The automotive hydroformed parts market is highly dependent on the automotive industry due to its widespread applications in manufacturing various automotive components. Hydroforming uses high-pressure hydraulic fluid to form sheet metal into complex shapes that would be difficult or impossible to produce with traditional techniques. This allows automakers to produce parts that are lighter, stronger, and can be assembled faster compared to other forming methods. Components commonly produced using hydroforming include B-pillars, side rails, bumpers, longitudinals, and cross-car beams. The advantages of hydroforming parts over conventional methods include reduced part count, tooling costs, assembly time and weight savings potential of up to 50% compared to steel parts.

The Global Automotive Hydroformed Parts Market is estimated to be valued at US$ 14.85 Bn in 2024 and is expected to exhibit a CAGR of 7.7% over the forecast period 2024 to 2031.

Increasing global vehicle production is anticipated to be a major driver for growth in demand for Automotive Hydroformed Parts Market Analysis. In addition, the need for lightweight vehicles with improved fuel efficiency to meet stringent emission regulations is prompting OEMs to adopt advanced forming technologies like hydroforming to manufacture complex structural components.

Key Takeaways

Key players operating in the automotive hydroformed parts market are EVERLIGHT ELECTRONICS CO. LTD., First Edmund Optics Inc., Harting Technology, KYOTO SEMICONDUCTOR Co., Ltd., OSRAM International GmbH., ROHM CO., LTD., Sensors AG, Thorlabs, Inc., TT Electronics, and Vishay Intertechnology, Inc. The rising production of vehicles across major economies is fueling the demand for automotive hydroformed parts. Asia Pacific dominated the global market in 2022 led by China, India, and Japan on account of large automotive manufacturing bases. Furthermore, increasing investments by automakers in developing countries to boost local production is anticipated to accelerate the industry expansion globally over the coming years.

The demand for automotive hydroformed parts is driven by increasing global vehicle production. Increasing stringency of emission and fuel economy norms worldwide has compelled automakers to focus on manufacturing lighter vehicles with improved fuel efficiency. Hydroforming helps reduce vehicle weight by producing complex structural parts with thinner gauges that are up to 50% lighter than conventional steel parts. Lightweighting of vehicles is expected to remain a major focus area for OEMs to comply with the stringent Corporate Average Fuel Economy standards. This in turn will augment the demand for hydroformed components going forward.

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