Press Release

Strong Commercial Vehicle Sales to Push North America Automotive Forging Market to $ 4.8 Billion by 2023

Growing construction and industrial sectors coupled with increasing vehicle production and population and technological advancements in automotive forging processes to drive North America automotive forging market through 2023

According to TechSci Research report, North America Automotive Forging Market By Vehicle Type, By Material Type, By Application, By Country, Competition Forecast & Opportunities, 2013 – 2023”, automotive forging market across the region is forecast to reach $ 4.9 billion by the end of 2023. Technological advancements, growing vehicle fleet and sales, and rising demand for complex structures from auto manufacturers to boost the vehicle performance are expected to have a positive impact on the region’s automotive forging market during forecast period. Additionally, growth in the market is anticipated to be driven by increasing number of pre-forming units and declining raw material prices.

Browse 29 market data Figures and Tables spread through 55 Pages and an in-depth TOC on  "North America Automotive Forging Market"

https://www.techsciresearch.com/report/north-america-automotive-forging-market/3440.html


Capturing more than 50% value share, light commercial vehicle segment dominated the region’s automotive forging market in 2017. Owing to growing sales of light commercial vehicles and rising investments in construction and industrial sectors in North America, demand for automotive forging from this segment of vehicles is anticipated to grow at a robust pace. Moreover, medium & heavy commercial vehicle segment is expected to exhibit the fastest growth rate in the coming years.   

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“Growing demand for automotive forging components and rising investments in forging industry by major players is expected to drive the North American automotive forging market in the coming years. This in addition to rising sales of commercial vehicles and increasing investments by major players in research & development activities to launch technology advanced products would  further aid market growth during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

North America Automotive Forging Market By Vehicle Type, By Material Type, By Application, By Country, Competition Forecast & Opportunities, 2013 – 2023 has analyzed potential of automotive forging market across the region, 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 North America 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.

 

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North America Automotive Forging Market By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle and Others), By Material Type, By Application, By Country, Competition Forecast & Opportunities, 2013 – 2023

Automotive | Oct, 2018

Growing construction and industrial sectors coupled with increasing vehicle production and population and technological advancements in automotive forging processes to drive North America automotive forging market through 2023

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