Global Automotive Forgings Market Report, History and Forecast 2016-2027, Breakdown Data by Manufacturers, Key Regions, Types and Application

Forging is a manufacturing process involving the shaping of metal using localized compressive forces. The blows are delivered with a hammer (often a power hammer) or a die. Forging is often classified according to the temperature at which it is performed: cold forging (a type of cold working), warm forging, or hot forging (a type of hot working). For the latter two, the metal is heated, usually in a forge. Forged parts can range in weight from less than a kilogram to hundreds of metric tons. Forging has been done by smiths for millennia; the traditional products were kitchenware, hardware, hand tools, edged weapons, cymbals, and jewellery. Since the Industrial Revolution, forged parts are widely used in mechanisms and machines wherever a component requires high strength; such forgings usually require further processing (such as machining) to achieve a finished part. Today, forging is a major worldwide industry.
Global Automotive Forgings key players include Bharat Forge Limited, Nippon Steel & Sumitomo Metal, Aichi Steel, Thyssenkrupp, AAM, etc. Global top five manufacturers hold a share nearly 10%.
China is the largest market, with a share about 35%, followed by Europe, and India, both have a share over 30 percent.
In terms of product, Closed Die is the largest segment, with a share over 70%. And in terms of application, the largest application is Powertrain Components, followed by Chassis Components, Transmission Parts, etc.

Market Analysis and Insights: Global Automotive Forgings Market
In 2020, the global Automotive Forgings market size was US$ 45130 million and it is expected to reach US$ 65260 million by the end of 2027, with a CAGR of 5.4% between 2021 and 2027
Global Automotive Forgings Scope and Market Size
The global Automotive Forgings market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Automotive Forgings market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.

Segment by Type
Closed Die Forgings
Open Die Forgings
Rolled Rings Forgings

Segment by Application
Powertrain Components
Chassis Components
Transmission Parts
Other Parts

By Company
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
Allegheny Technologies
VDM Metals
CITIC Heavy Industries

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Colombia
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE