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:
Automotive Forging Market Size, Share & Forecast
Segmental Analysis - By Vehicle Type (Passenger Car, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles & Others), By Material Type, By Application, By Region
Changing Market Trends & Emerging Opportunities
Why You Should Buy This Report?
To gain an in-depth understanding of automotive forging market globally
To identify the on-going trends and anticipated growth in the next five years
To help industry consultants, automotive forging distributor, distributors and other stakeholders align their market-centric strategies
To obtain research-based business decisions and add weight to presentations and marketing material
To gain competitive knowledge of leading market players
To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer's specific needs
The information contained in this report is based upon both primary and secondary research. Primary research included interaction with automotive forging distributor, distributors and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.