Market Overview:
The global automotive hot forged parts market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for lightweight vehicles and rising penetration of advanced technologies in the automotive industry. On the basis of type, the carbon steel type segment is expected to account for a major share of the global automotive hot forged parts market during 2018-2030. This can be attributed to its high strength-to-weight ratio and low manufacturing cost as compared to other types of metals used in forging processes such as aluminum, titanium, copper, etc. On the basis of application, passenger cars are anticipated to hold a dominant position in terms of revenue contribution throughout the forecast period.
Product Definition:
Hot forged parts are created by heating a piece of metal until it is soft enough to be formed into the desired shape. It is then placed in a forging die and pounded into its final form. This process creates a part with superior strength and durability compared to those that are machined from stock. Automotive hot forged parts are used in everything from engines and transmissions to suspension components and chassis assemblies. The importance of these parts cannot be overstated, as they play a critical role in the safety and performance of every vehicle on the road.
Carbon Steel Type:
Carbon steel type refers to a range of carbon steels that have different properties and characteristics. There are various grades of carbon steel such as A, B, C, D and E which vary in terms of hardenability and yield strength. The grade is decided based on the application for which it is being used.
Aluminum Type:
Aluminum Type is the raw material which is used to manufacture various automotive components such as engine blocks, cylinder heads, brake systems and many more. The aluminum alloys available in the market vary in composition and properties. Some of them are suitable for high-temperature applications while some are suitable for low-temperature applications.
The major types of aluminum alloys include casting alloy (non-heat Treated), heat treated (HT) alloy.
Application Insights:
The passenger cars application segment led the global automotive hot forged parts market in 2017. The growth of this segment can be attributed to the growing demand for passenger vehicles in developing countries, such as India, China and Brazil. In addition, stringent regulations on fuel efficiency by various governments are expected to boost sales of passenger cars over the forecast period.
Commercial vehicles application is projected to witness a CAGR of XX% from 2018 to 2030 owing to increasing utilization of commercial vehicles for logistics and other purposes across various regions including North America and Europe. Moreover, technological advancements coupled with high performance requirements are anticipated to increase product demand from commercial vehicle manufacturers over the forecast period. Increasing R&D investments by major OEMs for developing low cost lightweight forged components for use in commercial vehicle applications is also likely drive market growth over the coming years (9).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, with a CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing automobile production in countries such as India and China. In 2017, Asia Pacific accounted for 29% of the global vehicle production and is likely to grow further due to low manufacturing cost coupled with easy availability of labor in this region.
The demand for hot forged parts in Europe was valued at USD X million in 2017 on account rising automotive industry across major economies including Germany, France and Italy among others.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient vehicles
- Rising automotive production in developing countries
- Growing popularity of luxury and sports cars
- Proliferation of electric vehicles
- Advancements in manufacturing technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Hot Forged Parts Market Research Report
By Type
Carbon Steel Type, Aluminum Type, Titanium Type, Copper Type, others
By Application
Passenger Cars, Commercial Vehicles
By Companies
ThyssenKrupp (Germany), ZF Friedrichshafen (Germany), Aisin Seiki (Japan), Hyundai Mobis (Korea), Cummins (USA), Eaton (USA), Toyota Industries (Japan), JTEKT (Japan), GKN (UK), Magneti Marelli (Italy), BorgWarner (USA), Hitachi (Japan), TVS Group (India), JATCO (Japan), American Axle & Manufacturing (USA), Guangxi Yuchai Machinery Group (China), Linamar (Canada), GAC Component (China), KYB (Japan), Martinrea International (Canada), SeAH Besteel (Korea), SHOWA (Japan), FAW Jiefang Automotive (China), Kalyani Group (India), Dongfeng Motor Parts and Components Group (China), Musashi Seimitsu Industry (Japan), Aichi Steel (Japan), Tower International (USA), Wanxiang Qianchao (China), Anand Automotive (India)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Hot Forged Parts Market Report Segments:
The global Automotive Hot Forged Parts market is segmented on the basis of:
Types
Carbon Steel Type, Aluminum Type, Titanium Type, Copper Type, others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ThyssenKrupp (Germany)
- ZF Friedrichshafen (Germany)
- Aisin Seiki (Japan)
- Hyundai Mobis (Korea)
- Cummins (USA)
- Eaton (USA)
- Toyota Industries (Japan)
- JTEKT (Japan)
- GKN (UK)
- Magneti Marelli (Italy)
- BorgWarner (USA)
- Hitachi (Japan)
- TVS Group (India)
- JATCO (Japan)
- American Axle & Manufacturing (USA)
- Guangxi Yuchai Machinery Group (China)
- Linamar (Canada)
- GAC Component (China)
- KYB (Japan)
- Martinrea International (Canada)
- SeAH Besteel (Korea)
- SHOWA (Japan)
- FAW Jiefang Automotive (China)
- Kalyani Group (India)
- Dongfeng Motor Parts and Components Group (China)
- Musashi Seimitsu Industry (Japan)
- Aichi Steel (Japan)
- Tower International (USA)
- Wanxiang Qianchao (China)
- Anand Automotive (India)
Highlights of The Automotive Hot Forged Parts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Carbon Steel Type
- Aluminum Type
- Titanium Type
- Copper Type
- others
- By Application:
- Passenger Cars
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Hot Forged Parts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive hot forged parts are made by heating a metal part to a high temperature and then hammering it into shape. This process creates a stronger, more durable part than traditional forging.
Some of the key players operating in the automotive hot forged parts market are ThyssenKrupp (Germany), ZF Friedrichshafen (Germany), Aisin Seiki (Japan), Hyundai Mobis (Korea), Cummins (USA), Eaton (USA), Toyota Industries (Japan), JTEKT (Japan), GKN (UK), Magneti Marelli (Italy), BorgWarner (USA), Hitachi (Japan), TVS Group (India), JATCO (Japan), American Axle & Manufacturing (USA), Guangxi Yuchai Machinery Group (China), Linamar (Canada), GAC Component (China), KYB (Japan), Martinrea International (Canada), SeAH Besteel (Korea), SHOWA (Japan), FAW Jiefang Automotive (China), Kalyani Group (India), Dongfeng Motor Parts and Components Group (China), Musashi Seimitsu Industry (Japan), Aichi Steel (Japan), Tower International (USA), Wanxiang Qianchao (China), Anand Automotive (India).
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Hot Forged Parts Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Hot Forged Parts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Hot Forged Parts Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Hot Forged Parts Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Hot Forged Parts Market Size & Forecast, 2018-2028
4.5.1 Automotive Hot Forged Parts Market Size and Y-o-Y Growth
4.5.2 Automotive Hot Forged Parts Market Absolute $ Opportunity
Chapter 5 Global Automotive Hot Forged Parts Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Hot Forged Parts Market Size Forecast by Type
5.2.1 Carbon Steel Type
5.2.2 Aluminum Type
5.2.3 Titanium Type
5.2.4 Copper Type
5.2.5 others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Hot Forged Parts Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Hot Forged Parts Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Hot Forged Parts Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Hot Forged Parts Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Hot Forged Parts Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Hot Forged Parts Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Hot Forged Parts Market Size Forecast by Type
9.6.1 Carbon Steel Type
9.6.2 Aluminum Type
9.6.3 Titanium Type
9.6.4 Copper Type
9.6.5 others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Hot Forged Parts Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Hot Forged Parts Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Hot Forged Parts Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Hot Forged Parts Market Size Forecast by Type
10.6.1 Carbon Steel Type
10.6.2 Aluminum Type
10.6.3 Titanium Type
10.6.4 Copper Type
10.6.5 others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Hot Forged Parts Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Hot Forged Parts Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Hot Forged Parts Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Hot Forged Parts Market Size Forecast by Type
11.6.1 Carbon Steel Type
11.6.2 Aluminum Type
11.6.3 Titanium Type
11.6.4 Copper Type
11.6.5 others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Hot Forged Parts Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Hot Forged Parts Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Hot Forged Parts Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Hot Forged Parts Market Size Forecast by Type
12.6.1 Carbon Steel Type
12.6.2 Aluminum Type
12.6.3 Titanium Type
12.6.4 Copper Type
12.6.5 others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Hot Forged Parts Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Hot Forged Parts Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Hot Forged Parts Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Hot Forged Parts Market Size Forecast by Type
13.6.1 Carbon Steel Type
13.6.2 Aluminum Type
13.6.3 Titanium Type
13.6.4 Copper Type
13.6.5 others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Hot Forged Parts Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Hot Forged Parts Market: Competitive Dashboard
14.2 Global Automotive Hot Forged Parts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ThyssenKrupp (Germany)
14.3.2 ZF Friedrichshafen (Germany)
14.3.3 Aisin Seiki (Japan)
14.3.4 Hyundai Mobis (Korea)
14.3.5 Cummins (USA)
14.3.6 Eaton (USA)
14.3.7 Toyota Industries (Japan)
14.3.8 JTEKT (Japan)
14.3.9 GKN (UK)
14.3.10 Magneti Marelli (Italy)
14.3.11 BorgWarner (USA)
14.3.12 Hitachi (Japan)
14.3.13 TVS Group (India)
14.3.14 JATCO (Japan)
14.3.15 American Axle & Manufacturing (USA)
14.3.16 Guangxi Yuchai Machinery Group (China)
14.3.17 Linamar (Canada)
14.3.18 GAC Component (China)
14.3.19 KYB (Japan)
14.3.20 Martinrea International (Canada)
14.3.21 SeAH Besteel (Korea)
14.3.22 SHOWA (Japan)
14.3.23 FAW Jiefang Automotive (China)
14.3.24 Kalyani Group (India)
14.3.25 Dongfeng Motor Parts and Components Group (China)
14.3.26 Musashi Seimitsu Industry (Japan)
14.3.27 Aichi Steel (Japan)
14.3.28 Tower International (USA)
14.3.29 Wanxiang Qianchao (China)
14.3.30 Anand Automotive (India)
