Market Overview:
The global steel forging for automotive 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. Steel forging is extensively used in various components of a vehicle such as bearings, crankshafts, pistons, among others. Based on type, the bearing segment is expected to account for a major share of the global steel forging for automotive market during the forecast period. This can be attributed to its extensive use in various components of a vehicle.
Product Definition:
Steel forging for automotive is a process of shaping steel by hammering it while it is red hot. This is important because it gives the steel the desired shape and also strengthens it.
Bearing:
Bearing is a cylindrical component with rolling surfaces, which are used in various applications in the automotive industry. The bearing's growth factor depends on the load it has to carry and its speed of rotation. Generally, low-speed bearings have higher load carrying capacity than high-speed bearings; however, high-speed bearings can handle more heavy loads than low-speed bearings.
The global bearing market size was valued at USD 14 billion in 2016.
Crankshaft:
Crankshaft is the main shaft of a reciprocating engine. It is located inside the engine block and has several important components attached to it such as rods, connecting rods, timing belts, oil pump gears and others. The material used for making crankshaft depends on various factors such as power output required by vehicle & application type (race car or roadster), desired weight reduction in an automobile along with other factors like cost optimization among others.
Application Insights:
The commercial vehicle segment held the largest share of more than 60.0% in 2017. The growth can be attributed to the increasing demand for trucks, buses, and other coaches from various industries across the globe. In addition, growing penetration of forged products in commercial vehicles is expected to drive their demand over the forecast period.
Passenger car application segment is projected to witness significant growth over the forecast period owing to rising disposable income among consumers and rapid urbanization in developing countries such as India and China. Moreover, favorable government policies promoting electric vehicles are anticipated to augment market growth over the coming years.
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 30% in terms of volume, which can be attributed to increasing demand from developing countries such as India and China. In addition, rising disposable income coupled with growing consumer awareness regarding safety & performance of vehicles is anticipated to drive growth over the forecast period.
The European market was valued at USD X million in 2017 owing to high demand from automobile manufacturers across Germany, France and Italy for manufacturing bearing steel forgings used in automotive production plants located within these countries due to their well-established automotive industries supported by skilled labor force availability at low cost along with easy access to latest technologies required for vehicle development & production process resulting into highest regional revenue share during the forecast years.
Growth Factors:
- Increasing demand for lightweight vehicles to reduce fuel consumption and emissions
- Rising demand for electric and hybrid vehicles
- Growing automotive production in developing countries
- Proliferation of advanced driver assistance systems (ADAS) and autonomous driving technologies
- Stringent government regulations mandating the use of lighter, more fuel-efficient materials in automobiles
Scope Of The Report
Report Attributes
Report Details
Report Title
Steel Forging for Automotive Market Research Report
By Type
Bearing, Crankshaft, 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, GKN, 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
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Steel Forging for Automotive Market Report Segments:
The global Steel Forging for Automotive market is segmented on the basis of:
Types
Bearing, Crankshaft, 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
- GKN
- Sumitomo
- Kisaan Steels
- Happy Forgings
- Bharat Forge Limited
Highlights of The Steel Forging for Automotive 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
- 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 Steel Forging for Automotive 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
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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?
Steel forging is a manufacturing process used to create parts from steel by heating the metal until it becomes malleable and can be shaped into the desired form.
Some of the major companies in the steel forging for automotive market are GKN, EL Forge Limited, ThyssenKrupp, Robert Bosch GmbH, American Axle＆Manufacturing Holdings, Precision Castparts, Ellwood Group, ATI Ladish Forging, FRISA, NTN Corporation, GKN, Sumitomo, Kisaan Steels, Happy Forgings, Bharat Forge Limited.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Steel Forging for Automotive 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 Steel Forging for Automotive Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Steel Forging for Automotive 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 Steel Forging for Automotive 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 Steel Forging for Automotive Market Size & Forecast, 2020-2028
4.5.1 Steel Forging for Automotive Market Size and Y-o-Y Growth
4.5.2 Steel Forging for Automotive Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Bearing
5.2.2 Crankshaft
5.2.3 Piston
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 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 Steel Forging for Automotive 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 Steel Forging for Automotive 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Bearing
9.6.2 Crankshaft
9.6.3 Piston
9.6.4 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 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Bearing
10.6.2 Crankshaft
10.6.3 Piston
10.6.4 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 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Bearing
11.6.2 Crankshaft
11.6.3 Piston
11.6.4 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 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Bearing
12.6.2 Crankshaft
12.6.3 Piston
12.6.4 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 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Bearing
13.6.2 Crankshaft
13.6.3 Piston
13.6.4 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) 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 Steel Forging for Automotive Market: Competitive Dashboard
14.2 Global Steel Forging for Automotive 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 GKN
14.3.12 Sumitomo
14.3.13 Kisaan Steels
14.3.14 Happy Forgings
14.3.15 Bharat Forge Limited
