Automotive Forging Market Definition:
Metal is shaped using compressive force during the forging production process. Manufacturing automotive parts such as engine parts (such as connecting rods, injection, crankshaft, camshaft, piston, etc.), chassis, bearings, gears, axles, and others is known as automotive forging. Depending on the mechanical qualities needed, the automobile forging process can be applied to materials in either a hot or cold state.
Superior toughness, strength, and high strength-to-weight ratios are features of automotive forged products. Aluminum and steel are two of the materials that are most frequently used in the automotive forging industry. Steel is frequently utilized in the forging of automobiles because of its durability, accessibility, and high resilience. Due to the rising need for lightweight automobiles, aluminium is becoming more popular in the automotive forging sector.
Since the invention of the technology, the automobile forging market has become increasingly popular and has been growing steadily over time. The rise in vehicle production worldwide is the main element influencing the market for automotive forging. The purchase of automotive forged components has increased exponentially as a result of the quick rise in automobile procurement. Additionally, the automobile OEMs’ interest is growing as forging businesses place more attention on automating the forging processes, which is currently pushing the market for automotive forging.
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Global Automotive Forging Market: Major Players
Thyssenkrupp AG
Bharat Forge Limited
Dana Inc.
NTN Corporation
American Axle & Manufacturing, Inc.
India Forge & Drop Stampings Ltd.
Meritor Inc.
Ramkrishna Forgings
Nanjing Automobile Forging Co. Ltd.
CIE Automotive, S.A.
Global Automotive Forging Market: By Types
Steel
Aluminum
Global Automotive Forging Market: By Applications
Gears
Crankshaft
Piston
Axle
Bearing
Connecting Roads
Others
Global Automotive Forging Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Automotive Forging report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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