Automotive Hydroformed Parts Market
According to a new report published by Allied Market Research, titled, ” Automotive Hydroformed Parts Market by Type (Tube Hydroforming, Sheet Hydroforming), by Material (Aluminium, Brass, Copper, Stainless Steel, Others) and by Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2023-2032″ Hydroforming is a metal fabricating and forming process which allows shaping of metals such as steel, stainless steel, copper, aluminium, and brass. Hydroforming is a special type of die forming that uses high pressurized hydraulic fluid to press room temperature working material into a die to give it a desired shape. Conventional stamping process uses welded joints, rivets to form a particular component but now with the help of hydroforming unibody components can be manufactured.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ – https://www.alliedmarketresearch.com/request-toc-and-sample/12538
The different types of hydroforming processes are tube hydroforming and sheet hydroforming. In sheet hydroforming one die and a sheet of metal has been used where 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 moulds a sheet in the die forming the desired shape. Moreover, in tube hydroforming the metal tubes are expanded in a desired shaper using two die halves. It mostly used in the automotive industry, and it is used for manufacturing of light weight vehicles and complex automotive parts. In addition, hydroformed parts are cheaper, durable, manufacturing time is less, it is an automated process, and creates little waste than other processes.
๐๐จ๐ฉ ๐๐ฆ๐ฉ๐๐๐ญ๐ข๐ง๐ ๐ ๐๐๐ญ๐จ๐ซ๐ฌ
โฆRise in stringent government rules regarding emission, rise in demand for light weight vehicle, and rise in vehicle production is expected to drive growth of the market.
โฆHowever, rise in usage of composite material and high initial capital investments can hamper growth of the market.
โฆMoreover, rise in sales of electric and hybrid vehicles, rise in complex automotive parts, and rise in better & durable automotive parts act as an opportunity for growth of the market.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ – https://www.alliedmarketresearch.com/automotive-hydroformed-parts-market/purchase-options
Due to stringent emission norms by government worldwide original equipment manufacturers (OEMs) have shifted their focus on building light weight vehicles by using aluminium and composites material. This material will help in reducing the vehicle weight along with lowering the fuel consumption since low energy will be consumed during acceleration. For instance, European Union (EU) in April 2019 announced that the average fuel economy across the manufacturers fleet should be equivalent to 57 United States (U.S) miles per gallon mpg in 2021 and targeted to increase it to 92 miles per U.S gallons by 2030. Therefore, OEMs are focusing on making the vehicles lighter thus, it is expected to drive growth of automotive hydroformed parts market.
๐๐จ๐ฉ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ฒ๐๐ซ๐จ๐๐จ๐ซ๐ฆ๐๐ ๐๐๐ซ๐ญ๐ฌ ๐๐๐ฒ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ
Alf Engineering,
F-Tech,
Magna International,
Metalsa,
Nissin Kogyo,
Sango Co. Ltd.,
Tata Precision Tubes,
Tenneco,
Thyssenkrupp AG,
Yorozu
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ญ๐? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ก๐๐ซ๐ ๐๐ญ – https://www.alliedmarketresearch.com/purchase-enquiry/12538
๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐
Q1. Which are the leading market players active in the automotive hydroformed parts market?
Q2. What would be the detailed impact of COVID-19 on the market?
Q3. What current trends would influence the market in the next few years?
Q4. What are the driving factors, restraints, and opportunities in the automotive hydroformed parts market?
Q5. What are the projections for the future that would help in taking further strategic steps?
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