The automotive hydroformed parts market was valued at US$ 2.9 billion in 2018, and is expected to reach US$ 7.1 billion by 2027, according to a new market research report, Global Automotive Hydroformed Parts Market, by Type (Tube Hydroforming and Sheet Hydroforming), by Material Type (Aluminium, Brass, Copper, Stainless Steel, and Others), by Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), published by .

The hydroforming is a metal fabricating and forming process, where metal tubes and pre-form molds are expanded from the inside out in a closed die. Conventional stamping process uses welded joints, revets among others to form particular component, while the hydroforming method helps to manufacture of unibody components. There are different types of hydroforming processes such as tube hydroforming and sheet hydroforming.  

In sheet hydroforming one die and a sheet of metal is used. The raw sheet is driven into the die with the help of high pressure water on one side of the sheet. This high pressure water mold a sheet in the die forming the desired shape. Whereas, in tube hydroforming the metal tubes are expanded in a desired shape using two die halves. The tube hydroforming has major application in the automotive industry and is utilized for manufacturing light weight vehicles, by replacing stamped and spot-welded steel assemblies. Moreover, companies are focused on manufacturing full body panels for their vehicles. For instance, from 2006, General Motors started using the hydroforming process to create full body panels of vehicles of its different brands.

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Key Takeaways of the Automotive Hydroformed Parts Market:

  • The global automotive hydroformed parts market was valued at US$ 2.9 billion in 2018 and is expected to reach US$ 7.1 billion by 2027, exhibiting a CAGR of 10.4% over the forecast period
  • On the basis of type, the tube hydroforming segment is expected to exhibit the highest CAGR over the forecast period. Increasing government related to fuel efficiency concerns have accelerated the demand for vehicle light weighting in the market. For instance, in April 2019, the EU announced that the average fuel economy across the manufacturers’ fleets should be equivalent of about 57 U.S. miles per gallon mpg in 2021. EU is targeted to increase it to 92 miles per U.S. gallons by 2030. Owing to this the OEMs are focusing on vehicle light weighting, which is expected to boost the automotive hydroforming market growth over the forecast period. On the basis of vehicle type, the passenger cars segment held dominant position in 2018, and is expected to retain its dominance throughout the forecast period. The luxury and sports vehicles manufacturers are focused on using hydroformed parts, as it provides increased rigidity, design flexibility, and dimensional variability to the vehicle. Moreover, increasing adoption of these parts in economic and mid-size passenger car is expected drive the market growth over the forecast period.
  • Europe held dominant position in the market in 2018. Moreover, Germany, France, Italy, Spain, and the U.K. are some of the major growth engines of the automotive hydroformed parts market in this region. The region has large number of luxury and premium vehicles which has less low fuel efficiency. The OEMs in the region are opting for hydroformed components in these vehicles as it provide high strength-to-weight ratio and helps to improve the fuel efficiency of the vehicle
  • Some of the major companies operating in the global automotive hydroformed parts market include Magna International, Metalsa, Tenneco, Thyssenkrupp AG, Yorozu, Vari-Form, Sango Co., Ltd., Tata Precision Tubes, F-TECH, Alf Engineering, and Nissin Kogyo

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