Metal Forming Market

Metal Forming Market for Automotive by Technique (Roll, Stretch, Stamping, Deep Drawing, Hydroforming), Type (Hot, warm and Cold), Application (BIW, Chassis, Closure), Material (Steel, Aluminum, Magnesium), Vehicle (ICE & Electric) - Global Forecast to 2025

Report Code: AT 6546 Jun, 2020, by marketsandmarkets.com

[215 Pages Report] The global metal forming market for automotive size was valued at USD 172.5 billion in 2020 and is expected to reach USD 202.2 billion by 2025 at a CAGR of 3.2 % during the forecast period 2020-2025. The driving factors for market include the growing vehicle production and the increasing trend of vehicle light weighting.

Metal Forming Market for Automotive

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Market Dynamics:

Driver : Stringent emission and fuel economy regulations for lightweight materials

Due to stringent fuel economy and emission regulations, OEMs have increased the use of lightweight materials such as aluminum and composites, which reduce fuel consumption as they consume low energy during acceleration. Multi-material designs, along with a combination of HSS, magnesium, composites, aluminum, and other materials, use a systematic approach to apply their best properties appropriately in a vehicle. Efficient design, material selection, manufacturing, and assembly result in effective light weighting.

The most widely adopted metal forming method for the given lightweight materials will compete in cost with powertrain efficiency measures and regulations. As aluminum is one of the most preferred lightweight materials in the automotive industry and is manufactured by forming techniques, the trend of weight reduction will drive the metal forming market.

Restraint: Increasing usage of composites in automotive applications

The automotive industry in the US is focusing on weight reduction by replacing some metal-formed components with composite material and plastics. As per the MarketsandMarkets repository, plastic use in vehicles is expected to grow by 70-75% in the next 5 years. OEMs are adopting new materials to reduce the overall weight of their vehicles to comply with government regulations and achieve better fuel efficiency. For instance, bumpers, side fenders, and trunk closures were manufactured using metals sheets and forming techniques. However, they are now manufactured using plastics and composites. This trend might affect the metal forming market for automotive. However, the impact will be limited.

Opportunity: Growing sales of electric and hybrid vehicles

The global battery electric vehicle (BEV) and hybrid electric vehicle (HEV) market is growing rapidly. Factors such as rising concerns about global warming and air pollution and government support to reduce air pollution are driving the BEV market. The growth of the HEV market is driven by factors such as better fuel efficiency, increased driving range, fast refueling, and lower greenhouse gas and air pollutant emissions. Because of such advantages over ICE vehicles, BEVs and HEVs are widely accepted across the globe. There is no such difference in manufacturing techniques of electric and hybrid vehicles. The manufacturing process of BIW and closure-related parts remains the same; hence, existing players in the metal forming market can leverage this opportunity.

Challenges: High capital investments for new entrants to set up metal forming process

High initial investment is required to set up a manufacturing unit with the required capabilities to provide quality and customized solutions to customers. Adequate training and operating conditions are required to carry out the metal forming process. With the help of automation, forming process efficiency can be improved; however, it may act as an additional cost liability for manufacturers. The manufacturers may also be required to change their production set up as per the requirements of automakers. Metal forming requires a substantial initial investment and has higher operating expenses such as labor and process automation. High initial and operating expenses may act as a major challenge for new entrants in the metal forming market for automotive.

Ecosystem Analysis:

Metal Forming Market for Automotive by Region

Aluminum is expected to show the fastest growth over the forecast period, by material type.

Aluminum 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.

By techniques type, stamping is expected to be the largest market over the forecast period

Stamping is one of the most common forming techniques used in the automotive industry. In the automotive industry, many structural components are manufactured through the stamping process. These include closures (doors, hood, and truck) and components of BIW such as A pillar, B pillar, cross beam, and roof liner. Because of such wide application and being the most cost-effective forming technique, stamping is expected to hold the largest market.

Cold forming market is estimated to be the largest market in forming type segment

Cold forming expected to maintain its position in the metal forming market for automotive. As cold forming is one of the most conventional manufacturing processes in which components are formed using different types of forming techniques at room temperature and do not require any additional handling and carrying. Because of this, the overall cost of the cold forming process is low as compared to the hot forming process. Owing to such cost advantages, cold forming is still the major preference of OEMs across the globe.

Asia Oceania is estimated to account for the largest market share in metal forming market for automotive.

Because of large vehicle production in the Asia Oceania region, it is estimated to be the largest metal forming market for automotive over the forecast period. China, India, Japan, South Korea, and others are considered under the Asia Oceania region for this study. China is the largest contributor in terms of vehicle production for the Asia Oceania region. Out of the total vehicle production, China contributed approximately 24.9% in 2019. Japan is the second largest vehicle producing country and contributes approximately 8.4% to the global vehicle production. In addition to vehicle production, the trend of vehicle light weighting is also expected to drive this market.

The recent COVID-19 pandemic is expected to impact the global automotive industry. The entire supply chain is disrupted due to limited supply of parts. For instance, UK, France and Spain, which accounts for significant vehicle sales in Europe, is severely impacted by pandemic. Tier 1 suppliers around the globe have placed production lines on halt or shut them down completely. Also, legal and trade restrictions, such as sealed borders, increase the shortage of required parts. Such disruptions in supply chain is expected to affect the assembly of OEMs in Europe and North America.

Metal Forming Market for Automotive by Region

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Key Market Players

Metal forming market for automotive is dominated by manufacturers such as Magna (Canada), Benteler (Germany), Tower International (UK), Toyota Boshoku (Japan), Aisin Seiki (Japan). Most of the manufacturers are undertaking inorganic developments such as expansion, joint venture, and supply contract. The key strategies adopted by these companies to sustain their market position are new product developments, collaborations, and contracts & agreements.

Scope of the Report:

Report Metric

Details

Market Revenue in 2020

USD 172.5 billion

Estimated Value by 2025

USD 202.2 billion

Growth Rate

Poised to grow at a CAGR of 3.2%

Market Segmentation

By Application, by forming, by technique, By Vehicle, By EV, By Component & by Region

Market Driver

Stringent emission and fuel economy regulations for lightweight materials

Market Opportunity

Growing sales of electric and hybrid vehicles

Geographies covered

North America, Europe, Asia Pacific, and Rest of the World

Global Metal Forming Market, By Technique Type

  • Roll Forming
  • Stretch Forming
  • Stamping
  • Deep Drawing
  • Hydroforming
  • Others

Global Metal Forming Market, By Application Type

  • BIW
  • Chassis
  • Closures
  • Others

Global Metal Forming Market, By Electric & Hybrid Vehicle Type

  • Fuel Cell Electric Vehicle (FCEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)
  • Battery Electric Vehicle (BEV)

Global Metal Forming Market, By ICE Vehicle Type

  • Passenger Car
  • LCV
  • Truck
  • Bus

Global Metal Forming Market, By Forming Type

  • Cold Forming
  • Hot Forming
  • Warm Forming

Global Metal Forming Market, By Material Type

  • Steel
  • Aluminum
  • Magnesium
  • Others

Global Metal Forming Market, By Region

  • North America
  • Asia Oceania
  • Europe
  • South America
  • Middle East and Africa

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 32)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 MARKET SEGMENTATION: METAL FORMING MARKET FOR AUTOMOTIVE
           1.3.2 YEARS CONSIDERED FOR THE STUDY
    1.4 PACKAGE SIZE
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH DATA
                    FIGURE 2 METAL FORMING MARKET FOR AUTOMOTIVE: RESEARCH DESIGN
                    FIGURE 3 RESEARCH DESIGN MODEL
    2.2 SECONDARY DATA
           2.2.1 KEY SECONDARY SOURCES FOR VEHICLE PRODUCTION
           2.2.2 KEY SECONDARY SOURCES FOR MARKET SIZING
           2.2.3 KEY DATA FROM SECONDARY SOURCES
    2.3 PRIMARY DATA
                    FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
           2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS
           2.3.2 PRIMARY PARTICIPANTS
    2.4 MARKET SIZE ESTIMATION
           2.4.1 BOTTOM-UP APPROACH
                    FIGURE 5 MARKET: BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
                    FIGURE 6 MARKET, BY METAL: TOP-DOWN APPROACH
    2.5 MARKET BREAKDOWN AND DATA TRIANGULATION
                    FIGURE 7 DATA TRIANGULATION
    2.6 ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 45)
                    FIGURE 8 METAL FORMING MARKET FOR AUTOMOTIVE: MARKET OUTLOOK
                    FIGURE 9 COVID-19 IMPACT ON MARKET
                               FIGURE 10 MARKET, BY REGION, 2020 VS. 2025 (USD BILLION)
                               FIGURE 11 CORE COMPETENCY, BY COMPANY

4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE OPPORTUNITIES IN MARKET
                               FIGURE 12 TREND OF VEHICLE LIGHT WEIGHTING TO DRIVE MARKET
    4.2 MARKET, BY FORMING TYPE
                               FIGURE 13 COLD FORMING SEGMENT TO DOMINATE OVER THE FORECAST PERIOD (USD BILLION)
    4.3 MARKET, BY TECHNIQUE
                               FIGURE 14 STAMPING TO BE DOMINANT METAL FORMING TECHNIQUE OVER THE FORECAST PERIOD (USD BILLION)
    4.4 MARKET, BY MATERIAL
                               FIGURE 15 STEEL TO BE LARGEST MATERIAL MARKET OVER THE FORECAST PERIOD (USD BILLION)
    4.5 MARKET, BY APPLICATION
                               FIGURE 16 BIW TO DOMINATE AS METAL FORMING APPLICATION OVER THE FORECAST PERIOD (USD BILLION)
    4.6 MARKET, BY VEHICLE TYPE
                               FIGURE 17 PASSENGER CARS TO HOLD LARGEST MARKET SHARE OVER THE FORECAST PERIOD (USD BILLION)
    4.7 MARKET, BY ELECTRIC & HYBRID VEHICLE
                               FIGURE 18 BEV ESTIMATED TO LEAD THE MARKET OVER THE FORECAST PERIOD (USD BILLION)

5 MARKET OVERVIEW (Page No. - 53)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
                               FIGURE 19 METAL FORMING MARKET FOR AUTOMOTIVE: MARKET DYNAMICS
                    TABLE 1 IMPACT ANALYSIS: METAL FORMING FOR AUTOMOTIVE MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Rising global vehicle production and growing commercial vehicle demand
                               FIGURE 20 GLOBAL VEHICLE PRODUCTION, BY VEHICLE TYPE, 2020-2025 (MILLION UNITS)
                    5.2.1.2 Stringent emission and fuel economy regulations for lightweight materials
                               FIGURE 21 GLOBAL EMISSION REGULATIONS, BY COUNTRY, 2014-2025
           5.2.2 RESTRAINTS
                    5.2.2.1 Increasing usage of composites in automotive applications
                    TABLE 2 US: FUTURE WEIGHT REDUCTION TARGETS, BY COMPONENT, 2025 VS. 2050
                    TABLE 3 PLASTIC USE IN VEHICLES
           5.2.3 OPPORTUNITY
                    5.2.3.1 Growing sales of electric and hybrid vehicles
                               FIGURE 22 BEV & HEV SALES: 2018 VS. 2020 VS. 2025
                    5.2.3.2 Increasing adoption of hydroforming techniques
           5.2.4 CHALLENGES
                    5.2.4.1 High capital investments for new entrants to set up metal forming process
    5.3 ECOSYSTEM ANALYSIS
                               FIGURE 23 MARKET: ECOSYSTEM
    5.4 COVID-19 IMPACT ON METAL FORMING MARKET
                               FIGURE 24 MARKET: PRE-COVID-19 VS. POST COVID -19

6 TECHNOLOGICAL OVERVIEW (Page No. - 63)
    6.1 INTRODUCTION
    6.2 ADVANTAGES OF METAL FORMING TECHNIQUES OVER OTHER TECHNIQUES
    6.3 TYPES OF FORMING TECHNIQUES
           6.3.1 ROLL FORMING
                               FIGURE 25 ROLL FORMING PROCESS
           6.3.2 STRETCH FORMING
                               FIGURE 26 STRETCH FORMING PROCESS
           6.3.3 DEEP DRAWING
                               FIGURE 27 DEEP DRAWING PROCESS
           6.3.4 STAMPING
                               FIGURE 28 STAMPING PROCESS
           6.3.5 HOT FORMING
                               FIGURE 29 HOT FORMING PROCESS
           6.3.6 HYDROFORMING
                               FIGURE 30 HYDROFORMING PROCESS
    6.4 HYDROFORMING: THE FUTURE OF AUTOMOTIVE FORMING
           6.4.1 ADVANTAGES OF HYDROFORMING
    6.5 ADDITIVE MANUFACTURING
           6.5.1 ADVANTAGES OF ADDITIVE MANUFACTURING
           6.5.2 DISADVANTAGES OF ADDITIVE MANUFACTURING

7 METAL FORMING MARKET FOR AUTOMOTIVE, BY TECHNIQUE (Page No. - 70)
    7.1 INTRODUCTION
                               FIGURE 31 MARKET, BY TECHNIQUE, 2020 VS. 2025 (USD BILLION)
                    TABLE 4 MARKET, BY TECHNIQUE, 2017–2025 (MILLION TON)
                    TABLE 5 MARKET, BY TECHNIQUE, 2017–2025 (USD BILLION)
           7.1.1 RESEARCH METHODOLOGY
           7.1.2 ASSUMPTIONS
                    TABLE 6 ASSUMPTIONS: BY TECHNIQUE
           7.1.3 KEY PRIMARY INSIGHTS
                               FIGURE 32 KEY PRIMARY INSIGHTS
    7.2 ROLL FORMING
           7.2.1 HIGHEST VEHICLE PRODUCTION WILL DRIVE ASIA OCEANIA’S THE MARKET FOR ROLL FORMING
                    TABLE 7 ROLL FORMING: MARKET, BY REGION, 2017–2025 (MILLION TON)
                    TABLE 8 ROLL FORMING: MARKET, BY REGION, 2017–2025 (USD BILLION)
    7.3 STRETCH FORMING
           7.3.1 LOW COST OF STRETCH FORMING PROCESS DRIVES PRICE-SENSITIVE ASIA OCEANIA MARKET
                    TABLE 9 STRETCH FORMING: MARKET, BY REGION, 2017–2025 (MILLION TON)
                    TABLE 10 STRETCH FORMING: MARKET, BY REGION, 2017–2025 (USD BILLION)
    7.4 DEEP DRAWING
           7.4.1 USE OF PLASTICS & COMPOSITES IN COMPONENTS HAMPERS DEEP DRAWING SEGMENT IN EUROPE AND NORTH AMERICA
                    TABLE 11 DEEP DRAWING: MARKET, BY REGION, 2017–2025 (MILLION TON)
                    TABLE 12 DEEP DRAWING: MARKET, BY REGION, 2017–2025 (USD BILLION)
    7.5 STAMPING
           7.5.1 WIDE USE OF STAMPING DRIVES ITS DOMINANCE IN MARKET
                    TABLE 13 STAMPING: MARKET, BY REGION, 2017–2025 (MILLION TON)
                    TABLE 14 STAMPING: MARKET, BY REGION, 2017–2025 (USD BILLION)
    7.6 HYDROFORMING
           7.6.1 DEMAND FOR BETTER SURFACE QUALITY DRIVES THE MARKET FOR HYDROFORMING TECHNIQUE
                    TABLE 15 HYDROFORMING: MARKET, BY REGION, 2017–2025 (MILLION TON)
                    TABLE 16 HYDROFORMING: MARKET, BY REGION, 2017–2025 (USD BILLION)
    7.7 OTHERS
                    TABLE 17 OTHER TECHNIQUES: MARKET, BY REGION, 2017–2025 (MILLION TON)
                    TABLE 18 OTHER TECHNIQUES: MARKET, BY REGION, 2017–2025 (USD BILLION)

8 METAL FORMING MARKET FOR AUTOMOTIVE, BY FORMING TYPE (Page No. - 80)
    8.1 INTRODUCTION
                               FIGURE 33 MARKET, BY FORMING TYPE, 2020 VS. 2025 (USD BILLION)
                    TABLE 19 MARKET, BY FORMING TYPE, 2017–2025 (MILLION TON)
                    TABLE 20 MARKET, BY FORMING TYPE, 2017–2025 (USD BILLION)
           8.1.1 RESEARCH METHODOLOGY
           8.1.2 ASSUMPTIONS
                    TABLE 21 ASSUMPTIONS: BY FORMING TYPE
           8.1.3 KEY PRIMARY INSIGHTS
                               FIGURE 34 KEY PRIMARY INSIGHTS
    8.2 COLD FORMING
           8.2.1 COLD FORMING TO REMAIN MOST PROMINENT AND ECONOMICAL METHOD OF FORMING FOR AUTOMOTIVE PARTS
                    TABLE 22 COLD FORMING: MARKET, BY REGION, 2017–2025 (MILLION TON)
                    TABLE 23 COLD FORMING: MARKET, BY REGION, 2017–2025 (USD BILLION)
    8.3 HOT FORMING
           8.3.1 INCREASING DEMAND FOR BETTER-QUALITY AUTOMOTIVE COMPONENTS TO DRIVE HOT FORMING SEGMENT
                    TABLE 24 HOT FORMING: MARKET, BY REGION, 2017–2025 (MILLION TON)
                    TABLE 25 HOT FORMING: MARKET, BY REGION, 2017–2025 (USD BILLION)
    8.4 WARM FORMING
           8.4.1 ADVANTAGES OVER HOT AND COLD FORMING PROPEL DEMAND FOR WARM FORMING METHOD
                    TABLE 26 WARM FORMING: MARKET, BY REGION, 2017–2025 (MILLION TON)
                    TABLE 27 WARM FORMING: MARKET, BY REGION, 2017–2025 (USD BILLION)

9 METAL FORMING MARKET FOR AUTOMOTIVE, BY APPLICATION (Page No. - 87)
    9.1 INTRODUCTION
                               FIGURE 35 MARKET, BY APPLICATION, 2020 VS. 2025 (USD BILLION)
                    TABLE 28 MARKET, BY APPLICATION, 2017–2025 (MILLION TON)
                    TABLE 29 MARKET, BY APPLICATION, 2017–2025 (USD BILLION)
           9.1.1 RESEARCH METHODOLOGY
           9.1.2 ASSUMPTIONS
                    TABLE 30 ASSUMPTIONS: BY APPLICATION
           9.1.3 KEY PRIMARY INSIGHTS
                               FIGURE 36 KEY PRIMARY INSIGHTS
    9.2 BIW
                    TABLE 31 EC AND EUCAR - SUPER LIGHT-CAR (SLC) PROJECT
           9.2.1 BIW SEGMENT TO BE DRIVEN BY HIGH VEHICLE PRODUCTION IN ASIA OCEANIA
                    TABLE 32 BIW: MARKET, BY REGION, 2017–2025 (MILLION TON)
                    TABLE 33 BIW: MARKET, BY REGION, 2017–2025 (USD BILLION)
    9.3 CHASSIS
           9.3.1 DEMAND FOR LIGHTWEIGHTING OF LCVS AND COMMERCIAL VEHICLES INFLUENCES DEMAND FOR CHASSIS IN NORTH AMERICA
                    TABLE 34 CHASSIS: MARKET, BY REGION, 2017–2025 (MILLION TON)
                    TABLE 35 CHASSIS: MARKET, BY REGION, 2017–2025 (USD BILLION)
    9.4 CLOSURES
           9.4.1 NORTH AMERICA TO WITNESS HIGHEST GROWTH RATE FOR CLOSURES
                    TABLE 36 CLOSURES: MARKET, BY REGION, 2017–2025 (MILLION TON)
                    TABLE 37 CLOSURES: MARKET, BY REGION, 2017–2025 (USD BILLION)
    9.5 OTHERS
           9.5.1 DEMAND FOR ASTATIC FEATURES TO DRIVE DEMAND FOR OTHER APPLICATIONS IN NORTH AMERICA
                    TABLE 38 OTHER APPLICATIONS: MARKET, BY REGION, 2017–2025 (MILLION TON)
                    TABLE 39 OTHER APPLICATIONS: MARKET, BY REGION, 2017–2025 (USD BILLION)

10 METAL FORMING MARKET FOR AUTOMOTIVE, BY MATERIAL (Page No. - 96)
     10.1 INTRODUCTION
                       TABLE 40 AVERAGE MASS REDUCTION WITH THE USE OF LIGHTWEIGHT MATERIALS (%)
            FIGURE 37 MARKET, BY MATERIAL, 2020 VS. 2025
                       TABLE 41 MARKET, BY MATERIAL, 2017–2025 (MILLION TON)
                       TABLE 42 MARKET, BY MATERIAL, 2017–2025 (USD BILLION)
             10.1.1 RESEARCH METHODOLOGY
             10.1.2 ASSUMPTIONS
                       TABLE 43 ASSUMPTIONS: BY MATERIAL
             10.1.3 KEY PRIMARY INSIGHTS
            FIGURE 38 KEY PRIMARY INSIGHTS
     10.2 STEEL
             10.2.1 MARGINAL DECLINE IN ADOPTION OF STEEL LIKELY, OWING TO TREND OF MULTI-MATERIAL BODY
                       TABLE 44 STEEL: MARKET, BY REGION, 2017–2025 (MILLION TON)
                       TABLE 45 STEEL: MARKET, BY REGION, 2017–2025 (USD BILLION)
     10.3 ALUMINUM
             10.3.1 ALUMINUM TO GAIN PROMINENCE AS MATERIAL OF CHOICE FOR BIW DURING FORECAST PERIOD
                       TABLE 46 ALUMINUM: MARKET, BY REGION, 2017–2025 (MILLION TON)
                       TABLE 47 ALUMINUM: MARKET, BY REGION, 2017–2025 (USD BILLION)
     10.4 MAGNESIUM
             10.4.1 DRIVEN BY COLLABORATIONS BETWEEN OEMS AND TIER 1 R&D, ADOPTION OF MAGNESIUM TO INCREASE
                       TABLE 48 MAGNESIUM: MARKET, BY REGION, 2017–2025 (‘000 TON)
                       TABLE 49 MAGNESIUM: MARKET, BY REGION, 2017–2025 (USD BILLION)
     10.5 OTHERS
             10.5.1 ASIA OCEANIA TO GROW AT HIGHEST CAGR FOR OTHER MATERIALS
                       TABLE 50 OTHER MATERIALS: MARKET, BY REGION, 2017–2025 (‘000 TON)
                       TABLE 51 OTHER MATERIALS: MARKET, BY REGION, 2017–2025 (USD BILLION)

11 METAL FORMING MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE (Page No. - 105)
     11.1 INTRODUCTION
            FIGURE 39 MARKET, BY VEHICLE TYPE, 2020 VS. 2025 (USD BILLION)
                       TABLE 52 MARKET, BY VEHICLE TYPE, 2017–2025 (MILLION TON)
                       TABLE 53 MARKET, BY VEHICLE TYPE, 2017–2025 (USD BILLION)
             11.1.1 RESEARCH METHODOLOGY
             11.1.2 ASSUMPTIONS
                       TABLE 54 ASSUMPTIONS: BY VEHICLE TYPE
             11.1.3 KEY PRIMARY INSIGHTS
            FIGURE 40 KEY PRIMARY INSIGHTS
     11.2 PASSENGER CARS
             11.2.1 HIGH VEHICLE PRODUCTION IN ASIA PACIFIC A RESULT OF INCREASED MOBILITY NEEDS IN CHINA AND INDIA
                       TABLE 55 PASSENGER CARS: MARKET, BY REGION, 2017–2025 (MILLION TON)
                       TABLE 56 PASSENGER CARS: MARKET, BY REGION, 2017–2025 (USD BILLION)
     11.3 LIGHT COMMERCIAL VEHICLES (LCV)
             11.3.1 INCREASING DEMAND FOR LAST-MILE DELIVERY TO INCREASE DEMAND FOR LCVS IN NORTH AMERICA
                       TABLE 57 LCV: MARKET, BY REGION, 2017–2025 (MILLION TON)
                       TABLE 58 LCV: MARKET, BY REGION, 2017–2025 (USD BILLION)
     11.4 TRUCKS
             11.4.1 STRINGENT EMISSION NORMS TO RESULT IN SHIFT TO LIGHTWEIGHT SOLUTIONS FOR METAL FORMING IN TRUCKS
                       TABLE 59 TRUCKS: MARKET, BY REGION, 2017–2025 (MILLION TON)
                       TABLE 60 TRUCKS: MARKET, BY REGION, 2017–2025 (USD BILLION)
     11.5 BUSES
             11.5.1 INCREASING TREND OF INTER AND INTRA CITY TRAVEL SPURS DEMAND FOR BUSES
                       TABLE 61 BUSES: MARKET, BY REGION, 2017–2025 (MILLION TON)
                       TABLE 62 BUSES: MARKET, BY REGION, 2017–2025 (USD BILLION)

12 METAL FORMING MARKET FOR ELECTRIC AND HYBRID VEHICLES, BY VEHICLE TYPE (Page No. - 115)
     12.1 INTRODUCTION
            FIGURE 41 MARKET, BY VEHICLE TYPE, 2020 VS. 2025 (USD BILLION)
                       TABLE 63 MARKET, BY VEHICLE TYPE, 2017–2025 (000’ TON)
                       TABLE 64 MARKET, BY VEHICLE TYPE, 2017–2025 (USD BILLION)
             12.1.1 RESEARCH METHODOLOGY
             12.1.2 ASSUMPTIONS
                       TABLE 65 ASSUMPTIONS: BY ELECTRIC AND HYBRID VEHICLE TYPE
             12.1.3 KEY PRIMARY INSIGHTS
            FIGURE 42 KEY PRIMARY INSIGHTS
     12.2 BEV
                       TABLE 66 TOP SELLING MODELS OF BEV
             12.2.1 INCREASING DEMAND FOR EMISSION-FREE VEHICLES STIMULATES MARKET FOR BEV METAL FORMING
                       TABLE 67 BEV: MARKET, BY REGION, 2017–2025 (000’ TON)
                       TABLE 68 BEV: MARKET, BY REGION, 2017–2025 (USD BILLION)
     12.3 PHEV
             12.3.1 INCREASING ADOPTION OF LOW-EMISSION VEHICLES PROPELS PHEV MARKET
                       TABLE 69 PHEV: MARKET, BY REGION, 2017 -2025 (000’ TON)
                       TABLE 70 PHEV: MARKET, BY REGION, 2017–2025 (USD BILLION)
     12.4 FCEV
             12.4.1 ASIA PACIFIC TO DOMINATE MARKET FOR FCEV
                       TABLE 71 FCEV: MARKET, BY REGION, 2017–2025 (000’ TON)
                       TABLE 72 FCEV: MARKET, BY REGION, 2017–2025 (USD MILLION)

13 METAL FORMING MARKET FOR AUTOMOTIVE, BY REGION (Page No. - 122)
     13.1 INTRODUCTION
            FIGURE 43 MARKET, BY REGION, 2020 VS. 2025 (USD BILLION)
                       TABLE 73 MARKET, BY REGION, 2017–2025 (MILLION TON)
                       TABLE 74 MARKET, BY REGION, 2017–2025 (USD BILLION)
     13.2 ASIA OCEANIA
             13.2.1 IMPACT OF COVID-19 ON ASIA OCEANIA MARKET
            FIGURE 44 ASIA OCEANIA MARKET: PRE-COVID-19 VS. POST-COVID-19 SCENARIO
                       TABLE 75 ASIA PACIFIC: MARKET, PRE-COVID-19 VS. POST-COVID-19 SCENARIO (USD BILLION)
            FIGURE 45 ASIA OCEANIA: MARKET SNAPSHOT
            FIGURE 46 ASIA OCEANIA: MARKET, BY COUNTRY, 2020 VS. 2025 (USD BILLION)
                       TABLE 76 ASIA OCEANIA: MARKET, BY COUNTRY, 2017–2025 (MILLION TON)
                       TABLE 77 ASIA OCEANIA: MARKET, BY COUNTRY, 2017–2025 (USD BILLION)
             13.2.2 CHINA
                       13.2.2.1 Roll forming to account for largest market share in China
                       TABLE 78 CHINA: MARKET, BY TECHNIQUE, 2017–2025 (MILLION TON)
                       TABLE 79 CHINA: MARKET, BY TECHNIQUE, 2017–2025 (USD BILLION)
             13.2.3 INDIA
                       13.2.3.1 Increasing production of mid-level cars to drive demand for hydroforming in India
                       TABLE 80 INDIA: MARKET, BY TECHNIQUE, 2017–2025 (MILLION TON)
                       TABLE 81 INDIA: MARKET, BY TECHNIQUE, 2017–2025 (USD BILLION)
             13.2.4 JAPAN
                       13.2.4.1 Mature automotive market in Japan to witness slow growth in forecast period
                       TABLE 82 JAPAN: MARKET, BY TECHNIQUE, 2017–2025 (MILLION TON)
                       TABLE 83 JAPAN: MARKET, BY TECHNIQUE, 2017–2025 (USD BILLION)
             13.2.5 SOUTH KOREA
                       13.2.5.1 Stamping to dominate the market in South Korea
                       TABLE 84 SOUTH KOREA: ARKET, BY TECHNIQUE, 2017–2025 (MILLION TON)
                       TABLE 85 SOUTH KOREA: MARKET, BY TECHNIQUE, 2017–2025 (USD BILLION)
             13.2.6 THAILAND
                       13.2.6.1 Market in Thailand to witness slow growth in forecast period
                       TABLE 86 THAILAND: MARKET, BY TECHNIQUE, 2017–2025 (MILLION TON)
                       TABLE 87 THAILAND: MARKET, BY TECHNIQUE, 2017–2025 (USD BILLION)
             13.2.7 REST OF ASIA OCEANIA
                       13.2.7.1 Countries such as Indonesia boost demand for hydroforming in the Rest of Asia Oceania
                       TABLE 88 REST OF ASIA OCEANIA: MARKET , BY TECHNIQUE, 2017–2025 (MILLION TON)
                       TABLE 89 REST OF ASIA OCEANIA: MARKET, BY TECHNIQUE, 2017–2025 (USD BILLION)
     13.3 EUROPE
             13.3.1 IMPACT OF COVID-19 ON THE EUROPEAN MARKET
            FIGURE 47 EUROPEAN MARKET: PRE-COVID-19 VS. POST-COVID-19 SCENARIO
                       TABLE 90 EUROPE: MARKET, PRE-COVID-19 VS. POST-COVID-19 SCENARIO (USD BILLION)
            FIGURE 48 EUROPE: MARKET SNAPSHOT
            FIGURE 49 EUROPE: MARKET, BY COUNTRY, 2020 VS. 2025 (USD BILLION)
                       TABLE 91 EUROPE: MARKET, BY COUNTRY, 2017–2025 (MILLION TON)
                       TABLE 92 EUROPE: MARKET, BY COUNTRY, 2017–2025 (USD BILLION)
             13.3.2 FRANCE
                       13.3.2.1 Trend of lightweighting hampers growth of deep drawing segment in France
                       TABLE 93 FRANCE: MARKET, BY TECHNIQUE, 2017–2025 (MILLION TON)
                       TABLE 94 FRANCE: MARKET, BY TECHNIQUE, 2017–2025 (USD BILLION)
             13.3.3 GERMANY
                       13.3.3.1 Germany – Europe’s vehicle manufacturing hub to account for largest share in metal forming market
                       TABLE 95 GERMANY: MARKET, BY TECHNIQUE, 2017–2025 (MILLION TON)
                       TABLE 96 GERMANY: MARKET, BY TECHNIQUE, 2017–2025 (USD BILLION)
             13.3.4 RUSSIA
                       13.3.4.1 Stamping to hold largest share of metal forming market in Russia
                       TABLE 97 RUSSIA: MARKET, BY TECHNIQUE, 2017–2025 (MILLION TON)
                       TABLE 98 RUSSIA: MARKET, BY TECHNIQUE, 2017–2025 (USD BILLION)
             13.3.5 SPAIN
                       13.3.5.1 Lightweighting trend to boost demand for hydroforming in Spain
                       TABLE 99 SPAIN: MARKET, BY TECHNIQUE, 2017–2025 (MILLION TON)
            TABLE 100 SPAIN: MARKET, BY TECHNIQUE, 2017–2025 (USD BILLION)
             13.3.6 TURKEY
                       13.3.6.1 Turkey projected to be fastest-growing market in Europe
            TABLE 101 TURKEY: MARKET, BY TECHNIQUE, 2017–2025 (MILLION TON)
            TABLE 102 TURKEY: MARKET, BY TECHNIQUE, 2017–2025 (USD BILLION)
             13.3.7 UK
                       13.3.7.1 Stamping estimated to account for largest share, followed by roll forming in the UK
            TABLE 103 UK: MARKET, BY TECHNIQUE, 2017–2025 (MILLION TON)
            TABLE 104 UK: MARKET, BY TECHNIQUE, 2017–2025 (USD BILLION)
             13.3.8 REST OF EUROPE
                       13.3.8.1 Demand from high-income Nordic countries to drive demand for hydroforming in forecast period
            TABLE 105 REST OF EUROPE: MARKET, BY TECHNIQUE, 2017–2025 (MILLION TON)
            TABLE 106 REST OF EUROPE: MARKET, BY TECHNIQUE, 2017–2025 (USD BILLION)
     13.4 NORTH AMERICA
             13.4.1 IMPACT OF COVID-19 ON NORTH AMERICAN MARKET
            FIGURE 50 NORTH AMERICAN MARKET: PRE-COVID-19 VS. POST-COVID-19 SCENARIO
            TABLE 107 NORTH AMERICA: MARKET, PRE-COVID-19 VS. POST-COVID-19 SCENARIO (USD BILLION)
            FIGURE 51 NORTH AMERICA: MARKET SNAPSHOT
            FIGURE 52 NORTH AMERICA: MARKET, BY COUNTRY, 2020 VS. 2025 (USD BILLION)
            TABLE 108 NORTH AMERICA: MARKET, BY COUNTRY, 2017–2025 (MILLION TON)
            TABLE 109 NORTH AMERICA: MARKET, BY COUNTRY, 2017–2025 (USD BILLION)
             13.4.2 CANADA
                       13.4.2.1 Stringent emission standards to drive demand for hydroforming in Canada
            TABLE 110 CANADA: MARKET, BY TECHNIQUE, 2017–2025 (MILLION TON)
            TABLE 111 CANADA: MARKET, BY TECHNIQUE, 2017–2025 (USD BILLION)
             13.4.3 MEXICO
                       13.4.3.1 Increasing demand for mobility to drive Mexican market for vehicles, and subsequently metal forming
            TABLE 112 MEXICO: MARKET, BY TECHNIQUE, 2017–2025 (MILLION TON)
            TABLE 113 MEXICO: MARKET, BY TECHNIQUE, 2017–2025 (USD BILLION)
             13.4.4 US
                       13.4.4.1 US estimated to account for largest market share in North America
            TABLE 114 US: MARKET, BY TECHNIQUE, 2017–2025 (MILLION TON)
            TABLE 115 US: MARKET, BY TECHNIQUE, 2017–2025 (USD BILLION)
     13.5 SOUTH AMERICA
            FIGURE 53 SOUTH AMERICA: MARKET, BY COUNTRY, 2020 VS. 2025 (USD BILLION)
             13.5.1 IMPACT OF COVID-19 ON SOUTH AMERICAN MARKET
            FIGURE 54 SOUTH AMERICAN MARKET: PRE-COVID-19 VS. POST-COVID-19 SCENARIO
            TABLE 116 SOUTH AMERICA: MARKET, PRE-COVID-19 VS. POST-COVID-19 SCENARIO (USD BILLION)
            TABLE 117 SOUTH AMERICA: MARKET, BY COUNTRY, 2017–2025 (MILLION TON)
            TABLE 118 SOUTH AMERICA: MARKET, BY COUNTRY, 2017–2025 (USD BILLION)
             13.5.2 BRAZIL
                       13.5.2.1 Brazil estimated to record fastest growth and account for largest share in the region
            TABLE 119 BRAZIL: MARKET, BY TECHNIQUE, 2017–2025 (MILLION TON)
            TABLE 120 BRAZIL: MARKET, BY TECHNIQUE, 2017–2025 (USD BILLION)
             13.5.3 ARGENTINA
                       13.5.3.1 Emission regulations in Argentina to drive market for hydroforming
            TABLE 121 ARGENTINA: MARKET, BY TECHNIQUE, 2017–2025 (MILLION TON)
            TABLE 122 ARGENTINA: MARKET, BY TECHNIQUE, 2017–2025 (USD BILLION)
     13.6 MIDDLE EAST & AFRICA
            FIGURE 55 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2020 VS. 2025 (USD BILLION)
             13.6.1 IMPACT OF COVID-19 ON MIDDLE EAST & AFRICA MARKET
            FIGURE 56 MIDDLE EAST & AFRICA MARKET: PRE-COVID-19 VS. POST-COVID-19 SCENARIO
            TABLE 123 MIDDLE EAST & AFRICA: MARKET, PRE-COVID-19 VS. POST-COVID-19 SCENARIO (USD BILLION)
            TABLE 124 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2017–2025 (MILLION TON)
            TABLE 125 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2017–2025 (USD BILLION)
             13.6.2 IRAN
                       13.6.2.1 Debt-ridden automotive industry in Iran to witness flat growth in forecast period
            TABLE 126 IRAN: MARKET, BY TECHNIQUE, 2017–2025 (000’ TON)
            TABLE 127 IRAN: MARKET, BY TECHNIQUE, 2017–2025 (USD MILLION)
             13.6.3 SOUTH AFRICA
                       13.6.3.1 Increasing population in South Africa to drive demand for mobility
            TABLE 128 SOUTH AFRICA: MARKET, BY TECHNIQUE, 2017–2025 (MILLION TON)
            TABLE 129 SOUTH AFRICA: MARKET, BY TECHNIQUE, 2017–2025 (USD MILLION)

14 COMPETITIVE LANDSCAPE (Page No. - 162)
     14.1 OVERVIEW
            FIGURE 57 COMPANIES ADOPTED EXPANSIONS AS THE KEY GROWTH STRATEGY, 2017–2020
     14.2 METAL FORMING MARKET FOR AUTOMOTIVE: MARKET RANKING ANALYSIS
            FIGURE 58 MARKET: RANKING ANALYSIS, 2019
     14.3 COMPETITIVE LEADERSHIP MAPPING
             14.3.1 STARS
             14.3.2 EMERGING LEADERS
             14.3.3 PERVASIVE COMPANIES
             14.3.4 EMERGING COMPANIES
            FIGURE 59 MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020
     14.4 COMPETITIVE SCENARIO
             14.4.1 EXPANSIONS
            TABLE 130 EXPANSIONS, 2017-2020
             14.4.2 SUPPLY CONTRACTS
            TABLE 131 SUPPLY CONTRACTS, 2017-2020
             14.4.3 NEW PRODUCT LAUNCHES/DEVELOPMENTS
            TABLE 132 NEW PRODUCT LAUNCHES/DEVELOPMENTS, 2017–2020
             14.4.4 PARTNERSHIPS/JOINT VENTURES
            TABLE 133 PARTNERSHIP/JOINT VENTURES, 2017-2020

15 COMPANY PROFILES (Page No. - 169)
     15.1 INTRODUCTION
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
     15.2 BENTELER
            FIGURE 60 BENTELER: COMPANY SNAPSHOT
            FIGURE 61 BENTELER: SWOT ANALYSIS
     15.3 TOWER INTERNATIONAL
            FIGURE 62 TOWER INTERNATIONAL: COMPANY SNAPSHOT
            FIGURE 63 TOWER INTERNATIONAL: SWOT ANALYSIS
     15.4 MAGNA INTERNATIONAL
            FIGURE 64 MAGNA: COMPANY SNAPSHOT
            FIGURE 65 MAGNA: SWOT ANALYSIS
     15.5 TOYOTA BOSHOKU CORPORATION
            FIGURE 66 TOYOTA BOSHOKU: COMPANY SNAPSHOT
            FIGURE 67 TOYOTA BOSHOKU: SWOT ANALYSIS
     15.6 AISIN SEIKI
            FIGURE 68 AISIN SEIKI: COMPANY SNAPSHOT
            FIGURE 69 AISIN SEIKI: SWOT ANALYSIS
     15.7 KIRCHHOFF
            FIGURE 70 KIRCHHOFF: COMPANY SNAPSHOT
     15.8 CIE AUTOMOTIVE
            FIGURE 71 CIE AUTOMOTIVE: COMPANY SNAPSHOT
     15.9 MILLS PRODUCTS
     15.10 VNT AUTOMOTIVE
     15.11 SUPERFORM ALUMINIUM
     15.12 HIROTEC
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
     15.13 CLIENT REQUIREMENT
               15.13.1 PWO
            TABLE 134 PWO: PRODUCT OFFERINGS
            TABLE 135 PWO: KEY CUSTOMERS
               15.13.2 ERNST UMFORMTECHNIK
            TABLE 136 ERNST UMFORMTECHNIK: PRODUCT OFFERINGS
            TABLE 137 ERNST UMFORMTECHNIK: KEY CUSTOMERS
               15.13.3 HÖRNLEIN
            TABLE 138 HORNLEIN: PRODUCT OFFERINGS
               15.13.4 HUBERT STÜKEN GMBH & CO. KG (STÜKEN)
            TABLE 139 STÜKEN: PRODUCT OFFERINGS
               15.13.5 STEWART EFI
            TABLE 140 STEWART EFI: PRODUCT OFFERINGS
               15.13.6 TRUELOVE & MACLEAN (ACQUIRED BY SFS GROUP AG)
            TABLE 141 TRUELOVE & MACLEAN: INDUSTRIES SERVED
               15.13.7 METAL FLOW
            TABLE 142 METAL FLOW: PRODUCT OFFERINGS
            TABLE 143 METAL FLOW: KEY CUSTOMERS
               15.13.8 TRANSFER TOOL
            TABLE 144 TRANSFER TOOL: INDUSTRIES SERVED
     15.14 ADDITIONAL COMPANIES
               15.14.1 NORTH AMERICA
            15.14.1.1 Vari-Form
            15.14.1.2 LTC Roll
            15.14.1.3 Martinrea International Inc
            15.14.1.4 Multimatic
               15.14.2 ASIA OCEANIA
            15.14.2.1 Kaizen Metal Forming
            15.14.2.2 AES Automotive
            15.14.2.3 JBM Auto
            15.14.2.4 MIM
               15.14.3 EUROPE
            15.14.3.1 Craemer
            15.14.3.2 Voestalpine
            15.14.3.3 Gestamp Automoción
            15.14.3.4 Quintus Technologies

16 APPENDIX (Page No. - 205)
     16.1 CURRENCY
            TABLE 145 CURRENCY EXCHANGE RATES (USD)
     16.2 DISCUSSION GUIDE
     16.3 KNOWLEDGESTORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
     16.4 AVAILABLE CUSTOMIZATIONS
             16.4.1 METAL FORMING MARKET FOR AUTOMOTIVE, BY APPLICATION & TECHNIQUES
                       16.4.1.1 BIW: Market, by technique
                                   16.4.1.1.1 Roll forming
                                   16.4.1.1.2 Stretch forming
                                   16.4.1.1.3 Stamping
                                   16.4.1.1.4 Deep drawing
                                   16.4.1.1.5 Hydroforming
                                   16.4.1.1.6 Others
                       16.4.1.2 Chassis: Market, by technique
                                   16.4.1.2.1 Roll forming
                                   16.4.1.2.2 Stretch forming
                                   16.4.1.2.3 Stamping
                                   16.4.1.2.4 Deep drawing
                                   16.4.1.2.5 Hydroforming
                                   16.4.1.2.6 Others
                       16.4.1.3 Closures: Market, by technique
                                   16.4.1.3.1 Roll forming
                                   16.4.1.3.2 Stretch forming
                                   16.4.1.3.3 Stamping
                                   16.4.1.3.4 Deep drawing
                                   16.4.1.3.5 Hydroforming
                                   16.4.1.3.6 Others
                       16.4.1.4 Others: Market, by Technique
                                   16.4.1.4.1 Roll forming
                                   16.4.1.4.2 Stretch forming
                                   16.4.1.4.3 Stamping
                                   16.4.1.4.4 Deep drawing
                                   16.4.1.4.5 Hydroforming
                                   16.4.1.4.6 Others
             16.4.2 METAL FORMING MARKET FOR AUTOMOTIVE, BY APPLICATION & MATERIAL
                       16.4.2.1 BIW: Market by material type
                                   16.4.2.1.1 Steel
                                   16.4.2.1.2 Aluminum
                                   16.4.2.1.3 Other
                       16.4.2.2 Chassis: Market by material type
                                   16.4.2.2.1 Steel
                                   16.4.2.2.2 Aluminum
                                   16.4.2.2.3 Other
                       16.4.2.3 Closures: Market by material type
                                   16.4.2.3.1 Steel
                                   16.4.2.3.2 Aluminum
                                   16.4.2.3.3 Other
                       16.4.2.4 Others: Market by material type
                                   16.4.2.4.1 Steel
                                   16.4.2.4.2 Aluminum
                                   16.4.2.4.3 Other
             16.4.3 METAL FORMING MARKET FOR AUTOMOTIVE, BY APPLICATION
                       16.4.3.1 BIW: Market by vehicle type
                                   16.4.3.1.1 Passenger car
                                   16.4.3.1.2 LCV
                                   16.4.3.1.3 Truck
                                   16.4.3.1.4 Bus
                       16.4.3.2 Chassis: Market by vehicle type
                                   16.4.3.2.1 Passenger car
                                   16.4.3.2.2 LCV
                                   16.4.3.2.3 Truck
                                   16.4.3.2.4 Bus
                       16.4.3.3 Closures: Market by vehicle type
                                   16.4.3.3.1 Passenger car
                                   16.4.3.3.2 LCV
                                   16.4.3.3.3 Truck
                                   16.4.3.3.4 Bus
                       16.4.3.4 Others: Metal forming market for automotive by vehicle type
                                   16.4.3.4.1 Passenger car
                                   16.4.3.4.2 LCV
                                   16.4.3.4.3 Truck
                                   16.4.3.4.4 Bus
     16.5 RELATED REPORTS
     16.6 AUTHOR DETAILS

The study involved four major activities in estimating the size for global metal forming market for. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chains through primary research. The bottom-up approach was employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

The research methodology used in the report involves various secondary sources, paid databases, and directories, such as Society of Indian Automobile Manufacturers (SIAM), European Automobile Manufacturers' Association (ACEA), and The International Council on Clean Transportation (ICCT), Factiva, Bloomberg, and Hoovers. Experts from related industries and suppliers have been interviewed to understand the future trends of the metal forming market for automotive.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the metal forming market for automotive scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- (vehicle manufacturers) and supply-side (metal forming component manufacturers, tier-1 players and distributors) players across four major regions, namely, North America, Europe, Asia Pacific, South America and Middle East and Africa. Approximately 70% and 30% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.

The below figure shows the break-up of the profile of industry experts who participated in primary discussions.

Metal Forming Market for Automotive Size, and Share

To know about the assumptions considered for the study, Download the PDF Brochure

Market Size Estimation

The bottom-up approach has been used to estimate and validate the size of the metal forming market for automotive.

  • In this approach, the vehicle production statistics for each vehicle type have been considered at a country and regional level.
  • Extensive secondary and primary research has been carried out to understand the global market scenario for various types of forming techniques used in the automotive industry.
  • Several primary interviews have been conducted with key opinion leaders related to automotive metal forming development, including key OEMs and Tier I suppliers.
  • Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been taken into consideration while calculating and forecasting the market size.

Global metal forming market for automotive (for volume) : Bottom Up Approach

Metal Forming Market for Automotive Size, and Share

Global metal forming market for automotive (Value): Bottom Up Approach

Metal Forming Market for Automotive Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides.

Objectives of the study:

  • To analyze and forecast (2020–2025) the metal forming techniques market for automotive, in terms of value (USD billion) and volume (million tons)
  • To define, describe, and project the metal forming technologies market for automotive based on forming techniques, application, material, ICE vehicle type, electric and hybrid vehicle, and region
  • To analyze the regional markets for growth trends, prospects, and their contribution to the total market
  • To track and analyze competitive developments such as joint ventures, mergers and acquisitions, new product launches, expansions, and other activities carried out by the key industry participants
  • To analyze the opportunities offered by various segments of the metal forming technologies market for automotive to the stakeholders

Available Customizations

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Metal forming market for automotive, by Application type & Techniques, 2017–2025

  • BIW: Market, by technique*
  • Chassis: Market, by technique*
  • Closures: Market, by technique*
  • Others: Market, by technique*

(Note: * By technique inclusive of Roll forming, Stretch forming, Stamping, Deep drawing, Hydroforming, and Others)

Metal forming market for automotive, by Application & material

  • BIW: Market, by material type**
  • Chassis: Market, by material type**
  • Closures: Market, by material type**
  • Others: Market, by material type**

(Note: ** By material type inclusive of Steel, Aluminum, and Others)

Metal forming market for automotive, by Application

  • BIW: Market, by vehicle type***
  • Chassis: Market,by vehicle type***
  • Closures: Market, by vehicle type***
  • Others: Market, by vehicle type***

(Note: ***By vehicle type inclusive of Passenger car, LCV, Truck, and Bus)

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We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
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Published ON
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