According to the Regional Research Report, the global automotive forgings market size is estimated to value at USD 34.9 Billion in 2021 and further grow at a CAGR of 5.12% from 2022 to 2030.

Forging offers good mechanical properties for automotive parts and ensures a more stable working station. Forging is a manufacturing process involving the shaping of metal using localized compressive forces.  Since the Industrial Revolution, forged parts are widely used in mechanisms and machines wherever a component requires high strength; such forgings usually require further processing (such as machining) to achieve a finished part.

This market research study elaborates the market size, share, growth, market characteristics, competitor pricing, company share, market trends, and opportunities in the Automotive Forgings industry, and breaks down according to the type, application, and consumption area of Automotive Forgings. The report also conducted a Porter’s five forces analysis, PESTEL analysis, SWOT analysis, regulatory landscape, and prominent buyers of the industry to study the main influencing factors and entry barriers of the industry.

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In Chapter 3.4 of the report, the impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Automotive Forgings in a special period. This chapter also compares the markets of Pre COVID-19 and Post COVID-19.

Additionally, the chapters 8-12 are specifically include the COVID-19 impact on each regional economy mentioned in the research study.

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