The Forged Automotive Component market is projected to grow at a CAGR of 5.5% from 2022 to 2030.

Forged Automotive Component Market Overview:

Forged Automotive Component Market is a manufacturing process that shapes metal by applying compressive forces using associated equipment. The automotive industry relies heavily on having forged steel auto parts to increase vehicle production. Forged steel is used to make formed automotive components such as crankshafts, axles, joints and bearings, and is necessary to handle torque.

Additionally, closed-die and compression-die forging of steel, titanium, aluminum, and other alloys can produce limited 3-D shapes. Additionally, die forgings are typically produced on hydraulic presses, hammers, and mechanical presses with capacities up to 50,000 tons, 20,000 tons, and 50,000 pounds. In addition, finishing molds are used to manufacture symmetrical and asymmetrical automotive components through bending operations.

Forged Automotive Component market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Forged Automotive Component market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.

The global Forged Automotive Component market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.

Top Key Players include in the Forged Automotive Component Market are
Kalyani, Om Forge, Super Auto Forge Private, GAZ, TBK, El Forge, Schweiger fulpmes, Nippon Steel & Sumitomo Metal, Thyssenkrupp Forging, Agrasen Engineering Industries, Advance Forgings, SDF Automotiv, and others.

The Forged Automotive Component market research report is categorized based on type, applications and region.

On the Basis of Type:

• Gears
• Crankshaft
• Axle
• Bearing
• Piston
• Steering Knuckle
• CV Joint
• Beam
• Fittings & Flanges

On the Basis of Application:

• Heavy Commercial Vehicles
• Light Commercial Vehicles
• Passenger Vehicles

On the Basis of Region:

Geographically, the global Forged Automotive Component market has been analyzed in various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, Europe, and India. The global Forged Automotive Component region is dominating this market in the upcoming future.

North America is expected to lead the global forged auto parts market owing to strong demand from the automotive component industry in specific countries such as the U.S. and Canada. In the global auto parts market, Europe is followed by North America. Germany accounts for the largest share of forged auto parts produced in Europe, followed by the United Kingdom, owing to rising vehicle sales and rising R&D investments by auto parts manufacturers.

The Asia Pacific region also derives considerable revenue from the global formed auto parts market, with increasing manufacturing activities in emerging countries such as China, India, and Japan. Moreover, the demand for forged automotive components in Middle East & Africa will grow significantly owing to increasing industrialization.

Further the regions are divided into countries as follows

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Forged Automotive Component Market report scope

Report Attributes	Details
Growth Rate	CAGR of 5.5% during forecast period.
By Type	Gears, Crankshaft, Axle, Bearing, Piston, Steering Knuckle, CV Joint, Beam, Fittings & Flanges
By Application	Heavy Commercial Vehicles, Light Commercial Vehicles, Passenger Vehicles
By Companies	Kalyani, Om Forge, Super Auto Forge Private, GAZ, TBK, El Forge, Schweiger fulpmes, Nippon Steel & Sumitomo Metal, Thyssenkrupp Forging, Agrasen Engineering Industries, Advance Forgings, SDF Automotiv
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

 

The major key questions addressed through this innovative research report:

What are the major challenges in front of the global Forged Automotive Component market?

Who are the key vendors of the global Forged Automotive Component market?

What are the leading key industries of the global Forged Automotive Component market?

Which factors are responsible for driving the global Forged Automotive Component market?

What are the key outcomes of SWOT and Porter’s five analysis?

What are the major key strategies for enhancing global opportunities?

What are the different effective sales patterns?

What will be the global market size in the forecast period?

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