New Analysis from Global Industry Analysts Reveals Steady Growth for Automotive Metal Forming Techniques, with the Market to Reach $245.6 Billion Worldwide by 2026

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SAN FRANCISCO, June 28, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Automotive Metal Forming Techniques - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

New Analysis from Global Industry Analysts Reveals Steady Growth for Automotive Metal Forming Techniques, with the Market to Reach $245.6 Billion Worldwide by 2026
New Analysis from Global Industry Analysts Reveals Steady Growth for Automotive Metal Forming Techniques, with the Market to Reach $245.6 Billion Worldwide by 2026

 

FACTS AT A GLANCE
What's New for 2022?

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies - Strong/Active/Niche/Trivial

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Edition: 5; Released: January 2022
Executive Pool: 1093
Companies: 256 - Players covered include AES Automotive Company Pvt., Ltd.; Aisin Seiki Co., Ltd.; Benteler International AG; CIE Automotive SA; Hirotec Corporation; Kaizen Metal Forming Pvt Ltd.; Kirchhoff Group; Ltc Roll; Magna International, Inc.; Mills Products Incorporated; Multimatic Corporation; Quintus Technologies AB; Superform Aluminium; Tower International; Toyota Boshoku Corporation; Vari-Form Corporation; VNT Automotive GmbH; Voestalpine AG and Others.
Coverage: All major geographies and key segments
Segments: Technique (Stretch Forming, Stamping, Deep Drawing, Hydroforming, Roll Forming, and Other Techniques); Type (Cold Forming, and Hot Forming)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa

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ABSTRACT-

Global Automotive Metal Forming Techniques Market to Reach $245.6 Billion by 2026
Amid the COVID-19 crisis, the global market for Automotive Metal Forming Techniques estimated at US$222.3 Billion, is projected to reach a revised size of US$245.6 Billion by 2026, growing at a CAGR of 1.6% over the analysis period. Stretch Forming, one of the segments analyzed in the report, is projected to record a 2.1% CAGR and reach US$53 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Stamping segment is readjusted to a revised 2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $61.3 Billion in 2021, While China is Forecast to Reach $46.5 Billion by 2026
The Automotive Metal Forming Techniques market in the U.S. is estimated at US$61.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$46.5 Billion by the year 2026 trailing a CAGR of 3.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.1% and 1.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 0.6% CAGR.

Deep Drawing Segment to Reach US$43 Billion by the year 2026
In the global Deep Drawing segment, USA, Canada, Japan, China and Europe will drive the 1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$30 Billion will reach a projected size of US$32.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com

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SOURCE Global Industry Analysts, Inc.