Metal Forming Market Provides Insight into Trends and Opportunities Driving Market Growth and Forecast to 2030 – Talking Democrat

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Global Automotive Metal Forming Market was valued at US$210 Billion in 2017 and is projected to reach US$284.26 Billion by 2026 at a CAGR of roughly 3.86% when forecast .

The global automotive metal forming market is segmented by technique, by application, by material, by ICE vehicle and by region. On the basis of technique, the automotive metal forming market is categorized into roll, drawing, stamping, deep drawing & Hydroforming. In the application are separated into BIW, Chassis & Closure. By material are divided into Steel & Aluminum. ICE vehicles are arranged into passenger cars, light commercial vehicles, trucks & Bus. Geographically in North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. Global industry analysis and forecast 2018-2026.

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The driving factors for the automotive metal forming market are increasing demand and production of vehicles. Rising demand for commercial vehicles, stringent government emission standards, lightweight vehicle with best quality and growing demand for fuel economy will open up new opportunities in the metal forming market for the automobile.

Lack of skilled labor and emerging competitors may hamper the growth of automotive metal forming market.
In terms of ICE vehicles, the passenger car segment shares the largest market during the forecast period. Rising production of passenger vehicles across the world, falling bank interest rates, rapid urbanization and growing concern for safety. It has the largest application of formed components, more than for light and heavy duty vehicles and the expansion of automotive industry in developing countries will create greater demand for automotive metal forming market.

In terms of materials, the aluminum segment is expected to grow the fastest during the forecast period. In trends, the vehicle’s cross beam, front door, oil pan, rear door frame and seat frame are mostly made of aluminum. Future automobiles will need to meet strict emissions standards and the best way to do this with exciting technologies is to reduce weight and be efficient and functional – within fuel emission guidelines. And preferably not too expensive, it will allow for greater demand in the automotive metal forming market.

Among the regions, Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The emerging economy and geographic position also influence the preference for aluminum. Rising disposal revenue, rapid regulatory changes to advance transportation on the technological front, and ever-growing population in this region will create more opportunities in the automotive metal forming market. China is the largest automobile producer in the world. The North America region is expected to be the second largest automotive metal forming market.

Key players profiled and analyzed in the report
Hyundai Mobis, Schaeffler AG, Gestamp, Magna, Benteler, Tower International, Toyota Boshoku, Aisin Seiki, Kirchhoff, CIE Automotive, Mills Products, VNT Automotive, Superform Aluminium, Hirotec, Volkswagen, Daimler AG, Ford Motor Company, Hyundai Motor Company, Toyota Motor Corporation, Japan Automobile Manufacturers Association, GKN, Alcoa Corporation.
Scope of Global Automotive Metal Forming Market:

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Global Automotive Metal Forming Market: By Technique
Roller
stretch
Stamping
Deep drawing
Hydroforming
Global Automotive Metal Forming Market: By Application
BIW
Frame
Closing
Others
Global Automotive Metal Forming Market: By Material
Steel
Aluminum
Global Automotive Metal Forming Market: By ICE Vehicle
Passenger car
VUL
Truck
Bus
Global Automotive Metal Forming Market: By Region
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Key Player Analyzed in Global Automotive Metal Forming Market:
Hyundai Mobi
Schaeffler AG
Gestamp
magna
Benteler
International Tower
Toyota Boshoku
Aisin Seiki
Kirchhof
CIE Automotive
mill products
VNT Automotive
Superform Aluminum
Hirotec
volkswagen
Daimler S.A.
Ford Motor Company
Hyundai Motor Company
Toyota Motor Corporation
Japan Automobile Manufacturers Association
GKN
Alcoa Corporation

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