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POOL + OUTREACH
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Focus On Stretch Forming, One of the Largest Segments in the Automotive Metal Forming Techniques Market.Will this Market be a Huge Opportunity by 2025? |
COVID-19 IMPACT SURVEYMonitor Market Dynamics!Early March 2020, we reached out to senior enterprise executives who are driving strategy, business development, marketing, sales, product management, technology and operations at competitive firms worldwide. Our ongoing survey is focused on how this will this affect their business ecosystems. We invite you to participate in our survey and add to collective perspectives. Market movements are tracked for 2020, 2021 and broadly for the period of 2022 through 2025. Critical changes are monitored dynamically for the rest of this year. Updated analytics will reflect new and evolving market realities. Our first update scheduled for May 2020 and another in the Fall. Clients receive complimentary updates during 2020. If your company is a recent client for this project, we may have already reached out to your colleagues to participate in our program. If you're an active player in the space but hasn't yet subscribed to our project, we invite you to participate and share your perspectives. Please sign-up here. Amid the COVID-19 crisis, the global market for Automotive Metal Forming Techniques estimated at US$222.3 Billion in the year 2020, is projected to reach a revised size of US$248.3 Billion by 2027, growing at a CAGR of 1.6% over the analysis period 2020-2027. 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 an early 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 Automotive Metal Forming Techniques market in the U.S. is estimated at US$60.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$47.7 Billion by the year 2027 trailing a CAGR of 3.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.1% and 1.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.6% CAGR. 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 in the year 2020 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. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$32.7 Billion by the year 2027, while Latin America will expand at a 1.9% CAGR through the analysis period. Competitors identified in this market include, among others, 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 |
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