Automotive Hydroformed Parts Market Share 2022, Classification, Market Growth, Scope, Type, Application, Top Players, Forecast By 2022-2027
The Global Automotive Hydroformed Parts Market Size is Projected to Reach at a CAGR of 11% during 2022-2027.
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Due to stringent emission norms by government worldwide original equipment manufacturers (OEMs) have shifted their focus on building light weight vehicles by using aluminium and composites material. This material will help in reducing the vehicle weight along with lowering the fuel consumption since low energy will be consumed during acceleration. For instance, European Union (EU) in April 2019 announced that the average fuel economy across the manufacturers fleet should be equivalent to 57 United States (U.S) miles per gallon mpg in 2021 and targeted to increase it to 92 miles per U.S gallons by 2030. Therefore, OEMs are focusing on making the vehicles lighter thus, it is expected to drive growth of automotive hydroformed parts market.
Top Leading Companies:
Magna International, Metalsa, Tenneco, Thyssenkrupp, Yorozu, Vari-Form, SANGO, Tata Precision Tubes, F-TECH, Salzgitter Hydroformin, KLT Auto, Alf Engineering, Right Way, Nissin Kogyo, Busyu Kogyo, Showa Rasenk, Electropneumatics, Pliant Bellows
MAGNA has acquired 20 companies, including 2 in the last 5 years. It has also divested 2 assets. MAGNA’s largest acquisition to date was in 2016, when it acquired Getrag KG for $2.0B. MAGNA has been acquired in 2 different US states, and 10 countries. The Company’s most targeted sectors include automotive (75%) and electronics (5%). MAGNA is a diversified automotive supplier. Magna designs, develops and manufactures automotive systems, assemblies, modules and components, as well as engineers and assembles complete vehicles, primarily for sale to original equipment manufacturers (OEMs) of cars and light trucks. Magna was formed in 1957 and is based in Aurora, Ontario. MAGNA was founded in 1957 and is based in Aurora, Canada.
Automotive Hydroformed Parts Market Segmentation by Type:
Stainless Steel Type
Automotive Hydroformed Parts Market Segmentation by Application:
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Europe held dominant position in the automotive hydroformed parts market
Europe held a dominant position in the market in 2018, followed by Asia Pacific and North America. Moreover, Germany, France, Italy, Spain, and the U.K. are some of the major growth engines of the automotive hydroformed parts market in this region. Increasing government regulations for vehicle economy creates a conducive environment for growth of the market in the region. For instance, in April 2019, the EU announced that the average fuel economy across the manufacturers’ fleets should be equivalent to around 57 U.S. miles per gallon mpg in 2021. EU is targeted to increase it to 92 miles per U.S. gallons by 2030. Owing to this, the component manufacturers and OEMs in the region are opting for hydroforming process to manufacture the automotive components such as exhaust system, sub frame, side grills among others.
Regional Automotive Hydroformed Parts Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.
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Highlights of the Automotive Hydroformed Parts Market Report:
Detailed overview of Automotive Hydroformed Parts Market
Changing the Automotive Hydroformed Parts market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Automotive Hydroformed Parts market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Automotive Hydroformed Parts Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Automotive Hydroformed Parts Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Automotive Hydroformed Parts industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
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