AUTOMOTIVE HYDROFORMED PARTS MARKET ANALYSIS
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.
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