What is the forged automotive components market size in 2026?

The forged automotive components market is projected to reach US$ 52.8 billion in 2026, driven by steady vehicle production and electrification trends.

What drives demand in forged automotive components market?

Rising electric vehicle adoption, projected to reach 250 million units globally by 2030 according to the International Energy Agency, is a major demand driver for high-strength forged components.

Which is the leading region in forged automotive components market?

Asia Pacific leads the market with a 39.5% share in 2025, supported by strong automotive manufacturing hubs across China, Japan, and India.

What are the key opportunities in forged automotive components market?

Lightweight aluminium forgings for EV applications present a strong opportunity, enabling up to 30% weight reduction in structural and chassis components.

Who are the key players in Forged Automotive Components market?

Key participants include ThyssenKrupp AG, CIE Automotive, NTN Corporation, American Axle and Manufacturing Inc., and Bharat Forge Limited.

Table of Content - Forged Automotive Components Market Size, Share, and Growth Forecast 2026

Executive Summary
1. Global Forged Automotive Components Market Snapshot 2026 and 2033
2. Market Opportunity Assessment, 2026-2033, US$ Bn
3. Key Market Trends
4. Industry Developments and Key Market Events
5. Demand Side and Supply Side Analysis
6. PMR Analysis and Recommendations
Market Overview
1. Market Scope and Definitions
2. Market Dynamics
  1. Driver
  2. Restraint
  3. Opportunities
  4. Trends
3. Macro-Economic Factors
  1. Global GDP Outlook
  2. Global Prison Growth Outlook
  3. Global Crime Rates by Country
  4. Global Prison Population by Country
  5. Global Private Prison Market Growth Outlook
  6. Other Macro-economic Factors
4. Forecast Factors – Relevance and Impact
5. COVID-19 Impact Assessment
Value Added Insights
1. Value Chain analysis
2. Key Market Players
3. Product Adoption Analysis
4. Key Promotional Strategies by key players
5. PESTLE Analysis
6. Porter's Five Forces Analysis
7. Regulatory and Technology Landscape
Price Trend Analysis, 2025
1. Region-wise Price Analysis
2. Price by Segments
3. Price Impact Factors
Global Forged Automotive Components Market Outlook: Historical (2020 – 2025) and Forecast (2026 – 2033)
1. Key Highlights
2. Global Forged Automotive Components Market Outlook: Vehicle Type
  1. Introduction/Key Findings
  2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Vehicle Type, 2020-2025
  3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Vehicle Type, 2026-2033
    1. Heavy Commercial Vehicles
    2. Light Commercial Vehicles
    3. Passenger Vehicles
  4. Market Attractiveness Analysis: Vehicle Type
3. Global Forged Automotive Components Market Outlook: Forging Process
  1. Introduction/Key Findings
  2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Forging Process, 2020-2025
  3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Forging Process, 2026-2033
    1. Impression Die Forging
      1. Hydraulic Presses
      2. Mechanical Presses
      3. Hammers
    2. Cold Forging
    3. Open Die Forging
    4. Seamless Rolled Ring Forging
  4. Market Attractiveness Analysis: Forging Process
4. Global Forged Automotive Components Market Outlook: Material
  1. Introduction/Key Findings
  2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Material, 2020-2025
  3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Material, 2026-2033
    1. Steel
    2. Aluminium
    3. Other
  4. Market Attractiveness Analysis: Material
5. Global Forged Automotive Components Market Outlook: Automotive Component
  1. Introduction/Key Findings
  2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Automotive Component, 2020-2025
  3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Automotive Component, 2026-2033
    1. Connecting rods
    2. Injectors
    3. Gears
    4. Crankshafts
    5. Axles
    6. Bearings
    7. Pistons
    8. Steering Knuckles
    9. CV Joints
    10. Others
  4. Market Attractiveness Analysis: Automotive Component
6. Global Forged Automotive Components Market Outlook: Application
  1. Introduction/Key Findings
  2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Application, 2020-2025
  3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2026-2033
    1. Power Train Components
    2. Chassis Components
    3. Transmission Parts
    4. Other Parts
  4. Market Attractiveness Analysis: Application
Global Forged Automotive Components Market Outlook: Region
1. Key Highlights
2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Region, 2020-2025
3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Region, 2026-2033
  1. North America
  2. Europe
  3. East Asia
  4. South Asia & Oceania
  5. Latin America
  6. Middle East & Africa
4. Market Attractiveness Analysis: Region
North America Forged Automotive Components Market Outlook: Historical (2020 – 2025) and Forecast (2026 – 2033)
1. Key Highlights
2. Pricing Analysis
3. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2026-2033
  1. U.S.
  2. Canada
4. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Vehicle Type, 2026-2033
  1. Heavy Commercial Vehicles
  2. Light Commercial Vehicles
  3. Passenger Vehicles
5. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Forging Process, 2026-2033
  1. Impression Die Forging
    1. Hydraulic Presses
    2. Mechanical Presses
    3. Hammers
  2. Cold Forging
  3. Open Die Forging
  4. Seamless Rolled Ring Forging
6. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Material, 2026-2033
  1. Steel
  2. Aluminium
  3. Other
7. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Automotive Component, 2026-2033
  1. Connecting rods
  2. Injectors
  3. Gears
  4. Crankshafts
  5. Axles
  6. Bearings
  7. Pistons
  8. Steering Knuckles
  9. CV Joints
  10. Others
8. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2026-2033
  1. Power Train Components
  2. Chassis Components
  3. Transmission Parts
  4. Other Parts
Europe Forged Automotive Components Market Outlook: Historical (2020 – 2025) and Forecast (2026 – 2033)
1. Key Highlights
2. Pricing Analysis
3. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2026-2033
  1. Germany
  2. Italy
  3. France
  4. U.K.
  5. Spain
  6. Russia
  7. Rest of Europe
4. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Vehicle Type, 2026-2033
  1. Heavy Commercial Vehicles
  2. Light Commercial Vehicles
  3. Passenger Vehicles
5. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Forging Process, 2026-2033
  1. Impression Die Forging
    1. Hydraulic Presses
    2. Mechanical Presses
    3. Hammers
  2. Cold Forging
  3. Open Die Forging
  4. Seamless Rolled Ring Forging
6. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Material, 2026-2033
  1. Steel
  2. Aluminium
  3. Other
7. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Automotive Component, 2026-2033
  1. Connecting rods
  2. Injectors
  3. Gears
  4. Crankshafts
  5. Axles
  6. Bearings
  7. Pistons
  8. Steering Knuckles
  9. CV Joints
  10. Others
8. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2026-2033
  1. Power Train Components
  2. Chassis Components
  3. Transmission Parts
  4. Other Parts
East Asia Forged Automotive Components Market Outlook: Historical (2020 – 2025) and Forecast (2026 – 2033)
1. Key Highlights
2. Pricing Analysis
3. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2026-2033
  1. China
  2. Japan
  3. South Korea
4. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Vehicle Type, 2026-2033
  1. Heavy Commercial Vehicles
  2. Light Commercial Vehicles
  3. Passenger Vehicles
5. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Forging Process, 2026-2033
  1. Impression Die Forging
    1. Hydraulic Presses
    2. Mechanical Presses
    3. Hammers
  2. Cold Forging
  3. Open Die Forging
  4. Seamless Rolled Ring Forging
6. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Material, 2026-2033
  1. Steel
  2. Aluminium
  3. Other
7. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Automotive Component, 2026-2033
  1. Connecting rods
  2. Injectors
  3. Gears
  4. Crankshafts
  5. Axles
  6. Bearings
  7. Pistons
  8. Steering Knuckles
  9. CV Joints
  10. Others
8. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2026-2033
  1. Power Train Components
  2. Chassis Components
  3. Transmission Parts
  4. Other Parts
South Asia & Oceania Forged Automotive Components Market Outlook: Historical (2020 – 2025) and Forecast (2026 – 2033)
1. Key Highlights
2. Pricing Analysis
3. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2026-2033
  1. India
  2. Southeast Asia
  3. ANZ
  4. Rest of SAO
4. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Vehicle Type, 2026-2033
  1. Heavy Commercial Vehicles
  2. Light Commercial Vehicles
  3. Passenger Vehicles
5. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Forging Process, 2026-2033
  1. Impression Die Forging
    1. Hydraulic Presses
    2. Mechanical Presses
    3. Hammers
  2. Cold Forging
  3. Open Die Forging
  4. Seamless Rolled Ring Forging
6. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Material, 2026-2033
  1. Steel
  2. Aluminium
  3. Other
7. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Automotive Component, 2026-2033
  1. Connecting rods
  2. Injectors
  3. Gears
  4. Crankshafts
  5. Axles
  6. Bearings
  7. Pistons
  8. Steering Knuckles
  9. CV Joints
  10. Others
8. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2026-2033
  1. Power Train Components
  2. Chassis Components
  3. Transmission Parts
  4. Other Parts
Latin America Forged Automotive Components Market Outlook: Historical (2020 – 2025) and Forecast (2026 – 2033)
1. Key Highlights
2. Pricing Analysis
3. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2026-2033
  1. Brazil
  2. Mexico
  3. Rest of LATAM
4. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Vehicle Type, 2026-2033
  1. Heavy Commercial Vehicles
  2. Light Commercial Vehicles
  3. Passenger Vehicles
5. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Forging Process, 2026-2033
  1. Impression Die Forging
    1. Hydraulic Presses
    2. Mechanical Presses
    3. Hammers
  2. Cold Forging
  3. Open Die Forging
  4. Seamless Rolled Ring Forging
6. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Material, 2026-2033
  1. Steel
  2. Aluminium
  3. Other
7. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Automotive Component, 2026-2033
  1. Connecting rods
  2. Injectors
  3. Gears
  4. Crankshafts
  5. Axles
  6. Bearings
  7. Pistons
  8. Steering Knuckles
  9. CV Joints
  10. Others
8. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2026-2033
  1. Power Train Components
  2. Chassis Components
  3. Transmission Parts
  4. Other Parts
Middle East & Africa Forged Automotive Components Market Outlook: Historical (2020 – 2025) and Forecast (2026 – 2033)
1. Key Highlights
2. Pricing Analysis
3. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2026-2033
  1. GCC Countries
  2. South Africa
  3. Northern Africa
  4. Rest of MEA
4. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Vehicle Type, 2026-2033
  1. Heavy Commercial Vehicles
  2. Light Commercial Vehicles
  3. Passenger Vehicles
5. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Forging Process, 2026-2033
  1. Impression Die Forging
    1. Hydraulic Presses
    2. Mechanical Presses
    3. Hammers
  2. Cold Forging
  3. Open Die Forging
  4. Seamless Rolled Ring Forging
6. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Material, 2026-2033
  1. Steel
  2. Aluminium
  3. Other
7. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Automotive Component, 2026-2033
  1. Connecting rods
  2. Injectors
  3. Gears
  4. Crankshafts
  5. Axles
  6. Bearings
  7. Pistons
  8. Steering Knuckles
  9. CV Joints
  10. Others
8. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Application, 2026-2033
  1. Power Train Components
  2. Chassis Components
  3. Transmission Parts
  4. Other Parts
Competition Landscape
1. Market Share Analysis, 2025
2. Market Structure
  1. Competition Intensity Mapping
  2. Competition Dashboard
3. Company Profiles
  1. ThyssenKrupp AG
    1. Company Overview
    2. Product Portfolio/Offerings
    3. Key Financials
    4. SWOT Analysis
    5. Company Strategy and Key Developments
  2. CIE Automotive
  3. NTN Corporation
  4. American Axle and Manufacturing Inc.
  5. Bharat Forge Limited
  6. Ramkrishna Forgings
  7. Dana Limited
  8. Meritor Inc.
  9. ZF Friedrichshafen AG
  10. Kalyani Group
  11. Om Forge
  12. Super Auto Forge Private Limited
  13. GAZ Group
  14. TBK Co., Ltd.
  15. EL FORGE LIMITED
Appendix
1. Research Methodology
2. Research Assumptions
3. Acronyms and Abbreviations

Forged Automotive Components Market Size, Share, and Growth Forecast 2026 - 2033

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