Global Automotive Hot Forged Parts Market Research Report 2024(Status and Outlook)
The global Automotive Hot Forged Parts market size was valued at US$ 8.92 billion in 2024 and is projected to reach US$ 12.45 billion by 2030, at a CAGR of 5.7% during the forecast period 2024-2030.
The United States Automotive Hot Forged Parts market size was valued at US$ 1.78 billion in 2024 and is projected to reach US$ 2.42 billion by 2030, at a CAGR of 5.3% during the forecast period 2024-2030.
Hot forged automotive parts are high-strength components manufactured through the hot forging process, including crankshafts, connecting rods, steering knuckles, and other critical drivetrain components.
Market expansion driven by demand for high-strength components. Global production volume reached 3.8 billion units in 2023. Powertrain components represent 52% of market value. Advanced alloy adoption grew 42%. Process automation increased 35%. Material utilization improved 25%. Quality control systems upgraded in 65% of facilities. Average part strength increased 18%. Energy efficiency in forging improved 28%. European manufacturers lead with 38% market share. R&D investment up 32% for new alloys. Scrap reduction achieved 15%. EVs driving 22% of design changes. Production costs optimized by 12%.
Report Overview
Hot forging is a metalworking process in which metals are plastically deformed above their recrystallization temperature, which allows the material to retain its deformed shape as it cools.
This report provides a deep insight into the global Automotive Hot Forged Parts market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Automotive Hot Forged Parts Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Automotive Hot Forged Parts market in any manner.
Global Automotive Hot Forged Parts Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
ThyssenKrupp (Germany)
ZF Friedrichshafen (Germany)
Aisin Seiki (Japan)
Hyundai Mobis (Korea)
Cummins (USA)
Eaton (USA)
Toyota Industries (Japan)
JTEKT (Japan)
GKN (UK)
Magneti Marelli (Italy)
BorgWarner (USA)
Hitachi (Japan)
TVS Group (India)
JATCO (Japan)
American Axle & Manufacturing (USA)
Guangxi Yuchai Machinery Group (China)
Linamar (Canada)
GAC Component (China)
KYB (Japan)
Martinrea International (Canada)
SeAH Besteel (Korea)
SHOWA (Japan)
FAW Jiefang Automotive (China)
Kalyani Group (India)
Dongfeng Motor Parts and Components Group (China)
Musashi Seimitsu Industry (Japan)
Aichi Steel (Japan)
Tower International (USA)
Wanxiang Qianchao (China)
Anand Automotive (India)
Market Segmentation (by Type)
Carbon Steel Type
Aluminum Type
Titanium Type
Copper Type
others
Market Segmentation (by Application)
Passenger Cars
Commercial Vehicles
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Automotive Hot Forged Parts Market
Overview of the regional outlook of the Automotive Hot Forged Parts Market:
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter
