Global Metal Forming Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Metal Forming Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global metal forming market report has been segmented on the basis of technique, type, end user, and region.
Global Metal Forming Market: Overview
Metal forming involves reshaping of metals while still in solid state. Forming process makes it possible to move a metal solid from into current shape into desired form by taking advantage of plasticity of certain metals. Generally, metal forming operations can be categorized as hot, cold or warm working processes. The temperatures involved in these processes are stationary and vary from metal to metal. Hot working includes deforming a metal under certain conditions above its recrystallization temperature generally at temperatures higher than 60% of its melting point. Hot working processes include rolling, forging and extrusion. Rolling is also performed as a cold working process and involves sending metal stock through a set of rollers.
Global Metal Forming Market: Dynamics
Rapidly growing industrialization in developed and developing countries, coupled with increasing number of manufacturing units in developing countries, and increasing construction and reconstruction activities across the globe are some major factors expected to drive growth of the global metal forming market. In addition, rising need for automation in production process and increasing adoption for metal forming by automotive manufacturers in order to reduce weight of the vehicle are among other factors expected to further boost growth of the global market to certain extent.
However, high investment cost is a major factor expected to hamper growth of the global metal forming market.
Technological advancements by major players in order to increase application of metal forming in aerospace engineering, and industrial equipment and machinery is expected to create potential revenue opportunities in terms of revenue for players operating in the target market over the forecast period. In addition, increasing expansion activities through strategic mergers and acquisitions by manufacturers operating in the target market is expected to further support growth of the global market to certain extent.
Global Metal Forming Market: Segment Analysis
Among the end user segments, the automotive segment is expected to dominate in the target market over the forecast period, owing to increasing automotive sale in developed and developing countries.
Global Metal Forming Market: Region Analysis
The market in Asia Pacific is expected to dominate in the global market in terms of revenue and is expected to continue its dominance over the forecast period. This can be attributed to increasing presence of manufacturing units, rising automotive sale, and presence of prominent players operating in emerging economies in this region.
The market in North America is expected to contribute significant revenue share to the global market, followed by the market in Europe, owing to presence of major automotive manufacturers, and increasing construction and reconstruction activities in various countries in this region. In addition, growing merger and acquisition activities among regional and international players is expected to further support growth of the target market in this region.
The market in Latin America is anticipated to witness moderate growth, owing to increasing presence of major manufacturers operating in developing countries such as Brazil and Argentina in this region.
Global Metal Forming Market Segmentation:
Segmentation by technique:
- Deep drawing
Segmentation by type:
Segmentation by end use:
- Aerospace engineering
- Industrial equipment & machinery
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Aisin Seiki Co., Ltd.
- Fagor Arrasate S. Coop.
- Magna International Inc.
- Benteler International AG
- Amco Metal Products, Inc.
- Toyota Boshoku Corporation
- JET Tools
- Tennsmith, Inc.
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