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:
- 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