Automotive Metal Stamping Market Expected To Grow At A CAGR Of 4.63% From $ 87.02 Billion In 2020 To $ 124.56 Billion In 2028
NEW YORK, NY, UNITED STATES, October 29, 2021 /EINPresswire.com/ — The Automotive Metal Stamping Market size is estimated at $ 120.91 billion, up from $ 83.53 billion in 2019, with a CAGR of 4.6% through 2028. Growing demand for branding in vehicles to ensure product authentication , along with improved capabilities of manufacturers with the advent of lean manufacturing methods to reduce waste during processes, will drive the growth of the automotive metal stamping market.
Automotive metal stamping is a process of converting sheet metal into various sizes and shapes according to the requirements of the end user. The automotive industry is gradually developing, as is the demand for sheet metal stamping for the production of vehicle chassis, interior and exterior components, and transmission components. The increasing emphasis on the use of lightweight metals like aluminum to increase energy efficiency will provide a lucrative scope for the growth of the automotive metal stamping market during the forecast period.
Automotive manufacturers and auto parts OEMs are incorporating the automotive stamping press, automotive stamping dies and other metal stamping tools and techniques on a large scale to transform sheet metal into final parts with optimum precision in terms of design and aesthetics.
In addition, the innovations and advancements in the automotive industry aimed at encouraging energy efficiency, along with the increasing investment in automotive metal stamping manufacturing by industry players, will increase the revenue share of the market. automotive metal stamping. In addition, the introduction of regulatory policies aimed at improving working conditions and safety standards, the use of materials and the elimination of waste promotes the adoption of sustainable manufacturing strategies, which, in turn, will promote automotive metal stamping market growth till 2027.
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Other key findings from the report suggest
On the basis of stamping type, the hot stamping segment dominated the automotive metal stamping market share in 2019 and is expected to show a growth rate of 4.2% through 2027. The Hot stamping technology is in high demand because it offers greater tensile strength and can create lightweight parts like vehicle frames.
On the basis of metal type, aluminum accounted for 44.8% of the automotive metal stamping market share in 2019 and is expected to experience a growth rate of 4.1% over the forecast period due to its lightness and high resistance properties.
On the basis of technology, the automotive stamping process accounted for 25% of the automotive metal stamping market revenue share in 2019 and is expected to show notable growth of 4.6% through 2027.
The Forming Technology segment is expected to experience major growth with a CAGR of nearly 6% during the analysis period in the Automotive Metal Stamping Market. Typing technology is seeing wide-scale adoption as it results in exceptionally polished surface finishes, eliminated drafts, with high tolerance in the final structure.
The embossing segment is expected to register a growth rate of 5.3% during the forecast period in the automotive metal stamping market owing to the increasing demand for laser embossing to engrave patterns and dates on them. auto parts and license plates.
On the basis of applications, the commercial vehicle segment dominated the revenue share of the Automotive Metal Stamping market in 2019 and is expected to show a growth rate of 3.2% through 2027 due to strong demand. resilient and durable vehicle parts in these vehicles.
In the regional landscape, North America is expected to register a growth rate of 3.9% over the projected period due to the growing demand for private and recreational vehicles in the region. In addition, the absence of budget constraints, heavy government investments and profitable economic growth in the region are the key factors propelling the regional growth of the automotive metal stamping industry.
Europe is expected to show 5.6% growth rate during the analysis period due to the presence of automotive industry leaders like BMW, Volkswagen, as well as significant automotive manufacturing facilities in the Kingdom. United, Germany, Italy and others.
The APAC region is expected to experience a growth rate of 7.1% through 2027 due to the high investment in automotive manufacturing. Moreover, increasing disposable income of consumers in emerging countries such as India, China and others will also support the growth of automotive metal stamping market in the region.
The major players in the global automotive metal stamping market are Kenmode Precision Metal Stamping (US), Shiloh Industries, Inc. (US), Aro Metal Stamping co. (United States), Martinrea International Inc. (Canada), Acro Metal Stamping Co. (United States), Manor Tool & Manufacturing Company (United States), Wisconsin Metal Parts, Inc. (United States), Clow Stamping Co. (United States) and American Industrial Company (United States), among others.
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For the purpose of this report, Reports and Data has segmented the global automotive metal stamping market on the basis of stamping type, metal type, technology, application, and region:
Stamping Type Outlook (Revenue, USD Billion; 2017-2027)
Hot stamping or hot printing
Cold stamping or cold printing
Metal Types Outlook (Revenue, USD Billion; 2017-2027)
Technology Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Light commercial vehicle (LCV)
Heavy Utility Vehicle (HCV)
Regional outlook (revenue, billion USD; 2017-2027)
South East Asia
Middle East and Africa
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Chapter 1. Market synopsis
1.1. Market definition
1.2. Scope and premise of the research
1.4. Market estimation technique
Chapter 2. Executive summary
2.1. Summary overview, 2019-2027
Chapter 3. Indicative measures
Chapter 4. Automotive Metal Stamping Market Segmentation and Impact Analysis
4.1. Automotive Metal Stamping Segmentation Analysis
4.2. Automotive Metal Stamping Market Value Chain Analysis, 2019-2027
4.3. Regulatory framework
4.4. Recent developments
4.5. Automotive Metal Stamping Market Impact Analysis
4.5.1. Market driver analysis
220.127.116.11. Comparatively lower manufacturing cost
18.104.22.168. Growth of the automotive industry
22.214.171.124. Growing demand for sheet metal for the use of metal in the production of vehicle chassis, transmission
components, interior and exterior components
126.96.36.199. Growing demand for light metals such as aluminum to increase energy efficiency
4.5.2. Analysis of market constraints
188.8.131.52. Fluctuating Costs of Metals
184.108.40.206. Popularity of plastics and composites
4.6. Prioritized key opportunities
4.7. Automotive Metal Stamping Price Analysis
4.8. Industry Analysis – Porter’s
4.9. Automotive stamping PESTEL Analysis …
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