The Metal Forming Global Market Report 2023, provides comprehensive information on the metal forming market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Metal Forming Global Market Report 2023, the global metal forming market size is expected to grow from $183.58 billion in 2022 to $192.54 billion in 2023 at a compound annual growth rate (CAGR) of 4.88%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global metal forming market size is expected to reach $223.55 billion in 2027 at a CAGR of 3.8%.
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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 Metal Forming Market Is Segmented:
Metal Forming By Forming Type:
Cold Forming
Hot Forming
Warm Forming
Metal Forming By Material Type:
Steel
Aluminum
Magnesium
Other materials
Metal Forming By Technique:
Roll Forming
Stretch Forming
Stamping
Deep Drawing
Hydroforming
Other Technologies
Metal Forming By Application:
Body in White (BIW)
Chassis
Closures
Other Applications
Metal Forming By End-User:
Automotive
Transportation
Industrial Machinery
Construction
Precision Engineering
Other End-users
Top Key Players:
Benteler International AG
Toyota Boshoku Corporation
Magna International Inc.
Hirotec Corporation
Tower International
Asia-Pacific was the largest region in the metal forming market in 2022.
The table of contents in TBRC’s metal forming market report includes:
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
……
26. Africa Metal Forming Market
27. Metal Forming Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Metal Forming Market
29. Metal Forming Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Metal Forming Market, Segmentation By Forming Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Metal Forming Market, Segmentation By Material Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Metal Forming Market, Segmentation By Technique, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
…..
Table 48: Benteler International AG Financial Performance
Table 49: Toyota Boshoku Corporation Financial Performance
Table 50: Magna International Inc. Financial Performance
Table 51: Hirotec Corporation Financial Performance
Table 52: Tower International Financial Performance
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