Procurement Market Intelligence Report
Metal Forming Services
Sourcing Guide & Market Intelligence
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Metal Forming Services Global Overview
Definition
Summary
Metal forming services are used to stretch metal for subsequent metalworking processes without adding or removing material. The key buyers of metal forming services include aerospace, automobile and medical device manufacturers.
This Report Includes:
- Forming & Hydroforming Services
- Roll Forming
- Stretch Forming
- Spin Forming
- Explosive Forming
Not in this Report:
- Metal Forging Services
- Metal Forming Machinery & Accessories
Global Metal Forming Services Procurement Trends
Discover the top international trends affecting procurement in the global Metal Forming Services market.
Warning Trends
United States announces new tariffs on all imported steel
- In February 2025, the United States announced 25.0% tariffs on all imported steel with no exemptions or exceptions. The tariffs took effect on March 12, 2025. On June 4th, these tariffs were increased further to 50%. These tariffs were not impacted by a recent court decision that temporarily suspended duties on certain goods as they were implemented under Section 232 of the Trade Expansion Act.
- Previously, countries such as Canada, Mexico, and Brazil, the top exporters of steel to the United States, had exemptions from tariffs. These have now been removed and all imported steel, regardless of origin, will be subject to the 50.0% tariff. However, on May 8th, the US announced an agreement with the United Kingdom to remove all levies on steel exported from the UK.
- When tariffs on steel imports were introduced in March 2018, they contributed to an increase in the price of steel and steel products. According to the Bureau of Labor Statistics, the price of steel-milled products increased by 10.2% in the year after the tariffs were implemented. This market heavily relies on steel as an input and may be impacted by this policy.
Global Metal Forming Services Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1Europe | 3,070 |
| #2China | 2,405 |
| #3India | 1,745 |
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Geography Drilldown - US
Average Cost of Metal Forming Services
United States
2025 Market Pricing$100.00 to $XXX.XX
per metal sheetAverage Price
Prices in the Metal Forming Services market range from $100.00 to $XXX.XX, depending on Type of Material, Type of Tooling, Level of Customization and Experience of the Service Provider. For example, lower prices are associated with Aluminum ($100 to $280 per metal sheet), whereas higher prices are associated with Alloy steels ($300 to $580 per metal sheet).
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Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
Metal Forming Services Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Metal Forming Services market, prices in the US have grown 1.1% from 2022 to 2025. Subscribers can access price trend forecasts, price driver projections and forward-looking cost structure data. Learn more
United States (2022-2025)
1.1%
Compound Annual Growth RateUnited States (2025-2028)
Wondering where prices are heading?
Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Metal Forming Services
Total cost of ownership is Low in the Metal Forming Services market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Cancellations may raise the total cost of ownership unexpectedly.
Negotiated Before
Prototyping
Billed During
Labor
Handling
Unforeseen
Cancellations
Scope Changes
Buyer Power in Procurement Negotiations
In 2025, buyer power amounts to -1.0 in the United States. Buyer power is most positively impacted by Price Driver Volatility. It is most negatively impacted by Market Share Concentration. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
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- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as High, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Metal Pipe & Tube Manufacturing
- Steel Rolling & Drawing
- Screw, Nut & Bolt Manufacturing
- Metalworking Machinery Manufacturing
2nd
Tier Suppliers
- Nonferrous Metal Foundry Products Manufacturing
- Iron & Steel Manufacturing
- Iron & Steel Manufacturing
Biggest Metal Forming Services Suppliers in the US by Revenue
The largest Metal Forming Services vendors by revenue in the US are Corrugated Metals Inc., Quick Draw & Machining Inc. and PMF Industries Inc. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Alcoa Corp | Global | PITTSBURGH, PA | >10,000 | 5-10 | ||||
| American Axle & Manufacturing Holdings, Inc. | Global | DETROIT, MI | >10,000 | 5-10 | ||||
| Precision Castparts Corp | Global | Portland, OR | >10,000 | 5-10 | ||||
| Quick Draw & Machining Inc. | Local | Ventura, CA | <25 | < 5 | ||||
| PMF Industries Inc | National | Williamsport, PA | 51-100 | < 5 | ||||
| Charles Schillinger Company | Local | Bensalem, PA | 25-50 | < 5 | ||||
| Boker’s Inc. | Global | Minneapolis, MN | 101-250 | < 5 | ||||
| A&E Manufacturing Company Inc. | Regional | Levittown , PA | 51-100 | < 5 | ||||
| Corrugated Metals Inc. | US | < 5 | ||||||
Looking for a list of suppliers by country?
Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Metal Forming Services market is 6.7% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Wages. The cost trend for this component is falling, when considering movement between 2024 and 2025. To understand cost forecasts for 2026 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
Vendor risk in the market is high. Imported goods can pressure domestic suppliers to adjust their prices to remain competitive, making it difficult for them to maintain a steady profit. As a result, vendor financial risk is sensitive to fluctuations in raw material costs.
Global political issues have affected global first tier suppliers. As a result, supply chain risk is elevated.
Market share concentration in the market is low due to the largest players in the market controlling a large portion of revenue.
The US is a net importer, meaning they import more than they export. As a result, buyers should ensure that their foreign suppliers are able to meet American regulatory standards.
Supplier Information
Precision Castparts Corp
Precision Castparts Corp is a private company operating globally in the manufacturing sector. The company's offerings include oil & gas casing & tubing, metal casting services, industrial fasteners, rivets and metal forming services. Founded in 1953, the company is currently headquartered in Portland, Oregon,... Subscribe to learn more
American Axle & Manufacturing Holdings, Inc.
American Axle & Manufacturing Holdings, Inc. is a public company operating globally in the manufacturing sector. The company's offerings include metal casting services, industrial wheels and metal forming services. Founded in 1917, the company is currently headquartered in Detroit, Michigan, United States... Subscribe to learn more
Alcoa Corp
Alcoa Corp is a public company operating globally in the manufacturing and manufacturing sectors. The company's offerings include truck wheels, sheet metal, rivets, trash bags and metal forming services. Founded in 1888, the company is currently headquartered in PITTSBURGH, Pennsylvania, United States of Subscribe to learn more
O'neal Industries, Inc.
O'neal Industries, Inc. is a private company operating globally in the manufacturing sector. The company's offerings include sheet metal, electroshock weapons, metal forming services and welding, brazing & soldering services. Founded in 1921, the company is currently headquartered in Birmingham, Alabama, Subscribe to learn more
Corrugated Metals Inc.
Corrugated Metals Inc. is a private company operating in the manufacturing sector. The company's offerings include metal forming services. Founded in 2019, the company is currently headquartered in United States of America. Subscribe to learn more
A&E Manufacturing Company Inc.
A&E Manufacturing Company Inc. is a private company operating regionally in the manufacturing sector. The company's offerings include metal forming services. Founded in 1967, the company is currently headquartered in Levittown, Pennsylvania, United States of America with an estimated 75 employees. Subscribe to learn more
Boker’s Inc.
Boker's Inc. is a private company operating globally in the manufacturing sector. The company's offerings include metal forming services. Founded in 1919, the company is currently headquartered in Minneapolis, Minnesota, United States of America with an estimated 175 employees. Subscribe to learn more
Charles Schillinger Company
Charles Schillinger Company is a private company operating locally in the manufacturing sector. The company's offerings include metal forming services. Founded in 1929, the company is currently headquartered in Bensalem, Pennsylvania, United States of America with an estimated 28 employees. Subscribe to learn more
PMF Industries Inc
PMF Industries Inc. is a private company operating nationally in the manufacturing sector. The company's offerings include metal forming services. Founded in 1961, the company is currently headquartered in Williamsport, Pennsylvania, United States of America with an estimated 70 employees. Subscribe to learn more
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Procurement Management KPIs for the Metal Forming Services Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Customer Retention Rate and Defect Density. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Pricing and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Customer Retention Rate | Number of customers at start of period Number of customers added within period | The customer retention rate represents the number of customers a company is able to retain over a set timeframe. The customer retention rate can be used to determine the extent to which a company’s customer base fluctuates over time. | |
| Defect Density | Number of units Number of defective parts | The defect density can be used to determine whether manufacturing, assembly or quality assurance processes require improvement. The defect density represents the share of defective products a supplier produces. | |
Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Experience and Expertise
Have you served businesses like mine? If so, can you provide a portfolio of similar projects you have worked on?
Who are your current clients?
Supply Chain Risk
Are you alternating shifts to avoid employee overlap?
Are you providing employees with sufficient hand sanitizers and antibacterial soaps?
Customer Service
What is your client renewal or repeat business rate? Why do companies renew their contract with your business?
In case of unforeseen events, how quickly can you provide alternatives and the corresponding information on the cost and tooling?
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Metal Forming Services RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should describe the size of their organization and include some information about their operations.
Buyers should list all terms and conditions of the RFP (e.g. right to modify or withdraw the RFP).
Statement Of Need
Buyers should specify the end use of the formed metal products and include any desired specifications and technical drawings.
Buyers should include information regarding the metal sheets they will be forming, including the length of sheet, gauge and material composition.
Project Budget
Buyers should specify preferred payment terms and length of contract.
Buyers should provide information regarding their budget for additional services.
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Our Reports include:
- Opportunity assessment
- Market dynamics
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- Positive and warning trends
- Buyer power levers
- Price environment and market pricing
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- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
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