The increase in disposable income, changing lifestyle and buying behavior of people, and the increase in demand from the automotive industry, are the major factors influencing market growth.
Market Size – USD 83.53 Billion in 2018, Market Growth - CAGR of 4.6%, Market Trends – Rise of environment friendly coating technologies.
NEW YORK, April 16, 2019 (GLOBE NEWSWIRE) -- The global automotive metal stamping market is expected to reach USD 120.91 Billion by 2026, according to a new report by Reports and Data. This is mainly associated with the increasing disposable income, changing lifestyle and buying behavior of people, and increase in demand from the automotive industry.
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Metal stamping is a cost-effective method since it reduces the production time, owing to automated process, which minimizes the number of operators required.
Moreover, the growing use of metals, and alloys for interior and exterior parts, as well as automotive engines is expected to affect the market growth. Technological innovations in the market such as hybrid-electromagnetic metal stamping machines, which are said to reduce the chances of breakdowns during stamping, are expected to have a positive impact on industry growth.
Fluctuating costs of metals may restrain the growth of the market.
Further key findings from the report suggest
- The market is segmented on the basis of stamping type into hot stamping or printing and cold stamping or printing.
- Hot stamping dominated the market in 2018 and is forecasted to witness a growth of 4.2% during the forecast period, since it allows greater tensile strength and can create lightweight parts like manufacturing car frames.
- The market is segmented on the basis of metal type into steel, aluminum, copper and others.
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- Aluminum dominated the market in 2018, and is forecasted to have a CAGR of 4.1% during the forecasted period, owing to wide applications of aluminum in vehicle manufacturing.
- The market is segmented on the basis of technology into blanking, embossing, bending, coining, flanging and others.
- Blanking automotive stamping process dominated the market in 2018 and is forecasted to witness a growth of 4.6% during the forecast period. The segment accounted for over ~25% of the market in 2018.
- The market is segmented on the basis of applications into cars, commercial vehicles, recreational vehicles and transportation.
- Commercial vehicles dominated the market in 2018 and is forecasted to witness a growth of 3.2% during the forecast period, since they need maximum stable and durable vehicle parts owing to their multiple end-uses.
- The market is segmented on the basis of geography by North America, Europe, Asia Pacific, Latin America and MEA.
- North America dominated the market in 2018 and is forecasted to witness a growth of 3.9% during the forecast period, due to growing automotive sector in the region.
- Profitable economic growth, no budgetary constraints and heavy investments by the government in the region, particularly in the US, are expected to fuel the growth of the automotive market positively.
- Key participants include Kenmode Precision Metal Stamping (U.S.), Aro Metal Stamping co. (U.S.), Shiloh Industries, Inc. (U.S.), Martinrea International Inc. (Canada), Manor Tool & Manufacturing Company (U.S.), Acro Metal Stamping Co. (U.S.), Wisconsin Metal Parts, Inc. (U.S.), American Industrial Company (U.S.), and Clow Stamping Co. (U.S.), among others.
- The companies have adopted various strategies including mergers, acquisitions and partnerships to hold on going trails and come up with new developments in the market.
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For the purpose of this report, Reports and Data have segmented global automotive metal stamping Market on the basis of stamping type, metal type, technology, application, and region:
Stamping type Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
- Hot-stamping or hot printing
- Cold stamping or cold printing
Metal type Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
- Steel
- Aluminum
- Copper
- Others
Technology Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
- Blanking
- Embossing
- Bending
- Coining
- Flanging
- Others
Substrate Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
- Cars
- Commercial Vehicles
- Recreational Vehicles
- Transportation
Applications Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
- Commercial vehicles
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
- Passenger vehicles
- Compact
- Executive
- Luxury
- Two-wheeler
Regional Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
- North America
- U.S.
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- South-east Asia
- Latin America
- Brazil
- MEA
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