The global automotive metal forming market is expected to grow at a CAGR of 3% during the forecast period. The driving force behind the automotive metal forming market is growing demand and vehicle production. Rising demand for commercial vehicles, stringent government emission standards, and growing demand for the highest quality vehicle weight reduction and fuel economy will open up new opportunities for the automotive metal forming market.
A full report of Automotive Metal Forming Market available at https://www.orionmarketreports.com/automotive-metal-forming-market/42145/
Major Players: Metal forming market for automotive is dominated by manufacturers such as Magna (Canada), Benteler (Germany), Tower International (UK), Toyota Boshoku (Japan), Aisin Seiki (Japan). Most of the manufacturers are undertaking inorganic developments such as expansion, joint venture, and supply contract. The key strategies adopted by these companies to sustain their market position are new product developments, collaborations, and contracts & agreements.
Automotive Metal Forming Market: Segmentation
By Technique type
• Roll Forming
• Stretch Forming
• Stamping
• Deep Drawing
• Hydroforming
• Others
By Application type
• BIW
• Chassis
• Closures
• Others
By Electric & Hybrid Vehicle type
• Fuel Cell Electric Vehicle (FCEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
• Battery Electric Vehicle (BEV)
By ICE Vehicle type
• Passenger Car
• LCV
• Truck
• Bus
By Forming type
• Cold Forming
• Hot Forming
• Warm Forming
By Material type
• Steel
• Aluminum
• Magnesium
• Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
