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

Report Code: PMI431320 | Publish Date: July 2023 | No. of Pages: 172

Global Automotive Forging Market Companies

Recent news:

In May 2023, Arconic announced the acquisition of funds managed by Apollo Global Management. The acquisition aims to leverage Arconic's expertise in advanced manufacturing, metallurgy and innovation to create long-term value. Arconic is known for its products and solutions in aerospace, automotive and other high-growth markets. The transaction is subject to customary closing conditions and regulatory approvals.
In April 2022 - NuScale Power and the U.S. Reactor Forging Consortium (RFC) have partnered to advance NuScale's small modular reactor (SMR) technology and strengthen its reactor forging supply chain USA. RFC, which includes North American Forgemasters (NAF), Scot Forge and ATI Forged Products, is a group of highly qualified nuclear-grade forging suppliers. As part of the collaborative agreement, RFC and NuScale will collaborate on design reviews to optimize forging geometry, reduce welding, adjust chemistry and improve manufacturing configurations. This collaboration supports the commercialization of NuScale power modules (NPMs), an integral part of their SMR technology
In February 2022, Bharat Forge Limited announced that it has agreed to acquire JS Autocast Foundry India. The acquisition will enable Bharat Forge to expand its product portfolio across the industrial sector, customer base and manufacturing base in South India. Bharat Forge will acquire JS Auto for an upfront payment plus a deferred fixed payment at the end of the third year.