Automotive
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Automotive Forging Market Size and Growth
The Automotive Forging market is experiencing robust growth, driven by increasing vehicle production and demand for lightweight materials. The global market size is projected to reach approximately $32 billion by 2027, with a CAGR of 5.6%. Innovations in manufacturing processes and steel materials are further enhancing market opportunities and competitiveness.
Companies Covered
(Covid 19 Impact Covered)
◍ Bharat Forge
◍ Thyssenkrupp
◍ CIE Automotive
◍ NTN
◍ American Axle
◍ Meritor
◍ Dana
◍ Ramkrishna Forgings
◍ India Forge & Drop Stampings
◍ Nanjing Automobile Forging
The automotive forging market features key players like Bharat Forge, Thyssenkrupp, and CIE Automotive, leveraging advanced technology and production capabilities to enhance vehicle performance. These companies drive market growth through innovation, strategic partnerships, and expanding product portfolios. Sales revenues include Bharat Forge ($853 million) and Thyssenkrupp ($45 billion).
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Market Segmentation
By Application
Passenger Car
Light Commercial Vehicle
Medium & Heavy Commercial Vehicle
By Product
Gears
Crankshaft
Piston
Axle
Bearing
Connecting Roads
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Market Growth
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$ X Billion USD
