Global Automotive Forging Market Size study & Forecast, by Vehicle Type (Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles), by Material Type (Aluminum, Steel, Others), by Components (Engine Components, Steering/chassis components, Trans

Global Automotive Forging Market Size study & Forecast, by Vehicle Type (Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles), by Material Type (Aluminum, Steel, Others), by Components (Engine Components, Steering/chassis components, Transmission components, Drive Components, Other Components) and Regional Analysis, 2022-2029

Global Automotive Forging Market is valued at approximately USD 40.49 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.1 % over the forecast period 2022-2029. Forging is an industrial process that includes the molding of metal using compression. Components of automotive forging include engine parts, chassis, axles, bearings, gears, and other things. Depending on the required mechanical properties, this method can be applied to a variety of materials. In addition, compared to other manufacturing processes, metal forging provides some of the hardest manufactured parts with high mechanical properties. The key factors driving the market growth are growing vehicle production and rising demand for lightweight fuel-efficient vehicles. As fossil fuel prices rise rapidly, the demand for lightweight, fuel-efficient vehicles is growing significantly. Aluminum and other lightweight materials are used to make the parts and automobile components for these light cars. The demand for aluminum-forged products is therefore expected to increase in the next years due to increased sales of lightweight vehicles.

Vehicle production is globally rising due to increasing vehicle demand which creates a lucrative demand for automotive forging market. According to Statista, in 2020 the revenue of global automotive manufacturing industry was USD 2.71 trillion and in 2022 the number reached USD 2.95 trillion. Also, rising adoption of smart manufacturing technology and automation is anticipated to create a lucrative opportunity for the market during the forecast period. However, the increasing electric vehicle penetration stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Automotive Forging Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is the dominating and fastest growing region across the world in terms of market share. Factors such as the presence of major market players and rising demand for automotive vehicles would create lucrative growth prospects for the Automotive Forging market across Asia Pacific region.

Major market players included in this report are:
ThyssenKrupp AG (Germany)
CIE Automotive (Spain)
NTN Corporation (Japan)
American Axle and Manufacturing Inc. (U.S.)
Bharat Forge Limited (India)
Ramkrishna Forgings (India)
Dana Limited (U.S.)
Meritor Inc. (U.S.)
ZF Friedrichshafen AG (Germany)

Recent Developments in the Market:
 In 2022, Ramkrishna Forgings Limited acquired a multi-year contract order valued at USD 13.5 million per year from the major producer of chassis-related components and systems mainly for trailers and trailers, buses, and trucks in the U.S.

Global Automotive Forging Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Vehicle Type, Material Type, Components, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:

By Vehicle Type:
Passenger Car
Light Commercial Vehicles
Heavy Commercial Vehicles

By Material Type:
Aluminum
Steel
Others

By Components:
Engine Components
Steering/chassis components
Transmission components
Drive Components
Other Components

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

ThyssenKrupp AG (Germany)
CIE Automotive (Spain)
NTN Corporation (Japan)
American Axle and Manufacturing Inc. (U.S.)
Bharat Forge Limited (India)
Ramkrishna Forgings (India)
Dana Limited (U.S.)
Meritor Inc. (U.S.)
ZF Friedrichshafen AG (Germany)

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.


Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Automotive Forging Market, by Region, 2019-2029 (USD Billion)
1.2.2. Automotive Forging Market, by Vehicle Type, 2019-2029 (USD Billion)
1.2.3. Automotive Forging Market, by Material Type, 2019-2029 (USD Billion)
1.2.4. Automotive Forging Market, by Components, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Automotive Forging Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Automotive Forging Market Dynamics
3.1. Automotive Forging Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Growing vehicle production
3.1.1.2. Rising demand for lightweight fuel-efficient vehicles
3.1.2. Market Challenges
3.1.2.1. Increasing electric vehicle penetration
3.1.3. Market Opportunities
3.1.3.1. Rising adoption of smart manufacturing technology and automation
Chapter 4. Global Automotive Forging Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Automotive Forging Market, by Vehicle Type
6.1. Market Snapshot
6.2. Global Automotive Forging Market by Vehicle Type, Performance - Potential Analysis
6.3. Global Automotive Forging Market Estimates & Forecasts by Vehicle Type 2019-2029 (USD Billion)
6.4. Automotive Forging Market, Sub Segment Analysis
6.4.1. Passenger Car
6.4.2. Light Commercial Vehicles
6.4.3. Heavy Commercial Vehicles
Chapter 7. Global Automotive Forging Market, by Material Type
7.1. Market Snapshot
7.2. Global Automotive Forging Market by Material Type, Performance - Potential Analysis
7.3. Global Automotive Forging Market Estimates & Forecasts by Material Type 2019-2029 (USD Billion)
7.4. Automotive Forging Market, Sub Segment Analysis
7.4.1. Aluminum
7.4.2. Steel
7.4.3. Others
Chapter 8. Global Automotive Forging Market, by Components
8.1. Market Snapshot
8.2. Global Automotive Forging Market by Components, Performance - Potential Analysis
8.3. Global Automotive Forging Market Estimates & Forecasts by Components 2019-2029 (USD Billion)
8.4. Automotive Forging Market, Sub Segment Analysis
8.4.1. Engine Components
8.4.2. Steering/chassis components
8.4.3. Transmission components
8.4.4. Drive Components
8.4.5. Other Components
Chapter 9. Global Automotive Forging Market, Regional Analysis
9.1. Automotive Forging Market, Regional Market Snapshot
9.2. North America Automotive Forging Market
9.2.1. U.S. Automotive Forging Market
9.2.1.1. Vehicle Type breakdown estimates & forecasts, 2019-2029
9.2.1.2. Material Type breakdown estimates & forecasts, 2019-2029
9.2.1.3. Components breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Automotive Forging Market
9.3. Europe Automotive Forging Market Snapshot
9.3.1. U.K. Automotive Forging Market
9.3.2. Germany Automotive Forging Market
9.3.3. France Automotive Forging Market
9.3.4. Spain Automotive Forging Market
9.3.5. Italy Automotive Forging Market
9.3.6. Rest of Europe Automotive Forging Market
9.4. Asia-Pacific Automotive Forging Market Snapshot
9.4.1. China Automotive Forging Market
9.4.2. India Automotive Forging Market
9.4.3. Japan Automotive Forging Market
9.4.4. Australia Automotive Forging Market
9.4.5. South Korea Automotive Forging Market
9.4.6. Rest of Asia Pacific Automotive Forging Market
9.5. Latin America Automotive Forging Market Snapshot
9.5.1. Brazil Automotive Forging Market
9.5.2. Mexico Automotive Forging Market
9.5.3. Rest of Latin America Automotive Forging Market
9.6. Rest of The World Automotive Forging Market
Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. ThyssenKrupp AG (Germany)
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. CIE Automotive (Spain)
10.2.3. NTN Corporation (Japan)
10.2.4. American Axle and Manufacturing Inc. (U.S.)
10.2.5. Bharat Forge Limited (India)
10.2.6. Ramkrishna Forgings (India)
10.2.7. Dana Limited (U.S.)
10.2.8. Meritor Inc. (U.S.)
10.2.9. ZF Friedrichshafen AG (Germany)
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption
List of Tables
TABLE 1. Global Automotive Forging Market, report scope
TABLE 2. Global Automotive Forging Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Automotive Forging Market estimates & forecasts by Vehicle Type 2019-2029 (USD Billion)
TABLE 4. Global Automotive Forging Market estimates & forecasts by Material Type 2019-2029 (USD Billion)
TABLE 5. Global Automotive Forging Market estimates & forecasts by Components 2019-2029 (USD Billion)
TABLE 6. Global Automotive Forging Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Automotive Forging Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Automotive Forging Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Automotive Forging Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Automotive Forging Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Automotive Forging Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Automotive Forging Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Automotive Forging Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Automotive Forging Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Automotive Forging Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Automotive Forging Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. U.S. Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Automotive Forging Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 20. Canada Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. Canada Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Automotive Forging Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 23. UK Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. UK Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Automotive Forging Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 26. Germany Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. Germany Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Automotive Forging Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 29. France Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. France Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Automotive Forging Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 32. Italy Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Italy Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Automotive Forging Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 35. Spain Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. Spain Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Automotive Forging Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 38. RoE Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. RoE Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Automotive Forging Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 41. China Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. China Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Automotive Forging Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 44. India Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. India Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Automotive Forging Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 47. Japan Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. Japan Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Automotive Forging Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 50. South Korea Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. South Korea Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Automotive Forging Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 53. Australia Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. Australia Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Automotive Forging Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 56. RoAPAC Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. RoAPAC Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Automotive Forging Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 59. Brazil Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Brazil Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Automotive Forging Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 62. Mexico Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. Mexico Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Automotive Forging Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 65. RoLA Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. RoLA Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Automotive Forging Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 68. Row Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. Row Automotive Forging Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Automotive Forging Market
TABLE 71. List of primary sources, used in the study of global Automotive Forging Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
FIG 1. Global Automotive Forging Market, research methodology
FIG 2. Global Automotive Forging Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Automotive Forging Market, key trends 2021
FIG 5. Global Automotive Forging Market, growth prospects 2022-2029
FIG 6. Global Automotive Forging Market, porters 5 force model
FIG 7. Global Automotive Forging Market, pest analysis
FIG 8. Global Automotive Forging Market, value chain analysis
FIG 9. Global Automotive Forging Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Automotive Forging Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Automotive Forging Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Automotive Forging Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Automotive Forging Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Automotive Forging Market, regional snapshot 2019 & 2029
FIG 15. North America Automotive Forging Market 2019 & 2029 (USD Billion)
FIG 16. Europe Automotive Forging Market 2019 & 2029 (USD Billion)
FIG 17. Asia Pacific Automotive Forging Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Automotive Forging Market 2019 & 2029 (USD Billion)
FIG 19. Global Automotive Forging Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

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