Automotive Forging Market Size, Share, Growth Analysis, By Vehicle type(Passenger Cars, Light Commercial Vehicles), By Material(Steel and Aluminum), By Application(Gears, Crankshaft), By Technology(Closed Die, Open Die) - Industry Forecast 2024-2031

The competitive landscape in the global automotive forging market is characterized by intense rivalry among established companies and new entrants striving to gain a foothold. These entities focus on leveraging advanced technologies and forging methods to produce high-quality components that meet the industry's evolving demands for lightweight and durable parts.

Additionally, innovation remains a critical driver as companies invest in research and development to create forging solutions that align with sustainability goals and stringent regulatory requirements. Collaborations and partnerships across the automotive value chain are also notable trends as companies seek to optimize supply chain efficiencies and expand their market reach.

As competition intensifies, customer-centric approaches and the ability to adapt swiftly to changing market dynamics are key factors determining success in this highly competitive sector.

Automotive Forging Market Top Player’s Company Profiles

• ThyssenKrupp AG (Germany)

• CIE Automotive (Spain)

• NTN Corporation (Japan)

• American Axle and Manufacturing Inc. (US)

• Bharat Forge Limited (India)

• Ramkrishna Forgings (India)

• Dana Limited (US)

• Meritor Inc. (US)

• ZF Friedrichshafen AG (Germany)

• Jiangsu Pacific Precision Forging (China)

• Siderforgerossi Group S.p.A. (Italy)

• Grupo Euskal Forging, S.L. (Spain)

• Nippon Steel Corporation (Japan)

• Nippon Steel & Sumitomo Metal Corporation (Japan)

• FormTech Industries LLC (US)

• Hirschvogel Automotive Group (Germany)

• Norsk Hydro ASA (Norway)

• Allegheny Technologies Incorporated (US)

• SIFCO Industries, Inc. (US)

• Precision Castparts Corp. (US)

Automotive Forging Market