South 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

South America automotive forging market is projected to grow from around $ 1 billion in 2017 to $ 1.3 billion by 2023. Anticipated growth in the market can be attributed to growing focus of automotive forging companies towards automating their plants and installing new pre-forming units. Some of the other factors that would aid the market growth are decreasing raw material costs, increasing adoption of new technologies for introducing advanced components and growing sales of passenger cars in the region 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 the South America automotive forging market on the basis of vehicle type, material type, application type and country.
• To identify drivers and challenges for the South America automotive forging market.
• To identify market trends and developments in the South America automotive forging market.
• To identify and analyze the profile of leading players operating in the South America automotive forging market

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Some of the leading companies operating in the South 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 South 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 South 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:
• Brazil
• Argentina
• Colombia
• Rest of Region

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).