Global Metal Forming Market is valued approximately USD 178 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 3.2 % over the forecast period 2020-2027. Metal Forming is manufacturing process in which metal is plastically deformed to a desired shape and geometry. For this process a force is applied on the metal, that exceeds the yielding strength of the metal to undergoes plastic deformation. Metal forming is applied on metal to give them rigid, customized and desired shape and has end use applicants for this process including ranging from automotive, construction, industrial and aerospace engineering. The global metal forming market is facing challenges due to COVID-19 pandemic as temporary locked down results lowered demand, operation and supply chain are at halt. The rising global vehicle production and growing commercial vehicle demand and stringent emission and fuel economy regulations for lightweight materials are the factors responsible for the growth of market over the forecast period. Furthermore, the introduction of products and services and other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 08th May 2018, Magna International established an aluminum casting facility in Telford, England, to provide structural castings to Jaguar Land Rover, which covers 225,000 sq.m and will employ around 300 people. However, increasing usage of composites in automotive applications is the major factor restraining the growth of global Metal Forming market during the forecast period.

The regional analysis of global Metal Forming Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share owing to the increasing presence of manufacturing units, rising automotive sale, and presence of prominent players operating in emerging economies in this region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.

Major market player included in this report are:

  • Benteler
  • Tower International
  • Magna International
  • Toyota Boshoku Corporation
  • Aisin Seiki
  • Kirchhoff
  • CIE Automotive
  • Mills Products
  • Vnt Automotive
  • Superform Aluminium

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technique Type:

  • Roll Forming
  • Stretch Forming
  • Stamping
  • Deep Drawing
  • Hydro forming
  • Others

Application Type:

  • BIW
  • Chassis
  • Closures
  • Others
  • By Electric & Hybrid Vehicle Type:
  • Fuel Cell Electric Vehicle (FCEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)
  • Battery Electric Vehicle (BEV)

by ICE Vehicle Type:

  • Passenger Car
  • LCV
  • Truck
  • Bus

by Forming Type:

  • Cold Forming
  • Hot Forming
  • Warm Forming

By Material Type:

  • Steel
  • Aluminum
  • Magnesium
  • Others

By Region:

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROE
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC
  • Latin America
  • Brazil
  • Mexico
  • Rest of the World
Furthermore, years considered for the study are as follows:
  • Historical year – 2017, 2018
  • Base year – 2019
  • Forecast period – 2020 to 2027

Target Audience of the Global Metal Forming Market in Market Study:

  • Key Consulting Companies & Advisors
  • Large, medium-sized, and small enterprises
  • Venture capitalists
  • Value-Added Resellers (VARs)
  • Third-party knowledge providers
  • Investment bankers
  • Investors