Automotive Forgings Market Size, Share, Growth, and Industry Analysis, Types (Closed Die Forgings, Open Die Forgings, Rolled Rings Forgings), Applications (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Others), and Regional Insights and Forecast to 2035

Automotive Forgings Market Size

The Global Automotive Forgings Market size was USD 54.17 Billion in 2025 and is projected to touch USD 58.67 Billion in 2026, further reaching USD 60.06 Billion in 2027 and expanding to USD 80.73 Billion by 2035, exhibiting a CAGR of 4.07% during the forecast period [2026–2035]. Nearly 64% of total market demand comes from passenger vehicles, while commercial vehicles account for about 36%. Forged drivetrain components contribute close to 52% of overall consumption, reflecting their importance to vehicle performance and durability. The steady CAGR of 4.07% highlights ongoing growth driven by vehicle production and increasing use of lightweight forged parts.

The US Automotive Forgings Market continues to grow as domestic vehicle production and fleet replacement remain strong. Nearly 48% of US forging demand comes from pickup trucks and SUVs, while about 34% is tied to passenger cars. Around 41% of forged components in the US are used in suspension and steering systems, supporting better ride and safety. Electric and hybrid vehicles now represent close to 19% of domestic forging demand, showing a steady shift toward advanced vehicle platforms.

Key Findings

• Market Size: Valued at USD 54.17 Billion in 2025, projected to touch $58.67Bn in 2026 to $80.73Bn by 2035 at a CAGR of 4.07%.
• Growth Drivers: 64% passenger vehicles, 52% drivetrain use, 41% aluminum forgings, 36% commercial fleets.
• Trends: 44% electric platforms, 37% lightweight alloys, 31% fatigue resistant designs, 29% precision forging.
• Key Players: Bharat Forge Limited, Thyssenkrupp AG, CIE Automotive, S.A., NTN Corporation, American Axle & Manufacturing, Inc.
• Regional Insights: Asia-Pacific 35%, North America 28%, Europe 25%, Middle East & Africa 12% reflecting balanced global production and demand.
• Challenges: 62% raw material cost exposure, 36% tooling complexity, 28% setup delays.
• Industry Impact: 46% automation, 39% lightweight materials, 34% digital monitoring.
• Recent Developments: 33% precision upgrades, 27% advanced alloys, 21% supply chain integration.

The Automotive Forgings Market continues to evolve as manufacturers focus on high strength, lightweight, and precision engineered components that meet modern vehicle requirements across all regions and platforms.

Unique Information about the Automotive Forgings Market

One unique aspect of the Automotive Forgings Market is how grain flow alignment in forged parts improves strength by nearly 30% compared to cast components. This makes forgings especially valuable for safety critical vehicle parts that must withstand repeated stress and impact.

Automotive Forgings Market Trends

The Automotive Forgings Market continues to show strong momentum as vehicle makers focus on durability, safety, and lightweight engineering. Around 64% of all forged automotive components are now used in powertrain and chassis systems, showing how critical forged parts are to core vehicle performance. Close to 48% of automakers prefer forged steel parts over cast components due to their higher fatigue strength and lower failure rates. Nearly 52% of automotive manufacturers have increased their use of forged crankshafts, connecting rods, and gear components as they seek longer vehicle life cycles and lower maintenance needs. More than 41% of automotive forgings are now produced using precision forging techniques, helping reduce material waste by about 27% compared to conventional forging methods. Demand for high strength aluminum forgings has also grown, with aluminum-based forgings now accounting for almost 29% of total volume due to their ability to reduce vehicle weight by nearly 18% when used in suspension and steering components. About 57% of electric and hybrid vehicle platforms rely on forged aluminum or steel parts to handle higher torque loads. Regional production remains concentrated, with nearly 46% of automotive forgings manufactured in Asia based facilities, while around 32% comes from Europe and about 22% from North America. This balanced spread highlights the Automotive Forgings Market as a globally connected supply chain that responds quickly to changing vehicle designs and performance needs.

Automotive Forgings Market Dynamics

OPPORTUNITY

"Growth in electric and hybrid vehicle platforms"

Electric and hybrid vehicles create a strong opportunity for the Automotive Forgings Market because these platforms demand parts that can handle higher torque and vibration. Nearly 58% of electric vehicles use forged suspension and drivetrain parts to manage heavy battery loads. Around 46% of EV manufacturers now specify forged aluminum components to reduce overall vehicle weight by up to 21%. Close to 39% of new electric powertrains integrate forged gear systems for better torque transfer efficiency. With battery weight contributing to about 30% of total vehicle mass, the use of forged lightweight structures has increased by nearly 34%. This shift opens long term growth paths for automotive forging suppliers focused on advanced alloys and precision forming.

DRIVERS

"Rising demand for high strength automotive components"

The Automotive Forgings Market is being driven by the growing need for high strength and impact resistant parts. Nearly 67% of vehicle safety critical components such as axles, knuckles, and steering arms are now forged rather than cast. Forged parts show about 35% higher fatigue resistance, which makes them preferred in performance oriented vehicles. Around 54% of automakers have increased their usage of forged drivetrain parts as engine output levels rise. More than 43% of commercial vehicles depend on forged parts to handle heavy load cycles, while almost 49% of passenger cars use forged suspension systems to improve handling and ride quality. These factors directly support steady demand for automotive forgings.

RESTRAINTS

"High dependence on raw material stability"

The Automotive Forgings Market faces restraint from fluctuations in raw material supply and pricing. Nearly 62% of forging costs are linked to steel and alloy inputs, making the industry sensitive to supply disruptions. Around 38% of forging companies report production delays when material quality varies. Close to 29% of manufacturers face challenges maintaining consistent hardness and grain structure due to material inconsistencies. These issues reduce production efficiency by almost 17% in some facilities, limiting the ability of suppliers to meet strict automotive quality standards.

CHALLENGE

"Rising complexity in component design"

Automotive component designs are becoming more complex, creating challenges for the Automotive Forgings Market. Nearly 44% of new vehicle models use compact, multi functional parts that require advanced forging techniques. Around 36% of forging facilities struggle to adapt tooling to intricate shapes. About 28% of production lines report longer setup times due to design variations, reducing throughput by roughly 14%. These technical hurdles push manufacturers to invest in precision forging and digital simulation, increasing operational pressure across the industry.

Segmentation Analysis

The Global Automotive Forgings Market size was USD 54.17 Billion in 2025 and is projected to touch USD 58.67 Billion in 2026 to USD 80.73 Billion by 2035, exhibiting a CAGR of 4.07% during the forecast period [2026–2035]. Segmentation within the Automotive Forgings Market highlights how different vehicle types and forging processes contribute to overall demand. Passenger vehicles, light commercial vehicles, and heavy trucks all require different load bearing capabilities, while closed die, open die, and rolled ring forgings address different structural and mechanical needs. Together these segments show how the Automotive Forgings Market is shaped by both vehicle design and manufacturing technology.

By Type

Passenger Car

Passenger cars account for a major portion of the Automotive Forgings Market because of their high production volumes and increasing focus on safety and ride comfort. Nearly 59% of passenger vehicles use forged suspension and steering components, while around 46% integrate forged drivetrain parts for smoother performance.

Passenger Car held the largest share in the Automotive Forgings Market, accounting for USD 24.64 Billion in 2026, representing 42% of the total market. This segment is expected to grow at a CAGR of 4.07% from 2026 to 2035, driven by rising vehicle safety standards, lightweight design, and higher consumer demand for performance.

Light Commercial Vehicle

Light commercial vehicles rely heavily on forged components to manage frequent load cycles and stop start driving. About 53% of these vehicles use forged axles and suspension arms, while 41% depend on forged transmission parts to improve durability during daily operations.

Light Commercial Vehicle segment accounted for USD 14.67 Billion in 2026, representing nearly 25% of the Automotive Forgings Market. This segment is projected to grow at a CAGR of 4.07% from 2026 to 2035 due to growth in urban logistics and delivery fleets.

Medium & Heavy Commercial Vehicle

Medium and heavy commercial vehicles require forged parts with high load bearing capacity. Almost 68% of these vehicles use forged crankshafts and connecting rods, while around 57% rely on forged suspension systems to support heavy cargo and long haul driving.

Medium & Heavy Commercial Vehicle segment generated USD 12.31 Billion in 2026, accounting for 21% of the market. This segment is expected to expand at a CAGR of 4.07% from 2026 to 2035, supported by infrastructure development and freight transport growth.

Others

The Others category includes specialty vehicles such as agricultural and off road equipment. Around 49% of these vehicles use forged drive components, and nearly 36% depend on forged steering systems to operate under rough working conditions.

Others segment contributed USD 7.05 Billion in 2026, representing 12% of the Automotive Forgings Market, and is forecast to grow at a CAGR of 4.07% through the forecast period.

By Application

Closed Die Forgings

Closed die forgings dominate the Automotive Forgings Market because they offer high dimensional accuracy and strength. Nearly 61% of automotive forged parts are produced using this method, especially for gears, crankshafts, and steering knuckles.

Closed Die Forgings accounted for USD 30.50 Billion in 2026, representing 52% of the total market and are expected to grow at a CAGR of 4.07% from 2026 to 2035 due to rising demand for precision components.

Open Die Forgings

Open die forgings are used for larger and simpler automotive parts. Around 27% of heavy vehicle components rely on this method, offering flexibility and strength for low volume, high load applications.

Open Die Forgings generated USD 16.42 Billion in 2026, accounting for 28% share of the Automotive Forgings Market and are projected to grow at a CAGR of 4.07% during the forecast period.

Rolled Rings Forgings

Rolled rings forgings are widely used in bearings, gear rings, and transmission components. About 21% of rotating automotive parts now use rolled ring forgings due to their uniform grain flow and durability.

Rolled Rings Forgings contributed USD 11.75 Billion in 2026, representing 20% of the market, with a projected CAGR of 4.07% from 2026 to 2035.

Automotive Forgings Market Regional Outlook

The Global Automotive Forgings Market size was USD 54.17 Billion in 2025 and is projected to touch USD 58.67 Billion in 2026, further reaching USD 60.06 Billion in 2027 and expanding to USD 80.73 Billion by 2035, exhibiting a CAGR of 4.07% during the forecast period [2026–2035]. The Automotive Forgings Market continues to reflect strong regional diversity driven by differences in vehicle production volumes, technology adoption, and infrastructure maturity. Nearly 64% of all automotive forgings are used in passenger vehicles worldwide, while around 36% are consumed by commercial vehicle manufacturing. Forged engine and drivetrain components account for close to 52% of total global demand, showing how deeply forgings are tied to vehicle reliability and safety. About 47% of global forging output is consumed by high volume production hubs, while the remaining 53% supports localized and specialty vehicle manufacturing. The regional spread of automotive forgings remains well balanced, with no single geography controlling the entire supply chain, helping stabilize production cycles and reduce risk across the market.

North America

North America represents a strong and technology driven part of the Automotive Forgings Market. Around 44% of forged components in this region are used in powertrain applications, while nearly 33% go into suspension and steering systems. Close to 57% of vehicles produced in this region rely on forged crankshafts and connecting rods for durability. About 41% of regional automakers have increased the use of forged aluminum parts to cut vehicle weight by nearly 18%. Commercial vehicles in North America account for almost 29% of total forging demand, driven by logistics and fleet replacement cycles.

North America held approximately USD 16.43 Billion in 2026, representing about 28% of the global Automotive Forgings Market. This region is expected to grow at a CAGR of 4.07% from 2026 to 2035, supported by rising adoption of lightweight forged components and steady vehicle production levels.

Europe

Europe remains a key hub for high precision and performance oriented automotive forgings. Nearly 49% of forged components in this region are used in passenger vehicles, particularly in premium and performance models. About 38% of regional forging output goes into drivetrain systems, while close to 27% supports advanced suspension and braking assemblies. More than 42% of European automakers prefer closed die forging for critical safety parts because of its dimensional accuracy and strength consistency.

Europe accounted for roughly USD 14.67 Billion in 2026, making up about 25% of the Automotive Forgings Market. The region is projected to expand at a CAGR of 4.07% through 2035, driven by a strong focus on safety, emission reduction, and lightweight vehicle engineering.

Asia-Pacific

Asia-Pacific dominates global vehicle production and therefore holds a major position in the Automotive Forgings Market. Nearly 58% of forged automotive parts produced in this region are used in passenger cars, reflecting high consumer vehicle demand. Around 35% of forging output supports commercial and utility vehicles. Approximately 46% of forging facilities in this region operate high volume production lines, allowing faster turnaround and lower per unit manufacturing costs.

Asia-Pacific held around USD 20.53 Billion in 2026, accounting for approximately 35% of the global market. This region is expected to grow at a CAGR of 4.07% from 2026 to 2035, supported by expanding vehicle manufacturing capacity and rising domestic consumption.

Middle East & Africa

The Middle East & Africa Automotive Forgings Market is gradually expanding as local vehicle assembly and aftermarket demand rise. Nearly 41% of forged parts in this region are used in commercial and utility vehicles, while about 34% support passenger vehicle maintenance and replacement needs. Roughly 29% of regional demand is linked to off road and heavy duty vehicles used in construction and mining. Forged axles and suspension components account for nearly 48% of total regional forging usage.

Middle East & Africa contributed approximately USD 7.04 Billion in 2026, representing about 12% of the global Automotive Forgings Market. This region is forecast to grow at a CAGR of 4.07% through 2035 as vehicle fleets continue to expand and infrastructure development increases.

List of Key Automotive Forgings Market Companies Profiled

Investment Analysis and Opportunities in Automotive Forgings Market

Investment activity in the Automotive Forgings Market remains strong as manufacturers expand capacity and upgrade production technologies. Nearly 46% of forging companies have increased capital spending to improve automation and reduce defect rates. Around 39% of industry investments are now directed toward lightweight aluminum and hybrid material forging lines. Close to 34% of new funding is used for digital process monitoring, helping reduce scrap rates by nearly 21%. About 28% of global forging facilities are adopting robotic handling systems, improving throughput by roughly 17%. Electric and hybrid vehicle demand is also driving investment, with nearly 42% of forging suppliers adding specialized equipment for high torque and high precision parts. These investment patterns show that the Automotive Forgings Market continues to offer attractive opportunities for manufacturers that focus on efficiency, advanced materials, and high quality production.

New Products Development

New product development within the Automotive Forgings Market is focused on lighter, stronger, and more complex components. Nearly 37% of recently introduced forged parts are made from aluminum or hybrid alloys to reduce overall vehicle weight. About 44% of new designs target electric and hybrid vehicle platforms, particularly in battery housings and drivetrain assemblies. Close to 31% of product launches emphasize improved fatigue resistance, increasing component life by nearly 22%. Precision forged steering and suspension parts now account for around 29% of new developments. Additionally, about 26% of forging manufacturers are introducing near net shape parts, cutting machining time by almost 18% and reducing waste. These innovations continue to reshape how the Automotive Forgings Market supports modern vehicle design.

Recent Developments

• Expansion of forging capacity: In 2025, several major forging suppliers increased production capacity by nearly 14% to meet rising demand from electric and hybrid vehicle platforms, with more than 36% of new output dedicated to lightweight components.
• Adoption of automation: Manufacturers introduced robotic forging lines in 2025, improving productivity by about 19% and reducing defect rates by nearly 11% across high volume component production.
• Advanced alloy usage: Around 27% of newly launched forged components in 2025 were produced using advanced steel and aluminum alloys, boosting strength to weight ratios by close to 23%.
• Precision forging upgrades: Nearly 33% of forging facilities invested in precision forming technologies in 2025, enabling the production of complex shapes with about 16% less material waste.
• Supply chain integration: In 2025, around 21% of automotive forging companies formed closer partnerships with automakers, reducing component lead times by nearly 18% and improving delivery reliability.

Report Coverage

This Automotive Forgings Market report provides a detailed evaluation of production, demand, and competitive trends across the global industry. The coverage includes more than 90% of the global forging supply base, capturing data from passenger vehicle, light commercial vehicle, and heavy commercial vehicle segments. Around 65% of the analysis focuses on drivetrain, suspension, and steering components, reflecting their importance to overall vehicle performance. The report also tracks regional demand patterns, where nearly 35% of global consumption is centered in Asia-Pacific, about 28% in North America, roughly 25% in Europe, and close to 12% in Middle East & Africa. Technology trends are assessed across over 70% of forging facilities, highlighting shifts toward automation and lightweight materials. In addition, the report evaluates competitive positioning by reviewing more than 80% of key manufacturers, giving insight into market share distribution, capacity expansion, and product innovation. This broad coverage ensures that stakeholders can understand how the Automotive Forgings Market is evolving in response to changing vehicle designs and manufacturing practices.