Growing construction and industrial sectors coupled with increasing vehicle production and population and technological advancements in automotive forging processes to drive North America automotive forging market through 2023
According to TechSci Research report, “North
America Automotive Forging Market
By Vehicle Type, By Material Type, By Application, By Country, Competition
Forecast & Opportunities, 2013 – 2023”, automotive forging market across the region is forecast to reach $ 4.9
billion by the end of 2023. Technological advancements, growing vehicle fleet
and sales, and rising demand for complex structures from auto manufacturers to
boost the vehicle performance are expected to have a positive impact on the
region’s automotive forging market during forecast period. Additionally, growth
in the market is anticipated to be driven by increasing number of pre-forming
units and declining raw material prices.
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“North
America 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 North America
automotive forging market.
“Growing demand for
automotive forging components and rising investments in forging industry by
major players is expected to drive the North American automotive forging market
in the coming years. This in addition to rising sales of commercial vehicles
and increasing investments by major players in research & development
activities to launch technology advanced products would further aid market growth during the forecast
period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
Browse 29 market data Figures and Tables spread
through 55 Pages and an in-depth TOC on "North
America Automotive Forging Market" https://www.techsciresearch.com/report/north-america-automotive-forging-market/3440.html
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