
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2027
   • Others
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2027
6. Global Automotive Forging Market, By Material Type, 2019 – 2027, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2027
     • Y-o-Y Growth Analysis (%), 2019 – 2027
     • Segment Trends
   • Steel
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2027
   • Aluminum
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2027
7. Global Automotive Forging Market, By Application, 2019 – 2027, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2027
     • Y-o-Y Growth Analysis (%), 2019 – 2027
     • Segment Trends
   • Gears
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2027
   • Crankshaft
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2027
   • Piston
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2027
   • Axle
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2027
   • Bearing
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2027
   • Connecting Roads
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2027
   • Others
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2027
8. Global Automotive Forging Market, By Region, 2019 – 2027, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2027
     • Y-o-Y Growth Analysis (%), 2019 – 2027
     • Regional Trends
   • North America
     • Market Size and Forecast (US$ Mn), By Vehicle Type, 2019 – 2027
     • Market Size and Forecast (US$ Mn), By Material Type, 2019 – 2027
     • Market Size and Forecast (US$ Mn), By Application, 2019 – 2027
     • Market Size and Forecast (US$ Mn), By Country, 2019 – 2027
       • U.S.
       • Canada
   • Europe
     • Market Size and Forecast (US$ Mn), By Vehicle Type, 2019 – 2027
     • Market Size and Forecast (US$ Mn), By Material Type, 2019 – 2027
     • Market Size and Forecast (US$ Mn), By Application, 2019 – 2027
     • Market Size and Forecast (US$ Mn), By Country, 2019 – 2027
       • Germany
       • UK
       • France
       • Russia
       • Italy
       • Rest of Europe
   • Asia Pacific
     • Market Size and Forecast (US$ Mn), By Vehicle Type, 2019 – 2027
     • Market Size and Forecast (US$ Mn), By Material Type, 2019 – 2027
     • Market Size and Forecast (US$ Mn), By Application, 2019 – 2027
     • Market Size and Forecast (US$ Mn), By Country, 2019 – 2027
       • China
       • India
       • Japan
       • South Korea
       • Rest of Asia Pacific
   • Latin America
     • Market Size and Forecast (US$ Mn), By Vehicle Type, 2019 – 2027
     • Market Size and Forecast (US$ Mn), By Material Type, 2019 – 2027
     • Market Size and Forecast (US$ Mn), By Application, 2019 – 2027
     • Market Size  and Forecast (US$ Mn), By Country, 2019 – 2027
       • Brazil
       • Mexico
       • Rest of Latin America
   • Middle East & Africa
     • Market Size and Forecast (US$ Mn), By Vehicle Type, 2019 – 2027
     • Market Size and Forecast (US$ Mn), By Material Type, 2019 – 2027
     • Market Size and Forecast (US$ Mn), By Application, 2019 – 2027
     • Market Size and Forecast (US$ Mn), By Country, 2019 – 2027
       • GCC
       • Israel
       • South Africa
       • Rest of Middle East
9. Competitive Landscape
   • Heat Map Analysis
   • Market Presence and Specificity Analysis
10. Company Profiles
    • • Bharat Forge Limited
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategies
      • Thyssenkrupp AG
      • Meritor Inc.
      • CIE Automotive, S.A.
      • India Forge & Drop Stampings Ltd.
      • NTN Corporation
      • Dana Inc.
      • American Axle & Manufacturing, Inc.
      • Ramkrishna Forgings
      • Nanjing Automobile Forging Co. Ltd
11. The Last Word
    • Future Impact
    • About Us
    • Contact