Metal Forming Market Report 2026

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 Automoción, 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.

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