The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rise of the automobile industry is likely to move the metal-forming market ahead.

The global metal forming market 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 market is expected to reach $223.55 billion in 2027 at a CAGR of 3.8%.

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Global Metal Forming Market Segments Include:

• By Forming Type: Cold Forming, Hot Forming, Warm Forming
• By Material Type: Steel, Aluminum, Magnesium, Other materials
• By Technique: Roll Forming, Stretch Forming, Stamping, Deep Drawing, Hydroforming, Other Technologies
• By Application: Body in White (BIW), Chassis, Closures, Other Applications
• By End-User: Automotive, Transportation, Industrial Machinery, Construction, Precision Engineering, Other End-users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global metal forming market in 2021.

Major Market Players 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.

Technological developments are a major trend that is gaining traction in the metal forming market. To maintain their market position, major players in the metal forming market are implementing innovative technology.

The Metal Forming Global Market Report 2023  provides a metal forming market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The metal forming market forecast analyzes metal forming market size, metal forming market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Metal forming is the process of forming and shaping metals using compressive forces to modify their physical and chemical characteristics and obtain the desired size and shape. It is used to manufacture metal components and pieces for a wide range of industries.

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