North America automotive forging market stood at $ 3.6 billion in 2017 and is projected to reach $ 4.9 billion by 2023, on account of increasing focus of automotive forging companies towards automating their plants and installing new pre-forming units across the region. Adoption of new technological advancements aimed at boosting the productivity of forged components, in addition to growing vehicle population and decreasing raw material costs, are expected to boost demand for automotive forging in North America during 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 region.
  • To classify and forecast North America automotive forging market on the basis of vehicle type, material type, application type and country.
  • To identify drivers and challenges for North America automotive forging market.
  • To identify market trends and developments in the North America automotive forging market.
  • To identify and analyze the profile of leading players operating in North America automotive forging market.

 

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Some of the leading companies operating in the North America automotive forging market are Bharat Forge Limited, Thyssenkrupp AG, CIE Automotive, S.A., NTN Corporation, American Axle & Manufacturing, Inc., Meritor Inc., Dana Inc., Ramakrishna Forgings, India Forge & Drop Stampings Ltd., Nanjing Automobile Forging Co. Ltd., etc.

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 across the region. 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 presence of all major automotive forging companies across the region.

TechSci Research calculated the North America automotive forging market size using a bottom-up technique, wherein the value sales data for different vehicle types 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 companies, 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 North America automotive forging market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Vehicle Type:
    • Passenger Car
    • Light Commercial Vehicle
    • Medium & Heavy Commercial Vehicle
    • Others
  • Market, by Material Type:
    • Steel
    • Aluminum
  • Market, by Application:
    • Gears
    • Crankshaft
    • Piston
    • Axle
    • Bearing
    • Connecting Roads
    • Others
  • Market, by Country:
    • United States
    • Mexico
    • Canada

Competitive Landscape

Company Profiles: Detailed analysis of the major companies operating in the automotive forging market across the region.

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 (up to five).
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview    

2.    Research Methodology         

3.    Analyst View              

4.    North America Automotive Forging Market Outlook

4.1.    Market Size & Forecast

4.1.1.By Value & Volume             

4.2.    Market Share & Forecast           

4.2.1.By Vehicle Type    

4.2.2.By Material Type (Steel and Aluminum)                                                                                     

4.2.3.By Application (Gears, Crankshaft, Piston, Axle, Bearing, Connecting Roads & Others)                    

4.2.4.By Country                                                                                                                              

4.3.    Market Attractiveness Index (By Vehicle Type)                                                                          

4.4.   North America: Country Analysis

4.4.1.  United States Automotive Forging Market Outlook

4.4.1.1.   Market Size & Forecast

4.4.1.1.1.     By Value & Volume

4.4.1.2.   Market Share & Forecast

4.4.1.2.1.     By Vehicle Type

4.4.1.2.2.     By Application

4.4.1.3.   Market Attractiveness Index (By Vehicle Type)

4.4.2.  Mexico Automotive Forging Market Outlook

4.4.2.1.   Market Size & Forecast

4.4.2.1.1.     By Value & Volume

4.4.2.2.   Market Share & Forecast

4.4.2.2.1.     By Vehicle Type

4.4.2.2.2.     By Application

4.4.2.3.   Market Attractiveness Index (By Vehicle Type)

4.4.3.  Canada Automotive Forging Market Outlook

4.4.3.1.   Market Size & Forecast

4.4.3.1.1.     By Value & Volume

4.4.3.2.   Market Share & Forecast

4.4.3.2.1.     By Vehicle Type

4.4.3.2.2.     By Application

4.4.3.3.   Market Attractiveness Index (By Vehicle Type)

5.    Market Dynamics

5.1.    Drivers

5.2.    Challenges

6.    Market Trends & Developments

7.    Competitive Landscape

7.1.    Bharat Forge Limited

7.2.    Thyssenkrupp AG

7.3.    CIE Automotive, S.A.

7.4.    NTN Corporation

7.5.    American Axle & Manufacturing, Inc.

7.6.    Meritor Inc.

7.7.    Dana Inc.

7.8.    Ramkrishna Forgings

7.9.    India Forge & Drop Stampings Ltd.

7.10.  Nanjing Automobile Forging Co., Ltd.

8.    Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

  • List of Figures

     

    Figure 1: North America Automotive Forging Market Size, By Value (USD Billion), By Volume (Million Ton), 2013-2023F

    Figure 2: North America Population, By Volume (Million), 2013-2017

    Figure 3: North America Automotive Forging Market Share, By Vehicle Type, By Value, 2013-2023F

    Figure 4: North America Automotive Forging Market Share, By Material Type, By Value, 2013-2023F

    Figure 5: North America Automotive Forging Market Share, By Application, By Value, 2013-2023F

    Figure 6: North America Automotive Forging Market Share, By Country, By Value, 2013-2023F

    Figure 7: North America Automotive Forging Market Attractiveness Index, By Vehicle Type, By Value,

    2018E-2023F

    Figure 8: United States Automotive Forging Market Size, By Value (USD Billion), By Volume (Million Ton), 2013-2023F

    Figure 9: United States GDP Growth Rate, 2013-2017

    Figure 10: United States Crude Steel Production (Million Ton), 2016-2017

    Figure 11: United States Automotive Forging Market Share, By Vehicle Type, By Value, 2013-2023F

    Figure 12: United States Automotive Forging Market Share, By Application, By Value, 2013-2023F

    Figure 13: United States Automotive Forging Market Attractiveness Index, By Vehicle Type, By Value,

    2018E-2023F

    Figure 14: Mexico Automotive Forging Market Size, By Value (USD Billion), By Volume (Million Ton),

    2013-2023F

    Figure 15: Mexico GDP Growth Rate, 2013-2017

    Figure 16: Mexico Crude Steel Production (Million Ton), 2016-2017

    Figure 17: Mexico Automotive Forging Market Share, By Vehicle Type, By Value, 2013-2023F

    Figure 18: Mexico Automotive Forging Market Share, By Application, By Value, 2013-2023F

    Figure 19: Mexico Automotive Forging Market Attractiveness Index, By Vehicle Type, By Value,

    2018E-2023F

    Figure 20: Canada Automotive Forging Market Size, By Value (USD Billion), By Volume (Million Ton),

    2013-2023F

    Figure 21: Canada GDP Growth Rate, 2013-2017

    Figure 22: Canada Crude Steel Production (Million Ton), 2016-2017

    Figure 23: Canada Automotive Forging Market Share, By Vehicle Type, By Value, 2013-2023F

    Figure 24: Canada Automotive Forging Market Share, By Application, By Value, 2013-2023F

    Figure 25: Canada Automotive Forging Market Attractiveness Index, By Vehicle Type, By Value,

    2018E-2023F

     

    List of Tables

     

    Table 1: North America Passenger Car & Commercial Vehicle Sales (Million Units), 2013-2017

    Table 2: United States Passenger Car & Commercial Vehicle Sales (Million Units), 2013-2017

    Table 3: Mexico Passenger Car & Commercial Vehicle Sales (Million Units), 2013-2017

    Table 4: Canada Passenger Car & Commercial Vehicle Sales (Million Units), 2013-2017