The Metal Forming Global Market Report 2023, provides comprehensive information on the metal forming market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Metal Forming Global Market Report 2023, the global metal forming market size is expected to grow from $183.58 billion in 2022 to $192.54 billion in 2023 at a compound annual growth rate (CAGR) of 4.88%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global metal forming market size is expected to reach $223.55 billion in 2027 at a CAGR of 3.8%.
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Technological advancements are a key trend gaining popularity in the metal forming market. Major companies operating in the metal forming market are adopting new technologies to sustain their position in the market. For instance, in September 2022, Desktop Metal, a US-based technology company that designs and markets 3D printing systems, introduced Figure G15 to offer a high-quality surface finish in metal sheet forming. Desktop Metal’s Figure digital sheet forming (DSF) technology offers high precision with a flexible, incremental forming approach via a patented build box design that lowers force distribution over the sheet during the build. This approach will allow sheet metal manufacturers to reap the benefits of digitization and helps to remove high startup costs and long lead times. Additionally, using this technology manufacturer in the automotive, aerospace, appliance, and other industries can completely metal-formed part in less than an hour with no significant time or financial commitment.
The metal forming market is segmented:
1) By Forming Type: Cold Forming, Hot Forming, Warm Forming
2) By Material Type: Steel, Aluminum, Magnesium, Other materials
3) By Technique: Roll Forming, Stretch Forming, Stamping, Deep Drawing, Hydroforming, Other Technologies
4) By Application: Body in White (BIW), Chassis, Closures, Other Applications
5) By End-User: Automotive, Transportation, Industrial Machinery, Construction, Precision Engineering, Other End-users
Asia-Pacific was the largest region in the metal forming market in 2022.
The table of contents in TBRC’s metal forming market report includes:
1. Executive Summary
2. Metal Forming Market Characteristics
3. Metal Forming Market Trends And Strategies
4. Metal Forming Market - Macro Economic Scenario
5. Metal Forming Market Size And Growth
……
26. Africa Metal Forming Market
27. Metal Forming Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Metal Forming Market
29. Metal Forming Market Future Outlook and Potential Analysis
30. Appendix
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