Global and United States Automotive Metal Forming Market Report & Forecast 2022-2028

Metal forming is the metalworking process of fashioning metal parts and objects through mechanical deformation; the workpiece is reshaped without adding or removing material, and its mass remains unchanged. Forming operates on the materials science principle of plastic deformation, where the physical shape of a material is permanently deformed.
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
Roll Forming
Stretch Forming
Stamping
Deep Drawing
Hydroforming
Others

Segment by Application
Passenger Car
LCV
Truck
Bus

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

By Company
Benteler
Tower International
Magna
Toyota Boshoku
Aisin Seiki
Kirchhoff
CIE Automotive
Mills Products
VNT Automotive
Superform Aluminium
Hirotec
Multimatic
Kaizen Metal Forming
Quintus Technologies