Press release
Metal Forming Global Market Report 2024 - By Size, Share, Growth, Trends, Forecast To 2033
Metal Forming
The Business Research Company offers in-depth market insights through Metal Forming Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The metal forming market size has grown steadily in recent years. It will grow from $192.54 billion in 2023 to $201.15 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to automotive industry growth, materials innovation, demand for lightweight materials, globalization of manufacturing, energy and power industry expansion, replacement and upgradation cycles..
The metal forming market size is expected to see steady growth in the next few years. It will grow to $233.91 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to rise of electric vehicles (evs), sustainable manufacturing practices, demand for high-strength materials, renewable energy infrastructure projects, global supply chain resilience.. Major trends in the forecast period include industry 4.0 integration, advanced materials and alloys, microforming technologies, digital twin technology, customization and flexible manufacturing, human-robot collaboration.
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=10343&type=smp
Market Segmentation:
The metal forming market covered in this report is segmented -
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
Major Driver - The Impact Of Automotive Industry Growth On The Metal-Forming Market
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. Metal forming in the automotive industry is used to manufacture a wide range of components and parts such as body and chassis components, engine components, suspension components, and exhaust system components. For instance, in November 2022, according to the Society of Motor Manufacturers and Traders (SMMT), a UK-based trade association of motor vehicles, UK's car production has risen to 7.4% to 69,524 units as compared to the previous years. Additionally, in March 2022, according to a report published by the European Automobile Manufacturers' Association (ACEA), the main lobbying and standards group for the automobile industry in the European Union, sales of passenger cars in the US increased to 11.9 million units in 2021. Over 6.3 million passenger cars were produced in US auto facilities in 2021. Chinese automakers produced 20.7 million vehicles in 2021, an increase of 7.1%. In 2021, the total number of cars produced worldwide climbed by 2.7% to 63.2 million. Therefore, the rise in the automotive industry is driving the growth of the metal-forming market.
Competitive Landscape:
Major companies operating in the metal forming market report are Benteler International AG, Toyota Boshoku Corporation, Magna International Inc., Hirotec Corporation, Tower International, Aisin Corporation, CIE Automotive, Bradbury Group, Formtek Moulding Solutions, Mestek Machinery, VNT Automotive GmbH, Westway Machinery, AES Automotive Company Pvt. Ltd., Samco Machinery, Mills Products Inc., Luxfer Group, PMF Industries Inc., PECTEC Corporation, Corrugated Metals Inc., Paramount Roll & Forming Inc., Miro Manufacturing Inc., BROT Incorporated, Jorgenson Metal Rolling & Forming Inc., Southern Metal Fabricators Inc., Delta Steel Inc., Metalspun Products Co. Inc., SEPAC Inc., Roderick Industries Inc., QCMI Corp., O'Neal Manufacturing Services, BTD Manufacturing Inc.
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/metal-forming-global-market-report
Top Trend - Revolutionizing Metal Forming Through A Spotlight On Technological Advancements In The Industry
Technological advancements are a key trend gaining popularity in the metal forming market. Major companies operating in the metal forming market are adopting new technologies to sustain their position in the market. For instance, in September 2022, Desktop Metal, a US-based technology company that designs and markets 3D printing systems, introduced Figure G15 to offer a high-quality surface finish in metal sheet forming. Desktop Metal's Figure digital sheet forming (DSF) technology offers high precision with a flexible, incremental forming approach via a patented build box design that lowers force distribution over the sheet during the build. This approach will allow sheet metal manufacturers to reap the benefits of digitization and helps to remove high startup costs and long lead times. Additionally, using this technology manufacturer in the automotive, aerospace, appliance, and other industries can completely metal-formed part in less than an hour with no significant time or financial commitment.
The Table Of Content For The Market Report 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
…..
27. Metal Forming Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model"
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Metal Forming Global Market Report 2024 - By Size, Share, Growth, Trends, Forecast To 2033 here
News-ID: 3390391 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Forming
Analyzing Vacuum Forming and Pressure Forming to Match Consumers' Manufacturing …
When selecting the right thermoforming process for plastic container production, understanding the distinctions between vacuum forming and pressure forming is critical. Both methods transform thermoplastic sheets into functional products like egg trays, fruit containers, food packaging, and industrial containers. However, their unique capabilities, material compatibility, and application suitability make them better suited for specific manufacturing scenarios.
Image: https://ecdn6.globalso.com/upload/p/1194/image_product/2025-02/analyzing-vacuum-forming-and-pressure-forming-to-match-your-manufacturing-needs.jpg
Vacuum Forming: Simplicity and Efficiency
Vacuum forming [https://www.gtmsmart.com/plastic-vacuum-forming-machine-product/], also referred to as thermoforming or vacuum…
Automotive Metal Forming Market Projections, Trends, and Forecast 2024 - 2031 - …
Automotive Metal Forming Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in…
Grid-Forming Inverter Market Grid Management Revolution: The Potential of the Gr …
Grid-Forming Inverter Market
Grid-Forming Inverter Market to reach over USD 1,284.40 billion by the year 2031 - Exclusive Report by InsightAce Analytic
"Grid-Forming Inverter Market" in terms of revenue was estimated to be worth USD 676.01 Million in 2023 and is poised to reach USD 1,284.40 Million by 2031, growing at a CAGR of 8.48% from 2023 to 2031 according to a new report by InsightAce Analytic.
Get a free sample copy…
Steel Forming Services Market Backbone of Machinery 2023-2030 | Portland Wiring …
Steel Forming Services Market Research Report Provides the Newest Industry Data and Industry Future Trends, allowing you to Identify the Products and End Users Driving Revenue Growth and Profitability.
The Steel Forming Services Market is predicted to reach USD 29.66 billion by 2030, increasing at a CAGR of 9.23% throughout the projected time frame (2023-2030).The Steel Forming Services Market refers to the various services and processes used to shape and mould…
Bofan Forming announces the release of their newest Beam Forming Machine
Bofan forming is proud to announce the release of their newest Beam Forming Machine, the BFM-3. This machine offers a number of improvements over previous models, including a wider range of beam diameters that can be processed and increased production speed. With this new machine, bofan forming continues its commitment to providing the highest quality Beam Forming Machines on the market. Contact us today to learn more about how our…
Roll Forming Machine Market Outlook with Thrilling Growth by Key Players IL KWAN …
The Insight Partners delivers well-researched industry-wide information on the Roll Forming Machine market. It provides information on the market’s essential aspects such as top participants, factors driving Roll Forming Machine market growth, precise estimation of the Roll Forming Machine market size, upcoming trends, changes in consumer behavioral pattern, market’s competitive landscape, key market vendors, and other market features to gain an in-depth analysis of the market. Additionally, the report is…
