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Metal Forming Market for Automotive worth $269.01 billion by 2025

The report "Metal Forming Market for Automotive by Technique (Roll, Stretch, Stamping, Deep Drawing, Hydroforming), Type (Hot and Cold), Application (BIW, Chassis, Closure), Material (Steel, Aluminum), Vehicle (ICE, Electric, and Hybrid) - Global Forecast to 2025", The metal forming market for automotive is expected to grow at a CAGR of 2.83%, by value, during the forecast period. The market is estimated to be USD 221.22 billion in 2018 and is projected to reach USD 269.01 billion by 2025.Thedriving factors for the metal forming market for automotive are growing vehicle production across the globe (particularly in Asia Oceania) and the increasing trend of vehicle lightweighting due to stringent emission norms.

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Metal Forming Market for Automotive worth $269.01 billion by 2025

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  1. Metal Forming Market for Automotive by Technique,Type, Application,Material,Vehicle- Global Forecast to 2025 www.MarketsandMarkets.com

  2. “By vehicle type, passenger car is expected to hold the largest share of the metal forming market for automotive” According to the Organisation Internationale des Constructeursd’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. 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. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=117844713

  3. “Aluminum is expected to show the fastest growth over the forecast period, by material type” 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 9.9% in 2015 for light weight vehicles in North America. 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 Europe and North America 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. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=117844713

  4. Browse >> 115market data tables 54figures 160pagesand in-depth TOC on “Metal Forming Market - Global Forecast to 2025” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  5. “Asia Oceania 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 in the Asia Oceania region. Out of the total vehicle production, China contributed approximately 24.9% in 2017. Japan 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 (Japan), Hirotec (Japan), and Toyota Boshoku (Japan) is driving the Asia Oceania metal forming market for automotive. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=117844713

  6. Target Audience: • Automotive component manufacturers • Automotive lightweight component manufacturers • Automotive material suppliers   • Automotive manufacturer associations • Automotive Original Equipment Manufacturers (OEMs) • Forming equipment manufacturers • Suppliers of conventional materials to automotive component manufacturers • Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=117844713

  7. Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the CHP market. These include • Magna (Canada) • Benteler(Germany) • Tower International (UK) • Toyota Boshoku (Japan) • Aisin Seiki (Japan). • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=117844713

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 UK : 44-800-368-9399Email: sales@marketsandmarkets.com

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