The global automotive
metal stamping market is expected to reach USD 112.38 billion by
2024, according to a new report by Grand View Research, Inc. The industry is
anticipated to grow owing to the rising demand in automotive industry and low
manufacturing cost. Increasing sheet metal usage in the production of
automobile chassis, transmission components, interior & exterior structural
components are expected to drive market growth over the forecast period.
Growing use of alloys such as titanium, cast aluminum,
cast iron, and forged steel still form an integral part of automotive engines.
Furthermore, technological advancements including the use of hybrid
electromagnetically assisted sheet metal stamping machines which significantly
reduces failures by controlling the strain distribution during stamping is
expected to have a positive impact on industry growth.
The automotive manufacturing sector in Asia Pacific
and Latin America is rapidly developing with major overseas OEMs establishing
production plants to capture the local automobile demand. This has enabled
technology transfer to these regions, thus promoting industry growth over the
next eight years.
Browse full
research report on Automotive Metal Stamping Market: https://www.grandviewresearch.com/industry-analysis/automotive-metal-stamping-market
Further
key findings from the report suggest:
- Blanking automotive stamping process accounted for over 35% of the
revenue share in 2015. Blanking is an integral part of automobile
manufacturing chain owing to its precise and superior stamping ability.
Furthermore, rising use of the technology in mass production lines is
expected to propel demand over the forecast period.
- Coining technology is expected to witness significant growth,
growing at a CAGR of over 3% from 2016 to 2024. Growing use of the
technology in manufacturing precision parts that require finer polished
surface finishes is likely to propel demand.
- Automotive metal stamping demand in commercial vehicles was valued
at over USD 20 billion in 2015. Growing use of the technology in
manufacturing components and body work in commercial vehicles is likely to
propel demand over the next eight years. The manufacturing of commercial
vehicles has been continuously growing in China, Japan, Germany and the
U.S., which is expected to have a positive impact on market growth.
- North America demand for automotive metal stamping in cars was over
6 billion in 2015. Rising production of automobiles including cars and
heavy trucks is expected to increase demand for the technology in the next
eight years. Furthermore, the presence of major manufacturers including
Ford, Chrysler, and General Motors is expected to promote growth
opportunities over the forecast period.
- Key players in the industry include Aro Metal Stamping, Alcoa Inc.,
Kenmode Precision Metal Stamping, Martinrea International, Shiloh
Industries, Inc., include Acro Metal Stamping, Lindy Manufacturing, Manor
Tool & Manufacturing Company, American Industrial Company, Wisconsin
Metal Parts, Inc., and Clow Stamping Co.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/automotive-and-transportation
Grand
View Research has segmented the automotive metal stamping market on the basis
oftechnology, application and region:
Automotive
Metal Stamping Market Technology Outlook (Revenue, USD Million, 2013 - 2024)
- Blanking
- Embossing
- Bending
- Coining
- Flanging
- Others
Automotive
Metal Stamping Market Application Outlook (Revenue, USD Million, 2013 - 2024)
- Cars
- Commercial
Vehicles
- Recreational
Vehicles
- Transportation
Automotive
Metal Stamping Market Regional Outlook (Revenue, USD Million, 2013 - 2024)
- North America
- U.S.
- Europe
- Germany
- UK
- Italy
- Asia Pacific
- China
- India
- Japan
- Latin America
- Middle East
& Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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