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.
New York City, United States – June 10, 2020 /MarketersMedia/ —
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. Metal stamping is a cost-effective method since it reduces the production time, owing to automated process, which minimizes the number of operators required.
The report focuses on the idea of aiming at the targeted customer’s needs and wants. The report also tells how effectively a company can meet its requirements. This Automotive Metal Stamping market research collects and analyses reliable data about the customers, their marketing strategies, competitors, and others.
This is the latest report covering the current COVID-19 scenario. The coronavirus pandemic has greatly affected every aspect of the worldwide industry. It has brought along various changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact are covered in the research report. The report discusses all the major aspects of the market with expert opinions on the current status along with historical data.
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Key players mentioned in the research report are:
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.
In terms of applications, the global Automotive Metal Stamping market can be segmented into:
Commercial vehicles
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)
Passenger vehicles
Compact
Executive
Luxury
Others
In terms of types, the global Automotive Metal Stamping market can be segmented into:
Steel
Aluminium
Copper
Others
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For geographical segmentation, regional supply, application-wise, and type-wise demand, key players, and others, this report covers the following regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The report sheds light on the competitive landscape of the market that covers the product offerings, services, market shares, and business overview. This Automotive Metal Stamping Market research report covers various dynamic aspects like the market drivers, restraints and challenges, and growth prospects. The prominent and leading companies are profiled in the report.
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.
• 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.
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