Automotive Forging Market is expected to grow from USD 33.5

2022-05-05 09:26:13 By : Mr. daniel du

April 25, 2022 06:20 ET | Source: GreyViews GreyViews

Pune India, April 25, 2022 (GLOBE NEWSWIRE) -- Automotive Forging market is anticipated to grow at a steady growth rate over the forecast period, owing to increased automotive production across the globe due to rising demand for luxury vehicle models and heavy-duty vehicles. Forging is the manufacturing process mainly associated with the shaping of metal by applying compressive forces such as hammering, pressing, or rolling. In automotive industry the forging process involves manufacturing of different automotive components such as engine parts (including connecting rods, crankshaft, camshaft, and piston among others), chassis, bearings, gears, and others. According to the required mechanical properties, automotive forging process is carried out on materials either in cold or hot state.

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Key players operating in the global automotive forging market ZF Friedrichshafen AG, Bharat Forge Limited, NTN Corporation, American Axle & Manufacturing, Inc., Meritor Inc., ThyssenKrupp AG, CIE Automotive, S.A., Dana Inc., Nanjin Automobile Forging Co., Ltd., and Ramkrishna Forgings among others. To enhance their market share in the global Automotive Forging market, the key vendors are now focusing on adopting the prominent strategies such as recent developments, product innovation, mergers & acquisitions, joint venture, collaborations, and partnership.

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Global Automotive Forging Market by Material:

Global Automotive Forging Market by Technology:

Global Automotive Forging Market by Components:

Global Automotive Forging Market by Vehicle Type:

Global Automotive Forging Market by Region:

About the report:  This research report gives detailed data about the major factors influencing the growth of the Automotive Forging market at the national and local level forecast of the market size, in terms of value, market share by region, and segment; regional market positions; segment and country opportunities for growth; Key company profiles, SWOT, product portfolio and growth strategies. It studies the market essential sides such as top participants, expansion strategies, business models, and other market features to improve market insight.

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