Metal Forming Global Market Report 2026

Metal forming is the process by which metals undergo shaping and alteration using compressive forces to achieve desired size and shape while changing their physical and chemical properties. This method is widely employed to produce metal parts and elements for various industries.

The primary types of metal forming are cold forming, hot forming, and warm forming. Cold forming is a high-speed forging process where metal is precisely sheared to length from coiled wire at room temperature. It is then moved through a series of tool and die cavities to alter its diameter, length, or remove small amounts of material through trimming or piercing. Cold forming is utilized to shape metal materials at or near room temperature, enhancing tensile strength while allowing intricate manipulation. Key materials used include steel, aluminum, magnesium, among others, employing techniques such as roll forming, stretch forming, stamping, deep drawing, hydroforming, and others. Applications span various end-users, including automotive, transportation, industrial machinery, construction, precision engineering, and more, for components such as body in white (BIW), chassis, closures, and others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on imported steel, aluminum, and metal forming machinery have increased raw material and equipment costs in the metal forming market, affecting production economics and supply chain efficiency. Automotive, construction, and industrial machinery applications are most impacted, particularly in asia-pacific, europe, and north america where cross-border sourcing is significant. Higher duties have pressured margins for manufacturers and caused procurement delays. However, tariffs have also encouraged domestic material sourcing, local manufacturing expansion, and investments in efficient forming technologies to enhance long-term competitiveness.

The metal forming market research report is one of a series of new reports from The Business Research Company that provides metal forming market statistics, including metal forming industry global market size, regional shares, competitors with a metal forming market share, detailed metal forming market segments, market trends and opportunities, and any further data you may need to thrive in the metal forming industry. This metal forming market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The metal forming market size has grown steadily in recent years. It will grow from $202.02 billion in 2025 to $210.36 billion in 2026 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to growth of automotive manufacturing, expansion of construction activities, rising demand for industrial machinery components, increased use of formed steel parts, growth of transportation infrastructure.

The metal forming market size is expected to see steady growth in the next few years. It will grow to $251.57 billion in 2030 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to increase in electric vehicle production, demand for lightweight body and chassis components, adoption of advanced forming techniques, growth in precision engineering applications, investments in automated forming equipment. Major trends in the forecast period include growing adoption of cold and warm forming processes, rising demand for lightweight and high-strength metal parts, expansion of advanced stamping and deep drawing techniques, increasing use of aluminum and magnesium formed components, focus on dimensional accuracy and surface finish quality.

The expansion of the automotive industry is anticipated to drive the growth of the metal-forming market in the coming years. The automotive industry encompasses organizations engaged in the manufacturing, distribution, retail, and maintenance of vehicles. Within the automotive sector, metal forming is widely used to produce numerous components and parts, including body and chassis structures, engine parts, suspension systems, and exhaust components. For example, in April 2024, data from the International Organization of Motor Vehicle Manufacturers (OICA), a France-based global automotive industry association, indicated that worldwide motor vehicle production totaled 93,546,599 units, representing a notable increase compared to earlier years and reflecting a strong recovery in automotive manufacturing. Consequently, the growth of the automotive industry is contributing to the expansion of the metal-forming market.

Major players in the metal forming market are emphasizing innovative solutions such as sheet drop tests to strengthen their simulation capabilities and optimize material performance. Sheet drop tests are experimental methods used to evaluate the impact resistance and behavior of sheet metal materials when subjected to sudden drop conditions. For example, in October 2024, ETA, a US-based company, introduced Dynaform 7.2, a sheet metal forming simulation software that incorporates advanced capabilities such as machine learning algorithms and improved sheet drop testing features. This updated software allows manufacturers to more precisely predict the response of sheet metal to impact forces, supporting better product design, minimizing material wastage, and improving the durability of final products.

In February 2023, CORE Industrial Partners, a US-based private equity firm specializing in manufacturing and industrial technologies, acquired GEM Manufacturing Company Inc for an undisclosed sum. Through this acquisition, CORE seeks to strengthen its metal forming and precision manufacturing capabilities by incorporating GEM's expertise in deep drawn metal components, progressive die press technology, and in-house tooling. GEM Manufacturing Company Inc is a US-based firm focused on high-precision deep drawn metal forming and mechanical assemblies, catering to industries such as electric vehicles, aerospace & defense, mining, and industrial sectors.

Major companies operating in the metal forming market report are Benteler International AG, Magna International Inc., CIE Automotive, Hirotec Corporation, Tower International, Aisin Corporation, Toyota Boshoku Corporation, Gestamp Automocion, Kirchhoff Automotive, Martinrea International Inc., Thyssenkrupp Automotive Body Solutions, Voestalpine AG, ArcelorMittal Tailored Blanks, Benteler Automotive Modules, PMF Industries Inc., Jorgenson Metal Rolling & Forming Inc., Miro Manufacturing Inc., Paramount Roll & Forming Inc., Corrugated Metals Inc., Metalspun Products Co. Inc.

Asia-Pacific was the largest region in the metal forming market in 2025. Asia-Pacific is expected to be the fastest-growing region in the global metal forming market during the forecast period. The regions covered in the metal forming market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the metal forming market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The metal forming market includes revenues earned by entities by providing prototyping, punching, bending, welding, forging, casting and rotary swaging. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Metal Forming Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses metal forming market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for metal forming ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The metal forming market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered: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
• Subsegments:
• 1) By Cold Forming: Cold Heading; Cold Rolling; Cold Drawing
• 2) By Hot Forming: Hot Forging; Hot Rolling; Hot Stretching
• 3) By Warm Forming: Warm Forging; Warm Rolling; Warm Stretch Forming
• Companies Mentioned: Benteler International AG; Magna International Inc.; CIE Automotive; Hirotec Corporation; Tower International; Aisin Corporation; Toyota Boshoku Corporation; Gestamp Automocion; Kirchhoff Automotive; Martinrea International Inc.; Thyssenkrupp Automotive Body Solutions; Voestalpine AG; ArcelorMittal Tailored Blanks; Benteler Automotive Modules; PMF Industries Inc.; Jorgenson Metal Rolling & Forming Inc.; Miro Manufacturing Inc.; Paramount Roll & Forming Inc.; Corrugated Metals Inc.; Metalspun Products Co. Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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