In the current metal-forming product design and development paradigm, product cost, time-to-market, and product quality are three overriding issues, which determine the competitiveness of the developed products. In up-front design process, the first 20 % of design activities commits to more than 75 % of product development cost and product quality issues. How to conduct “design right the first time” is critical to ensure low product development cost, high product quality, and short time-to-market. To address these issues, state-of-the-art technologies are needed to support design solution generation, evaluation, and optimization in metal-forming product design and development. Traditionally, computer-aided design (CAD) and computer-aided manufacturing (CAM) technologies provide approaches for representation and realization of design solutions physically [1]. However, how to generate design solution and conduct design solution evaluation and optimization is a non-trivial issue. In metal-forming product design and development, it is difficult to simultaneously address the design issues related to metal-formed part design, forming process determination, process parameter configuration, tooling structure design, material selection, prediction of the properties of deformed part, and finally the product quality control and assurance. In addition, how to reveal, assess, and evaluate the interaction and interplay of different design variables or factors in the above-mentioned different stages and areas is another critical issue. Computer-aided engineering (CAE) technology fills this gap as it helps practitioners generate, evaluate, and optimize design solutions before the best design solution is feasibly and uniquely identified and practically and physically implemented. In the current metal-forming product development paradigm, CAE simulation technology is one of the state-of-the-art technologies, which has been widely used in addressing the above-mentioned technical issues and will be used to solve the emerging bottleneck problems in the next upward trend of technology and product development.