Europe Automotive Forging Market to Cross $ 15 Billion by 2023
Technological advancements, growing vehicle production
and increasing automation in automotive forging process to drive Europe
automotive forging market through 2023
According to TechSci Research report, “Europe
Automotive Forging Market
By Vehicle Type, By Material Type, By Application, By Country, Competition
Forecast & Opportunities,
2013 – 2023”, automotive forging
market in Europe is projected to reach $ 15.8 billion by the end of 2023. Technological
advancements, increasing vehicle production and sales, and rising demand for
complex structures from auto manufacturers to boost the vehicle performance are
among the key driving factors for the region’s automotive forging market. Bharat
Forge Limited, Thyssenkrupp AG, CIE Automotive, S.A., NTN Corporation and
American Axle & Manufacturing, Inc. are some of the major players operating
in Europe automotive forging market.
Browse 56 market data
Figures and Tables spread through 84
Pages and an in-depth TOC on "Europe
Automotive Forging Market"
https://www.techsciresearch.com/report/europe-automotive-forging-market/3439.html
Accounting for around two-third
of the value market, passenger car dominated the Europe automotive forging
market in 2017, and the trend is anticipated to continue over the coming years
as well, on the back of growing sales of passenger cars across the region.
However, in the coming years, commercial vehicle segment covering light and
medium & heavy vehicles is anticipated to emerge as the fastest growing
segment, owing to increasing number of construction and industrial projects.
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“As major companies are carrying out their
research & development operations and expansion activities, competition in the
European automotive forging market is expected to intensify in the coming
years. Moreover, increasing vehicle production and growing
operations of global automakers would have
a positive impact on the automotive forging market in Europe over the course of
next five years.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Europe Automotive
Forging Market By Vehicle Type, By Material Type, By Application, By
Country, Competition Forecast & Opportunities, 2013 – 2023” has analyzed potential of automotive forging market
across the region, and provides statistics and information on market size,
shares and trends. The report will suffice in providing the intending clients
with cutting-edge market intelligence and help them in taking sound investment
decisions. Besides, the report also identifies and analyzes emerging trends
along with essential drivers and key challenges faced by the Europe automotive
forging market.
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