Tag Archives: Automotive Forging Industry in South America

South America Automotive Forging Market to Cross $ 1.3 Billion by 2023

According to TechSci Research report, South America Automotive Forging Market By Vehicle Type, By Material Type, By Application, By Country, Competition Forecast & Opportunities, 2013 – 2023”, the automotive forging market across South America is projected to reach $ 1.3 billion by the end of 2023, backed by growing construction and industrial sectors coupled with rising vehicle production. Technological advancements, increasing demand for advanced components and decreasing raw material costs are also anticipated to fuel the region’s automotive forging market during the forecast period. Some of the major players operating in the region are Bharat Forge Limited, Thyssenkrupp AG and CIE Automotive, S.A.

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