The Automotive Forging Market is estimated to be valued at USD 25.0 billion in 2025 and is projected to reach USD 34.1 billion by 2035, registering a compound annual growth rate (CAGR) of 3.2% over the forecast period.
| Metric | Value |
|---|---|
| Automotive Forging Market Estimated Value in (2025 E) | USD 25.0 billion |
| Automotive Forging Market Forecast Value in (2035 F) | USD 34.1 billion |
| Forecast CAGR (2025 to 2035) | 3.2% |
The Automotive Forging market is experiencing steady growth, driven by increasing demand for high-strength, lightweight, and durable components in the automotive industry. The current market scenario reflects a strong focus on enhancing vehicle performance, fuel efficiency, and safety standards across both passenger and commercial vehicles. The market is being shaped by the adoption of advanced manufacturing technologies that allow for precise control over material properties and component geometries.
Rising consumer demand for fuel-efficient and environmentally compliant vehicles is accelerating the need for forged components, particularly in powertrains, chassis, and critical structural parts. Additionally, the integration of electric vehicles into mainstream production is influencing forging requirements, as manufacturers seek components capable of handling high torque and thermal loads.
Investments in modern forging plants and automation are facilitating higher throughput and consistency in quality The market outlook is expected to remain positive as global vehicle production expands and automotive OEMs increasingly rely on forged components to meet performance, safety, and regulatory demands, creating opportunities for innovative forging solutions and materials.
The automotive forging market is segmented by vehicle type, material type, components, and geographic regions. By vehicle type, automotive forging market is divided into Passenger Car, Light Commercial Vehicles, and Heavy Commercial Vehicles. In terms of material type, automotive forging market is classified into Steel, Aluminum, and Others (Copper,). Based on components, automotive forging market is segmented into Engine Components, Steering/chassis components, Transmission components, Drive Components, and Other Components. Regionally, the automotive forging industry is classified into North America, Latin America, Western Europe, Eastern Europe, Balkan & Baltic Countries, Russia & Belarus, Central Asia, East Asia, South Asia & Pacific, and the Middle East & Africa.
The Passenger Car segment is projected to account for 51.60% of the Automotive Forging market revenue share in 2025, making it the leading vehicle type segment. This dominance is being driven by the increasing production of passenger vehicles worldwide, particularly in emerging and developed automotive markets. The demand for lighter, stronger, and more reliable components in passenger cars has facilitated the adoption of advanced forging techniques, allowing manufacturers to optimize performance and fuel efficiency.
Forged components such as crankshafts, connecting rods, and suspension parts provide superior strength and fatigue resistance, which are critical for vehicle longevity and safety. The growth of this segment is further reinforced by government regulations focusing on emission reductions and fuel economy standards, which encourage the use of lightweight yet robust materials in vehicle design.
Additionally, the ability to customize forged components for both conventional and hybrid powertrains has allowed passenger car manufacturers to enhance overall vehicle efficiency The Passenger Car segment is therefore expected to continue its leadership in the market due to consistent demand and ongoing innovation in vehicle engineering.
The Steel segment is expected to hold 58.40% of the total Automotive Forging market revenue share in 2025, emerging as the dominant material type. This leadership is being attributed to steel’s inherent strength, cost-effectiveness, and adaptability to various forging processes, including open-die, closed-die, and impression-die forging. Steel provides superior mechanical properties required for high-stress automotive applications, including engines, transmission parts, and chassis components.
Its widespread availability and proven performance under extreme operational conditions have reinforced its position as the material of choice for automotive manufacturers. The segment has been further driven by advancements in alloy steel formulations, which offer enhanced strength-to-weight ratios and improved fatigue resistance.
The ability to combine steel with modern heat treatment techniques allows for optimization of both durability and performance, meeting stringent safety and regulatory standards As automotive OEMs continue to prioritize vehicle longevity, performance, and cost efficiency, the Steel segment is expected to maintain its leadership, with opportunities arising from innovations in material science and process optimization.
The Engine Components subsegment is anticipated to capture 42.70% of the Automotive Forging market revenue share in 2025, establishing it as the largest component category. This predominance is being driven by the critical role that forged engine parts play in ensuring performance, durability, and reliability under high loads and thermal stress. Components such as crankshafts, connecting rods, and gears require precise material properties and dimensional accuracy that can be achieved through forging processes.
The growth of this subsegment has been supported by increasing vehicle production and rising consumer expectations for fuel efficiency and engine performance. The adoption of forged components allows manufacturers to reduce component weight while maintaining structural integrity, which is essential for meeting fuel economy and emission regulations.
Additionally, the expanding hybrid and electric vehicle markets are driving demand for high-strength, lightweight engine and powertrain components that can sustain high torque and repetitive stress Consequently, Engine Components are expected to maintain a dominant position within the Automotive Forging market due to their indispensable role in vehicle functionality and ongoing technological enhancements in forging processes.
Forging is a manufacturing process involving the shaping of metal using compressive force. Automotive forging involves the manufacturing of automotive components, including engine parts (such as connecting rods, injection, crankshaft, camshaft, piston, etc.), chassis, bearings, gears, axles and others. The automotive forging process can be carried out on materials either in hot or cold state, depending upon the mechanical properties required.
Automotive forged products offer superior toughness, strength and high strength-to-weight ratios. Some of the most common materials utilized in the automotive forging market are aluminum and steel. Steel is commonly used in the automotive forging industry owing to its strength, availability and high resilience. Aluminum is gaining traction in the automotive forging industry owing to increasing demand for light weight vehicles.
Aluminum provides high strength, desirable anti-corrosion, surface finish, lower cost and design flexibility to automotive forging.
The global automotive forging market is expected to witness robust growth in the years to come. The growth in the market is mainly being driven by increasing vehicle demand owing to growing population and rising disposable income across the globe.
Despite unstable economic conditions in the market in the recent past, automotive production across the globe has witnessed steady growth owing to increasing demand for passenger cars and commercial vehicles, which in turn, is driving automotive forging market.
Furthermore, increasing investments for infrastructural development, growing construction activity and recovery and stabilization of mining sector are some other factors expected to drive the demand for commercial and off-road vehicles, which in turn, is expected to augment the growth of automotive forging market during the forecast period.
However, with the introduction of electric vehicles in the market, the automotive forging market is expected to be adversely impacted as electronic vehicles require limited forged components.
Although electronic vehicles have not become commercialized in the market yet, they are expected to have a significant impact on the automotive forging market during the forecast period.
Furthermore, one of the most significant trends being witnessed in the global automotive forging market is automation. Manufacturers in the global automotive forging market are focusing on plant automation and installing new pre-forming units and adopting technological advancements with an aim to boost the productivity of forged components.
Asia Pacific is estimated to be the most prominent region in the global automotive forging market and will be followed by North America. Development in infrastructure, industrialization and rapid economic growth in countries, such as India, China and Indonesia, will propel the growth of the automotive forging market in Asia Pacific.
Furthermore, India and China are the hubs for automotive forging manufacturers. Further, favorable government initiatives are driving the manufacturing sector in the region, which will propel the growth of the automotive forging market in near future. Europe and North America are expected to witness moderate growth in the automotive forging market.
Positive economic outlook and favorable political scenario in Latin America are the two factors expected to drive investments in the automotive industry, which in turn, will induce the growth of the automotive forging market.
Further, Middle East & Africa backed by growing construction industry is set to drive the growth of heavy vehicles in the region, which in turn, will drive the automotive forging market during the forecast period.
Examples of some of the prominent market participants operating in the global automotive forging market are:
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
| Country | CAGR |
|---|---|
| China | 4.3% |
| India | 3.9% |
| Germany | 3.6% |
| France | 3.3% |
| UK | 3.0% |
| USA | 2.7% |
| Brazil | 2.4% |
The Automotive Forging Market is expected to register a CAGR of 3.2% during the forecast period, exhibiting varied country level momentum. China leads with the highest CAGR of 4.3%, followed by India at 3.9%. Developed markets such as Germany, France, and the UK continue to expand steadily, while the USA is likely to grow at consistent rates. Brazil posts the lowest CAGR at 2.4%, yet still underscores a broadly positive trajectory for the global Automotive Forging Market. In 2024, Germany held a dominant revenue in the Western Europe market and is expected to grow with a CAGR of 3.6%. The USA Automotive Forging Market is estimated to be valued at USD 9.3 billion in 2025 and is anticipated to reach a valuation of USD 12.1 billion by 2035. Sales are projected to rise at a CAGR of 2.7% over the forecast period between 2025 and 2035. While Japan and South Korea markets are estimated to be valued at USD 1.3 billion and USD 654.5 million respectively in 2025.
| Item | Value |
|---|---|
| Quantitative Units | USD 25.0 Billion |
| Vehicle Type | Passenger Car, Light Commercial Vehicles, and Heavy Commercial Vehicles |
| Material Type | Steel, Aluminum, and Others (Copper,) |
| Components | Engine Components, Steering/chassis components, Transmission components, Drive Components, and Other Components |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, Middle East & Africa |
| Country Covered | United States, Canada, Germany, France, United Kingdom, China, Japan, India, Brazil, South Africa |
| Key Companies Profiled | Bharat Forge Limited, Farinia Group, India Forge, CFS Machinery Co.,LTD, CIE Automotive, thyssenkrupp AG, Trenton Forging, JVR Forging, Nanjing Automobile Forging Co., Ltd., LISI Group, and Aichi Steel Corporation |
The global automotive forging market is estimated to be valued at USD 25.0 billion in 2025.
The market size for the automotive forging market is projected to reach USD 34.1 billion by 2035.
The automotive forging market is expected to grow at a 3.2% CAGR between 2025 and 2035.
The key product types in automotive forging market are passenger car, light commercial vehicles and heavy commercial vehicles.
In terms of material type, steel segment to command 58.4% share in the automotive forging market in 2025.
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Automotive Forging Market
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