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Automotive Metal Stamping Market Size, Share & Industry Analysis, By Process (Blanking, Embossing, Bending, Coining, Flanging), By Application (Cars, Commercial Vehicle, Recreational Vehicles, Transportation) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105777 | Status : Ongoing

 

KEY MARKET INSIGHTS

Metal stamping is basically a manufacturing technology that is used to turn sheets of metal into the desired shape and size of the parts needed for cars, tools, medical equipment, electronics and much more. This process allows precise and fast production of a huge variety of metal products by combining diverse operations such as piercing, folding, stamping, and drawing into series of connected operations or a single operation. This process generally uses special dies that press metal sheets into the accurate desired form. Automotive manufacturers generally use metal stamping for the production of parts such as hub caps and fenders because the dies can be utilized again and again to manufacture consistent shaped and sized parts that require tight tolerances and specifications.


Some of the factors such as lean manufacturing methods to reduce wastage during processes and machining capabilities of manufacturers are expected to drive the growth of the market. These factors are also important as it improves efficiency in operations and thus reduces operating costs. Hence, automotive metal stamping players are considerably investing in R&D projects. Technological advancements including enhanced stamping processes have seen commercial usage over the recent past years.

Additionally, regulatory bodies are focused on improving safety standards, working conditions, waste disposal, and materials used which is anticipated to drive the growth of the market during the forecast period. The high maintenance cost of machines used in the process of metal stamping is one of the major factors hampering the market growth.

Up Arrow

Key Market Driver -

Consumption of metal and alloys by automotive manufacturers and lean manufacturing methods with precision are expected to drive the growth of the market.

Down Arrow

Key Market Restraint -

High maintenance cost of instrument used in the process of metal stamping is one of the major factors restraining the market..


Market Segmentation:


The automotive metal stamping market is segmented by process, by application and by region. Based on the process the market is further sub-segmented into blanking, embossing, bending, coining and flanging. Among these, processes bending and blanking dominated the market in the year 2020 and it is expected to continue its dominance over the forecast period. The growth in demand in the automotive industry is anticipated to boost the market demand for these processes. Recent developments in technology such as laser metal stamping and hydraulic metal stamping are expected to reduce the manufacturing cost by decreasing wastage that is expected to drive market growth.

Based on application the market is sub-segmented into cars, commercial vehicles, recreational vehicles and transportation. Cars accounted for the largest market share in the year 2020 and it is expected to dominate the market over the forecast period. Due to the increase in demand from the end-users for automotive vehicles the market is expected to grow rapidly. Commercial vehicles are anticipated to grow significantly followed by recreational vehicles and transportation. The application of metal stamped parts in recreational vehicles are restricted to North America as these vehicles are only limited to this region.

Key Players:


Major players operating in the global automotive metal stamping market include Martinrea International, Alcoa Inc., Shiloh Industries, Manor Tool and manufacturing company, Acro metal stamping, Kenmode precision metal stamping, lindy manufacturing Wiscon metal parts, Inc., Goshen Stamping Company, Interplex Industries Inc., Aro Metal stamping, American Industrial Company, and Tempco Manufacturing, among others.

Key Insights



  • New advancements in the automotive metal stamping market.

  • Number of products, key Countries, 2020

  • New product launches, key players


Regional Analysis:


Geographically, the automotive metal stamping market is segmented into North America, Europe, Asia Pacific, and the rest of the world. In the U.S., an increased focus on maximizing capacity by improving the inbound supply network. The Asia Pacific is projected to be the largest and the fastest-growing region for the market during the forecast period due to the rise in demand for automobiles and several related activities mostly in India and China. Additionally, increasing automation coupled with rising awareness regarding fire safety is likely to propel the demand for automotive metal stamping over the next eight years.

Europe is expected to grow significantly over the forecast period the factors such as the presence of major automotive industry leaders such as Volkswagen and BMW and the availability of major automotive facilities in countries such as Germany and France are expected to drive the growth of the market.

The North American market for automotive metal stamping is anticipated to grow rapidly over the forecast period due to the growing demand of consumers for private vehicles such as recreational vehicles and cars. The use of a metal body guarantees durability and strength to the vehicle which makes them appropriate for extensive use and long travels. This is expected to boost the growth of automotive metal stamping in the region.

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Segmentation






















  ATTRIBUTE

  DETAILS

By Process



  • Blanking

  • Embossing

  • Bending

  • Coining

  • Flanging



By Application



  • Cars

  • Commercial Vehicle

  • Recreational Vehicles

  • Transportation



By Geography



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World






  • Ongoing
  • 2023
  • 2019-2022

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