Europe & CIS Automotive Forging Market to Grow with a CAGR of 4.37% through 2030
Rising demand for lightweight vehicle components, growth in commercial
vehicle production, and increasing adoption of precision forging techniques are
the factors driving the market in the forecast period 2026–2030.
According to TechSci Research report, “Europe & CIS Automotive
Forging Market – By Country, Competition, Opportunities and Forecast, 2020-2030F”,
The Europe & CIS Automotive Forging Market was valued at USD 16.67 Billion
in 2024 and is expected to reach USD 21.54 Billion by 2030 with a CAGR of 4.37%
during the forecast period.
The Europe & CIS automotive forging market is evolving in response
to shifting manufacturing strategies, growing vehicle customization demands,
and the expanding focus on regionalized supply chains. With OEMs emphasizing
cost optimization and faster time-to-market, forging has gained traction as a
preferred method due to its ability to produce robust components with high
structural integrity in shorter cycles. As automakers diversify their product
portfolios across conventional, performance, and electric variants, the
requirement for specialized forged components tailored to diverse powertrain
layouts and chassis designs has intensified. This has led to increased reliance
on forging for precision-critical parts such as differential gears, yokes,
flanges, and control arms.
Energy efficiency across manufacturing plants has become a major driver,
prompting forging companies to adopt low-emission heating systems, regenerative
furnaces, and energy recovery mechanisms. Environmental compliance is steering
the industry toward cleaner production models, with a growing preference for
recyclable materials and low-carbon forging practices. At the same time, rising
labor costs and workforce shortages are encouraging greater use of robotics and
AI for forging process control, reducing reliance on manual operations.
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Europe & CIS Automotive
Forging Market Is Segmented by Material, Component, Vehicle Type, and Country.
Aluminium was the fastest-growing material in the Europe & CIS
automotive forging market in 2024, driven by rising demand for lightweight and
fuel-efficient vehicles. Its strength-to-weight ratio made it ideal for engine
blocks, suspension parts, and structural components. Innovations in forging
processes like precision die and isothermal techniques supported the production
of complex, high-strength parts with minimal waste. As both passenger and
commercial vehicle manufacturers pursued sustainability goals, aluminium became
a preferred material for balancing performance, durability, and environmental
compliance.
The United Kingdom led
regional growth in automotive forging in 2024, supported by major investments
in forging technology and facility upgrades. Automation, real-time defect
detection, and energy-efficient systems improved output quality and consistency.
Government support for low-carbon manufacturing further accelerated adoption of
advanced forging practices. The UK’s alignment with sustainable mobility goals
and its emphasis on innovation positioned it as a key growth hub in the
region’s forging industry.
Major Market Players
Operating in Europe & CIS Automotive Forging Market Are:
- Nanjin Automobile Forging Co Ltd
- ThyssenKrupp AG
- Bharat Forge
Limited
- Meritor Inc
- Aichi Forge USA Inc
- Kovarna Viva
- CIE Automotive SA
- Dana Inc
- NTN Corporation
- American Axle & Manufacturing Inc
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“The Europe & CIS automotive forging market is
entering an interesting phase. What we’re seeing is a clear shift not just in
the materials being used, like the surge in aluminium demand but in how
manufacturers are rethinking the entire forging process. There’s a bigger push
toward energy-efficient production, tighter quality control, and more localized
supply chains. It’s no longer just about volume; it’s about precision,
adaptability, and sustainability. This transition is being accelerated by the
growing complexity of vehicle platforms, especially with more hybrid and
electric models entering the mix. Forging players that can combine technical
innovation with flexible, clean manufacturing are going to be the ones leading
this space”, said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based global management consulting firm.
“Europe & CIS Automotive Forging Market By Material (Aluminium,
Steel, Others), By Component (Gears, Piston, Bearing, Axel, Connecting Roads,
Crankshaft, Others), By Vehicle Type (Passenger Cars, Commercial Vehicle), By Country, Competition, Opportunities and Forecast, 2020-2030F”, assesses the market's future growth potential and
provides data on market size, trends, and forecasts. It aims to offer
comprehensive market insights, helping decision-makers make informed investment
choices. The report also highlights emerging trends, key drivers, challenges,
and opportunities in the Europe & CIS Automotive Forging Market.
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