Autonomous Trucks
Pune, India, May 24, 2021 (GLOBE NEWSWIRE) -- According to the report, the global automotive forging market size is expected to reach USD 56,801.7 million by 2030, exhibiting a CAGR of 5.0% between 2021 and 2030. The shortage of laborers in many countries has caused enormous pressure on OEMs during the pandemic, thus contracting automotive forging business. Wabco Holdings New Commercial Vehicle Control Systems division engages nearby 12,000 people at 45 sites worldwide and will work meticulously with ZF's existing Commercial Vehicle Technology division. The division will boost the Commercial Vehicle Technology of ZF and reinforce its position in the market for automotive forging. Besides, the struggle to bear extra expenses to produce high-end cars can diminish the automotive forging market growth.