Automotive Forged Parts Market Expected to Secure Notable Revenue Share in 2021-2031 – ManufactureLink


According to the regional research report, the global automotive forgings market the size is estimated to be $34.9 billion in 2021 and continues to grow at a CAGR of 5.12% from 2022 to 2030.

Forging provides good mechanical properties for automotive parts and ensures a more stable workplace. Forging is a manufacturing process involving the shaping of metal using localized compressive forces. Since the Industrial Revolution, forgings have been widely used in mechanisms and machinery wherever a component requires high strength; these forgings usually require additional processing (such as machining) to achieve a finished part.

This market study elaborates size, share, growth, market characteristics, competitor pricing, company share, market trends and market opportunities in the Automotive Forgings industry, and breaks down according to the type, application and area of ​​consumption of automotive forgings. The report also conducted Porter’s Five Forces Analysis, PESTEL Analysis, SWOT Analysis, Regulatory Landscape and Key Industry Buyers to study the major influencing factors and barriers to entry of the industry.

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In Chapter 3.4 of the report, the impact of the COVID-19 outbreak on the industry has been fully assessed. A comprehensive risk assessment and industry recommendations have been made for Automotive Forgings in a special period. This chapter also compares the Pre COVID-19 and Post COVID-19 markets.

Additionally, Chapters 8-12 specifically include the impact of COVID-19 on each regional economy mentioned in the research study.

Total market by segment:

Global Automotive Forged Parts Market, By Type, 2018-2021, 2022-2030 (USD Million)

Global Automotive Forgings Market Segment Percentages, by Type, 2021 (%)

  • Iron
  • Alloy steel
  • Aluminum
  • microalloyed steel

Global Automotive Forged Parts Market, by Application, 2018-2021, 2022-2030 (USD Million)

Global Automotive Forged Parts Market Segment Percentages, by Application, 2021 (%)

  • Crankshafts
  • transmission gears
  • Bearings
  • Clutch
  • Others

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Global automotive forgings market, by region and country, 2018-2021, 2022-2030 (USD Million)

Percentages of global automotive forgings market segment, by region and country, 2021 (%)

  • North America
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Russia
    • Nordic countries
    • Benelux
    • The rest of Europe

  • Asia
    • China
    • Japan
    • South Korea
    • South East Asia
    • India
    • Rest of Asia

  • South America
    • Brazil
    • Argentina
    • Rest of South America

  • Middle East and Africa
    • Turkey
    • Israel
    • Saudi Arabia
    • United Arab Emirates
    • Rest of the Middle East and Africa

Competition analysis

The report also provides analysis of key market players including:

  • Revenue of major automotive companies in the global market, 2018-2021 (estimated), (in millions of US dollars)
  • Automotive Forgings Key Companies Revenue Share in Global Market, 2021 (%)
  • Sales of automotive forged parts by top companies in the global market, 2018-2021 (estimated)
  • Sales share of the main forged automotive companies in the global market, 2021 (%)

Additionally, the report presents profiles of competitors in the market; key players include:

  • Walker Forge Tennessee
  • Nanjing Automobile Forging
  • Akar tools
  • Forging
  • Forging of HangZhou Allgemein
  • Homeless Automotive
  • Kalyani Forge
  • CIE Automotive
  • Precise steel forgings
  • Bharat’s Forge
  • Trenton Forge
  • TSM Forging

Years to consider for this report:

  • Historical years: 2018-2021
  • Base year: 2021
  • Estimated year: 2022
  • Forecast period: 2022-2030

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