Automotive Metal stamping Market Global Industry Review 2019 To 2022

Automotive metal stamping refers to the processing of metal sheets and converting them into different shapes and sizes, following the requirement and application in automobiles. Metal stamping is inclusive of five critical processes such as blanking, embossing, bending, conjoining, and flanging. The process is carried out with the help of stamping dies. The metals used in automotive metal stamping are aluminum, steel, copper, brass, and stainless steel.

The latest study report published by Market Research Future (MRFR) suggests that the global automotive metal stamping market is expected to garner an impressive CAGR during the forecast period. Factors contributing to such growth include the booming automotive industry and rising demand for smart automobiles. Furthermore, a rise in the demand for passenger vehicles is estimated to drive lucrative growth in the global automotive metal stamping market. Moreover, the emerging trend of downsizing the engine to aid fuel efficiency and lighter vehicles is predicted to influence growth in the automotive metal stamping market for lighter metals like aluminum.

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Regional Analysis

Based on the region, the global automotive metal stamping market is segmented into Asia Pacific, North America, Europe, and the rest of the world, including South America, the Middle East, and Africa.

In the Asia Pacific, China significantly contributes to the steel industry, but in recent times the steel market in China witnessed a decline. The growth of the constituent manufacturers has taken a diverse route than other regions. The Japanese producers have sustained strong relationships with their suppliers. The increasing competition and growth in international trade, have led to the better-quality distribution system, across numerous developing nations. Similarly, the automotive industry in China continues to grow, owing to increased production of commercial and passenger vehicles. FDI is one of the significant factors for the growth of the automotive industry in China. Automakers in China are introducing new and trade-friendly regulatory policies that enable them to produce a more substantial number of vehicles. This increase in the number of cars will result in the growth of the metal stamping industry during the forecast period. The demand for passenger and commercial vehicles s also massive in India and is expected to contribute considerably towards the market share over the review period.

In North America, automobile manufacturers are expected to observe an increase in the sales of passenger cars. The rise in demand for new vehicles will enable the growth of the auto components suppliers. This upsurge in demand for passenger cars will result in growing security of the drivers in the car. The rising safety is expected to result in increased usage of side guard door beams in the car. The increase in usage is estimated to result in the growth of the market during the forecast period. In North America, the developed economy of the U.S. has dominated the metal stamping market due to the growing concern of safety in the vehicle. The auto market in U.S. has been powered by factors such as lower interest rate and lower fuel price, which has enabled the market to grow during the forecast period.

Key Players

The key players of global Automotive metal stamping market are Kenmode Precision Metal Stamping (U.S.), Aro Metal Stamping co. (U.S.), Shiloh Industries, Inc. (U.S.), Martinrea International Inc. (Canada), Acro Metal Stamping Co. (U.S.), Wisconsin Metal Parts, Inc. (U.S.), American Industrial Company (U.S.), Manor Tool & Manufacturing Company (U.S.), and Clow Stamping Co. (U.S.).

Segmental Analysis

The global market for automotive metal stamping has been bifurcated on the basis of technology and application.

based on technology, the market has been segmented into blanking, flanging, embossing, coining, bending, and others.

on the basis of application, the market has been segmented into commercial vehicles, passenger cars, recreational vehicles, and others.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Mar