Press release
Global Metal Forming Market 2025: Steady Growth, Rising Demand, and Key Market Trends
Metal Forming Market Share
What Is The Projected Market Size Of The Global Metal Forming Market And Its Growth Rate?
The metal forming market continues to experience steady growth, predicted to increase from $198.27 billion in 2024 to $247.6 billion by 2029. Key figures include:
•2024 Market Size: $198.27 billion
•2025 Market Size: $205.32 billion (CAGR of 3.6%)
•2029 Market Size: $247.6 billion (CAGR of 4.8%)
Reasons for this growth are attributed to the rise of electric vehicles, sustainable manufacturing practices, demand for high-strength materials, renewable energy infrastructure projects, and global supply chain resilience.
What Is Driving The Growth In The Metal Forming Global Market Report 2025?
The increase in the automotive industry is a driving force behind the growth of the metal-forming market. The automotive industry, which encompasses the manufacture, distribution, retail, and maintenance of automobiles, utilizes metal forming in the production of numerous components and parts such as body and chassis components, engine components, suspension components, and exhaust system components. The Society of Motor Manufacturers and Traders reported a 7.4% increase in UK's car production in November 2022, signaling the industry-wide growth boosting the market for metal-forming.
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Who Are the Key Players Driving Metal Forming Global Market Report 2025 Growth?
Major companies operating 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
•Formtek Moulding Solutions
•Mestek Machinery
What Are The Key Trends In The Metal Forming Global Market Report 2025?
Key trends in the market include:
•Integration of industry 4.0
•Usage of advanced materials and alloys
•Application of microforming technologies
•Adoption of digital twin technology
•Increasing personalization and adaptive manufacturing
•Promotion of human-robot collaboration
What Are The Segments Of The Global Metal Forming Global Market Report 2025?
The Metal Forming market report is categorized by:
1) Forming Type: Cold Forming, Hot Forming, Warm Forming
2) Material Type: Steel, Aluminum, Magnesium, Other Materials
3) Technique: Roll Forming, Stretch Forming, Stamping, Deep Drawing, Hydroforming, Other Technologies
4) Application: Body in White (BIW), Chassis, Closures, Other Applications
5) End-User: Automotive, Transportation, Industrial Machinery, Construction, Precision Engineering, Other End-users
Which Region Leads The Metal Forming Global Market Report 2025?
Asia-Pacific held the largest share in the metal forming market in 2024 and is expected to be the fastest-growing region during the forecast period. The metal forming market report covers global regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Metal Forming Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Metal Forming Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Metal Forming Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Metal Forming Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Metal Forming Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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