Metal forming is a fundamental manufacturing process that shapes metal materials without removing material, leveraging mechanical deformation techniques like forging, rolling, stamping, and bending. This vital sector produces high-strength, durable, and precise components essential for various high-demand end-use industries.
Global metal forming market is projected for steady expansion. The market size, valued at approximately USD 195.86 billion in 2024, is expected to reach around USD 268.90 billion by 2034. This growth is underpinned by a forecasted Compound Annual Growth Rate (CAGR) of around 3.22% over the period, driven by automotive and construction demands.
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