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Metal forming is a process in which plastic deformation of metal takes place to achieve the desired geometry and shape. A force is applied to the metal such that it exceeds the metal’s yielding strength to undergo plastic deformation without showing any temporary changes. This force provides rigid, customized, and required shape and look to the metal. The metal forming process is of different types such as roll forming, stamping, stretch forming, and others. The tools used for metal forming processes are English wheels, louver presses, planishing hammers, and others. Metal forming has a wide range of applications in automotive, manufacturing, construction, aerospace engineering, and others.  Â
Rapid industrial activity and manufacturing in Asia-Pacific region are expected to fuel the growth of the metal forming market. Moreover, the growing need for automation in manufacturing industries will boost the demand for metal forming in the future. Large-scale production and increasing preference for lightweight vehicles is a factor that is expected to propel the growth of the metal forming market. However, high cost of the metal forming equipment is a factor that is hampering the growth of the metal forming market. Besides, growing applications of metal forming in industries like automotive, aerospace engineering, and others will provide lucrative opportunities for the market players during the forecast period.
According to statistics provided by the International Organization of Motor Vehicles Manufacturers in countries like China and Japan were the largest producers of automobiles in 2018. Exact figures show that China, the largest producer of automobiles in the world manufactured 23,529,423 vehicles, whereas Japan, being the second-largest producer of automobiles in the world manufactured 8,358,220 vehicles. Large vehicle production in the countries of Asia can ensure a promising positive growth in the upcoming years also, thus providing lucrative growth opportunities for the metal forming market.
Large-scale production and increasing preference for lightweight vehicles is one of the factors that is expected to propel the growth of the metal forming market. With increasing awareness about global warming and growing concerns about the environment that are aimed at reducing CO2 emissions, manufacturers are adopting weight reduction technologies along with bio-sourced materials to reduce the CO2 emissions. For instance, NAFILean is a lightweight and durable injectable material that is made of 20% hemp fiber and polypropylene. This weight reduction technology can greatly reduce the weights of massive parts of automobiles such as door panels, dashboard bodies, and others. Such new technologies can potentially drive the growth of the metal forming market in the upcoming years.
Key benefits of the report:
Metal forming market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
Aspects | Details |
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By Technique |
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By Application |
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By Forming Type |
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By Metal Type |
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By End-use industry |
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By Region |
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Key Market Players | Benteler, Mills Products, Superform Aluminium, CIE Automotive, Tower International, Kirchhoff, Magna, Toyota Boshoku, VNT Automotive, Aisin Seiki |
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