Forged and Casting Component Market by Material Type (Aluminum Alloy 2xxx Series, Aluminum Alloy 3xxx Series, Aluminum Alloy 5xxx Series, Aluminum Alloy 6xxx Series, Aluminum Alloy 7xxx Series), Manufacturing Process, Component Type, Sales Channel, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2028

Forged and Casting Component Market Size

The Forged and Casting Component market size was valued at $9,081.30 million in 2022 and is projected to reach $12,882.00 million by 2028, growing at a CAGR of 6.0% during the forecast period.

Forged and Casting Component Market Overview

Forged and casting components are two distinct methods of manufacturing metal parts, each with its own process and characteristics. Forged components are produced by heating metal to a high temperature and shaping it using compressive forces, typically through hammering or pressing. This process results in parts with superior strength, durability, and resistance to fatigue, making forged components ideal for applications requiring high mechanical properties. On the other hand, casting components are created by pouring molten metal into a mold, allowing it to cool and solidify into the desired shape. Casting offers greater design flexibility and the ability to produce complex geometries, making it suitable for a wide range of applications. However, cast components may have lower mechanical properties compared to forged parts. Both forging and casting processes have their advantages and limitations, and the choice between them depends on factors such as material properties, part complexity, production volume, and application requirements.

Forged and Casting Component Market Dynamics

The market dynamics analyzed in this market research report encapsulate a multifaceted interplay of drivers and constraints that significantly shape the landscape of the Forged and Casting Component Market. The comprehensive analysis of both drivers and constraints enables a nuanced understanding of the market's dynamics, empowering businesses and stakeholders to make informed decisions in navigating the complexities of the market.

Forged and Casting Component Market Scope

The report “Global Forged and Casting Component Market: Industry Analysis, Opportunities and Forecast up to 2028” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2020, 2021 and offers revenue estimations for 2022, and project forecasts spanning from 2023 to 2028. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Global Forged and Casting Component Market by, Material Type

·        Aluminum Alloy 2xxx Series

·        Aluminum Alloy 3xxx Series

·        Aluminum Alloy 5xxx Series

·        Aluminum Alloy 6xxx Series

·        Aluminum Alloy 7xxx Series

Global Forged and Casting Component Market by, Manufacturing Process

·        Forging Process

·        Casting Process

·        Rheocasting Process

·        Other Manufacturing Processess

Global Forged and Casting Component Market by, Component Type

·        Automotive

·        Aerospace

·        Arms & Defense

·        High-Performance Electronics & Automation

·        Food & Beverage

Global Forged and Casting Component Market by, Sales Channel

·        Aftermarket

·        Original Equipment Manufacturer (OEM)

Global Forged and Casting Component Market by, Geography

·        North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis.

·        Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis

·        Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis

·        South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis

·        Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.

Key Players Profiled in this Research Report include:

·        BorgWarner

·        Continental AG

·        Delphi Automotive PLC

·        Denso Corporation

·        Eaton Corporation Plc

·        Hitachi Astemo, Ltd.

·        Magna International

·        Mahle GmbH

·        Robert Bosch GmbH

·        Schaeffler AG

·        Valeo S.A

·        ZF Friedrichshafen AG

What can be explored with this research report?

·        Understand global Forged and Casting Component Market analysis, trends, and forecast to 2028.

·        Understand analysis of the Forged and Casting Component Market structure by identifying various segments and sub-segments of the market.

·        Understand revenue forecast and strategic analysis concerning industry trends and contribution to the overall Forged and Casting Component Market.

·        Understand the revenue forecast of the Forged and Casting Component Market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

·        Identification of major market trends, factors driving, restraining, threatening, and providing opportunities for the Forged and Casting Component Market growth.

·        Analyzing opportunities by identification of high-growth segments/revenue pockets in the Forged and Casting Component Market.

·        Understand major player profiles in the Forged and Casting Component Market and analyze their business strategies.

·        Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the Forged and Casting Component Market.

Table Of Content

1 Market Introduction 
 1.1 Market Definition 
 1.2 Research Scope and Segmentation 
 1.3 Stakeholders 
 1.4 List of Abbreviations 
 
2 Executive Summary 
 
3 Research Methodology 
 3.1 Identification of Data 
 3.2 Evaluation of Market Dynamics 
 3.3 Collaboration of Data 
 3.4 Verification and Analysis 
 3.5 Research Approach 
 3.6 Data Sources and Assumptions 
 
4 Market Dynamics 
 4.1 Market Drivers 
 4.2 Market Restraints 
 4.3 Market Opportunities 
 4.4 Market Challenges 
 4.5 Impact of COVID-19 on the Forged and Casting Component Market 
 
5 Porter's Five Force Analysis 
 5.1 Bargaining Power of Suppliers 
 5.2 Bargaining Power of Buyers 
 5.3 Threat of New Entrants 
 5.4 Threat of Substitutes 
 5.5 Competitive Rivalry in the Market 
 
6 Global Forged and Casting Component Market by, Material Type 
 6.1 Overview 
 6.2 Aluminum Alloy 2xxx Series 
 6.3 Aluminum Alloy 3xxx Series 
 6.4 Aluminum Alloy 5xxx Series 
 6.5 Aluminum Alloy 6xxx Series 
 6.6 Aluminum Alloy 7xxx Series 
 
7 Global Forged and Casting Component Market by, Manufacturing Process 
 7.1 Overview 
 7.2 Forging Process 
 7.3 Casting Process 
 7.4 Rheocasting Process 
 7.5 Other Manufacturing Processes 
 
8 Global Forged and Casting Component Market by, Component Type 
 8.1 Overview 
 8.2 Automotive 
 8.3 Aerospace 
 8.4 Arms & Defense 
 8.5 High-Performance Electronics & Automation 
 8.6 Food & Beverage 
 
9 Global Forged and Casting Component Market by, Sales Channel 
 9.1 Overview 
 9.2 Aftermarket 
 9.3 Original Equipment Manufacturer (OEM) 
 
10 Global Forged and Casting Component Market by, Geography 
 10.1 Overview 
 10.2 North America 
 10.2.1 US 
 10.2.2 Canada 
 10.2.3 Mexico 
 10.3 Europe 
 10.3.1 Germany 
 10.3.2 France 
 10.3.3 UK 
 10.3.4 Italy 
 10.3.5 Spain 
 10.3.6 Rest of Europe 
 10.4 Asia Pacific 
 10.4.1 China 
 10.4.2 Japan 
 10.4.3 India 
 10.4.4 South Korea 
 10.4.5 Australia 
 10.4.6 New Zealand 
 10.4.7 Rest of Asia Pacific 
 10.5 South America 
 10.5.1 Brazil 
 10.5.2 Argentina 
 10.5.3 Chile 
 10.5.4 Rest of South America 
 10.6 Middle East & Africa 
 10.6.1 UAE 
 10.6.2 Saudi Arabia 
 10.6.3 Qatar 
 10.6.4 Iran 
 10.6.5 South Africa 
 10.6.6 Rest of Middle East & Africa 
 
11 Key Developments 
 
12 Company Profiling 
 12.1 BorgWarner 
 12.1.1 Business Overview 
 12.1.2 Product/Service Offering 
 12.1.3 Financial Overview 
 12.1.4 SWOT Analysis 
 12.1.5 Key Activities 
 12.2 Continental AG 
 12.3 Delphi Automotive PLC 
 12.4 Denso Corporation 
 12.5 Eaton Corporation Plc 
 12.6 Hitachi Astemo, Ltd. 
 12.7 Magna International 
 12.8 Mahle GmbH 
 12.9 Robert Bosch GmbH 
 12.10 Schaeffler AG 
 12.11 Valeo S.A 
 12.12 ZF Friedrichshafen AG