Market Overview:
The global automotive steel forging 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 passenger cars and commercial vehicles across the globe. Based on type, the bearing segment is expected to account for a major share of the global automotive steel forging market in 2018. This can be attributed to its high demand in applications such as crankshafts, axles, pistons, and other components in automobiles. The axle segment is anticipated to register highest CAGR during the forecast period owing to increasing demand for commercial vehicles across regions. Region-wise, North America is expected dominate the global automotive steel forging market throughout the forecast period followed by Europe and Asia Pacific respectively.
Product Definition:
An automotive steel forging is a metalworking process in which a piece of hot or cold metal is hammered into the desired shape. This type of forging is often used to create parts for automobiles, such as engine blocks, gearboxes, and suspension systems. The importance of automotive steel forgings lies in their ability to withstand high levels of stress and wear while retaining their strength and durability.
Bearing:
Bearing is a cylindrical component with rolling surfaces, which are used in various applications in the automotive industry. The bearing market size was valued at USD 7.8 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period on account of rising demand for lightweight vehicles coupled with an increase in investments by manufacturers for research & development activities related to bearings.
Crankshaft:
Crankshaft is the main shaft of a reciprocating engine. It is located at the front of the engine and has 24 or 26 inches in length. The crankshaft carries out two main functions, namely to transmit torque from transmission to propeller shaft and to provide an axis for connecting accessories like timing belts, oil pumps, water pumps etc.
Application Insights:
The commercial vehicle segment accounted for the largest volume share of over 60.0% in 2017. The growth can be attributed to the increasing demand for trucks, buses, and other passenger vehicles in developing countries such as India, China, and Brazil. In addition, favorable government policies regarding tax rebates on new purchases of commercial vehicles are expected to augment market growth over the forecast period.
Passenger car application is estimated to witness a CAGR of XX% from 2018 to 2030 owing to increasing consumer disposable income levels coupled with rising per capita automotive production across key markets including North America and Europe Pacific regions will drive product demand during this period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 60% of the total revenue in 2017 owing to high demand from developing economies such as China, India, and Japan. In addition, rising automotive production across key countries including Germany, South Korea, Japan is anticipated to drive product demand further.
The European market was valued at USD X billion in 2017 and is projected to witness significant growth over the forecast period on account of increasing vehicle manufacturing capacity coupled with stringent emission norms implemented by regional governments like EU5 (Germany), UEMOA (Belgium), EEA (Norway) & Turkey1/EU8(Europe).
Growth Factors:
- Increasing demand for lightweight vehicles to reduce fuel consumption and emissions
- Rising demand from the automotive sector in developing countries
- Technological advancements in steel forging processes and products
- Growing popularity of electric vehicles and hybrids
- Stringent government regulations on fuel economy and emissions
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Steel Forging Market Research Report
By Type
Bearing, Crankshaft, Axle, Piston, Other
By Application
Passenger Car, Commercial Vehicle
By Companies
GKN, EL Forge Limited, ThyssenKrupp, Robert Bosch GmbH, American Axle＆Manufacturing Holdings, Precision Castparts, Ellwood Group, ATI Ladish Forging, FRISA, NTN Corporation, Scot Forge, Sumitomo, Kisaan Steels, Happy Forgings, Bharat Forge Limited
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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Steel Forging Market Report Segments:
The global Automotive Steel Forging market is segmented on the basis of:
Types
Bearing, Crankshaft, Axle, Piston, Other
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 Car, Commercial Vehicle
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:
- GKN
- EL Forge Limited
- ThyssenKrupp
- Robert Bosch GmbH
- American Axle＆Manufacturing Holdings
- Precision Castparts
- Ellwood Group
- ATI Ladish Forging
- FRISA
- NTN Corporation
- Scot Forge
- Sumitomo
- Kisaan Steels
- Happy Forgings
- Bharat Forge Limited
Highlights of The Automotive Steel Forging 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:
- Bearing
- Crankshaft
- Axle
- Piston
- Other
- By Application:
- Passenger Car
- Commercial Vehicle
- 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 Steel Forging 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 steel forging is the process of creating a metal part from a sheet or bar by heating it to a very high temperature and then hammering it into shape.
Some of the major players in the automotive steel forging market are GKN, EL Forge Limited, ThyssenKrupp, Robert Bosch GmbH, American Axle＆Manufacturing Holdings, Precision Castparts, Ellwood Group, ATI Ladish Forging, FRISA, NTN Corporation, Scot Forge, Sumitomo, Kisaan Steels, Happy Forgings, Bharat Forge Limited.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Steel Forging 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 Steel Forging Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Steel Forging 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 Steel Forging 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 Steel Forging Market Size & Forecast, 2018-2028
4.5.1 Automotive Steel Forging Market Size and Y-o-Y Growth
4.5.2 Automotive Steel Forging Market Absolute $ Opportunity
Chapter 5 Global Automotive Steel Forging 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 Steel Forging Market Size Forecast by Type
5.2.1 Bearing
5.2.2 Crankshaft
5.2.3 Axle
5.2.4 Piston
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Steel Forging 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 Steel Forging Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Steel Forging 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 Steel Forging 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 Steel Forging Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Steel Forging 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 Steel Forging Market Size Forecast by Type
9.6.1 Bearing
9.6.2 Crankshaft
9.6.3 Axle
9.6.4 Piston
9.6.5 Other
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 Steel Forging Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
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 Steel Forging Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Steel Forging 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 Steel Forging Market Size Forecast by Type
10.6.1 Bearing
10.6.2 Crankshaft
10.6.3 Axle
10.6.4 Piston
10.6.5 Other
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 Steel Forging Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
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 Steel Forging Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Steel Forging 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 Steel Forging Market Size Forecast by Type
11.6.1 Bearing
11.6.2 Crankshaft
11.6.3 Axle
11.6.4 Piston
11.6.5 Other
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 Steel Forging Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
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 Steel Forging Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Steel Forging 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 Steel Forging Market Size Forecast by Type
12.6.1 Bearing
12.6.2 Crankshaft
12.6.3 Axle
12.6.4 Piston
12.6.5 Other
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 Steel Forging Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
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 Steel Forging Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Steel Forging 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 Steel Forging Market Size Forecast by Type
13.6.1 Bearing
13.6.2 Crankshaft
13.6.3 Axle
13.6.4 Piston
13.6.5 Other
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 Steel Forging Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
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 Steel Forging Market: Competitive Dashboard
14.2 Global Automotive Steel Forging Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GKN
14.3.2 EL Forge Limited
14.3.3 ThyssenKrupp
14.3.4 Robert Bosch GmbH
14.3.5 American Axle＆Manufacturing Holdings
14.3.6 Precision Castparts
14.3.7 Ellwood Group
14.3.8 ATI Ladish Forging
14.3.9 FRISA
14.3.10 NTN Corporation
14.3.11 Scot Forge
14.3.12 Sumitomo
14.3.13 Kisaan Steels
14.3.14 Happy Forgings
14.3.15 Bharat Forge Limited
