Global Metal Forming Market, By Technique (Roll Forming, Stretch Forming, Stamping, Deep Drawing, Hydroforming, Others), Application Type (BIW, Chassis, Closures, Others), Electric & Hybrid Vehicle Type (Fuel Cell Electric Vehicle (FCEV), Plug-in Hybrid Electric Vehicle (PHEV) and Battery Electric Vehicle (BEV)), ICE Vehicle Type (Passenger Car, LCV, Truck, Bus), Forming Type (Cold Forming, Hot Forming, Warm Forming), Material Type (Steel, Aluminum, Magnesium, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
The metal forming market is projected to grow with a CAGR of 2.59% over the forecast period of 2020-2027. The growing demand for vehicle production and lightweight materials are the key contributing factors for the metal forming market growth.
Metal forming is a manufacturing process in which raw material is deformed into the desired shape by applying forces. Friction is the force which is applied to the workpiece and the tools. The end-user industry gets benefited by the superior products.
The increasing trend of a lightweight vehicle, rising global demand for vehicle and commercial vehicle production, increasing industrial and manufacturing activities in Asia-Pacific region and expansion of automation activities in manufacturing process are the key drivers for the metal forming market.
Furthermore, the rise in sales of hybrid and electrical vehicles and growing recognition of hydroforming techniques extend opportunities for the metal forming market. However, increasing use of composites in automotive applications may obstruct the metal forming market growth in the forecast period of 2020-2027. The metal forming market is expected to face challenge such as high capital investment and cost in the above mentioned forecast period.
This metal forming market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on metal forming market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Metal Forming Market Scope and Market Size
- The metal forming market is segmented on the basis of technique, application type, electric & hybrid vehicle type, ICE vehicle type, forming type and material type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the technique, the metal forming market is segmented into roll forming, stretch forming, stamping, deep drawing, hydroforming and others.
- On the basis of application type, the metal forming market is divided into BIW, chassis, closures and others.
- On the basis of electric & hybrid vehicle type, the metal forming market is divided into fuel cell electric vehicle (FCEV), plug-in hybrid electric vehicle (PHEV) and battery electric vehicle (BEV).
- On the basis of ICE vehicle type, the metal forming market is segmented into passenger car, LCV, truck and bus.
- On the basis of forming type, the metal forming market is classified into cold forming, hot forming and warm forming.
- On the basis of material type, the metal forming market is segmented into steel, aluminum, magnesium and others.
Global Metal Forming Market Country Level Analysis
Global metal forming market is analyzed and market size, volume information is provided by country, technique, application type, electric & hybrid vehicle type, ICE vehicle type, forming type and material type as referenced above.
The countries covered in the metal forming market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the metal forming market due to factors such as increase in development and research activities, adoption of electric vehicles and the growth of automotive and construction sector. Europe is the fastest growing market region holding the second largest market share after Asia-Pacific because of its increasing metal forming market and increase in the rate of usage of aluminum for forming applications.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Metal Forming Market Share Analysis
Metal forming market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to metal forming market.
The major players covered in the metal forming market report are Bradbury Group, Formtek Moulding Solutions, Mestek Machinery, Avic Manufacturing Technology Institute, VNT Automotive GmbH, Westway Machinery, Benteler International AG, AES Automotive Company Pvt. Ltd., Toyota Boshoku Corporation, Samco Machinery, Aisin Seiki Co. Ltd, Heck Industries, DMG Fabrication & Welding, Wuhan Huagong, Schuler India Private Ltd., Magna International Inc., Drexler Companies Inc., Hirotec Corporation, CIE Automotive among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Metal Forming Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.