Automotive Metal Stamping Market Is Expected to Witness Higher Demands Till 2024
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.
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.
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Au<strong>to</strong>motive</strong> <strong>Metal</strong> <strong>Stamping</strong> <strong>Market</strong> Worth $112.38 Billion By <strong>2024</strong> |<br />
Grand View Research, Inc<br />
“Increasing sheet metal usage in the production of au<strong>to</strong>mobile chassis,<br />
transmission components, interior & exterior structural components are<br />
expected <strong>to</strong> drive market growth over the forecast period.”<br />
The global au<strong>to</strong>motive metal stamping market is expected <strong>to</strong> reach USD 112.38 billion by <strong>2024</strong>, according <strong>to</strong> a<br />
new report by Grand View Research, Inc. The industry is anticipated <strong>to</strong> grow owing <strong>to</strong> the rising demand in<br />
au<strong>to</strong>motive industry and low manufacturing cost. Increasing sheet metal usage in the production of au<strong>to</strong>mobile<br />
chassis, transmission components, interior & exterior structural components are expected <strong>to</strong> drive market<br />
growth over the forecast period.<br />
Growing use of alloys such as titanium, cast aluminum, cast iron, and forged steel still form an integral part of<br />
au<strong>to</strong>motive engines. Furthermore, technological advancements including the use of hybrid electromagnetically<br />
assisted sheet metal stamping machines which significantly reduces failures by controlling the strain distribution<br />
during stamping is expected <strong>to</strong> have a positive impact on industry growth.<br />
The au<strong>to</strong>motive manufacturing sec<strong>to</strong>r in Asia Pacific and Latin America is rapidly developing with major overseas<br />
OEMs establishing production plants <strong>to</strong> capture the local au<strong>to</strong>mobile demand. This has enabled technology<br />
transfer <strong>to</strong> these regions, thus promoting industry growth over the next eight years.<br />
Follow Us:
To request a sample copy or view summary of this report, click the link below:<br />
www.grandviewresearch.com/industry-analysis/au<strong>to</strong>motive-metal-stamping-market<br />
Further key findings from the report suggest:<br />
• Blanking au<strong>to</strong>motive stamping process accounted for over 35% of the revenue share in 2015. Blanking<br />
is an integral part of au<strong>to</strong>mobile manufacturing chain owing <strong>to</strong> its precise and superior stamping ability.<br />
Furthermore, rising use of the technology in mass production lines is expected <strong>to</strong> propel demand over<br />
the forecast period.<br />
• Coining technology is expected <strong>to</strong> witness significant growth, growing at a CAGR of over 3% from 2016<br />
<strong>to</strong> <strong>2024</strong>. Growing use of the technology in manufacturing precision parts that require finer polished<br />
surface finishes is likely <strong>to</strong> propel demand.<br />
• <strong>Au<strong>to</strong>motive</strong> metal stamping demand in commercial vehicles was valued at over USD 20 billion in 2015.<br />
Growing use of the technology in manufacturing components and body work in commercial vehicles is<br />
likely <strong>to</strong> propel demand over the next eight years. The manufacturing of commercial vehicles has been<br />
continuously growing in China, Japan, Germany and the U.S., which is expected <strong>to</strong> have a positive impact<br />
on market growth.<br />
Follow Us:
• North America demand for au<strong>to</strong>motive metal stamping in cars was over 6 billion in 2015. Rising<br />
production of au<strong>to</strong>mobiles including cars and heavy trucks is expected <strong>to</strong> increase demand for the<br />
technology in the next eight years. Furthermore, the presence of major manufacturers including Ford,<br />
Chrysler, and General Mo<strong>to</strong>rs is expected <strong>to</strong> promote growth opportunities over the forecast period.<br />
• Key players in the industry include Aro <strong>Metal</strong> <strong>Stamping</strong>, Alcoa Inc., Kenmode Precision <strong>Metal</strong> <strong>Stamping</strong>,<br />
Martinrea International, Shiloh Industries, Inc., include Acro <strong>Metal</strong> <strong>Stamping</strong>, Lindy Manufacturing,<br />
Manor Tool & Manufacturing Company, American Industrial Company, Wisconsin <strong>Metal</strong> Parts, Inc., and<br />
Clow <strong>Stamping</strong> Co.<br />
View more reports of this category by Grand View Research at<br />
www.grandviewresearch.com/industry/au<strong>to</strong>motive-and-transportation<br />
Grand View Research has segmented the au<strong>to</strong>motive metal stamping market on the basis oftechnology,<br />
application and region:<br />
<strong>Au<strong>to</strong>motive</strong> <strong>Metal</strong> <strong>Stamping</strong> <strong>Market</strong> Technology Outlook (Revenue, USD Million, 2013 - <strong>2024</strong>)<br />
• Blanking<br />
• Embossing<br />
• Bending<br />
• Coining<br />
• Flanging<br />
• Others<br />
<strong>Au<strong>to</strong>motive</strong> <strong>Metal</strong> <strong>Stamping</strong> <strong>Market</strong> Application Outlook (Revenue, USD Million, 2013 - <strong>2024</strong>)<br />
• Cars<br />
• Commercial Vehicles<br />
• Recreational Vehicles<br />
Follow Us:
• Transportation<br />
<strong>Au<strong>to</strong>motive</strong> <strong>Metal</strong> <strong>Stamping</strong> <strong>Market</strong> Regional Outlook (Revenue, USD Million, 2013 - <strong>2024</strong>)<br />
• North America<br />
• Europe<br />
• Asia Pacific<br />
• Latin America<br />
• Middle East & Africa<br />
Browse Press Release of this Report:<br />
www.grandviewresearch.com/press-release/global-au<strong>to</strong>motive-metal-stamping-market<br />
About Grand View Research<br />
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of<br />
California and headquartered in San Francisco. The company provides syndicated research reports,<br />
cus<strong>to</strong>mized research reports, and consulting services. To help clients make informed business decisions, we<br />
offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from<br />
technology <strong>to</strong> chemicals, materials and healthcare.<br />
Contact:<br />
Sherry James<br />
Corporate Sales Specialist, USA<br />
Grand View Research, Inc<br />
Phone: 1-415- 349-0058<br />
Toll Free: 1-888- 202-9519<br />
Email: sales@grandviewresearch.com<br />
For More Information: http://www.grandviewresearch.com<br />
Follow Us:
Change language