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Metal Forming Market Report 2023 - Growth Overview, Analysis, Trends And Scope 2032 | Benteler International AG, Toyota Boshoku Corporation, Magna International Inc., Hirotec Corporation, Tower International
Metal Forming Market
Metal Forming Market Size, Growth Rate, And Forecast
The global metal forming market size is expected to grow from $183.58 billion in 2022 to $192.54 billion in 2023 at a compound annual growth rate (CAGR) of 4.88%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global metal forming market size is expected to reach $223.55 billion in 2027 at a CAGR of 3.8%.
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Metal Forming Market Drivers
Rise in the automotive industry is expected to propel the growth of the metal-forming market going forward. The automotive industry refers to the businesses involved in the manufacture, distribution, retail, and upkeep of automobiles.
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Metal Forming Market Segments
1. By Forming Type: Cold Forming, Hot Forming, Warm Forming.
2. By Material Type: Steel, Aluminum, Magnesium, Other materials.
3. By Technique: Roll Forming, Stretch Forming, Stamping, Deep Drawing, Hydroforming, Other Technologies.
4. By Application: Body in White (BIW), Chassis, Closures, Other Applications.
5. By End-User: Automotive, Transportation, Industrial Machinery, Construction, Precision Engineering, Other End-users.
6. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Metal Forming market.
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Metal Forming Market Key Players
Major competitors in the metal forming market include Benteler International AG, Toyota Boshoku Corporation, Magna International Inc., Hirotec Corporation, Tower International, Aisin Corporation, CIE Automotive, Bradbury Group.
The Business Research Company's "Global Metal Forming Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Metal Forming Market Include:
1. Executive Summary
2. Metal Forming Market Characteristics
3. Metal Forming Market Trends And Strategies
4. Metal Forming Market - Macro Economic Scenario
5. Metal Forming Market Size And Growth
……
26. Africa Metal Forming Market
27. Metal Forming Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Metal Forming Market
29. Metal Forming Market Future Outlook and Potential Analysis
30. Appendix
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