Metal Forming in Automotive
Market
Metal Forming in Automotive Market Scope:
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Metal Forming in Automotive Market Size and Growth
The automotive metal forming market is experiencing robust growth, driven by increasing vehicle production and demand for lightweight materials. As of 2023, the market size is estimated to reach approximately $63 billion, reflecting advancements in manufacturing technologies and rising electric vehicle adoption. This trend emphasizes the need for innovative forming techniques.
Companies Covered
(Covid 19 Impact Covered)
◍ Benteler
◍ Tower International
◍ Magna International
◍ Toyota Boshoku Corporation
◍ Aisin Seiki
◍ Kirchhoff
◍ CIE Automotive
◍ Mills Products
◍ VNT Automotive
◍ Superform Aluminium
◍ Hirotec
The automotive metal forming market includes key players like Benteler, Tower International, and Magna International, utilizing advanced techniques for lightweight components. These companies enhance production efficiency and sustainability, driving market growth. Notable sales revenues include Magna International ($36.2 billion), Aisin Seiki ($36.66 billion), and CIE Automotive ($3.16 billion).
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Market Segmentation
By Application
Passenger Car
Commercial Vehicle
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By Product
Roll Forming
Stretch Forming
Stamping
Deep Drawing
Hydroforming
Others
Market Growth
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$ X Billion USD
