Forging is a manufacturing process involving the shaping of metal using localized compressive forces. The blows are delivered with a hammer (often a power hammer) or a die. Forging is often classified according to the temperature at which it is performed: cold forging (a type of cold working), warm forging, or hot forging (a type of hot working). For the latter two, the metal is heated, usually in a forge. Forged parts can range in weight from less than a kilogram to hundreds of metric tons. The segments of the global automotive forging market on the basis of type are closed die, open die, and rolled rings. Amongst them, the segment of closed die dominates in terms of revenue and the trend is expected to continue over the forecast period. This is due to the par excellence performance and finish of products that are obtained using this process. Market Analysis and Insights: Global Automotive Forgings Market The global Automotive Forgings market is valued at US$ 42450 million in 2019. The market size will reach US$ 61600 million by the end of 2026, growing at a CAGR of 5.4% during 2021-2026. Global Automotive Forgings Scope and Segment Automotive Forgings market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Automotive Forgings market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027. Segment by Type Closed Die Forgings Open Die Forgings Rolled Rings Forgings Segment by Application Powertrain Components Chassis Components Transmission Parts Other Parts By Company Nippon Steel & Sumitomo Metal Aichi Steel Thyssenkrupp AAM Bharat Forge Limited KOBELCO WanXiang FAW Arconic Mahindra Forgings Europe Farinia Group Longcheng Forging Sinotruck Dongfeng Forging Jiangsu Pacific Precision Forging Sypris Solutions Ashok Leyland Limited Allegheny Technologies VDM Metals CITIC Heavy Industries Production by Region North America Europe China Japan South Korea India Consumption by Region North America U.S. Canada Europe Germany France U.K. Italy Russia Asia-Pacific China Japan South Korea India Australia Taiwan Indonesia Thailand Malaysia Philippines Vietnam Latin America Mexico Brazil Argentina Middle East & Africa Turkey Saudi Arabia U.A.E
1 Study Coverage 1.1 Automotive Forgings Product Introduction 1.2 Market by Type 1.2.1 Global Automotive Forgings Market Size Growth Rate by Type 1.2.2 Closed Die Forgings 1.2.3 Open Die Forgings 1.2.4 Rolled Rings Forgings 1.3 Market by Application 1.3.1 Global Automotive Forgings Market Size Growth Rate by Application 1.3.2 Powertrain C
