Automotive Forging Market Led by Bharat Forge to Cross $ 53 Billion by 2023
Growing commercial vehicle
production, increasing automation and number of pre-forming units, and rising
number of technological advancements to drive global automotive forging market
through 2023
According to TechSci Research report, “Global
Automotive Forging Market By Vehicle Type,
By Material Type, By Application, By Region, Competition Forecast & Opportunities, 2013 – 2023”, the global automotive forging market is forecast to
surpass $ 53 billion by 2023. Growing demand for commercial vehicles to support increasing
number of construction and industrial projects, in addition to increasing technological
advancements in automotive forging processes and rising demand for complex
structures from auto manufacturers to boost the vehicle performance, are the
key drivers aiding the global automotive
forging market. As per a consumer survey conducted by TechSci Research, Bharat
Forge is the most recognized automotive forging brand across the globe.
Browse 112 market data Figures and Tables spread through 202
Pages and an in-depth TOC on "Global Automotive Forging Market"
https://www.techsciresearch.com/report/global-automotive-forging-market/1271.html
Passenger cars account for more than half of the value
share of the automotive forging market across the globe, owing to their high
number of unit sales. However, medium & heavy commercial vehicle segment is
anticipated to grow at the fastest rate during the forecast period, backed by increasing
production capacity of auto manufacturers, which are also setting up new plants
to meet the expanding demand, globally. Asia-Pacific is the largest demand
generating region for automotive forging, owing to its large population base,
growing automobile fleet and presence of large developing economies such as
India and China. Owing to high weight and complexity of gears,
which surges their manufacturing cost, gears are expected to maintain their
market dominance in the global automotive forging market during the forecast
period.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=1271
Customers can also request for 10% free customization
on this report.
“Bharat Forge, Thyssenkrupp, CIE Automotive
and NTN Corporation are the market leaders in the global automotive forging market.
Their continuing research & development operations
and expansion activities are anticipated to intensify the market competition in
the coming years. Moreover, increasing focus of the automakers towards producing
lighter vehicles without comprising their integrity, along with growing
preference of consumers towards high performance vehicles, which require
complex structures of forged components, is expected to have a positive impact on
the global automotive forging market over the course of next five years.”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global
Automotive Forging Market By
Vehicle Type, By Material Type, By Application, By Region, Competition Forecast
& Opportunities, 2013 – 2023” has analyzed the potential of automotive forging market
across the globe, and provides statistics and information on market size,
shares and trends. The report will suffice in providing the intending clients
with cutting-edge market intelligence and help them in taking sound investment
decisions. Besides, the report also identifies and analyzes emerging trends
along with essential drivers and key challenges faced by the global automotive
forging market.
About TechSci Research
TechSci
Research is a leading global market research firm publishing premium market
research reports. Serving 700 global clients with more than 600 premium market
research studies, TechSci Research is serving clients across 11 different
industrial verticals. TechSci Research specializes in research based consulting
assignments in high growth and emerging markets, leading technologies and niche
applications. Our workforce of more than 100 fulltime Analysts and Consultants
employing innovative research solutions and tracking global and country
specific high growth markets helps TechSci clients to lead rather than follow
market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]