The global Automotive Hydroformed Parts Market Growth Accelerated by Adoption of Lighweight Materials
Automotive hydroformed parts are lightweight components produced through a non-sheet forming manufacturing process that uses high-pressure fluid such as oil, air or gas to deform metal sheet or tube into a variety of complex cross-sections. These parts have strength properties that are comparable or superior to cast or machined parts. The global automotive industry is witnessing increasing demand for lightweight materials to improve fuel efficiency and reduce vehicular emissions. The automotive hydroformed parts help automobile manufacturers meet stringent standards and regulation around lightweight vehicles. The global Automotive Hydroformed Parts Market is estimated to be valued at US$ 12.888 Mn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Adoption of lightweight materials to boost fuel efficiency and reduce emissions is one of the major trends w...