Forging is a manufacturing process involving the shaping of metal using localized compressive forces. The blows are delivered with a hammer (often a power hammer) or a die. Forging is often classified according to the temperature at which it is performed: cold forging (a type of cold working), warm forging, or hot forging (a type of hot working). For the latter two, the metal is heated, usually in a forge. Forged parts can range in weight from less than a kilogram to hundreds of metric tons. Forging has been done by smiths for millennia; the traditional products were kitchenware, hardware, hand tools, edged weapons, cymbals, and jewellery. Since the Industrial Revolution, forged parts are widely used in mechanisms and machines wherever a component requires high strength; such forgings usually require further processing (such as machining) to achieve a finished part. Today, forging is a major worldwide industry.
The global Automotive Forgings market was valued at US$ 47600 million in 2023 and is anticipated to reach US$ 69080 million by 2030, witnessing a CAGR of 5.4% during the forecast period 2024-2030.
Global Automotive Forgings key players include Bharat Forge Limited, Nippon Steel & Sumitomo Metal, Aichi Steel, Thyssenkrupp, AAM, etc. Global top five manufacturers hold a share nearly 10%.
China is the largest market, with a share about 35%, followed by Europe, and India, both have a share over 30 percent.
In terms of product, Closed Die is the largest segment, with a share over 70%. And in terms of application, the largest application is Powertrain Components, followed by Chassis Components, Transmission Parts, etc.
This report aims to provide a comprehensive presentation of the global market for Automotive Forgings, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Forgings.
Report Scope
The Automotive Forgings market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Automotive Forgings market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Automotive Forgings manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Nippon Steel & Sumitomo Metal
Aichi Steel
Thyssenkrupp
AAM
Bharat Forge Limited
KOBELCO
WanXiang
FAW
Arconic
Mahindra Forgings Europe
Farinia Group
Longcheng Forging
Sinotruck
Dongfeng Forging
Jiangsu Pacific Precision Forging
Sypris Solutions
Ashok Leyland Limited
Allegheny Technologies
VDM Metals
CITIC Heavy Industries
Segment by Type
Closed Die Forgings
Open Die Forgings
Rolled Rings Forgings
Segment by Application
Powertrain Components
Chassis Components
Transmission Parts
Other Parts
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Automotive Forgings manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Automotive Forgings by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Automotive Forgings in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Automotive Forgings Market Overview
1.1 Product Definition
1.2 Automotive Forgings Segment by Type
1.2.1 Global Automotive Forgings Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Closed Die Forgings
1.2.3 Open Die Forgings
1.2.4 Rolled Rings Forgings
1.3 Automotive Forgings Segment by Application
1.3.1 Global Automotive Forgings Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Powertrain Components
1.3.3 Chassis Components
1.3.4 Transmission Parts
1.3.5 Other Parts
1.4 Global Market Growth Prospects
1.4.1 Global Automotive Forgings Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Automotive Forgings Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Automotive Forgings Production Estimates and Forecasts (2019-2030)
1.4.4 Global Automotive Forgings Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Automotive Forgings Production Market Share by Manufacturers (2019-2024)
2.2 Global Automotive Forgings Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Automotive Forgings, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Automotive Forgings Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Automotive Forgings Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Automotive Forgings, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Automotive Forgings, Product Offered and Application
2.8 Global Key Manufacturers of Automotive Forgings, Date of Enter into This Industry
2.9 Automotive Forgings Market Competitive Situation and Trends
2.9.1 Automotive Forgings Market Concentration Rate
2.9.2 Global 5 and 10 Largest Automotive Forgings Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Automotive Forgings Production by Region
3.1 Global Automotive Forgings Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Automotive Forgings Production Value by Region (2019-2030)
3.2.1 Global Automotive Forgings Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Automotive Forgings by Region (2025-2030)
3.3 Global Automotive Forgings Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Automotive Forgings Production by Region (2019-2030)
3.4.1 Global Automotive Forgings Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Automotive Forgings by Region (2025-2030)
3.5 Global Automotive Forgings Market Price Analysis by Region (2019-2024)
3.6 Global Automotive Forgings Production and Value, Year-over-Year Growth
3.6.1 North America Automotive Forgings Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Automotive Forgings Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Automotive Forgings Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Automotive Forgings Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea Automotive Forgings Production Value Estimates and Forecasts (2019-2030)
3.6.6 India Automotive Forgings Production Value Estimates and Forecasts (2019-2030)
4 Automotive Forgings Consumption by Region
4.1 Global Automotive Forgings Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Automotive Forgings Consumption by Region (2019-2030)
4.2.1 Global Automotive Forgings Consumption by Region (2019-2024)
4.2.2 Global Automotive Forgings Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Automotive Forgings Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Automotive Forgings Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Automotive Forgings Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Automotive Forgings Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Automotive Forgings Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Automotive Forgings Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Automotive Forgings Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Automotive Forgings Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Automotive Forgings Production by Type (2019-2030)
5.1.1 Global Automotive Forgings Production by Type (2019-2024)
5.1.2 Global Automotive Forgings Production by Type (2025-2030)
5.1.3 Global Automotive Forgings Production Market Share by Type (2019-2030)
5.2 Global Automotive Forgings Production Value by Type (2019-2030)
5.2.1 Global Automotive Forgings Production Value by Type (2019-2024)
5.2.2 Global Automotive Forgings Production Value by Type (2025-2030)
5.2.3 Global Automotive Forgings Production Value Market Share by Type (2019-2030)
5.3 Global Automotive Forgings Price by Type (2019-2030)
6 Segment by Application
6.1 Global Automotive Forgings Production by Application (2019-2030)
6.1.1 Global Automotive Forgings Production by Application (2019-2024)
6.1.2 Global Automotive Forgings Production by Application (2025-2030)
6.1.3 Global Automotive Forgings Production Market Share by Application (2019-2030)
6.2 Global Automotive Forgings Production Value by Application (2019-2030)
6.2.1 Global Automotive Forgings Production Value by Application (2019-2024)
6.2.2 Global Automotive Forgings Production Value by Application (2025-2030)
6.2.3 Global Automotive Forgings Production Value Market Share by Application (2019-2030)
6.3 Global Automotive Forgings Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Nippon Steel & Sumitomo Metal
7.1.1 Nippon Steel & Sumitomo Metal Automotive Forgings Corporation Information
7.1.2 Nippon Steel & Sumitomo Metal Automotive Forgings Product Portfolio
7.1.3 Nippon Steel & Sumitomo Metal Automotive Forgings Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Nippon Steel & Sumitomo Metal Main Business and Markets Served
7.1.5 Nippon Steel & Sumitomo Metal Recent Developments/Updates
7.2 Aichi Steel
7.2.1 Aichi Steel Automotive Forgings Corporation Information
7.2.2 Aichi Steel Automotive Forgings Product Portfolio
7.2.3 Aichi Steel Automotive Forgings Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Aichi Steel Main Business and Markets Served
7.2.5 Aichi Steel Recent Developments/Updates
7.3 Thyssenkrupp
7.3.1 Thyssenkrupp Automotive Forgings Corporation Information
7.3.2 Thyssenkrupp Automotive Forgings Product Portfolio
7.3.3 Thyssenkrupp Automotive Forgings Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Thyssenkrupp Main Business and Markets Served
7.3.5 Thyssenkrupp Recent Developments/Updates
7.4 AAM
7.4.1 AAM Automotive Forgings Corporation Information
7.4.2 AAM Automotive Forgings Product Portfolio
7.4.3 AAM Automotive Forgings Production, Value, Price and Gross Margin (2019-2024)
7.4.4 AAM Main Business and Markets Served
7.4.5 AAM Recent Developments/Updates
7.5 Bharat Forge Limited
7.5.1 Bharat Forge Limited Automotive Forgings Corporation Information
7.5.2 Bharat Forge Limited Automotive Forgings Product Portfolio
7.5.3 Bharat Forge Limited Automotive Forgings Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Bharat Forge Limited Main Business and Markets Served
7.5.5 Bharat Forge Limited Recent Developments/Updates
7.6 KOBELCO
7.6.1 KOBELCO Automotive Forgings Corporation Information
7.6.2 KOBELCO Automotive Forgings Product Portfolio
7.6.3 KOBELCO Automotive Forgings Production, Value, Price and Gross Margin (2019-2024)
7.6.4 KOBELCO Main Business and Markets Served
7.6.5 KOBELCO Recent Developments/Updates
7.7 WanXiang
7.7.1 WanXiang Automotive Forgings Corporation Information
7.7.2 WanXiang Automotive Forgings Product Portfolio
7.7.3 WanXiang Automotive Forgings Production, Value, Price and Gross Margin (2019-2024)
7.7.4 WanXiang Main Business and Markets Served
7.7.5 WanXiang Recent Developments/Updates
7.8 FAW
7.8.1 FAW Automotive Forgings Corporation Information
7.8.2 FAW Automotive Forgings Product Portfolio
7.8.3 FAW Automotive Forgings Production, Value, Price and Gross Margin (2019-2024)
7.8.4 FAW Main Business and Markets Served
7.7.5 FAW Recent Developments/Updates
7.9 Arconic
7.9.1 Arconic Automotive Forgings Corporation Information
7.9.2 Arconic Automotive Forgings Product Portfolio
7.9.3 Arconic Automotive Forgings Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Arconic Main Business and Markets Served
7.9.5 Arconic Recent Developments/Updates
7.10 Mahindra Forgings Europe
7.10.1 Mahindra Forgings Europe Automotive Forgings Corporation Information
7.10.2 Mahindra Forgings Europe Automotive Forgings Product Portfolio
7.10.3 Mahindra Forgings Europe Automotive Forgings Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Mahindra Forgings Europe Main Business and Markets Served
7.10.5 Mahindra Forgings Europe Recent Developments/Updates
7.11 Farinia Group
7.11.1 Farinia Group Automotive Forgings Corporation Information
7.11.2 Farinia Group Automotive Forgings Product Portfolio
7.11.3 Farinia Group Automotive Forgings Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Farinia Group Main Business and Markets Served
7.11.5 Farinia Group Recent Developments/Updates
7.12 Longcheng Forging
7.12.1 Longcheng Forging Automotive Forgings Corporation Information
7.12.2 Longcheng Forging Automotive Forgings Product Portfolio
7.12.3 Longcheng Forging Automotive Forgings Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Longcheng Forging Main Business and Markets Served
7.12.5 Longcheng Forging Recent Developments/Updates
7.13 Sinotruck
7.13.1 Sinotruck Automotive Forgings Corporation Information
7.13.2 Sinotruck Automotive Forgings Product Portfolio
7.13.3 Sinotruck Automotive Forgings Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Sinotruck Main Business and Markets Served
7.13.5 Sinotruck Recent Developments/Updates
7.14 Dongfeng Forging
7.14.1 Dongfeng Forging Automotive Forgings Corporation Information
7.14.2 Dongfeng Forging Automotive Forgings Product Portfolio
7.14.3 Dongfeng Forging Automotive Forgings Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Dongfeng Forging Main Business and Markets Served
7.14.5 Dongfeng Forging Recent Developments/Updates
7.15 Jiangsu Pacific Precision Forging
7.15.1 Jiangsu Pacific Precision Forging Automotive Forgings Corporation Information
7.15.2 Jiangsu Pacific Precision Forging Automotive Forgings Product Portfolio
7.15.3 Jiangsu Pacific Precision Forging Automotive Forgings Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Jiangsu Pacific Precision Forging Main Business and Markets Served
7.15.5 Jiangsu Pacific Precision Forging Recent Developments/Updates
7.16 Sypris Solutions
7.16.1 Sypris Solutions Automotive Forgings Corporation Information
7.16.2 Sypris Solutions Automotive Forgings Product Portfolio
7.16.3 Sypris Solutions Automotive Forgings Production, Value, Price and Gross Margin (2019-2024)
7.16.4 Sypris Solutions Main Business and Markets Served
7.16.5 Sypris Solutions Recent Developments/Updates
7.17 Ashok Leyland Limited
7.17.1 Ashok Leyland Limited Automotive Forgings Corporation Information
7.17.2 Ashok Leyland Limited Automotive Forgings Product Portfolio
7.17.3 Ashok Leyland Limited Automotive Forgings Production, Value, Price and Gross Margin (2019-2024)
7.17.4 Ashok Leyland Limited Main Business and Markets Served
7.17.5 Ashok Leyland Limited Recent Developments/Updates
7.18 Allegheny Technologies
7.18.1 Allegheny Technologies Automotive Forgings Corporation Information
7.18.2 Allegheny Technologies Automotive Forgings Product Portfolio
7.18.3 Allegheny Technologies Automotive Forgings Production, Value, Price and Gross Margin (2019-2024)
7.18.4 Allegheny Technologies Main Business and Markets Served
7.18.5 Allegheny Technologies Recent Developments/Updates
7.19 VDM Metals
7.19.1 VDM Metals Automotive Forgings Corporation Information
7.19.2 VDM Metals Automotive Forgings Product Portfolio
7.19.3 VDM Metals Automotive Forgings Production, Value, Price and Gross Margin (2019-2024)
7.19.4 VDM Metals Main Business and Markets Served
7.19.5 VDM Metals Recent Developments/Updates
7.20 CITIC Heavy Industries
7.20.1 CITIC Heavy Industries Automotive Forgings Corporation Information
7.20.2 CITIC Heavy Industries Automotive Forgings Product Portfolio
7.20.3 CITIC Heavy Industries Automotive Forgings Production, Value, Price and Gross Margin (2019-2024)
7.20.4 CITIC Heavy Industries Main Business and Markets Served
7.20.5 CITIC Heavy Industries Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Automotive Forgings Industry Chain Analysis
8.2 Automotive Forgings Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Automotive Forgings Production Mode & Process
8.4 Automotive Forgings Sales and Marketing
8.4.1 Automotive Forgings Sales Channels
8.4.2 Automotive Forgings Distributors
8.5 Automotive Forgings Customers
9 Automotive Forgings Market Dynamics
9.1 Automotive Forgings Industry Trends
9.2 Automotive Forgings Market Drivers
9.3 Automotive Forgings Market Challenges
9.4 Automotive Forgings Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Nippon Steel & Sumitomo Metal
Aichi Steel
Thyssenkrupp
AAM
Bharat Forge Limited
KOBELCO
WanXiang
FAW
Arconic
Mahindra Forgings Europe
Farinia Group
Longcheng Forging
Sinotruck
Dongfeng Forging
Jiangsu Pacific Precision Forging
Sypris Solutions
Ashok Leyland Limited
Allegheny Technologies
VDM Metals
CITIC Heavy Industries
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*If Applicable.
