Global automotive
forging market stood at around $ 39 billion in 2017 and is forecast to to cross
$ 53 billion by 2023. Growth in the market is expected to be driven by
increasing sales of vehicles, owing to rising disposable income across the
globe, coupled with growing production of commercial vehicles aimed at aiding
expanding construction and logistics sectors. Moreover, increasing focus of
automotive forging companies towards automating their plants and installing new
pre-forming units, decreasing raw material costs, and adopting new technological
advancements aimed at boosting the productivity of forged components are some
of the other factors that would positively influence the automotive forging
market, globally, during the forecast period.
Years considered for this report:
Historical
Years: 2013-2016
Base Year: 2017
Estimated Year:
2018
Forecast Period:
2019-2023
Objective of the Study:
- To analyze
and forecast the automotive forging market size across the globe.
- To classify
and forecast the global automotive forging market on the basis of vehicle
type, material type, application type and region.
- To identify
drivers and challenges for the global automotive forging market.
- To identify
market trends and developments in the global automotive forging market.
- To identify
and analyze the profile of leading players operating in the global
automotive forging market.
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Some of the leading companies
operating in the global automotive forging market
are Bharat Forge Limited, Thyssenkrupp AG, CIE Automotive, S.A., NTN Corporation,
American Axle & Manufacturing, Inc., Meritor Inc., Dana Inc., Ramkrishna
Forgings, India Forge & Drop Stampings Ltd., and Nanjing Automobile Forging
Co. Ltd., among others.
In order
to perform the study, TechSci Research conducted primary as well as exhaustive
secondary research. Initially, TechSci Research prepared an exhaustive list of automotive
forging companies operating in different regions, across the world. Subsequently,
TechSci Research conducted primary research surveys, which included primary
calls, email responses, etc., with the identified companies. While
interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci
Research was able to include manufacturers which could not be identified due to
the limitations of secondary research. TechSci Research analyzed product
offerings, regional network, and regional presence of all major automotive
forging companies across the world.
TechSci Research calculated the global
automotive forging market size using a bottom-up technique, wherein the value sales
data for different vehicle type were recorded as well as forecast for the future years. TechSci
Research sourced these values from industry experts and company representatives,
and externally validated through analyzing historical data of respective companies
to arrive at the overall market size. Multiple secondary sources such as directories,
databases such as company websites, company annual reports, white papers,
investor presentations and financial reports were also studied by TechSci
Research.
Key Target Audience:
- Automotive
forging manufacturers, distributors, end users and other stakeholders
- Associations,
organizations, forums and alliances related to automotive forging
- Government
bodies such as regulating authorities and policy makers
- Market
research and consulting firms
The study is useful in
providing answers to several critical questions that are important for industry
stakeholders such as automotive forging providers, customers and policy
makers.
The study
would also help them to target the growing segments over the coming years,
thereby aiding the stakeholders in taking investment decisions and facilitating
their expansion.
Report Scope:
In this report, the global automotive
forging market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
o Passenger Car
o Light Commercial Vehicle
o Medium & Heavy Commercial Vehicle
o Others
- Market, by Material Type:
o Steel
o Aluminum
o Gears
o Crankshaft
o Piston
o Axle
o Bearing
o Connecting Roads
o Others
o Asia-Pacific
§ China
§ Japan
§ India
§ Taiwan
§ South Korea
§ Indonesia
§ Malaysia
§ Rest of Asia-Pacific
o Europe
§ Germany
§ Italy
§ France
§ Spain
§ United Kingdom
§ Russia
§ Turkey
§ Poland
§ Rest of Europe
o North America
§ US
§ Mexico
§ Canada
o South America
§ Argentina
§ Columbia
§ Peru
§ Rest of South America
o Rest of World
Competitive
Landscape
Company
Profiles: Detailed analysis of the major companies operating in the automotive
forging market across the world.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company
Information
- Detailed analysis and profiling
of additional market players.
In case you don’t find what
you are looking for, please get in touch with our custom research team at sales@techsciresearch.com