AUTOMOTIVE HYDROFORMED PARTS MARKET ANALYSIS

Automotive Hydroformed Parts Market, By Type (Tube Hydroforming, Sheet Hydroforming), By Material Type (Aluminium, Brass, Copper, Stainless Steel, Others) By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles) and By Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa)

Published In : Jul 2023
Code : CMI3255
Pages :140
Formats :
Excel and PDF
Industry : Automotive and Transportation

Automotive Hydroformed Parts MarketSize and Trends

Global Automotive Hydro Formed Parts Market is estimated at US$ 12.00 Billion in 2023, exhibiting a compound annual growth rate (CAGR) of 7.4% from 2023 to 2030.

Market Trends

Increasing Light Weight Vehicles

Automotive manufacturers are continually striving to reduce the weight of vehicles to improve fuel efficiency and reduce emissions. By utilizing hydroforming techniques, automakers can create complex, lightweight components that maintain structural integrity while reducing overall weight.