By vehicle type, passenger car is expected to hold the largest share of the metal
forming market for automotive
According to the organisation internationale des constructeurs d’automobiles (OICA),
passenger cars accounted for 61.2% of the overall vehicle production in 2017. In 2017,
according to OICA, the passenger car production in the asia oceania region was
approximately 44.96 million units. Passenger cars have the highest application of
formed components, more than that for light and heavy commercial vehicles. Owing to
the increasing passenger car production, especially in the asia oceania region, and high
applications of metal forming, passenger car segment is projected to share of the metal
forming market, by vehicle type.