Global and United States Automotive Metal Forming Market Report & Forecast 2022-2028
SKU ID : QYR-21075624 | Publishing Date : 15-Jun-2022 | No. of pages : 103
Market Analysis and Insights: Global and United States Automotive Metal Forming Market
This report focuses on global and United States Automotive Metal Forming market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Automotive Metal Forming market size is estimated to be worth US$ 245530 million in 2022 and is forecast to a readjusted size of US$ 281430 million by 2028 with a CAGR of 2.3% during the review period. Fully considering the economic change by this health crisis, by Type, Roll Forming accounting for % of the Automotive Metal Forming global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Passenger Car was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
Aluminum is expected to show the fastest growth over the forecast period, by material type. It is rapidly replacing steel in many automotive applications like body in white and chassis. The usage rate (%) of aluminum for forming applications is higher in Europe and North America when compared with that in Asia Oceania. The consumer spending power and vehicle costs are higher in countries such as the US and Germany, as compared to the developing economies. Thus, automakers are increasing the use of expensive lightweight materials such as aluminum, which helps to reduce the overall vehicle weight, thus improving the performance and fuel efficiency. However, it is 35-40% costlier than steel, because of which it has a low penetration in Asia Oceania.
Global Automotive Metal Forming Scope and Market Size
Automotive Metal Forming market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Automotive Metal Forming market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Automotive Metal Forming market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Segment by Application
Middle East & Africa
Kaizen Metal Forming
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This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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