In-Depth Analysis of the Metal Forming Market: Growth Opportunities, Key Trends, and Forecast 2025-2034

What industry-specific factors are fueling the growth of the metal forming market?
The upward trajectory of the automotive industry is anticipated to fuel the expansion of the metal-forming market. The automotive industry encompasses companies engaged in manufacturing, distributing, retailing, and maintaining automobiles. Within this industry, metal forming is utilized to create a broad array of components and parts, including body and chassis components, engine components, suspension components, and exhaust system components. As an example, data from the Society of Motor Manufacturers and Traders (SMMT), a trade association of motor vehicles based in the UK, showed in November 2022 that the production of cars in the UK increased by 7.4% to 69,524 units compared with previous years. Consequently, the expanding automotive industry is acting as a catalyst for the growth of the metal-forming market.

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What Is the projected market size and growth rate for the metal forming market?
The size of the metal forming market has been experiencing constant growth over the past few years. It is expected to expand from a worth of $198.27 billion in 2024, to a projected value of $205.32 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 3.6%. This growth during the historical period was driven by factors such as the expansion of the automotive industry, innovations in materials, the increasing demand for lightweight materials, the globalization of manufacturing processes, the growth of the energy and power sector, and the cycles of replacement and upgrading.

The market size of metal forming is predicted to experience consistent expansion in the coming years, reaching a value of $247.6 billion by 2029 with an annual growth rate of 4.8% compounded annually. This growth expected in the forecast period is due to the surge in electric vehicles (EVs), the implementation of sustainable manufacturing processes, the need for high-strength materials, renewable energy infrastructure projects, and resilience in the global supply chain. Major trends driving this growth in the forecast period include the integration of industry 4.0, the use of advanced materials and alloys, the adoption of microforming technologies, digital twin technology, increased customization and flexible manufacturing, and collaboration between humans and robots.

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What new trends are reshaping the metal forming market and its opportunities?
The increasing implementation of technological advancements in the metal forming market is a rising trend among key companies. To maintain their competitive edge, many firms are utilizing new technologies. A clear example is Desktop Metal, a U.S.-based company providing 3D printing systems, which launched the Figure G15 in September 2022. This product is intended to improve surface quality in metal sheet forming. The innovative digital sheet forming (DSF) technology of Desktop Metal applies a unique incrementally flexible forming method through a patent-protected construction box design, which reduces the force applied on the sheet during construction. This allows metal sheet manufacturers to leverage the digital transition and alleviate high initial expenses and lengthy lead times. Furthermore, the usage of this technology enables manufacturers in sectors such as automotive, aerospace, and domestic appliances to effectively form metal parts in under an hour, without significant temporal or economic commitment.

What major market segments define the scope and growth of the metal forming market?
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

Subsegments:
1) By Cold Forming: Cold Heading, Cold Rolling, Cold Drawing
2) By Hot Forming: Hot Forging, Hot Rolling, Hot Stretching
3) By Warm Forming: Warm Forging, Warm Rolling, Warm Stretch Forming

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Which region dominates the metal forming market?
Asia-Pacific was the largest region in the metal forming market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global metal forming market during the forecast period. The regions covered in the metal forming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Which key market leaders are driving the metal forming industry 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, 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.

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What Is Covered In The Metal Forming Global Market Report?

• Market Size Forecast: Examine the metal forming market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the metal forming market for a structured understanding.
• Key Players Overview: Analyze major players in the metal forming market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the metal forming market.
• Segment Contributions: Evaluate how different segments drive overall growth in the metal forming market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the metal forming market.
• Industry Challenges: Identify potential risks and obstacles affecting the metal forming market.
• Competitive Landscape: Review strategic developments in the metal forming market, including expansions, agreements, and new product launches.

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