Hydroforming is a manufacturing process where high-pressure fluid is used to form sheet metal or tubing into complex shapes. There are two main types - tube hydroforming, where fluid is introduced into tube ends to reshape the tube inside dies, and sheet hydroforming, where sheet metal is forced into a die cavity by fluid pressure or a punch. Hydroforming provides benefits like increased strength, reduced weight and production costs, and tight tolerances. It is commonly used to form automotive components and other parts that require complex geometries.