Asia Oceania is estimated to be the largest metal forming market for automotive over the
forecast period
China, India, japan, south Korea, and others are considered under the Asia Oceania region for this
study. China is the largest contributor in terms of vehicle production in the Asia Oceania region. Out
of the total vehicle production, china contributed approximately 24.9% in 2017. Japan is the second
largest vehicle producing country which contributes approximately 8.4% to the global vehicle
production. In addition to high vehicle production, factors such as increasing GDP, rising per capita
income, low production costs, availability of economic labor, and government initiatives for FDI
have created growth opportunities for the oems and tier 1 players of the metal forming market in
the asia oceania region. Even the presence of the tier 1 players such as aisin seiki (japan), hirotec
(japan), and toyota boshoku (japan) is driving the asia oceania metal forming market for
automotive.
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