Press release
Automotive Metal Forming Industry Players, Dynamics, Industry Overview And Forecasts 2018-2025
In terms of consumption side, this report focuses on the consumption of Automotive Metal Forming by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc. Metal forming is the metalworking process of fashioning metal parts and objects through mechanical deformation; the workpiece is reshaped without adding or removing material, and its mass remains unchanged.
Forming operates on the materials science principle of plastic deformation, where the physical shape of a material is permanently deformed. Aluminum is expected to show the fastest growth over the forecast period, by material type. It is rapidly replacing steel in many automotive applications like body in white and chassis. The usage rate (%) of aluminum for forming applications is higher in Europe and North America when compared with that in Asia Oceania.
The consumer spending power and vehicle costs are higher in countries such as the US and Germany, as compared to the developing economies. Thus, automakers are increasing the use of expensive lightweight materials such as aluminum, which helps to reduce the overall vehicle weight, thus improving the performance and fuel efficiency. However, it is 35-40% costlier than steel, because of which it has a low penetration in Asia Oceania.
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The Automotive Metal Forming market was valued at xx Million US$ in 2017 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Automotive Metal Forming.
This report includes the following manufacturers; we can also add the other companies as you want.
Benteler
Tower International
Magna
Toyota Boshoku
Aisin Seiki
Kirchhoff
CIE Automotive
Mills Products
VNT Automotive
Superform Aluminium
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Market Segment by Product Type
Roll Forming
Stretch Forming
Stamping
Deep Drawing
Market Segment by Application
Passenger Car
LCV
Truck
Bus
Key Regions split in this report:
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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