Global Electric Vehicle Forgings Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global Electric Vehicle Forgings market size was valued at US$ 9741 million in 2024 and is forecast to a readjusted size of USD 27260 million by 2031 with a CAGR of 16.0% during review period.
Electric Vehicle Forgings refer to specially designed metal components that are manufactured through the process of forging for use in electric vehicles (EVs). Forging is a manufacturing process that involves heating metal to a high temperature and then applying pressure or impact to shape it into a specific form.
Growing Demand for Electric Vehicles: The global demand for electric vehicles continued to rise, driven by environmental concerns, government incentives, and improvements in EV technology. As the EV market expands, the demand for forgings used in electric vehicle components is expected to increase.
Lightweighting and Material Innovations: EV manufacturers focus on lightweighting to improve energy efficiency and range. This trend leads to the increased use of advanced materials and forging techniques to reduce the weight of components while maintaining strength and durability.
Complex Component Design: EVs require specialized components like motor rotors, battery housings, and transmission components. These components often have intricate and unique designs that demand precision forging techniques.
Supply Chain and Localization: There"s a trend toward localization of supply chains to reduce production costs and enhance resilience. EV manufacturers are seeking local forging suppliers to meet their needs.
Investment in Advanced Manufacturing Technologies: To meet the demand for precision components, the forging industry is investing in advanced manufacturing technologies such as automation, robotics, and digitalization to improve efficiency and reduce lead times.
This report is a detailed and comprehensive analysis for global Electric Vehicle Forgings market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Electric Vehicle Forgings market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
Global Electric Vehicle Forgings market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
Global Electric Vehicle Forgings market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
Global Electric Vehicle Forgings market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Ton), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Electric Vehicle Forgings
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Electric Vehicle Forgings market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Aichi Steel, Thyssenkrupp, AAM, Bharat Forge, WanXiang, MM Forgings, FAW, Farinia Group, Longcheng Forging, Ramkrishna Forgings, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Electric Vehicle Forgings market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Closed Die Forgings
Open Die Forgings
Rolled Rings Forgings
Market segment by Application
Electric Motor
Transmission System
Chassis Components
Suspension Parts
Others
Major players covered
Aichi Steel
Thyssenkrupp
AAM
Bharat Forge
WanXiang
MM Forgings
FAW
Farinia Group
Longcheng Forging
Ramkrishna Forgings
Dongfeng Forging
Jiangsu Pacific Precision Forging
Ashok Leyland
CITIC Heavy Industries
Anchor
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Electric Vehicle Forgings product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Electric Vehicle Forgings, with price, sales quantity, revenue, and global market share of Electric Vehicle Forgings from 2020 to 2025.
Chapter 3, the Electric Vehicle Forgings competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Electric Vehicle Forgings breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Electric Vehicle Forgings market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Electric Vehicle Forgings.
Chapter 14 and 15, to describe Electric Vehicle Forgings sales channel, distributors, customers, research findings and conclusion.
Electric Vehicle Forgings refer to specially designed metal components that are manufactured through the process of forging for use in electric vehicles (EVs). Forging is a manufacturing process that involves heating metal to a high temperature and then applying pressure or impact to shape it into a specific form.
Growing Demand for Electric Vehicles: The global demand for electric vehicles continued to rise, driven by environmental concerns, government incentives, and improvements in EV technology. As the EV market expands, the demand for forgings used in electric vehicle components is expected to increase.
Lightweighting and Material Innovations: EV manufacturers focus on lightweighting to improve energy efficiency and range. This trend leads to the increased use of advanced materials and forging techniques to reduce the weight of components while maintaining strength and durability.
Complex Component Design: EVs require specialized components like motor rotors, battery housings, and transmission components. These components often have intricate and unique designs that demand precision forging techniques.
Supply Chain and Localization: There"s a trend toward localization of supply chains to reduce production costs and enhance resilience. EV manufacturers are seeking local forging suppliers to meet their needs.
Investment in Advanced Manufacturing Technologies: To meet the demand for precision components, the forging industry is investing in advanced manufacturing technologies such as automation, robotics, and digitalization to improve efficiency and reduce lead times.
This report is a detailed and comprehensive analysis for global Electric Vehicle Forgings market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Electric Vehicle Forgings market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
Global Electric Vehicle Forgings market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
Global Electric Vehicle Forgings market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
Global Electric Vehicle Forgings market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Ton), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Electric Vehicle Forgings
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Electric Vehicle Forgings market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Aichi Steel, Thyssenkrupp, AAM, Bharat Forge, WanXiang, MM Forgings, FAW, Farinia Group, Longcheng Forging, Ramkrishna Forgings, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Electric Vehicle Forgings market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Closed Die Forgings
Open Die Forgings
Rolled Rings Forgings
Market segment by Application
Electric Motor
Transmission System
Chassis Components
Suspension Parts
Others
Major players covered
Aichi Steel
Thyssenkrupp
AAM
Bharat Forge
WanXiang
MM Forgings
FAW
Farinia Group
Longcheng Forging
Ramkrishna Forgings
Dongfeng Forging
Jiangsu Pacific Precision Forging
Ashok Leyland
CITIC Heavy Industries
Anchor
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Electric Vehicle Forgings product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Electric Vehicle Forgings, with price, sales quantity, revenue, and global market share of Electric Vehicle Forgings from 2020 to 2025.
Chapter 3, the Electric Vehicle Forgings competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Electric Vehicle Forgings breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Electric Vehicle Forgings market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Electric Vehicle Forgings.
Chapter 14 and 15, to describe Electric Vehicle Forgings sales channel, distributors, customers, research findings and conclusion.
Table of Contents
121 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: Electric Vehicle Forgings by Manufacturer
- 4 Consumption Analysis by Region
- 5 Market Segment by Type
- 6 Market Segment by Application
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Market Dynamics
- 13 Raw Material and Industry Chain
- 14 Shipments by Distribution Channel
- 15 Research Findings and Conclusion
- 16 Appendix
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