Automotive Metal Stamping Market Outlook 2031:
The global automotive metal stamping market size was valued at USD 106.81 Billion in 2022 and is expected to reach USD 164.28 Billion by 2031 projected to expand at a CAGR of 4.9% during the forecast period, 2023 – 2031. The growth of the market is attributed to the rapid growth in the automotive industry. Moreover, the reduced lead times required for manufacturing vehicles is driving the market growth.
Stamping, also known as pressing, is the process of placing flat sheet metal in blank or coil form into a stamping press where a tool and die surface forms the metal into a net shape.
Stamping includes a variety of sheet-metal forming manufacturing processes, such as punching using a machine press or stamping, blanking, embossing, bending, flanging, and coining. This could be a single stage operation where every stroke of the press produces the desired form on the sheet metal part or could occur through a series of stages.
The process is usually carried out on sheet metal. Progressive dies are commonly fed from a coil of steel. The coil reel is unwind using a straightener to level the coil and then into it passed through feeder, which advances the material into the press and die at a predetermined feed length. Depending on part complexity, the number of stations in the die can be determined.
Automotive Metal Stamping Market Trends, Drivers, Restraints, and Opportunities:
- Reducing manufacturing costs by converting sheet metal into desired shapes and sizes is excepted to propel the market growth.
- Increasing production of the vehicles and rising presence of large number of manufacturers is anticipated to boost the market growth.
- Ongoing technological innovations such as presence of hybrid-electromagnetic metal stamping machines, which reduce the chances of breakdowns during stamping, can positively impact on industry growth.
- Rising emergence of plastics/composites as metal substitutes can hinder the market growth.
- Rising R&D activities can create new opportunities for automotive metal stamping market during the forecast period.
Scope of Automotive Metal Stamping Market Report
The report on the global automotive metal stamping market research report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Automotive metal stamping market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Technology (Blanking, Embossing, Coining, Flanging, Bending, and Others), Processes (Roll forming, Hot Stamping, Sheet Metal Forming, Metal Fabrication, and Others), and Vehicle Types (Passenger Cars and Commercial Vehicles)
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Regional Scope
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North America, Latin America, Europe, Asia Pacific and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Clow Stamping Company., D&H Industries Inc., Shiloh Industries Inc., PDQ Tool & Stamping Co., Magna International Inc., and Integrity Manufacturing
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Global Automotive Metal Stamping Market Segment Insights
Bending segment to dominate the market share
Based on technology, the market is segmented into blanking, embossing, coining, flanging, bending, and others. The bending segment is expected to hold dominant position during the forecast period. Bent parts are utilized in several applications such as indoor hinges, wheels, and engine assembly.
Hot stamping to account a considerable market share
On the basis of processes, the global automotive metal stamping market is segmented into roll forming, hot stamping, sheet metal forming, metal fabrication, and others. The hot stamping to account for a considerable market share owing to reduced manufacturing cost. This is due to the reduced wastage during hot stamping process.
Passenger cars segment is to hold major market share
In terms of vehicle types, the market is divided into passenger cars and commercial vehicles. The passenger cars segment is anticipated to hold a major market share owing to growing production for passenger vehicles in developing and developed economies. Increasing demand for automobiles in developing economies can be attributed due to the increasing working population, rapid industrialization, and growing number of middle-income level groups.
North America to account a significant market share
Based on regions, the global automotive metal stamping market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America market is speculated to hold a significant market share owing to growing demand for automobile in the region owing to increasing purchasing power of people and presence of large number of manufacturers. On the other hand, the market in Asia Pacific is anticipated to exhibit a high CAGR in the projected timeline.
Segments
The global automotive metal stamping market has been segmented on the basis of
Technology
- Blanking
- Embossing
- Coining
- Flanging
- Bending
- Others
Process
- Roll forming
- Hot Stamping
- Sheet Metal Forming
- Metal Fabrication
- Others
Vehicle Types
- Passenger Cars
- Commercial Vehicles
Regions
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players
Competitive Landscape
Key players operating in the Global Automotive metal stamping market includes Clow Stamping Company., D&H Industries Inc., Shiloh Industries Inc., PDQ Tool & Stamping Co., Magna International Inc., and Integrity Manufacturing.
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