Automotive Metal Forming Market worth $202.2 billion by 2025
                     MarketsandMarkets 
Presents
Automotive Metal Forming Market 
worth $202.2 billion by 2025
https://www.marketsandmarkets.com/Market-Reports/metal-forming-
market-117844713.html
 
The report "Automotive Metal Forming Market by Technique (Roll, 
Stretch, Stamping, Deep Drawing, Hydroforming), Type (Hot, warm 
and Cold), Application (BIW, Chassis, Closure), Material (Steel, 
Aluminum, Magnesium), Vehicle (ICE & Electric) - Global Forecast to 
2025", The automotive metal forming market is expected to grow at a CAGR 
of 3.2%, by value, during the forecast period. The market is estimated to be 
USD 172.5 billion in 2020 and is projected to reach USD 202.2 billion by 2025.
The driving factors for the automotive metal forming market are gradually 
increasing 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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44713
 
Browse 145 market data Tables and 71 Figures spread through 215 
Pages and in-depth TOC on “Automotive Metal Forming Market”
The automotive metal forming market is dominated by manufacturers such 
as Magna (Canada), Benteler (Germany), Tower International (UK), Toyota 
Boshoku (Japan), and Aisin Seiki (Japan).
 “By vehicle type, passenger car is expected to hold the largest 
share of the automotive metal forming market”
According to the Organisation Internationale des Constructeurs d’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.
“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 12.5% in 2019 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. 
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7844713
 
“Asia Oceania is estimated to be the largest automotive metal 
forming market 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 2019. 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 automotive metal forming market.
Recent Developments:
• In May 2020, Benteler announced that it has secured a contract for the 
development of front and rear axle modules for Evergrande. It will develop 
the front and rear axle modules for mid-range and luxury electric vehicles. 
With this contract, Benteler can strengthen its existing cooperation with 
Evergrande and enhance its partnership
• In July 2019, Magna International announced that it has won new seating 
business in North America with a global automaker and will supply seat 
structures from a new manufacturing facility in Lancaster, Ohio. The facility 
represents Magna’s first dedicated seat structure plant in the U.S. and will 
feature robotic laser and MIG welding capabilities. The facility is 
strategically located to provide seat structures to Magna’s customers, 
starting with a new plug-in hybrid vehicle for a global automaker.
• In April 2019, Mahindra CIE, a subsidiary of the CIE Group, announced that 
its Stampings Division, Kanhe is in the process of setting up a greenfield 
plant for a new best-in-class fully automated tandem press line, robotic 
welding & assembly cells, and a well-equipped metrology laboratory with 
the latest engineering & quality assurance processes. This is being done in 
conjunction with CIE's domain experts and is expected to be a technology 
demonstrator of the capabilities that MCIE can bring to the industry.
• In May 2018, Magna International set up an aluminum casting facility in 
Telford, England, which will supply structural castings to Jaguar Land Rover. 
The new facility is approximately 225,000 square feet and employs 300 
people.
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