Metal forming market growth, metal forming market analysis, metal forming market forecast, metal forming market trends, metal forming market size, metal forming market
What Trend Is Defining the Metal Forming Market Size and Growth?
The metal forming market size has grown steadily in recent years. It will grow from$198.27 billion in 2024 to $205.32 billion in 2025 at a compound annual growth rate (CAGR) of 3.6%. This growth in the historic period can be attributed to automotive industry growth, materials innovation, demand for lightweight materials, globalization of manufacturing, and expand power industry.
The metal forming market size is expected to see steady growth in the next few years, reaching $247.6 billion by 2029, with a compound annual growth rate (CAGR) of 4.8%. Key drivers of this growth in the forecast period are the rise of electric vehicles (EVs), sustainable manufacturing practices, demand for high-strength materials, renewable energy infrastructure projects, and the push for global supply chain resilience. Industry 4.0 integration, advancements in materials and advanced alloys, micro-forming technologies, digital twin technology, and customization and flexible manufacturing are set to be the major trends in the forecast period.
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What Is Driving Growth in the Metal Forming Market?
The rise in the automotive industry is expected to propel the growth of the metal-forming market. Businesses involved in the manufacture, distribution, retail, and maintenance of automobiles utilize metal forming to create a wide range of components and parts, such as body and chassis components, engine components, suspension parts, and exhaust system components. For instance, data from the Society of Motor Manufacturers and Traders (SMMT) in November 2022 showed that UK’s car production increased 7.4% to a total of 69,524 units. This increase in the automotive industry is driving the growth of the metal-forming market.
What Are the Major Segments in the Metal Forming Market?
The metal forming market covered in this report is segmented by:
– Forming Type: Cold Forming, Hot Forming, Warm Forming
– Material Type: Steel, Aluminum, Magnesium, Other materials
– Technique: Roll Forming, Stretch Forming, Stamping, Deep Drawing, Hydroforming, Other technologies
– Application: Body in White (BIW), Chassis, Closures, Other Applications
– End-User: Automotive, Transportation, Industrial Machinery, Construction, Precision Engineering, Other End-users
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Who Are the Major Players in the Metal Forming Market?
Major 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, Mestek Machinery, and others.
What Are the Key Trends in the Metal Forming Market?
Technological advancements are shaping the metal forming market. Many companies in the market are adopting new technologies to sustain their market position. For example, in September 2022, US-based tech company Desktop Metal introduced Figure G15, which offers a high-quality surface finish in metal sheet forming. This technology helps achieve high precision with a flexible, incremental forming approach and enables manufacturers in automotive, aerospace, appliance, and other industries to produce metal-formed parts in less than an hour with no significant time or financial commitment.
What Is the Regional Analysis of the Metal Forming Market?
Asia-Pacific was the largest region in the metal forming market in 2024. Expected to be the fastest-growing region in the global metal forming market during the forecast period, Asia-Pacific along with Western Europe, Eastern Europe, North America, South America, Middle East, and Africa are the regions covered in the metal forming market report.
What Does The Metal Forming Market Report 2025 Offer?
Metal forming refers to the process in which metals are formed and shaped using compressive forces to change their physical and chemical properties to achieve the desired size and shape. It is used to create metal parts for a variety of industries. The Metal Forming Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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