Forged Automotive Component Market
Forged Automotive Component Market Study by Gear, Crankshafts, Axles, Bearings, Pistons, CV Joints, Beams, Fittings & Flanges, Valve Bodies, and High-Pressure Valves from 2024 to 2034
Analysis of Forged Automotive Component Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Forged Automotive Component Market Outlook (2024 to 2034)
The global forged automotive component market size is projected to be valued at US$ 51.3 billion in 2024. Worldwide demand for forged automotive components is forecasted to rise at a steady CAGR of 4.9% and reach a market value of US$ 82.78 billion by 2034-end.
Forged automotive components refer to parts of a vehicle that have undergone the forging process to enhance their strength, durability, and performance. Forging is a manufacturing process that involves shaping metal by applying localized compressive forces. In the context of automotive components, this process is commonly used for shaping and forming various parts using materials such as steel, aluminum, or alloys.
Common examples of forged auto parts include gears, crankshafts, axles, bearings, pistons, steering knuckles, CV joints, beams, fittings and flanges, and valve bodies and high-pressure valves that play crucial roles in the overall performance and safety of the vehicle. Use of forged components contributes to the overall efficiency, longevity, and safety of automotive systems.
- Worldwide sales of forged automotive gears are forecasted to increase at 5.1% and reach US$ 16.05 billion by 2034-end.
Forged gears exhibit superior strength and durability compared to gears produced through other manufacturing processes. The automotive industry demands components that can withstand high loads, vibrations, and varying operating conditions. Forged auto gears are designed to be lighter than their counterparts made through alternative processes.
East Asia serves as a global manufacturing hub for various sectors, including automotive. The concentration of automotive production facilities and the region's strategic geographic location are contributing to the high demand for forged components to meet the needs of both domestic and international markets.
The automotive sector in East Asian countries is exhibiting significant growth. The expansion of both domestic and international automobile manufacturing is further leading to a high demand for high-quality forged auto components, including brake components.
- East Asia is projected to account for 39.3% of the global forged automotive component market share by 2034.
- The North American forged automotive component market size is forecasted to reach US$ 13.18 billion for 2024.
| Report Attributes | Details |
|---|---|
| Forged Automotive Component Market Size (2024E) | US$ 51.3 Billion |
| Forecasted Market Value (2034F) | US$ 82.78 Billion |
| Global Market Growth Rate (2024 to 2034) | 4.9% CAGR |
| Mexico Market Value (2024E) | US$ 672.5 Million |
| South Korea Market Value (2034F) | US$ 2.01 Billion |
| Forged Automotive Bearing Demand Growth (2024 to 2034) | 5.7% CAGR |
| Key Companies Profiled | American Axle and Manufacturing Inc.; Bharat Forge Limited; Dana Limited; ThyssenKrupp AG; CIE Automotive; NTN Corporation; Meritor Inc.; TBK Co., Ltd.; EL Forge Limited; ZF Friedrichshafen AG; Kalyani Group; Super Auto Forge Private Limited; GAZ Group; Advance Forgings Pvt. Ltd.; SDF Automotive; Happy Forgings Limited; Schweiger Fulpmes GmbH; Nippon Steel & Sumitomo Metal Corporation; Agrasen Engineering Industries Pvt. Ltd.; Indo Schöttle Auto Parts Pvt. Ltd.; Mueller Brass Co. |
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Which Forged Automotive Component Market Trends are Manufacturers Capitalizing On?
“Forged Auto Components Ensuring Efficient Power Transmission in EVs”
Growing popularity of electric vehicles (EVs) is significantly reshaping the automotive manufacturing landscape. The distinctive characteristics of electric propulsion systems, such as high torque and efficiency, are influencing the demand for specialized forged components, particularly in drivetrain and power transmission systems.
Electric vehicles are known for their immediate and consistent torque delivery, a characteristic that distinguishes them from traditional internal combustion engine vehicles. To withstand the high torque generated by electric motors, components within the drivetrain, such as gears and shafts, need to exhibit exceptional strength and durability. Forged components, with their superior mechanical properties and fatigue resistance, are well-suited to meet the rigorous demands of electric drivetrains.
Efficiency of power transmission is critical in electric vehicles to ensure that the energy from the battery is effectively converted into motion. High-strength forged gears play a crucial role in this process by providing a robust and efficient means of transmitting power from the electric motor to the wheels. The precise engineering and strength-to-weight ratio of forged gears contribute to the overall efficiency and performance of the power transmission system in EVs.
“Technological Advancements Entailing Development of High-Performance Forged Auto Parts”
The forging industry is undergoing a significant transformation driven by continuous technological advancements. The integration of computer-aided design (CAD), simulation tools, and automated forging processes is revolutionizing traditional manufacturing practices. This adoption of cutting-edge technologies is enhancing the precision, efficiency, and cost-effectiveness of forging operations and leading to the development of high-quality forged components.
CAD technology enables precise digital modeling and design of forged components. This technology is helping manufacturers create detailed 3D models and allowing for accurate simulations and analyses before physical production begins. This level of precision in the design phase ensures that forged components meet strict specifications and quality standards.
Automation in forging processes reduces manual intervention and enhances production efficiency. Automated systems handle repetitive tasks with precision, leading to consistent quality in forged components. This high efficiency is crucial in meeting the growing demand for forged automotive components.
Which Challenges are Hurting the Profits of Forged Automotive Component Manufacturers?
“High Initial Investment and Limited Budget Flexibility”
While adoption of advanced forging technologies brings several benefits, it also presents challenges, especially for smaller manufacturers. The significant initial investment required to upgrade facilities and implement cutting-edge forging equipment can impose several limitations, potentially hindering the competitiveness of smaller players in the industry.
Upgrading to advanced forging technologies involves a substantial upfront financial investment. For smaller manufacturers with limited capital resources, this poses a significant financial strain. The cost of acquiring new equipment, implementing automation, and training personnel on modern technologies can be prohibitive.
Smaller manufacturers often operate on tighter budgets, leaving little room for absorbing the high costs associated with technological upgrades. This limitation impacts their ability to stay competitive and invest in research and development or explore new market opportunities.
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How are Startups Making a Mark in This Market?
“Focus on Employing Cutting-Edge Forging Techniques”
New companies can set themselves apart by focusing on innovation in forged automotive components. This may involve the development of unique designs, advanced materials, or forging techniques that enhance the performance, durability, or lightweight properties of components.
Innovative products help to attract the attention of customers seeking cutting-edge solutions. By offering distinct advantages over existing components, new companies can secure a niche market segment and establish a reputation for being at the forefront of technological advancements.
“Strategic Alliances and Partnerships Boosting Credibility of New Companies”
Forming strategic alliances and partnerships with established players, raw material suppliers, or research institutions can provide new companies with access to resources, expertise, and a broader network within the industry.
Collaborative efforts are foreseen to lead to shared knowledge, reduced production costs, and vast market reach. By aligning with key stakeholders, new manufacturers can accelerate their learning curve and gain credibility in the market.
Country-wise Analysis
According to Fact.MR, a market research and competitive intelligence provider, the forged automotive component market growth in the United States, Germany, and Japan is driven by a combination of industry-specific factors, including automotive manufacturing excellence, performance requirements, lightweighting initiatives, technological innovation, and a commitment to sustainability.
Why are Forged Automotive Components Gaining Traction in the United States?
“Rapid Automotive Sector Growth Pushing Sales of Forged Vehicle Parts”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 11.4 Billion |
| Growth Rate (2024 to 2034) | 4.9% CAGR |
| Projected Value (2034F) | US$ 18.37 Billion |
Robust growth of the automotive sector in the United States is a primary driver for the demand for high-strength forged automotive components. The continuous expansion of domestic and international automobile manufacturing is contributing to a steady need for high-quality forged auto parts.
Why are Forged Automotive Component Manufacturers Investing in Germany?
“Automotive Engineering Excellence Boosting Utilization of High-quality Forged Auto Parts”
Germany is renowned for its automotive engineering excellence, particularly in manufacturing high-performance and luxury vehicles. This emphasis on precision and performance is driving healthy demand for forged automotive components that can withstand the demands of premium vehicle applications.
What Makes Forged Automotive Components Made in Japan Highly Popular?
“Focus on Fuel Efficiency Prompting Production of Lightweight Forged Auto Components”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 4.27 Billion |
| Growth Rate (2024 to 2034) | 4.5% CAGR |
| Projected Value (2034F) | US$ 6.66 Billion |
Fuel efficiency is a critical consideration in the Japanese automotive market. Forged components, known for their ability to contribute to lightweight and improve fuel efficiency, are gaining traction as Japanese automakers strive to meet stringent fuel economy standards.
Japanese automakers are pioneers in precision engineering and innovation. Demand for advanced forging technologies including computer-aided design and automated processes in Japan is driven by the need for precision and efficiency in the production of forged automotive components.
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Category-wise Analysis
Widespread usage of forged auto parts in passenger vehicles is driven by their inherent strengths, including superior durability, safety characteristics, weight reduction capabilities, precision engineering, customization options, cost-efficiency, and their positive impact on overall vehicle performance.
Why are Forged Automotive Components Widely Utilized in Passenger Vehicles?
“Forged Auto Components Contributing to Vehicle Stability and Passenger Safety”
| Attribute | Passenger Vehicles |
|---|---|
| Segment Value (2024E) | US$ 35.35 Billion |
| Growth Rate (2024 to 2034) | 5.1% CAGR |
| Projected Value (2034F) | US$ 58.14 Billion |
Forged auto parts are widely utilized in passenger vehicles across the automotive sector due to several key advantages offered by the forging process. These advantages align with the specific requirements of passenger vehicles, contributing to enhanced performance, safety, and overall efficiency.
Passenger vehicles prioritize safety, and forged auto parts excel in meeting stringent safety standards. The forging process aligns with safety requirements by producing components with high structural integrity and resistance to fatigue.
Key safety components, including steering and suspension parts, are often forged. These components play a critical role in maintaining vehicle stability, handling, and responsiveness, contributing to passenger safety in various driving scenarios. Weight reduction is a key consideration for improving fuel efficiency in passenger vehicles. Forged auto parts offer a high strength-to-weight ratio, allowing manufacturers to reduce the overall weight of the vehicle without compromising structural integrity.
Competitive Landscape
Key players in the forged automotive component market are employing several organic and inorganic strategies to earn more and achieve a competitive edge in the market. These include vertical integration, global market expansion, focus on the production of high-performance components, investment in R&D, strategic collaborations, adoption of advanced manufacturing technologies, brand building, efficient supply chain management, environmental sustainability, and continuous quality improvement.
Integration of these strategies allows market leaders to navigate industry dynamics, drive innovation, and consistently enhance their earnings over time.
Key Segments of Forged Automotive Component Market Research
-
By Component:
- Gears
- Crankshafts
- Axles
- Bearings
- Pistons
- Steering Knuckles
- CV Joints
- Beams
- Fittings and Flanges
- Valve Bodies and High-Pressure Valves
- Others
-
By Vehicle Type:
- Passenger Vehicles
- Commercial Vehicles
-
By Forging Process:
- Impression Die Forging
- Hydraulic Presses
- Mechanical Presses
- Hammers
- Cold Forging
- Open Die Forging
- Seamless Rolled Ring Forging
- Impression Die Forging
-
By Application:
- Power Train Components
- Chassis Components
- Transmission Parts
- Others
-
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 4. Market Background
- 5. Global Market Pricing Analysis
- 6. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034)
- 7. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by Component
- 7.1. Gears
- 7.2. Crankshafts
- 7.3. Axles
- 7.4. Bearings
- 7.5. Pistons
- 7.6. Steering Knuckles
- 7.7. CV Joints
- 7.8. Beams
- 7.9. Fittings and Flanges
- 7.10. Valve Bodies and High-Pressure Valves
- 7.11. Others
- 8. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by Vehicle Type
- 8.1. Passenger Vehicles
- 8.2. Commercial Vehicles
- 9. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by Forging Process
- 9.1. Impression Die Forging
- 9.2. Cold Forging
- 9.3. Open Die Forging
- 9.4. Seamless Rolled Ring Forging
- 10. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by Application
- 10.1. Power Train Components
- 10.2. Chassis Components
- 10.3. Transmission Parts
- 10.4. Others
- 11. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by Region
- 11.1. North America
- 11.2. Europe
- 11.3. East Asia
- 11.4. South Asia
- 11.5. Latin America
- 11.6. Middle East & Africa (MEA)
- 11.7. Oceania
- 12. North America Market Analysis and Forecast
- 13. Europe Market Analysis and Forecast
- 14. East Asia Market Analysis and Forecast
- 15. South Asia Market Analysis and Forecast
- 16. Latin America Market Analysis and Forecast
- 17. Middle East & Africa Market Analysis and Forecast
- 18. Oceania Market Analysis and Forecast
- 19. Global Market Analysis Key Countries
- 20. Competition Landscape
- 21. Competition Analysis
- 21.1. American Axle and Manufacturing Inc.
- 21.2. Bharat Forge Limited
- 21.3. Dana Limited
- 21.4. ThyssenKrupp AG
- 21.5. CIE Automotive
- 21.6. NTN Corporation
- 21.7. Meritor Inc.
- 21.8. TBK Co., Ltd.
- 21.9. EL Forge Limited
- 21.10. ZF Friedrichshafen AG
- 21.11. Kalyani Group
- 21.12. Super Auto Forge Private Limited
- 21.13. GAZ Group
- 21.14. Advance Forgings Pvt. Ltd.
- 21.15. SDF Automotive
- 21.16. Happy Forgings Limited
- 21.17. Schweiger Fulpmes GmbH
- 21.18. Nippon Steel & Sumitomo Metal Corporation
- 21.19. Agrasen Engineering Industries Pvt. Ltd.
- 21.20. Indo Schöttle Auto Parts Pvt. Ltd.
- 21.21. Mueller Brass Co.
- 22. Appendix
- 23. Definitions of Analytical Frameworks
- 24. Sources and References
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List Of Table
Table 01: Global Market by Component, 2018 to 2034
Table 02: Global Market Value (US$ Mn), by Component, 2018 to 2034
Table 03: Global Market by Vehicle Type, 2018 to 2034
Table 04: Global Market Value (US$ Mn), by Vehicle Type, 2018 to 2034
Table 05: Global Market by Forging Process, 2018 to 2034
Table 06: Global Market Value (US$ Mn), by Forging Process, 2018 to 2034
Table 07: Global Market by Application, 2018 to 2034
Table 08: Global Market Value (US$ Mn), by Application, 2018 to 2034
Table 09: Global Market by Region, 2018 to 2034
Table 10: Global Market Value (US$ Mn), by Region, 2018 to 2034
Table 11: North America Market by Component, 2018 to 2034
Table 12: North America Market Value (US$ Mn), by Component, 2018 to 2034
Table 13: North America Market by Vehicle Type, 2018 to 2034
Table 14: North America Market Value (US$ Mn), by Vehicle Type, 2018 to 2034
Table 15: North America Market by Forging Process, 2018 to 2034
Table 16: North America Market Value (US$ Mn), by Forging Process, 2018 to 2034
Table 17: North America Market by Application, 2018 to 2034
Table 18: North America Market Value (US$ Mn), by Application, 2018 to 2034
Table 19: North America Market by Country, 2018 to 2034
Table 20: North America Market Value (US$ Mn), by Country, 2018 to 2034
Table 21: Europe Market by Component, 2018 to 2034
Table 22: Europe Market Value (US$ Mn), by Component, 2018 to 2034
Table 23: Europe Market by Vehicle Type, 2018 to 2034
Table 24: Europe Market Value (US$ Mn), by Vehicle Type, 2018 to 2034
Table 25: Europe Market by Forging Process, 2018 to 2034
Table 26: Europe Market Value (US$ Mn), by Forging Process, 2018 to 2034
Table 27: Europe Market by Application, 2018 to 2034
Table 28: Europe Market Value (US$ Mn), by Application, 2018 to 2034
Table 29: Europe Market by Country, 2018 to 2034
Table 30: Europe Market Value (US$ Mn), by Country, 2018 to 2034
Table 31: East Asia Market by Component, 2018 to 2034
Table 32: East Asia Market Value (US$ Mn), by Component, 2018 to 2034
Table 33: East Asia Market by Vehicle Type, 2018 to 2034
Table 34: East Asia Market Value (US$ Mn), by Vehicle Type, 2018 to 2034
Table 35: East Asia Market by Forging Process, 2018 to 2034
Table 36: East Asia Market Value (US$ Mn), by Forging Process, 2018 to 2034
Table 37: East Asia Market by Application, 2018 to 2034
Table 38: East Asia Market Value (US$ Mn), by Application, 2018 to 2034
Table 39: East Asia Market by Country, 2018 to 2034
Table 40: East Asia Market Value (US$ Mn), by Country, 2018 to 2034
Table 41: South Asia Market by Component, 2018 to 2034
Table 42: South Asia Market Value (US$ Mn), by Component, 2018 to 2034
Table 43: South Asia Market by Vehicle Type, 2018 to 2034
Table 44: South Asia Market Value (US$ Mn), by Vehicle Type, 2018 to 2034
Table 45: South Asia Market by Forging Process, 2018 to 2034
Table 46: South Asia Market Value (US$ Mn), by Forging Process, 2018 to 2034
Table 47: South Asia Market by Application, 2018 to 2034
Table 48: South Asia Market Value (US$ Mn), by Application, 2018 to 2034
Table 49: South Asia Market by Country, 2018 to 2034
Table 50: South Asia Market Value (US$ Mn), by Country, 2018 to 2034
Table 51: Latin America Market by Component, 2018 to 2034
Table 52: Latin America Market Value (US$ Mn), by Component, 2018 to 2034
Table 53: Latin America Market by Vehicle Type, 2018 to 2034
Table 54: Latin America Market Value (US$ Mn), by Vehicle Type, 2018 to 2034
Table 55: Latin America Market by Forging Process, 2018 to 2034
Table 56: Latin America Market Value (US$ Mn), by Forging Process, 2018 to 2034
Table 57: Latin America Market by Application, 2018 to 2034
Table 58: Latin America Market Value (US$ Mn), by Application, 2018 to 2034
Table 59: Latin America Market by Country, 2018 to 2034
Table 60: Latin America Market Value (US$ Mn), by Country, 2018 to 2034
Table 61: Middle East and Africa Market by Component, 2018 to 2034
Table 62: Middle East and Africa Market Value (US$ Mn), by Component, 2018 to 2034
Table 63: Middle East and Africa Market by Vehicle Type, 2018 to 2034
Table 64: Middle East and Africa Market Value (US$ Mn), by Vehicle Type, 2018 to 2034
Table 65: Middle East and Africa Market by Forging Process, 2018 to 2034
Table 66: Middle East and Africa Market Value (US$ Mn), by Forging Process, 2018 to 2034
Table 67: Middle East and Africa Market by Application, 2018 to 2034
Table 68: Middle East and Africa Market Value (US$ Mn), by Application, 2018 to 2034
Table 69: Middle East and Africa Market by Country, 2018 to 2034
Table 70: Middle East and Africa Market Value (US$ Mn), by Country, 2018 to 2034
Table 71: Oceania Market by Component, 2018 to 2034
Table 72: Oceania Market Value (US$ Mn), by Component, 2018 to 2034
Table 73: Oceania Market by Vehicle Type, 2018 to 2034
Table 74: Oceania Market Value (US$ Mn), by Vehicle Type, 2018 to 2034
Table 75: Oceania Market by Forging Process, 2018 to 2034
Table 76: Oceania Market Value (US$ Mn), by Forging Process, 2018 to 2034
Table 77: Oceania Market by Application, 2018 to 2034
Table 78: Oceania Market Value (US$ Mn), by Application, 2018 to 2034
Table 79: Oceania Market by Country, 2018 to 2034
Table 80: Oceania Market Value (US$ Mn), by Country, 2018 to 2034
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List Of Figures
Fig 01: Global Market Value (US$) and Y-o-Y Growth, 2018 to 2034
Fig 02: Global Absolute $ Historical Market (2018 to 2023) and Absolute $ Opportunity (2024 to 2034), US$ Mn
Fig 03: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Fig 04: Global Market Incremental $ Opportunity (US$ Thousand), 2024 to 2034
Fig 05: Global Market Share, By Component – 2024 to 2034
Fig 06: Global Market Y-o-Y Growth Projections, By Component – 2024 to 2034
Fig 07: Global Market Attractiveness Index, By Component – 2024 to 2034
Fig 08: Global Market Share, By Vehicle Type – 2024 to 2034
Fig 09: Global Market Y-o-Y Growth Projections, By Vehicle Type – 2024 to 2034
Fig 10: Global Market Attractiveness Index, By Vehicle Type – 2024 to 2034
Fig 11: Global Market Share, By Forging Process – 2024 to 2034
Fig 12: Global Market Y-o-Y Growth Projections, By Forging Process – 2024 to 2034
Fig 13: Global Market Attractiveness Index, By Forging Process – 2024 to 2034
Fig 14: Global Market Share, By Application – 2024 to 2034
Fig 15: Global Market Y-o-Y Growth Projections, By Application – 2024 to 2034
Fig 16: Global Market Attractiveness Index, By Application – 2024 to 2034
Fig 17: Global Market Share, by Region – 2024 to 2034
Fig 18: Global Market Y-o-Y Growth Projections, by Region – 2024 to 2034
Fig 19: Global Market Attractiveness Index, by Region – 2024 to 2034
Fig 20: Y-o-Y Growth Comparison of Market: North America Vs North America Countries Vs North America Average
Fig 21: North America Market Share, By Component – 2024 to 2034
Fig 22: North America Market Y-o-Y Growth Projections, By Component – 2024 to 2034
Fig 23: North America Market Attractiveness Index, By Component – 2024 to 2034
Fig 24: North America Market Share, By Vehicle Type – 2024 to 2034
Fig 25: North America Market Y-o-Y Growth Projections, By Vehicle Type – 2024 to 2034
Fig 26: North America Market Attractiveness Index, By Vehicle Type – 2024 to 2034
Fig 27: North America Market Share, By Forging Process – 2024 to 2034
Fig 28: North America Market Y-o-Y Growth Projections, By Forging Process – 2024 to 2034
Fig 29: North America Market Attractiveness Index, By Forging Process – 2024 to 2034
Fig 30: North America Market Share, By Application – 2024 to 2034
Fig 31: North America Market Y-o-Y Growth Projections, By Application – 2024 to 2034
Fig 32: North America Market Attractiveness Index, By Application – 2024 to 2034
Fig 33: North America Market Share, By Country – 2024 to 2034
Fig 34: North America Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 35: North America Market Attractiveness Index, By Country – 2024 to 2034
Fig 36: Y-o-Y Growth Comparison of Market: Europe Vs Europe Countries Vs Europe Average
Fig 37: Europe Market Share, By Component – 2024 to 2034
Fig 38: Europe Market Y-o-Y Growth Projections, By Component – 2024 to 2034
Fig 39: Europe Market Attractiveness Index, By Component – 2024 to 2034
Fig 40: Europe Market Share, By Vehicle Type – 2024 to 2034
Fig 41: Europe Market Y-o-Y Growth Projections, By Vehicle Type – 2024 to 2034
Fig 42: Europe Market Attractiveness Index, By Vehicle Type – 2024 to 2034
Fig 43: Europe Market Share, By Forging Process – 2024 to 2034
Fig 44: Europe Market Y-o-Y Growth Projections, By Forging Process – 2024 to 2034
Fig 45: Europe Market Attractiveness Index, By Forging Process – 2024 to 2034
Fig 46: Europe Market Share, By Application – 2024 to 2034
Fig 47: Europe Market Y-o-Y Growth Projections, By Application – 2024 to 2034
Fig 48: Europe Market Attractiveness Index, By Application – 2024 to 2034
Fig 49: Europe Market Share, By Country – 2024 to 2034
Fig 50: Europe Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 51: Europe Market Attractiveness Index, By Country – 2024 to 2034
Fig 52: Y-o-Y Growth Comparison of Market: East Asia Vs East Asia Countries Vs East Asia Average
Fig 53: East Asia Market Share, By Component – 2024 to 2034
Fig 54: East Asia Market Y-o-Y Growth Projections, By Component – 2024 to 2034
Fig 55: East Asia Market Attractiveness Index, By Component – 2024 to 2034
Fig 56: East Asia Market Share, By Vehicle Type – 2024 to 2034
Fig 57: East Asia Market Y-o-Y Growth Projections, By Vehicle Type – 2024 to 2034
Fig 58: East Asia Market Attractiveness Index, By Vehicle Type – 2024 to 2034
Fig 59: East Asia Market Share, By Forging Process – 2024 to 2034
Fig 60: East Asia Market Y-o-Y Growth Projections, By Forging Process – 2024 to 2034
Fig 61: East Asia Market Attractiveness Index, By Forging Process – 2024 to 2034
Fig 62: East Asia Market Share, By Application – 2024 to 2034
Fig 63: East Asia Market Y-o-Y Growth Projections, By Application – 2024 to 2034
Fig 64: East Asia Market Attractiveness Index, By Application – 2024 to 2034
Fig 65: East Asia Market Share, By Country – 2024 to 2034
Fig 66: East Asia Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 67: East Asia Market Attractiveness Index, By Country – 2024 to 2034
Fig 68: Y-o-Y Growth Comparison of Market: South Asia Vs South Asia Countries Vs South Asia Average
Fig 69: South Asia Market Share, By Component – 2024 to 2034
Fig 70: South Asia Market Y-o-Y Growth Projections, By Component – 2024 to 2034
Fig 71: South Asia Market Attractiveness Index, By Component – 2024 to 2034
Fig 72: South Asia Market Share, By Vehicle Type – 2024 to 2034
Fig 73: South Asia Market Y-o-Y Growth Projections, By Vehicle Type – 2024 to 2034
Fig 74: South Asia Market Attractiveness Index, By Vehicle Type – 2024 to 2034
Fig 75: South Asia Market Share, By Forging Process – 2024 to 2034
Fig 76: South Asia Market Y-o-Y Growth Projections, By Forging Process – 2024 to 2034
Fig 77: South Asia Market Attractiveness Index, By Forging Process – 2024 to 2034
Fig 78: South Asia Market Share, By Application – 2024 to 2034
Fig 78: South Asia Market Y-o-Y Growth Projections, By Application – 2024 to 2034
Fig 80: South Asia Market Attractiveness Index, By Application – 2024 to 2034
Fig 81: South Asia Market Share, By Country – 2024 to 2034
Fig 82: South Asia Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 83: South Asia Market Attractiveness Index, By Country – 2024 to 2034
Fig 84: Y-o-Y Growth Comparison of Market: Latin America Vs Latin America Countries Vs Latin America Average
Fig 85: Latin America Market Share, By Component – 2024 to 2034
Fig 86: Latin America Market Y-o-Y Growth Projections, By Component – 2024 to 2034
Fig 87: Latin America Market Attractiveness Index, By Component – 2024 to 2034
Fig 88: Latin America Market Share, By Vehicle Type – 2024 to 2034
Fig 89: Latin America Market Y-o-Y Growth Projections, By Vehicle Type – 2024 to 2034
Fig 90: Latin America Market Attractiveness Index, By Vehicle Type – 2024 to 2034
Fig 91: Latin America Market Share, By Forging Process – 2024 to 2034
Fig 92: Latin America Market Y-o-Y Growth Projections, By Forging Process – 2024 to 2034
Fig 93: Latin America Market Attractiveness Index, By Forging Process – 2024 to 2034
Fig 94: Latin America Market Share, By Application – 2024 to 2034
Fig 95: Latin America Market Y-o-Y Growth Projections, By Application – 2024 to 2034
Fig 96: Latin America Market Attractiveness Index, By Application – 2024 to 2034
Fig 97: Latin America Market Share, By Country – 2024 to 2034
Fig 98: Latin America Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 99: Latin America Market Attractiveness Index, By Country – 2024 to 2034
Fig 100: Y-o-Y Growth Comparison of Market: MEA Vs MEA Countries Vs MEA Average
Fig 101: MEA Market Share, By Component – 2024 to 2034
Fig 102: MEA Market Y-o-Y Growth Projections, By Component – 2024 to 2034
Fig 103: MEA Market Attractiveness Index, By Component – 2024 to 2034
Fig 104: MEA Market Share, By Vehicle Type – 2024 to 2034
Fig 105: MEA Market Y-o-Y Growth Projections, By Vehicle Type – 2024 to 2034
Fig 106: MEA Market Attractiveness Index, By Vehicle Type – 2024 to 2034
Fig 107: MEA Market Share, By Forging Process – 2024 to 2034
Fig 108: MEA Market Y-o-Y Growth Projections, By Forging Process – 2024 to 2034
Fig 109: MEA Market Attractiveness Index, By Forging Process – 2024 to 2034
Fig 110: MEA Market Share, By Application – 2024 to 2034
Fig 111: MEA Market Y-o-Y Growth Projections, By Application – 2024 to 2034
Fig 112: MEA Market Attractiveness Index, By Application – 2024 to 2034
Fig 113: MEA Market Share, By Country – 2024 to 2034
Fig 114: MEA Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 115: MEA Market Attractiveness Index, By Country – 2024 to 2034
Fig 116: Y-o-Y Growth Comparison of Market: Oceania Vs Oceania Countries Vs Oceania Average
Fig 117: Oceania Market Share, By Component – 2024 to 2034
Fig 118: Oceania Market Y-o-Y Growth Projections, By Component – 2024 to 2034
Fig 119: Oceania Market Attractiveness Index, By Component – 2024 to 2034
Fig 120: Oceania Market Share, By Vehicle Type – 2024 to 2034
Fig 121: Oceania Market Y-o-Y Growth Projections, By Vehicle Type – 2024 to 2034
Fig 122: Oceania Market Attractiveness Index, By Vehicle Type – 2024 to 2034
Fig 123: Oceania Market Share, By Forging Process – 2024 to 2034
Fig 124: Oceania Market Y-o-Y Growth Projections, By Forging Process – 2024 to 2034
Fig 125: Oceania Market Attractiveness Index, By Forging Process – 2024 to 2034
Fig 126: Oceania Market Share, By Application – 2024 to 2034
Fig 127: Oceania Market Y-o-Y Growth Projections, By Application – 2024 to 2034
Fig 128: Oceania Market Attractiveness Index, By Application – 2024 to 2034
Fig 129: Oceania Market Share, By Country – 2024 to 2034
Fig 130: Oceania Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 131: Oceania Market Attractiveness Index, By Country – 2024 to 2034
Fig 132: United States Market share by Component, 2023
Fig 133: United States Market share by Vehicle Type, 2023
Fig 134: United States Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 135: United States Market Share by Application, 2023
Fig 136: Canada Market share by Component, 2023
Fig 137: Canada Market share by Vehicle Type, 2023
Fig 138: Canada Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 139: Canada Market Share by Application, 2023
Fig 140: Germany Market share by Component, 2023
Fig 141: Germany Market share by Vehicle Type, 2023
Fig 142: Germany Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 143: Germany Market Share by Application, 2023
Fig 144: United Kingdom Market share by Component, 2023
Fig 145: United Kingdom Market share by Vehicle Type, 2023
Fig 146: United Kingdom Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 147: United Kingdom Market Share by Application, 2023
Fig 148: France Market share by Component, 2023
Fig 149: France Market share by Vehicle Type, 2023
Fig 150: France Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 151: France Market Share by Application, 2023
Fig 152: Russia Market share by Component, 2023
Fig 153: Russia Market share by Vehicle Type, 2023
Fig 154: Russia Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 155: Russia Market Share by Application, 2023
Fig 156: Spain Market share by Component, 2023
Fig 157: Spain Market share by Vehicle Type, 2023
Fig 158: Spain Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 159: Spain Market Share by Application, 2023
Fig 160: Italy Market share by Component, 2023
Fig 161: Italy Market share by Vehicle Type, 2023
Fig 162: Italy Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 163: Italy Market Share by Application, 2023
Fig 164: China Market share by Component, 2023
Fig 165: China Market share by Vehicle Type, 2023
Fig 166: China Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 167: China Market Share by Application, 2023
Fig 168: Japan Market share by Component, 2023
Fig 169: Japan Market share by Vehicle Type, 2023
Fig 170: Japan Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 171: Japan Market Share by Application, 2023
Fig 172: South Korea Market share by Component, 2023
Fig 173: South Korea Market share by Vehicle Type, 2023
Fig 174: South Korea Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 175: South Korea Market Share by Application, 2023
Fig 176: India Market share by Component, 2023
Fig 177: India Market share by Vehicle Type, 2023
Fig 178: India Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 179: India Market Share by Application, 2023
Fig 180: Singapore Market share by Component, 2023
Fig 181: Singapore Market share by Vehicle Type, 2023
Fig 182: Singapore Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 183: Singapore Market Share by Application, 2023
Fig 184: Indonesia Market share by Component, 2023
Fig 185: Indonesia Market share by Vehicle Type, 2023
Fig 186: Indonesia Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 187: Indonesia Market Share by Application, 2023
Fig 188: Thailand Market share by Component, 2023
Fig 189: Thailand Market share by Vehicle Type, 2023
Fig 190: Thailand Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 191: Thailand Market Share by Application, 2023
Fig 192: Brazil Market share by Component, 2023
Fig 193: Brazil Market share by Vehicle Type, 2023
Fig 194: Brazil Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 195: Brazil Market Share by Application, 2023
Fig 196: Mexico Market share by Component, 2023
Fig 197: Mexico Market share by Vehicle Type, 2023
Fig 198: Mexico Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 199: Mexico Market Share by Application, 2023
Fig 200: Turkey Market share by Component, 2023
Fig 201: Turkey Market share by Vehicle Type, 2023
Fig 202: Turkey Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 203: Turkey Market Share by Application, 2023
Fig 204: GCC Countries Market share by Component, 2023
Fig 205: GCC Countries Market share by Vehicle Type, 2023
Fig 206: GCC Countries Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 207: GCC Countries Market Share by Application, 2023
Fig 208: South Africa Market share by Component, 2023
Fig 209: South Africa Market share by Vehicle Type, 2023
Fig 210: South Africa Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 211: South Africa Market Share by Application, 2023
Fig 212: Australia Market share by Component, 2023
Fig 213: Australia Market share by Vehicle Type, 2023
Fig 214: Australia Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 215: Australia Market Share by Application, 2023
Fig 216: New Zealand Market share by Component, 2023
Fig 217: New Zealand Market share by Vehicle Type, 2023
Fig 218: New Zealand Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 219: New Zealand Market Share by Application, 2023
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- FAQs -
What is the projected size of the forged automotive component market in 2024?
The global forged automotive component market is estimated at US$ 51.3 billion in 2024.
What are the forecasted sales of forged automotive components for 2034?
Sales of forged automotive components are forecasted to reach US$ 82.78 billion by the end of 2034.
What is the demand growth projection for forged automotive components?
Demand for forged automotive components is projected to rise at a CAGR of 4.9% from 2024 to 2034.
Who are the leading producers of forged automotive components?
Some of the leading companies are ThyssenKrupp AG, CIE Automotive, and NTN Corporation.
Which forged auto part accounts for higher sales?
Sales of forged automotive gears are projected to reach US$ 16.05 billion by the end of 2034.
At what rate are the sales of forged automotive components projected to rise in South Korea?
Sales of forged automotive components in South Korea are forecasted to increase at a CAGR of 4.9% through 2034.
Forged Automotive Component Market