2025-2034 Metal Forming Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights

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What Will the Metal Forming Industry Market Size Be by 2025?
In recent times, there has been a consistent increase in the size of the metal forming market. Its growth is projected to rise from $198.27 billion in 2024 to $205.32 billion in 2025, with a compound annual growth rate (CAGR) of 3.6%. This historic period's growth has been influenced by the advancement of the automotive industry, innovative materials, the demand for lightweight materials, the worldwide growth of manufacturing, expansion of the energy and power industry, and cycles of replacement and upgrades.

What's the Long-Term Growth Forecast for the Metal Forming Market Size Through 2029?
We can anticipate consistent expansion in the metal forming market size over the coming years. The market is projected to hit "$247.6 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.8%. Factors contributing to the growth during the predicted period include the emerging popularity of electric vehicles (EVs), the implementation of eco-friendly manufacturing methods, the need for high-strength materials, renewable energy infrastructure undertakings, and resilience in the global supply chain. Key trends during this projection period include the application of industry 4.0, the development of advanced materials and alloys, the adoption of microforming technologies, digital twin technology, customization along with flexible manufacturing, and the collaboration between humans and robots.

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What Are the Key Growth Drivers Fueling the Metal Forming Market Expansion?
The anticipated growth of the metal-forming market is due to an upswing in the automotive industry. The automotive sector encompasses all businesses associated with the manufacturing, distribution, retailing, and maintenance of vehicles. The metal forming technique is applied in this sector to produce numerous parts and components including body and chassis elements, engine parts, suspension components and exhaust system pieces. The Society of Motor Manufacturers and Traders (SMMT), a UK-based trade body for motor vehicles, reported in November 2022 that the UK's car production had witnessed a rise of 7.4% to 69,524 units, a significant increase from prior years. As such, the growing automotive sector is substantially propelling the expansion of the metal-forming market.

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What Are the Key Trends Driving Metal Forming Market Growth?
Technological advancement continues to shape the metal forming market. In September 2022, US-based Desktop Metal introduced the Figure G15 system using digital sheet forming (DSF) technology. The system offers high-precision metal forming with low-force incremental shaping, reducing lead times and startup costs for manufacturers across industries.

How Is the Metal Forming Market Segmented?
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 Companies Are Leading the Charge in Metal Forming Market Innovation?
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.

Which Regions Are Leading the Global Metal Forming Market in Revenue?
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

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