Automotive Metal Forming Market
Automotive Metal Forming Market by Technique (Roll Forming, Stretch Forming, Stamping, Deep Drawing, Hydroforming, Others) by Application (BIW, Chassis, Closures, Others) by Material (Steel, Aluminum, Magnesium, Others) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028
Research Methodology: Automotive Metal Forming Market by Technique by Application by Material by Region – Global Market Assessment, 2021 - 2028
The research process involves the exhaustive study of several factors impacting industry dynamics such as competitive landscape, government policies, historical outlook, current market scenario, and other macro/micro factors. The whole research process is divided into three stages namely: Secondary Research, Primary Research, and Data Triangulation. The ratio of the resources involved in each stage differs as per the data availability for a particular section of the report or as per the market dynamics. We have conducted more than 150 primary interviews during the Automotive Metal Forming market study either through mail or telephone call. Out of the total primary respondents, 30% were from North America, 24% were from Europe, 33% were from the Asia Pacific, and the rest of the respondents were from Latin America and MEA
After the secondary research, primary research was used to derive and estimate market numbers for mentioned segments/sub-segments in the Automotive Metal Forming market. During the primary data collection process, the secondary data was analyzed and revalidated through exhaustive primary research. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end0use industry, and estimate future trends within the market.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Automotive Metal Forming market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statistics and future market trends.
Frequently Asked Questions
the global demand for Automotive Metal Forming
in terms of revenue?
The global Automotive Metal Forming valued at 178.23 Billion in 2020 and is expected to reach 213.58 Billion in 2028 growing at a CAGR of 4.27%%
are the prominent players
in the market?
The prominent players in the market are Hirotec Corporation, Multimatic Corporation, AES Automotive Company Pvt. Ltd., Benteler International AG, Quintus Technologies AB, Mills Products Incorporated, VNT Automotive GmbH, Kaizen Metal Forming Pvt Ltd., CIE Automotive SA, Aisin Seiki Co. Ltd., Vari-Form Corporation, Tower International, Toyota Boshoku Corporation, Kirchhoff Group, Superform Aluminium..
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 4.27%% between 2021 and 2028.
the driving factors
fueling the growth of the market.
The driving factors of the Automotive Metal Forming include
- The increased fuel economy and emission regulation is anticipated to augment the growth of the market. Most of the OEMs have increased the use of lightweight materials such as aluminum and composites in order to reduce fuel consumption since they consume low energy during acceleration. The proper selection of design, material, manufacturing, and assembly will result in required light weighting. Aluminum is considered as one of the most efficient lightweight materials in the automotive industry and is manufactured by forming techniques; this inclination of weight reduction will drive the automotive metal forming market.
- The rising sale of electric and hybrid electric vehicle (HEV) market is expected to augment the growth of the automotive metal forming market. This is owing to the rising concerns of global warming and air pollution and government support to reduce air pollution are driving the BEV market. Furthermore, better fuel efficiency, increased driving range, and lower greenhouse gas emissions are driving the growth of the HEV market.
region accounted for the
largest share in the market?
Asia Pacific was the leading regional segment of the Automotive Metal Forming in 2020.