Contrive Datum Insights has published "Automotive Forging Market Size, Share & Industry Analysis, By Process type (Closed Die Forging, Open Die Forging, Cold Forging, Others), Material (Steel and Alloy Steel, Aluminum, Others), Application (Engine Components, Transmission and Drivetrain Components, Chassis and Suspension Components, Others), Vehicle type (Passenger Cars, Commercial Vehicles, Others), Sales channel (OEM, Aftermarket), and Regional Forecast, 2026-2034". The study sizes the global automotive forging market at USD 58.2 billion in 2025 and projects growth from USD 60.9 billion in 2026 to USD 89.25 billion by 2034, a compound annual growth rate of 4.89% across the forecast period.
Automotive forging covers metal components, primarily engine, transmission, chassis and suspension parts, shaped under compressive force into their near-final form rather than cast or machined from solid stock. The process is used because forged parts carry a refined internal grain structure that gives them higher fatigue strength and durability than cast alternatives of the same weight, which matters most in load-bearing and safety-critical applications. Buyers are vehicle manufacturers and their tier-one component suppliers, who specify forged parts for engine crankshafts and connecting rods, transmission gears and shafts, and chassis and suspension components across passenger cars, commercial vehicles and other on- and off-highway vehicles.
Recovery and growth of global light-vehicle production
Recovery and growth of global light-vehicle production is the largest single contributor to the market's growth over the forecast period, and the study rates its impact high. Against a market growing at 4.89% a year, the process type lines exposed to it move fastest: Cold Forging compounds at 8.24%, taking its share of revenue from 18% to 24% and its value from USD 10.48 billion to USD 21.42 billion.
The study also runs a bull case: global light-vehicle production grows faster than assumed and automakers accelerate the substitution of forged aluminum and cold-forged components into new electrified platforms. That path ends 2034 at USD 93.27 billion, above the USD 89.25 billion base case.
The downside is specific. Vehicle production growth stalls in a key manufacturing region and the shift toward casting and additive alternatives in non-safety-critical parts happens faster than assumed, and 2034 revenue lands at USD 85.24 billion. Closed Die Forging is the drag, 62% of the 2025 base compounding at 4.12% while the market runs at 4.89%.
Key Players Compete on Closed Die Forging Volume and Cold Forging Growth
Suppliers here are separated by process type, not by geography. The incumbent position is Closed Die Forging: 62% of 2025 revenue, USD 36.08 billion, and still 58% in 2034. The contested position is Cold Forging at 8.24% growth. Few suppliers hold both, which is why a market of USD 58.2 billion supports as many participants as it does.
Further Report Findings
| Segment | Led 2025 by | Share & value | Fastest-growing |
|---|---|---|---|
| Process type | Closed Die Forging | 62% · USD 36.08 billion | — |
| Material | Steel and Alloy Steel | 72% · USD 41.9 billion | Aluminum 7.5% |
| Application | Engine Components | 34% · USD 19.79 billion | Others 7.01% |
| Vehicle type | Passenger Cars | 58% · USD 33.76 billion | Commercial Vehicles 5.85% |
| Sales channel | OEM | 88% · USD 51.22 billion | Aftermarket 6.69% |
- Based on regional analysis, Asia Pacific led the global automotive forging market in 2025 with 47% of global revenue at USD 27.35 billion, reaching USD 44.63 billion by 2034.
- Asia Pacific takes a rising share of global revenue over the forecast period, from 47% in 2025 to 50% in 2034, with revenue growing from USD 27.35 billion to USD 44.63 billion.
- Middle East and Africa stays the smallest contributor across the period: 5% of revenue in 2025 and 5% in 2034.
- Cold Forging is projected to grow at 8.24% over the forecast period, the fastest of any process type line.
- China is the largest single country market at USD 12.31 billion in 2025, 21.15% of global revenue.
The study covers five axes, by process type, and by material, application, vehicle type and sales channel, reporting revenue and a growth rate for every line in every year from 2020 to 2034, with bear, base and bull scenarios on the headline total at USD 85.24 billion and USD 93.27 billion by 2034. Country-level detail is given for all five regions, together with the competitive landscape and the research methodology. Delivered as a PDF; request a free sample to review it.