(MENAFN- Ameliorate Digital Consultancy) automotive forging market 2022 – Summary
Automotive Forging Market Segmented By vehicle type such as Heavy Commercial Vehicles, Light Commercial Vehicles, Passenger Vehicles as well by automotive component Gears, Crankshaft, Axle, Bearing, Piston, Steering Knuckle, CV Joint, Beam, Fittings & Flanges, valve bodies & High-pressure valves, Others
The global automotive forging market is expected to grow at a CAGR of 7.5% from 2021 to 2031 . The growth of the automotive forging market can be attributed to the increasing demand for lightweight vehicles and the rising popularity of electric vehicles. Automotive forgings are used in a wide range of applications, including engine blocks, transmission cases, differential housings, and wheel hubs.
Request for Free Sample Copy of Automotive Forging Market Report@
Additionally, a limited range of 3-D shapes can be created using closed-die forging and impression-die forging of steel, titanium, aluminium, and other alloys. Additionally, hydraulic presses, hammer presses, and mechanical presses with capacities up to 50,000 tonnes, 20,000 tonnes, and 50,000 lbs. are typically used to create impression-die forgings. Additionally, finisher dies are employed in the bending processes used in the production of symmetric and asymmetric automotive parts.
Moreover, temperature sensitive material such as magnesium, refractory alloys, titanium alloys and nickel-based super alloys may require a special forging process or special equipment for forging in impression dies. The future stance in the global heavy-truck composite component market is anticipated to remain optimistic & the market is anticipated to witness double digit CAGR growth over the forecast period.
Key Players- Key participants of the global Automotive Forging market are following: Kalyani Group About Forge Super Auto Forge Private Limited GAZ Group TBK Co., Ltd. EL FORGE LIMITED Schweiger fulpmes GesmbH NIPPON STEEL & SUMITOMO METAL CORPORATION thyssenkrupp Forging Group Agrasen Engineering Industries Pvt. Ltd. Advance Forgings Pvt. Ltd. and more
Buy Now this report@
Automotive Forging Market: Dynamics:
The demand of forged automotive components is likely to be generated primarily from automotive ancillary sector which supplies the finished products to automotive OEMs. Increasing demand for better driving experience in terms of smooth gear shifting & progress in acceleration and improvement in the installation of automotive parts, triggering the global forged automotive component market.
It is expected to increase demand for light commercial vehicle and passenger car in domestic as well as export market enhances the global forged automotive component market during the forecast period.
It is anticipated that fluctuating oil and gas price may hinder the global forged automotive component market during the forecast period. Furthermore, slowdown in automobile production and the availability of the alternative metal forming process is anticipated to hinder the market. On the other hand, increasing demand for electric vehicles with the chassis and ancillary parts made of polymer materials is expected to cause a decline in demand of the global forged automotive component market during the forecast period.
Forged Automotive Component Market: Segmentation:
basis of vehicle type
Heavy Commercial Vehicles Light Commercial Vehicles Passenger Vehicles
basis of Automotive Component
Gears Crankshaft Axle Bearing Piston Steering Knuckle CV Joint Beam Fittings & Flanges valve bodies & High-pressure valves Others
basis of forging process
Impression Die Forging ( Hydraulic Presses, Mechanical Presses, Hammers) Cold Forging Open Die Forging Seamless Rolled Ring Forging
Request for Table of Content@
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Automotive Forging Market Manufacturers
Automotive Forging Market Distributors/Traders/Wholesalers
Automotive Forging Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
If you have any special requirements, please let us know and we will offer you the report as you want.
Request you to Read More-
commercial aircraft market
Global commercial aircraft market expected to reach a healthy revenue of US$ 330 billion, and with a robust CAGR of 4.1% for the period from year 2017 to 2022.
europe compact wheel loader market
By value, Persistence Market Research has estimated 2.5% CAGR for the Europe compact wheel loader market from 2022 to 2032. Top 5 manufacturers of compact wheel loaders accounted for around 60% market share in 2021..
About us: –
Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
Contact Us:
Persistence market research
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales –