Automotive Forging Market 2022
Forging is manufacturing process, for shaping of metal by applying compressive forces with the related equipment. Automotive industry depends significantly on steel Automotive Forgings owning to increasing vehicle production. Forged steel is used for manufacturing of automotive components such as crankshafts, axle, joints and bearings, and is necessary for handling the torque.
Furthermore, closed-die forging, impression-die forging of steel, titanium, aluminum and other alloy can produce a limited 3-D variety of shapes. Additionally, Impression-die forgings are normally produced on hydraulic presses, hammer and mechanical presses with abilities up to 50,000 tons, 20,000 tons and 50,000 lbs. additionally, finisher dies is used for manufacturing of symmetric and non-symmetric automotive component by bending operations.
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Moreover, temperature sensitive material such as magnesium, refractory alloys, titanium alloys and nickel-based super alloys may require a special forging process or special equipment for forging in impression dies. The future stance in the global heavy-truck composite component market is anticipated to remain optimistic & the market is anticipated to witness double digit CAGR growth over the forecast period.
Key Companies-
Automotive Forging Market: Key Participants:
Key participants of the global Automotive Forging market are following:
- Kalyani Group
- Om Forge
- Super Auto Forge Private Limited
- GAZ Group
- TBK Co., Ltd.
- EL FORGE LIMITED
- Schweiger fulpmes GesmbH
- NIPPON STEEL & SUMITOMO METAL CORPORATION
- thyssenkrupp Forging Group
- Agrasen Engineering Industries Pvt. Ltd.
- Advance Forgings Pvt. Ltd.
- SDF Automotive
- Happy Forgings Limited
- Indo Schöttle Auto Parts Pvt. Ltd.
- Mueller Brass Co.
Automotive Forging Market: Dynamics:
The demand of Automotive Forgings is likely to be generated primarily from automotive ancillary sector which supplies the finished products to automotive OEMs. Increasing demand for better driving experience in terms of smooth gear shifting & progress in acceleration and improvement in the installation of automotive parts, triggering the global Automotive Forging market.
It is expected to increase demand for light commercial vehicle and passenger car in domestic as well as export market enhances the global Automotive Forging market during the forecast period.
It is anticipated that fluctuating oil and gas price may hinder the global Automotive Forging market during the forecast period. Furthermore, slowdown in automobile production and the availability of the alternative metal forming process is anticipated to hinder the market. On the other hand, increasing demand for electric vehicles with the chassis and ancillary parts made of polymer materials is expected to cause a decline in demand of the global Automotive Forging market during the forecast period.
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Automotive Forging Market: Segmentation:
basis of vehicle type
- Heavy Commercial Vehicles
- Light Commercial Vehicles
- Passenger Vehicles
basis of Automotive Component
- Gears
- Crankshaft
- Axle
- Bearing
- Piston
- Steering Knuckle
- CV Joint
- Beam
- Fittings & Flanges
- valve bodies & High-pressure valves
- Others
basis of forging process
- Impression Die Forging
- Hydraulic Presses
- Mechanical Presses
- Hammers
- Cold Forging
- Open Die Forging
- Seamless Rolled Ring Forging
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Key Questions Answered in Automotive Forging Market Report –
Who are the Major Manufacturers and Suppliers of Automotive Forging?
What will the Automotive Forging Market growth rate in Future?
What are the key factors driving the global Automotive Forging Market?
Who are the key manufacturers in Automotive Forging Market space?
What are the opportunities and threats faced by the vendors in the global Automotive Forging industry?
What are sales, revenue, and price analysis by regions of Automotive Forging industry?
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