{"id":10459,"date":"2020-07-02T23:00:00","date_gmt":"2020-07-02T23:00:00","guid":{"rendered":"http:\/\/wordpress2.hdnweb.com\/2020\/07\/02\/metal-forming-market-for-automotive-worth-202-2-billion-by-2025-exclusive-report-by-marketsandmarkets\/"},"modified":"2020-07-02T23:00:00","modified_gmt":"2020-07-02T23:00:00","slug":"metal-forming-market-for-automotive-worth-202-2-billion-by-2025-exclusive-report-by-marketsandmarkets","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/07\/02\/metal-forming-market-for-automotive-worth-202-2-billion-by-2025-exclusive-report-by-marketsandmarkets\/","title":{"rendered":"Metal Forming Market for Automotive Worth $202.2 Billion by 2025 &#8211; Exclusive Report by MarketsandMarkets\u2122"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">CHICAGO<\/span>, <span class=\"xn-chron\">July 3, 2020<\/span> \/PRNewswire\/ &#8212; According to the new market research report <b>&#8220;<\/b><a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/metal-forming-market-117844713.html\" rel=\"nofollow\">Metal Forming Market<\/a><b>\u00a0for Automotive by Technique (Roll, Stretch, Stamping, Deep Drawing, Hydroforming), Type (Hot, warm and Cold), Application (BIW, Chassis, Closure), Material (Steel, Aluminum, Magnesium), Vehicle (ICE &amp; Electric) &#8211; Global Forecast to 2025&#8243;, <\/b><b>published by MarketsandMarkets\u2122,<\/b><b>\u00a0<\/b><b>the Metal Forming Market for automotive is expected to grow at a CAGR of 3.2%, by value, during the forecast period. The market is estimated to be <span class=\"xn-money\">USD 172.5 billion<\/span> in 2020 and is projected to reach <span class=\"xn-money\">USD 202.2 billion<\/span> by 2025.<\/b><\/p>\n<div id=\"prni_dvprnejpg0b82left\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpg0b82left\" title=\"MarketsandMarkets_Logo\" border=\"0\" alt=\"MarketsandMarkets_Logo\" align=\"middle\" imagelabel=\"General\" src=\"https:\/\/mma.prnewswire.com\/media\/660509\/MarketsandMarkets_Logo.jpg\"\/><\/div>\n<p>The driving factors for the metal forming market for automotive are gradually increasing vehicle production across the globe (particularly in Asia Oceania) and the increasing trend of vehicle lightweighting due to stringent emission norms.<\/p>\n<p><i>Browse in-depth TOC on<\/i><b>\u00a0&#8220;<b>Metal Forming Market<\/b>&#8220;<\/b><\/p>\n<p><b>145 \u2013 Tables<\/b><\/p>\n<p><b>71 \u2013 Figures<\/b><\/p>\n<p><b>215 \u2013 Pages<\/b><\/p>\n<p><b>Download PDF Brochure:<\/b><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=117844713&amp;utm_source=prnewswire&amp;utm_medium=referral&amp;utm_campaign=paidpr\" rel=\"nofollow\">https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=117844713<\/a><\/p>\n<p>&#8220;By vehicle type, passenger car is expected to hold the largest share of the metal forming market for automotive&#8221;<\/p>\n<p>According to the Organisation Internationale des Constructeurs d&#8217;Automobiles (OICA), passenger cars accounted for 61.2% of the overall vehicle production in 2017. In 2017, according to OICA, the passenger car production in the Asia Oceania region was approximately 44.96 million units in 2019. Passenger cars have the highest application of formed components, more than that for light and heavy commercial vehicles. Owing to the increasing passenger car production, especially in the Asia Oceania region, and high applications of metal forming, passenger car segment is projected to share of the metal forming market, by vehicle type.<\/p>\n<p>&#8220;Aluminum is expected to show the fastest growth over the forecast period, by material type&#8221;<\/p>\n<p>The contribution of aluminum to the overall vehicle weight has grown substantially over the years. According to the ACC, the contribution of aluminum has increased from 7.8% of the total vehicle weight in 2005 to about 9.0% in 2012, and approximately 12.5% in 2019 for light weight vehicles in <span class=\"xn-location\">North America<\/span>. Several automotive components are manufactured using aluminum. These include cross-car beam, front door, oil pan, rear door frame, and seat frame. Aluminum is rapidly replacing steel in many automotive applications like body in white and chassis. Its usage rate (%) for forming applications is higher in <span class=\"xn-location\">Europe<\/span> and <span class=\"xn-location\">North America<\/span> when compared with that in Asia Oceania. However, even with the low usage rate, Asia Oceania is the largest market for aluminum, owing to its huge vehicle production.<\/p>\n<p><b>Request FREE Sample Report:<\/b><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/requestsampleNew.asp?id=117844713&amp;utm_source=prnewswire&amp;utm_medium=referral&amp;utm_campaign=paidpr\" rel=\"nofollow\">https:\/\/www.marketsandmarkets.com\/requestsampleNew.asp?id=117844713<\/a><\/p>\n<p>&#8220;Asia Oceania is estimated to be the largest metal forming market for automotive over the forecast period&#8221;<\/p>\n<p><span class=\"xn-location\">China<\/span>, <span class=\"xn-location\">India<\/span>, <span class=\"xn-location\">Japan<\/span>, <span class=\"xn-location\">South Korea<\/span>, and others are considered under the Asia Oceania region for this study. <span class=\"xn-location\">China<\/span> is the largest contributor in terms of vehicle production in the Asia Oceania region. Out of the total vehicle production, <span class=\"xn-location\">China<\/span> contributed approximately 24.9% in 2019. <span class=\"xn-location\">Japan<\/span> is the second largest vehicle producing country which contributes approximately 8.4% to the global vehicle production. In addition to high vehicle production, factors such as increasing GDP, rising per capita income, low production costs, availability of economic labor, and government initiatives for FDI have created growth opportunities for the OEMs and tier 1 players of the metal forming market in the Asia Oceania region. Even the presence of the tier 1 players such as Aisin Seiki (<span class=\"xn-location\">Japan<\/span>), Hirotec (<span class=\"xn-location\">Japan<\/span>), and Toyota Boshoku (<span class=\"xn-location\">Japan<\/span>) is driving the Asia Oceania metal forming market for automotive.<\/p>\n<p>The metal forming market for automotive is dominated by manufacturers such as <span class=\"xn-person\">Magna (Canada)<\/span>, Benteler (<span class=\"xn-location\">Germany<\/span>), Tower International (UK), Toyota Boshoku (<span class=\"xn-location\">Japan<\/span>), and Aisin Seiki (<span class=\"xn-location\">Japan<\/span>).<\/p>\n<p><b>Browse Related Reports:<\/b><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/metal-casting-market-23885716.html\" rel=\"nofollow\">Metal Casting Market<\/a>\u00a0by Process (Gravity, High &amp; Low Pressure, Sand), Application (Body Assembly, Engine, and Transmission), Material (Iron, Al, Mg, Zn), Component, ICE &amp; EV (Passenger Car, LCV, HCV, BEV, HEV &amp; PHEV), and Region &#8211; Global Forecast to 2025<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/body-in-white-market-221187107.html\" rel=\"nofollow\">Global Body in White Market<\/a>\u00a0by Vehicle Type, Construction (Monocoque, Frame Mounted), Manufacturing Method (Cold Stamping, Hot Stamping, Roll Forming), Material (Steel, Aluminum, Magnesium, CFRP), and Region &#8211; Global Forecast to 2027<\/p>\n<p><b>About MarketsandMarkets\u2122<\/b>\u00a0<\/p>\n<p>MarketsandMarkets\u2122 provides quantified B2B research on 30,000 high growth niche opportunities\/threats which will impact 70% to 80% of worldwide companies&#8217; revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets\u2122 for their painpoints around revenues decisions.<\/p>\n<p>Our 850 fulltime analyst and SMEs at MarketsandMarkets\u2122 are tracking global high growth markets following the &#8220;Growth Engagement Model \u2013 GEM&#8221;. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write &#8220;Attack, avoid and defend&#8221; strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets\u2122 now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets\u2122 is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations\/disruptions early to the market by providing them research ahead of the curve.<\/p>\n<p>MarketsandMarkets&#8217;s flagship competitive intelligence and market research platform, &#8220;Knowledge Store&#8221; connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.<\/p>\n<p><b>Contact:<br \/>Mr. <span class=\"xn-person\">Aashish Mehra<\/span><br \/><\/b>MarketsandMarkets\u2122 INC.<br \/>630 Dundee Road<br \/>Suite 430<br \/><span class=\"xn-location\">Northbrook, IL<\/span> 60062<br \/><span class=\"xn-location\">USA<\/span>: +1-888-600-6441<br \/>Email: <a target=\"_blank\" href=\"mailto:sales@marketsandmarkets.com\" rel=\"nofollow\">sales@marketsandmarkets.com<\/a> <br \/>Research Insight: <a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/ResearchInsight\/metal-forming-market.asp\" rel=\"nofollow\">https:\/\/www.marketsandmarkets.com\/ResearchInsight\/metal-forming-market.asp<\/a> <br \/>Visit Our Web Site:\u00a0<a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/\" rel=\"nofollow\">https:\/\/www.marketsandmarkets.com<\/a>\u00a0<br \/>Content Source: <a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/PressReleases\/Metal-Forming.asp\" rel=\"nofollow\">https:\/\/www.marketsandmarkets.com\/PressReleases\/Metal-Forming.asp<\/a> <\/p>\n<p>Logo: <a target=\"_blank\" href=\"https:\/\/mma.prnewswire.com\/media\/660509\/MarketsandMarkets_Logo.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/660509\/MarketsandMarkets_Logo.jpg<\/a> <\/p>\n<p>\u00a0<\/p>\n<\/div>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=EN53015&amp;Transmission_Id=202007022300PR_NEWS_EURO_ND__EN53015&amp;DateId=20200702\" style=\"border:0px; width:1px; height:1px;\"\/> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">CHICAGO<\/span>, <span class=\"xn-chron\">July 3, 2020<\/span> \/PRNewswire\/ &#8212; According to the new market research report <b>&#8220;<\/b><a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/metal-forming-market-117844713.html\" rel=\"nofollow noopener noreferrer\">Metal Forming Market<\/a><b>\u00a0for Automotive by Technique (Roll, Stretch, Stamping, Deep Drawing, Hydroforming), Type (Hot, warm and Cold), Application (BIW, Chassis, Closure), Material (Steel, Aluminum, Magnesium), Vehicle (ICE &amp; Electric) &#8211; Global Forecast to 2025&#8243;, <\/b><b>published&#8230;<\/p>\n","protected":false},"author":1,"featured_media":10460,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[18],"tags":[],"class_list":["post-10459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hispanicmotorpress"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Metal Forming Market for Automotive Worth $202.2 Billion by 2025 - Exclusive Report by MarketsandMarkets\u2122 - Multisitio 2<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wordpress2.hdnweb.com\/en\/2020\/07\/02\/metal-forming-market-for-automotive-worth-202-2-billion-by-2025-exclusive-report-by-marketsandmarkets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Metal Forming Market for Automotive Worth $202.2 Billion by 2025 - Exclusive Report by MarketsandMarkets\u2122 - Multisitio 2\" \/>\n<meta property=\"og:description\" content=\"CHICAGO, July 3, 2020 \/PRNewswire\/ -- According to the new market research report &quot;Metal Forming Market\u00a0for Automotive by Technique (Roll, Stretch, Stamping, Deep Drawing, Hydroforming), Type (Hot, warm and Cold), Application (BIW, Chassis, Closure), Material (Steel, Aluminum, Magnesium), Vehicle (ICE &amp; 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