Automotive Fine Blanking Market Size, Share, and Industry Analysis, By Product Type (Hydraulic Fine Blanking Press and Mechanical Fine Blanking Press), By Material (Stainless Steel, Aluminum, Titanium, Copper, and Others), By Application (Passenger Vehicles and Commercial Vehicles), and Regional Forecast, 2024-2032

Fine Blanking is a stamping technique that performs blanking with sharp accuracy. Fine Blanking enables the manufacturer to achieve micron-order precision stamping, which is difficult to achieve with ordinary stamping. It helps provide components with smooth cut edges and higher precision of finished parts, increasing the product lifetime and minimizing the efforts required for additional finishing. Fine Blanking is extensively used to produce high-precision parts for engines, transmission ports, braking systems, and gearboxes.

The demand for automotive fine blanking is continuously fueled by the surge in automotive fleets, emerging commercial vehicle infrastructure, and advancements in manufacturing technology. Fine Blanking plays a critical role in improving the operational efficiency of the manufacturers as it is a highly cost-effective technique for the mass production of components compared to traditional stamping or CNC milling procedures. These factors can significantly bolster the growth of the automotive fine-blanking market.

The growing awareness of environmental concerns is slowly migrating customers to a greener alternative, i.e., Electric vehicles, and the adoption of electric vehicles is predicted to fuel the fine blanking market as it aids the production of complex electric motor components with much precision and affordability. Stricter regulations and emission norms may shift manufacturers' focus toward EVs, creating a greater need for automotive fine Blanking. As the automobile industry moves toward electrification and automation, it may put forward the fine blanking market to drive seats.

The COVID-19 pandemic introduced a temporary global shutdown in many sectors. This temporary shutdown impacted various industries negatively, leading to revenue decline, loss of product sales, slowed production rate, unemployment, and many other severe impacts. This led to an economic downturn as the majority of the manufacturing facilities were suspended or working at half capacity.

It is quite intuitive that the growth of the automotive fine blanking market is directly proportional to the growth of the overall automotive market. As COVID-19 hit the world in early 2020, all the major economies had multiple setbacks due to lockdowns and supply chain bottlenecks. China and Japan play a vital role in passenger car production; both countries had to cut back on their production significantly. FY-20 was highly dissatisfied with passenger car sales globally due to a huge shift in consumer sentiments and preferences. Consumers started refraining from buying luxury goods.

The closure of production plants and shortage of workforce due to stricter social distancing norms also affected the production of new vehicles. Another issue was regarding the procurement of raw materials. The supply chain tailback affected the companies' ability to procure sufficient raw materials to meet their production needs, and at the same time, the elevated inflation significantly raised the cost of production. Fluctuations in prices of steel and other key metals, the raw material for automotive components, significantly affected the market by northward cost movement.

Segmentation

Key Insights

The report covers the following key insights:

• Key Industry Developments – Mergers, Acquisitions, and Partnerships
• Porter's Five Forces Analysis
• Technological Developments
• Impact of COVID-19 on the Automotive Fine Blanking Market

Analysis By Product Type

By product type, the market is segmented into hydraulic fine blanking press and mechanical fine blanking press. Hydraulic fine blanking presses are extensively used for their superior precision and control, making them ideal for producing complex and high-precision automotive parts such as gears and intricate structural components. Their ability to apply consistent pressure ensures high-quality, burr-free edges. This segment is favored for its versatility in handling various material thicknesses and its adaptability in producing parts with tight tolerances. The Hydraulic Fine Blanking Press segment can be dominant in the market.

Mechanical fine blanking presses, known for their high-speed operation and cost-effectiveness, are suitable for high-volume production runs. These presses utilize mechanical force generated by flywheels to execute blanking operations efficiently. They are ideal for manufacturing simpler, high-quantity components, such as brackets and washers, where extreme precision is less critical.

Regional Analysis

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The global market is geographically segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is predicted to lead the automotive fine blanking market over the coming years. The automotive fine blanking market is positively correlated with the growth of the overall automotive industry. Asia Pacific is witnessing an attractive demand for both Passenger and commercial vehicles owing to the increased preference of consumers to own cars and increased penetration of industry and its related services, respectively. Multiple factors that strengthen our notion of Asia Pacific being the leader include the rising populace migrating to the Middle-income bracket, rising disposable income, multiple presences of OEM in China and Japan, Cheap access to labor, emission reduction regulation, and growing urbanization, among others. The increasing use of passenger cars for service business will also contribute toward positive growth for the automotive fine blanking market.  Additionally, market growth is optimistic as the region heavily engages in automotive development activities, such as fuel-efficient engines to cater to the market and increasing R&D to meet the strict government norms.

Key Players Covered

The report includes the profiles of key players, such as Magna International, Aisin Seiki, JTEKT, Hitachi Automotive Systems, Linamar, Futaba International, Inteva Products, DURA Automotive Systems, SHIROKI, Fawer Automotive Parts, S&T Motiv, Mikuni, and Fuji Machinery and TBK Co. Ltd.

Key Industry Developments

• August 2018 – Feintool Holding AG acquired Germany-based company Stanz-und Lasertechnik GmbH, which specializes in producing blanking tools for the electric vehicle market. The acquisition aims to cater to the growing demand for electric vehicle components.