Metal Forming is a process in which metal is plastically deformed to a desired shape and geometry. In order to do so a force is applied on the metal, that exceeds the yielding strength of the metal so as the metal doesn’t show temporary change in shape but undergoes plastic deformation. This is applied on metal to give them rigid, customized and desired shape and looks. There are metal forming tools such as english wheels, planishing hammers, louver presses and many more that perform the desired function and output of forming. There are many end use applicants for this process; ranging from automotive, construction, industrial and aerospace engineering.
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The Global Metal Forming Market is expected to reach value USD 270.57 million by 2025, from USD 213.59 million in 2017 growing at a CAGR of 3.0% during the forecast period of 2018 to 2025.
The key players operating in the Global Metal Forming Market are –
- Fagor Arrasate
- Magna International
- Amco Metal
- Formtek Moulding Solutions
- Samco Machinery
- Mestek Machinery
- Westway Machinery
- Wuhan Huagong
- DMG Fabrication & Welding
- Schuler India Private Ltd.
- Bradbury Group
- Benteler International AG
- Aisin Seiki Co. Ltd
- Avic Manufacturing Technology Institute
- Heck Industries
- VNT Automotive GmbH
- Toyota Boshoku Corporation
- AES Automotive Company Pvt. Ltd.
- Among others
- Rising manufacturing and industrial activities in APAC.
- Rising need for automation in the manufacturing process.
- Growing vehicle production and trends towards light weighting.
Segmentation: Global Metal Forming Market
- Deep Drawing
By End-Use Application
- Industrial Equipment and Machinery
- Aerospace Engineering
- North America
- South America
- Middle East & Africa
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Competitive Analysis: Global Metal Forming Market
The Global Metal Forming Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of metal forming market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
In January2017, O’Neal Manufacturing Services merged four affiliates, Aerodyne Alloys, United Performance Metals, Plus Ten Stainless, and Vulcanium Metal International, to form a high-performance metal company, United Performance Metals. In June 2016, high-precision Mitsubisihi laser cutting carbon dioxide equipment was ordered by Komaspec to cut metals and the newly added capability is anticipated to help the company meet the increase demand for metal forming products.
Key Insights in the report:
- Historical and current market size and projection up to 2025.
- Market trends impacting the growth of the global metal forming market.
- Analyse and forecast metal forming market on the basis of technique, type and application trends of key regional and country-level markets for technique, type and application.
Table of Contents:
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
9. Industry Type
10.2. North America
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports
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