Metal Forming Market Growth, Size, Share, Trends, and Forecast 2032

Metal Forming Market Insights

According to the report published by Zion Market Research, the global Metal Forming Market size was valued at USD 180.4 Million in 2023 and is predicted to reach USD 238.6 Million by the end of 2032. The market is expected to grow with a CAGR of 3.28% during the forecast period. The report analyzes the global Metal Forming Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Metal Forming Market industry.

Request Free Sample

Global Metal Forming Market: Overview

Metal Forming is a process in which metal is plastically deformed to a desired shape and geometry. In order to do so, a force is applied on the metal, that exceeds the yielding strength of the metal so as the metal doesn’t show a temporary change in shape but undergoes plastic deformation. This is applied on metal to give them rigid, customized and desired shape and looks. There are metal forming tools such as English wheels, planishing hammers, louver presses and many more that perform the desired function and output of forming. There are many end use applicants for this process; ranging from automotive, construction, industrial and aerospace engineering.

Global Metal Forming Market: Growth Factors

Massive manufacturing and industrial activities witnessed in regions such as APAC are anticipated to steer the growth of metal forming market in the years ahead. Furthermore, the escalating need for automation in the production process will further boost the demand for metal forming. Large-scale production of vehicles and consumer preference towards lightweight vehicles will steer metal forming market trends in the near future.

However, growing competition along with the introduction of new technologies will shift the consumer preference, thereby hampering the growth of metal forming market in the near future. In addition, high investment costs for forming equipment will impede the business scope in the coming years.  Nevertheless, massive application of metal forming in automotive, aerospace engineering, construction, and industrial equipment and machinery will create lucrative growth avenues for the market players, thereby annulling the negative impact of hindrances on metal forming market growth.

Request Free Sample

Global Metal Forming Market: Segmentation

The global metal forming market can be classified based on technique, type, and end use.

Based on the technique, the market is sectored into rolling, deep drawing, stretching, extrusion, stamping and forging.

On the basis of type, the market is divided into hot, cold, and warm.

Based on the end-user, the market is classified into automotive, aerospace engineering, construction, and industrial equipment & machinery.

Metal Forming Market: Report Scope

Global Metal Forming Market: Regional Analysis

Based on regions, the global metal forming market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Massive consumer spending and vehicle costs in countries such as the   U.S. and Germany will steer the growth of markets in North America and Europe. Large vehicle production and use in countries such as China, India, Japan, and South Korea will help APAC dominate the regional market growth in the ensuing years.

Vehicle manufacturers in Europe, Asia Pacific, and North America are undertaking inorganic developments such as expansion, joint ventures, and supply contract. Manufacturers are also investing in new product development for expanding their product portfolio, thereby contributing significantly towards the growth of metal forming the market in APAC, North America, and Europe.

Global Metal Forming Market: Competitive Players

The key players in the global metal forming market include:

• Aisin Seiki
• Fagor Arrasate
• Magna International
• Benteler
• Amco Metal
• Toyota Boshoku
• JET
• Tennsmith.

The Global Metal Forming Market is segmented as follows:

By technique 

• rolling 
• deep drawing
• stretching 
• extrusion
• stamping 
• forging

By type 

• hot
• cold
• warm

By end use 

• automotive
• aerospace engineering
• construction
• industrial equipment & machinery

Global Metal Forming Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • The UK
  • France
  • Germany
• The Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.