Global Automotive Forging Market By Vehicle Type (Passenger Car, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles & Others), By Material Type, By Application, By Region, Competition Forecast & Opportunities, 2013 – 2023
According to “Global Automotive Forging Market By Vehicle Type, By Material Type, By Application, By Region, Competition Forecast & Opportunities, 2013 – 2023” automotive forging market is forecast to cross $53 billion by 2023. Growth in the market is expected to be driven by increasing sales of vehicles, owing to rising disposable income across the globe, coupled with growing production of commercial vehicles aimed at aiding expanding construction and logistics sectors. Moreover, increasing focus of automotive forging companies towards automating their plants and installing new pre-forming units, decreasing raw material costs, and adopting new technological advancements aimed at boosting the productivity of forged components are some of the other factors that would positively influence the automotive forging market, globally, during the forecast period. Some of the leading companies operating in the global automotive forging market are Bharat Forge Limited, Thyssenkrupp AG, CIE Automotive, S.A., NTN Corporation, American Axle & Manufacturing, Inc., Meritor Inc., Dana Inc., Ramkrishna Forgings, India Forge & Drop Stampings Ltd., and Nanjing Automobile Forging Co. Ltd., among others. “Global Automotive Forging Market By Vehicle Type, By Material Type, By Application, By Region, Competition Forecast & Opportunities, 2013 – 2023” discusses the following aspects of automotive forging market globally:
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