Metal Forming Market to Grow at 2.83% CAGR and Projected to Reach US$ 269.01 Billion by 2025 - Key Companies Profile, Supply, Demand, Cost Structure, and SWOT Analysis
Key companies profiled in metal forming market study are Magna (Canada), Benteler (Germany), Tower International (UK), Toyota Boshoku (Japan), Aisin Seiki (Japan), Kirchhoff (US), CIE Automotive (Spain), Mills Products (US), VNT Automotive (Austria), Supe
(EMAILWIRE.COM, December 18, 2018 ) The metal forming market for automotive is projected to grow at a CAGR of 2.83% from 2018 to 2025, to reach USD 269.01 billion by 2025 from USD 221.22 billion in 2018. The market is projected to rise owing to key reasons such as increasing vehicle production and growing demand for commercial vehicles.
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Asia Oceania region is projected to lead the metal forming market for automotive during the forecast period owing to the larger vehicle production compared to other regions. The increasing presence of OEMs and tier 1 players in the region is also driving the automotive industry.
Hydro forming is one of most advanced forming techniques used in automotive industry. It is generally used to manufacture hollow tube structures like manifolds, exhaust cones, and a few suspension components. As Hydro forming is comparatively expensive, it is mostly used by premium car manufacturers. Due to increasing market share of premium car manufacturers, Hydro forming is expected to grow at fastest rate.
Technological Overview
1 Introduction
2 Advantages of Metal Forming Technique Over Other Techniques
3 Types of Forming Techniques
4 Hydroforming: the Future of Automotive Forming
5 Advantages of Hydroforming
Click Here for 15% Discount on Metal Forming Market Research Report Now at https://www.reportsnreports.com/contacts/discount.aspx?name=1618357 .
Report covers metal forming market for automotive. It is broadly segmented by region (Asia Pacific, Europe, North America, and RoW), Technique type (Roll forming, Stretch forming, Stamping, Deep drawing, Hydro forming, and Others), Forming types (Cold forming and Hot forming), Material type (Steel and Aluminum), Application type (BIW, Chassis and Closures), Vehicle type (Passenger car, LCV, Truck, and Bus), and Electric & Hybrid vehicle type (BEV, HEV, and PHEV).
Metal Forming Market for Automotive, By Techniques
1 Introduction
2 Roll Forming
3 Stretch Forming
4 Deep Drawing
5 Stamping
6 Hydroforming
Metal Forming Market for Automotive, By Application
1 Introduction
2 BIW
3 Chassis
4 Closures
Click Here for More Information Metal Forming Market for Automotive by Technique (Roll, Stretch, Stamping, Deep Drawing, Hydroforming), Type (Hot and Cold), Application (BIW, Chassis, Closure), Material (Steel, Aluminum), Vehicle (ICE, Electric, and Hybrid) - Global Forecast to 2025 report at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1618357 .
North American region comprises countries with significant vehicle production such as Canada, Mexico, and the US. US is major contributor, i.e., it contributed around 65% of the overall vehicle production in North America in 2017. North American metal forming market is dominated by key players such as the Tower International (US), Magna (Canada), and Kirchhoff Automotive (US).
The study contains insights provided by various industry experts. The break-up of the primaries is as follows:
By Company Type Tier-1 - 55%, Tier-2 - 15%, and OEMs- 30%
By Designation C level - 45 %, Director level - 34%, and Others - 21%
By Region North America - 25%, Europe - 35%, Asia Oceania -25%, and RoW -15%
Get Free Sample Papers of Metal Forming Market Research Report Now at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1618357 .
Asia Oceania region is projected to lead the metal forming market for automotive during the forecast period owing to the larger vehicle production compared to other regions. The increasing presence of OEMs and tier 1 players in the region is also driving the automotive industry.
Hydro forming is one of most advanced forming techniques used in automotive industry. It is generally used to manufacture hollow tube structures like manifolds, exhaust cones, and a few suspension components. As Hydro forming is comparatively expensive, it is mostly used by premium car manufacturers. Due to increasing market share of premium car manufacturers, Hydro forming is expected to grow at fastest rate.
Technological Overview
1 Introduction
2 Advantages of Metal Forming Technique Over Other Techniques
3 Types of Forming Techniques
4 Hydroforming: the Future of Automotive Forming
5 Advantages of Hydroforming
Click Here for 15% Discount on Metal Forming Market Research Report Now at https://www.reportsnreports.com/contacts/discount.aspx?name=1618357 .
Report covers metal forming market for automotive. It is broadly segmented by region (Asia Pacific, Europe, North America, and RoW), Technique type (Roll forming, Stretch forming, Stamping, Deep drawing, Hydro forming, and Others), Forming types (Cold forming and Hot forming), Material type (Steel and Aluminum), Application type (BIW, Chassis and Closures), Vehicle type (Passenger car, LCV, Truck, and Bus), and Electric & Hybrid vehicle type (BEV, HEV, and PHEV).
Metal Forming Market for Automotive, By Techniques
1 Introduction
2 Roll Forming
3 Stretch Forming
4 Deep Drawing
5 Stamping
6 Hydroforming
Metal Forming Market for Automotive, By Application
1 Introduction
2 BIW
3 Chassis
4 Closures
Click Here for More Information Metal Forming Market for Automotive by Technique (Roll, Stretch, Stamping, Deep Drawing, Hydroforming), Type (Hot and Cold), Application (BIW, Chassis, Closure), Material (Steel, Aluminum), Vehicle (ICE, Electric, and Hybrid) - Global Forecast to 2025 report at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1618357 .
North American region comprises countries with significant vehicle production such as Canada, Mexico, and the US. US is major contributor, i.e., it contributed around 65% of the overall vehicle production in North America in 2017. North American metal forming market is dominated by key players such as the Tower International (US), Magna (Canada), and Kirchhoff Automotive (US).
The study contains insights provided by various industry experts. The break-up of the primaries is as follows:
By Company Type Tier-1 - 55%, Tier-2 - 15%, and OEMs- 30%
By Designation C level - 45 %, Director level - 34%, and Others - 21%
By Region North America - 25%, Europe - 35%, Asia Oceania -25%, and RoW -15%
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ReportsnReports
Mr. Hrishikesh
Tel: + 18883915441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results