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Metal Forming Services in the US Procurement Price, Data and Insights
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.
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What’s included in this market coverage
IBISWorld's research coverage on the Metal Forming Services procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Metal Forming Services market in the United States includes Stamping, Forging, Roll Forming and Hydroforming. Standard coding in this coverage includes ISIC-2591-Forging, pressing, stamping and roll-forming of metal; powder metallurgy, NACE-25.50-Forging, Pressing, Stamping And Roll-Forming Of Metal; Powder Metallurgy, NAICS-332114-Custom Roll Forming and UNSPSC-23251602-Sheet metal forming machine.
What common market terminology is included?
Common market terminology included in the Metal Forming Services procurement coverage includes Draw Forming (The process of forming a metal part from sheet stock, or a metal blank.), Fused Deposition Modeling (FDM) (An alternative to conventional metal forming tooling that uses 3D printing, a form of additive manufacturing process.), Hydroforming (Shaping metals into lightweight, structurally stiff and strong pieces.), Roll Forming (When a long strip of sheet metal is passed through sets of rolls mounted on consecutive stands until the cross-section profile is obtained.) and Stretch Forming (Stretching and bending sheet metal simultaneously over a die to form large contoured parts.).
What companies are included as top suppliers?
The top companies covered in the Metal Forming Services procurement report as suppliers are Quick Draw & Machining Inc., Precision Castparts Corp, PMF Industries Inc., Charles Schillinger Company and Boker’s Inc..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Metal Forming Services market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per part, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Metal Forming Services market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Metal Forming Services procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Metal Forming Services market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Metal Forming Services market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Metal Forming Services?
The 2026 benchmark market price for Metal Forming Services is $10.01 per part. Prices have increased at a CAGR of 2.08 from 2023-26.
Who are the top vendors in the Metal Forming Services market?
The top vendors in the Metal Forming Services market include Quick Draw & Machining Inc., Precision Castparts Corp, PMF Industries Inc., Charles Schillinger Company and Boker’s Inc..
What industries supply the Metal Forming Services market?
The top industries supplying the Metal Forming Services market are Metal Pipe & Tube Manufacturing in the US, Nonferrous Metal Foundry Products Manufacturing in the US, Metalworking Machinery Manufacturing in the US, Screw, Nut & Bolt Manufacturing in the US, Iron & Steel Manufacturing in the US, Steel Rolling & Drawing in the US and Iron & Steel Manufacturing in the US.
What is the supply chain risk for Metal Forming Services?
High vendor risk from import competition and cost volatility. Domestic metal forming suppliers face heavy competition from imports, forcing frequent price adjustments to remain competitive. Combined with sensitivity to raw material cost fluctuations, this dynamic creates elevated financial risk for vendors and increases the chance of instability. Buyers should carefully evaluate supplier financial health and diversify vendor portfolios to safeguard against disruption.
What factors affect the price of Metal Forming Services?
The experience level of a metal forming service provider directly impacts pricing, as seasoned providers typically charge higher rates due to their expertise, advanced techniques, and lower defect rates. For example, aerospace manufacturers often prefer experienced providers with industry certifications and a strong safety record, leading to premium pricing based on years in operation, customer testimonials, and past project performance.
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