Dublin, August 27, 2020 (GLOBE NEWSWIRE) – The “metal forming market for the automotive industry through technology (rolled, stretched, stamped, deep stamping, hydroformed), type (hot, hot and cold), application (BIW, chassis, closure), curtains (steel, aluminum, magnesium), vehicle (ICE and electric) – The Global Forecast to 2025 report “added to ResearchAndMarkets.com to the offer. The global automotive metals forming market is expected to grow at an annual compound rate of 3.2% from 2020 to 2025, reaching $202.23 billion through 2025 to $172.56 billion in 2018.
The main corporations presented in the are Magna (Canada), Benteler (Germany), Tower International (United Kingdom), Toyota Boshoku (Japan), Aisin Seiki (Japan), Kirchhoff (USA), CIE Automotive (Spain), Mills Products (USA). ), VNT Automotive (Austria), Superform Aluminium (USA) And Hirotec (Japan).
Global vehicle production and development require cars to fuel the automotive metal forming market
The market site is expected to develop due to key reasons, such as increased vehicle production and expanding demand for advertising vehicles. On the other hand, the main thing that hinders the expansion of the steel forming market is the largest investment in forming equipment.
Hydroforming is one of the most complex education strategies used in the automotive industry. It is sometimes used to manufacture hollow tubular structures such as collectors, exhaust cones and some suspension components. Hydroforming is expensive and is basically used through high-end automakers. Due to the percentage of developing market locations of high-end automakers, hydroforming is expected to grow at the fastest pace. It is a complex strategy that requires a higher installation fee as well as higher operational positions, which is expected to result in a significant market location in Europe and North America.
Cold forming is believed to be the largest market by forming type and is expected to remain in position during the forecasting period.
Cold forming is one of the maximum traditional production procedures in which parts are molded with other types of ambient temperature education techniques and do not require further handling and transport. The bloodless training procedure is easier than the hot-forming procedure and does not require more installation fees. As a result, the total bloodless formation load is low compared to hot formation. Due to benefits such as load and reduced production time, bloodless forming is the top preference of OEMs worldwide.
Asia, Oceania and North America are estimated to be the drivers of the metal forming market.
The report covers the automotive metal forming market. It is largely segmented by region (Asia-Pacific, Europe, North America, South America and the Middle East and Africa), type of strategy (profiled, stretching, stamping, deep stamping, hydroformed and others), types of strategy formed (cold formed, hot formed and hot formed), type of curtains (steel, magnesium and aluminum), type of application (BIW, chassis and closures), type of vehicle (automobile in particular) , truck and bus) and electric. and type of hybrid vehicle (BEV, PHEV and FCEV).
Key topics
For more information on this report, https://www.researchandmarkets.com/r/f97hxy
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