AUTOMOTIVE HYDROFORMED PARTS MARKET ANALYSIS
Global Automotive Hydroformed Parts Market: Key Developments
In March 2023, Magna International, Canadian parts manufacturer for automakers, announced that it had acquired Hydroforming Solutions, a leading provider of hydroforming technology for the automotive industry. The acquisition will help Magna to expand its hydroforming capabilities and meet the growing demand for lightweight vehicles.
In February 2023, Tenneco, automotive components original equipment manufacturer and an aftermarket ride control and emissions products manufacturer, announced that it had launched a new line of hydroformed exhaust components for passenger cars and light commercial vehicles. The new components are designed to be lighter and more durable than traditional exhaust components, which will help to improve fuel efficiency and reduce emissions.
In May 2023, Busyu Kogyo, manufacturer of motor vehicle parts and accessories announced that it had developed a new hydroforming process that can produce parts with complex shapes, The new process uses a combination hydroforming and laser cutting to produce parts with high accuracy and repeatability.
In April 2023, Magna International, Canadian parts manufacturer for automakers announced that it had opened a new hydroforming plant in mexico, the plant is located in Saltillo, Mexico, and will produce hydroformed parts for a variety of automotive applications.
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