Automotive Components Forging
Market
Automotive Components Forging Market Scope:
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Automotive Components Forging Market Size and Growth
The Automotive Components Forging market is experiencing robust growth, driven by rising demand for lightweight, durable components. As of 2023, the market size is estimated at approximately $30 billion, with a compound annual growth rate (CAGR) of 5% projected over the next five years, fueled by advancements in manufacturing technology and increasing electric vehicle production.
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Companies Covered
(Covid 19 Impact Covered)
◍ Nippon Steel & Sumitomo Metal
◍ Aichi Steel
◍ Thyssenkrupp
◍ AAM
◍ Bharat Forge Limited
◍ KOBELCO
◍ WanXiang
◍ FAW
◍ Arconic
◍ Mahindra Forgings Europe
◍ Farinia Group
◍ Longcheng Forging
◍ Sinotruck
◍ Dongfeng Forging
◍ Jiangsu Pacific Precision Forging
◍ Sypris Solutions
◍ Ashok Leyland Limited
The automotive components forging market features key players like Nippon Steel, Aichi Steel, and Thyssenkrupp, offering advanced materials and technologies to enhance vehicle performance. Companies like Bharat Forge and AAM contribute through innovation and capacity expansion, driving market growth. Revenue figures include: Bharat Forge ($1.2B), Thyssenkrupp ($42B), AAM ($7B).
◍ Allegheny Technologies
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Market Segmentation
By Application
◍ Powertrain Components
◍ Chassis Components
◍ Transmission Parts
◍ Other Parts
By Product
◍ Closed Die Forgings
◍ Open Die Forgings
◍ Rolled Rings Forgings
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Market Growth
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$ X Billion USD
