Market Overview:
The global forged automotive component 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%. The market growth can be attributed to the increasing demand for forged automotive components from the heavy commercial vehicles (HCV) and passenger vehicles (PV) segments. Based on type, the global forged automotive component market has been segmented into gears, crankshaft, axle, bearing, piston and steering knuckle. Gears are expected to account for a major share of the global forged automotive component market during the forecast period owing to their high demand from HCVs. Crankshafts are also anticipated to witness significant growth during the forecast period due their increasing use in HCVs. On basis of application, HCVs are expected to account for a major share of the global forged automotive component market during 2018-2030. This can be attributedtothe rising demand for commercial vehicles across regions coupled with stringent emission norms being implemented by various governments worldwide.
Product Definition:
A forged automotive component is a metal part that has been formed by being pounded or squeezed under high pressure between two dies. The forging process produces a part with a much higher strength than can be achieved through casting or machining. Forged parts are commonly used in engines, transmissions, and other critical components where strength and reliability are important.
Gears:
Gears are used in various applications ranging from automotive to industrial. The growth of the gears market is directly proportional to the growth of the automotive industry and indirectly proportional to that of industries using mechanical drives such as construction, agriculture, mining &c., etc.
The global gears market was valued at USD 31.5 billion in 2016.
Crankshaft:
Crankshaft is the main shaft of a reciprocating engine. It is located inside the engine block and it's job is to transmit power from the piston to rotating parts. The main reason why this component gets so much attention is because it's one of those things that has a huge impact on how an engine runs and performs.
The material used in manufacturing crankshaft depends on factors such as application, performance required, cost constraints, etc.
Application Insights:
The forged automotive components are widely used in the manufacturing of heavy and light commercial vehicles, passenger cars, and trucks. The forged steering knuckle is majorly used in the production of heavy-duty commercial vehicles across the globe. The growth of this segment can be attributed to a rise in demand for such products from various OEMs including Daimler AG, Ford Motor Company, General Motors Company among others.
Passenger car manufacturers require a large number of forged components as they offer high performance at low costs which help them to reduce their overall vehicle prices without compromising on quality. This has resulted in an increased demand for these products from various automakers globally including Toyota Motors Corporation, Honda Motor Co., Ltd., Nissan Motor Co., Ltd., Volkswagen AG Audi AG among others who assemble millions of cars annually.
Forged bearing is mainly required when minimum weight.
Regional Analysis:
Asia Pacific forged automotive component market is expected to witness significant growth over the forecast period owing to increasing production of vehicles in India, China, and Japan. The region accounted for a volume share of over 45% in 2017 and is anticipated to register the highest CAGR from 2018 to 2030. This can be attributed primarily to rising demand for light commercial vehicles (LCVs) and passenger cars in Asia Pacific countries such as India, China, Indonesia, Malaysia etc.
The European market was valued at USD X billion in 2017 and is projected to grow at a moderate pace during the forecast period owing high level of technological advancement coupled with presence of major auto manufacturers such as Daimler AG; BMW AG; Fiat Chrysler Automobiles N.V.; Ferrari S.pA.; Ford Motor Company; Mercedes-Benz AMG GmbH; Porsche Cars GmbH & Co., Ltd.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient vehicles
- Rising disposable income of consumers in developing countries
- Technological advancements in automotive manufacturing processes
- Growing popularity of electric and hybrid vehicles
- Stringent government regulations on emissions and fuel economy
Scope Of The Report
Report Attributes
Report Details
Report Title
Forged Automotive Component Market Research Report
By Type
Gears, Crankshaft, Axle, Bearing, Piston, Steering Knuckle
By Application
Heavy Commercial Vehicles, Light Commercial Vehicles, Passenger Vehicles
By Companies
Kalyani, Om Forge, Super Auto Forge Private, GAZ, TBK, El Forge, Schweiger fulpmes, Nippon Steel & Sumitomo Metal, Thyssenkrupp Forging, Agrasen Engineering Industries, Kalyani, SDF Automotive, Happy Forgings, Indo Schottle Auto Parts, Mueller Brass
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
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Forged Automotive Component Market Report Segments:
The global Forged Automotive Component market is segmented on the basis of:
Types
Gears, Crankshaft, Axle, Bearing, Piston, Steering Knuckle
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
Heavy Commercial Vehicles, Light Commercial Vehicles, Passenger 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:
- Kalyani
- Om Forge
- Super Auto Forge Private
- GAZ
- TBK
- El Forge
- Schweiger fulpmes
- Nippon Steel & Sumitomo Metal
- Thyssenkrupp Forging
- Agrasen Engineering Industries
- Kalyani
- SDF Automotive
- Happy Forgings
- Indo Schottle Auto Parts
- Mueller Brass
Highlights of The Forged Automotive Component 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:
- Gears
- Crankshaft
- Axle
- Bearing
- Piston
- Steering Knuckle
- By Application:
- Heavy Commercial Vehicles
- Light Commercial Vehicles
- Passenger 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 Forged Automotive Component 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
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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?
Forged automotive components are manufactured using a variety of processes including die forging, stamping, and machining. These components are designed to meet or exceed the performance and quality requirements of OEMs.
Some of the key players operating in the forged automotive component market are Kalyani, Om Forge, Super Auto Forge Private, GAZ, TBK, El Forge, Schweiger fulpmes, Nippon Steel & Sumitomo Metal, Thyssenkrupp Forging, Agrasen Engineering Industries, Kalyani, SDF Automotive, Happy Forgings, Indo Schottle Auto Parts, Mueller Brass.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Forged Automotive Component 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 Forged Automotive Component Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Forged Automotive Component 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 Forged Automotive Component 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 Forged Automotive Component Market Size & Forecast, 2018-2028
4.5.1 Forged Automotive Component Market Size and Y-o-Y Growth
4.5.2 Forged Automotive Component Market Absolute $ Opportunity
Chapter 5 Global Forged Automotive Component 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 Forged Automotive Component Market Size Forecast by Type
5.2.1 Gears
5.2.2 Crankshaft
5.2.3 Axle
5.2.4 Bearing
5.2.5 Piston
5.2.6 Steering Knuckle
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Forged Automotive Component 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 Forged Automotive Component Market Size Forecast by Applications
6.2.1 Heavy Commercial Vehicles
6.2.2 Light Commercial Vehicles
6.2.3 Passenger Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Forged Automotive Component 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 Forged Automotive Component 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 Forged Automotive Component Analysis and Forecast
9.1 Introduction
9.2 North America Forged Automotive Component 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 Forged Automotive Component Market Size Forecast by Type
9.6.1 Gears
9.6.2 Crankshaft
9.6.3 Axle
9.6.4 Bearing
9.6.5 Piston
9.6.6 Steering Knuckle
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 Forged Automotive Component Market Size Forecast by Applications
9.10.1 Heavy Commercial Vehicles
9.10.2 Light Commercial Vehicles
9.10.3 Passenger 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 Forged Automotive Component Analysis and Forecast
10.1 Introduction
10.2 Europe Forged Automotive Component 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 Forged Automotive Component Market Size Forecast by Type
10.6.1 Gears
10.6.2 Crankshaft
10.6.3 Axle
10.6.4 Bearing
10.6.5 Piston
10.6.6 Steering Knuckle
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 Forged Automotive Component Market Size Forecast by Applications
10.10.1 Heavy Commercial Vehicles
10.10.2 Light Commercial Vehicles
10.10.3 Passenger 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 Forged Automotive Component Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Forged Automotive Component 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 Forged Automotive Component Market Size Forecast by Type
11.6.1 Gears
11.6.2 Crankshaft
11.6.3 Axle
11.6.4 Bearing
11.6.5 Piston
11.6.6 Steering Knuckle
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 Forged Automotive Component Market Size Forecast by Applications
11.10.1 Heavy Commercial Vehicles
11.10.2 Light Commercial Vehicles
11.10.3 Passenger 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 Forged Automotive Component Analysis and Forecast
12.1 Introduction
12.2 Latin America Forged Automotive Component 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 Forged Automotive Component Market Size Forecast by Type
12.6.1 Gears
12.6.2 Crankshaft
12.6.3 Axle
12.6.4 Bearing
12.6.5 Piston
12.6.6 Steering Knuckle
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 Forged Automotive Component Market Size Forecast by Applications
12.10.1 Heavy Commercial Vehicles
12.10.2 Light Commercial Vehicles
12.10.3 Passenger 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) Forged Automotive Component Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Forged Automotive Component 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) Forged Automotive Component Market Size Forecast by Type
13.6.1 Gears
13.6.2 Crankshaft
13.6.3 Axle
13.6.4 Bearing
13.6.5 Piston
13.6.6 Steering Knuckle
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) Forged Automotive Component Market Size Forecast by Applications
13.10.1 Heavy Commercial Vehicles
13.10.2 Light Commercial Vehicles
13.10.3 Passenger 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 Forged Automotive Component Market: Competitive Dashboard
14.2 Global Forged Automotive Component Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kalyani
14.3.2 Om Forge
14.3.3 Super Auto Forge Private
14.3.4 GAZ
14.3.5 TBK
14.3.6 El Forge
14.3.7 Schweiger fulpmes
14.3.8 Nippon Steel & Sumitomo Metal
14.3.9 Thyssenkrupp Forging
14.3.10 Agrasen Engineering Industries
14.3.11 Kalyani
14.3.12 SDF Automotive
14.3.13 Happy Forgings
14.3.14 Indo Schottle Auto Parts
14.3.15 Mueller Brass
