Global Automotive Stamped Component Market to Register approx. 4% CAGR from 2017 - 2023; Asserts MRFR Releasing Insights up to 2023
Automotive Stamped Component Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2023. Automotive Stamped Component Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023
Key Players:
Fervent players leading the global automotive stamped component market include Trans-Matic Manufacturing Inc. (U.S.), Gestamp Automoción (Spain), Lindy Manufacturing (U.S.), All-New Stamping Company (U.S.), Batesville Tool & Die Inc. (U.S.), ThyssenKrupp AG (Germany), Hobson & Motzer Inc. (U.S.). Lyons Tool & Die Co (U.S.), Magna International Inc. (Canada), Acro Metal Stamping Company (U.S.), Clow Stamping Inc. (U.S.), Manor Tool and Manufacturing Company (U.S.), Shiloh Industries, Inc. (U.S.), Martinrea International Inc. (Canada), and Kenmode Tool and Engineering, Inc. (U.S.).
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The stamped component can be found in almost every system of automotive from fuel delivery systems to airbag components. The focus on quality that only metal stamping specialists can ensure is a key factor that unifies these disparate stamped components in an automotive.
over the past few years, the global automotive stamped component market has been growing rapidly mainly due to the burgeoning automotive manufacturing sector, worldwide, that is witnessing increasing unit sales and production. Furthermore, technological advancements transpired in the field is a key driving force escalating the market on the global height.
Acknowledging the kind of traction gained by this market, Market Research Future (MRFR) in its recently published study report asserts that the global automotive stamped component market is estimated to expand exponentially by 2023 registering approximately 4% CAGR during 2017 to 2023.
Additionally, factors substantiating the growth of the market include the ever-increasing population and urbanization. Improving economic conditions are improving people’s quality of lives, increasing consumer’s purchasing power. Technological advancements transpired in the automotive field coupled with the demand from the automotive industry for more efficient and responsive, manufacturing processes are providing impetus to the market growth.
On the other hand, high investment capital and concerns associated with the establishment of processes are impeding the market growth. Nevertheless, increasing number of automotive unit sale worldwide is expected to support the market growth, attracting multiple investors to the market.
Global Automotive Stamped Component Market - Segments:
MRFR has segmented its analysis into six key dynamics for the convenience of understanding;
By Technology: Bending, Flanging, Embossing, Coining, and Blanking among others.
By Station Type: Single, and Progressive among others.
By Stamping Process : Mechanical, Hydraulic, and Pneumatic among others.
By Forming Temperature: Hot and Cold.
By Vehicle Types: Passenger Vehicles, Light Commercial Vehicles (LCV), and Heavy Commercial Vehicles (HCV) among others.
By Regions: Europe, North America, APAC and Rest-of-the-World.
Automotive Stamped Component Market Regional Analysis
The Asia Pacific region, heading with its burgeoning automotive manufacturing sector, is expected to remain the largest market for automotive stamped component. The vehicle production rate is growing rapidly in the region. India and China are emerging as major automotive hubs.
Increasing awareness about technological developments is a key driving factor pushing up the market growth, driving the demand for automotive stamped components in the region. Furthermore, factors such as the increasing population and urbanization led by the improving economic conditions that are increasing the purchasing power of consumers are driving the growth of the automotive stamped component market.
The automotive stamped component market in the North American region accounts for the second largest market owing to the presence of many well-established key players. Factors such as increasing vehicle production are supporting the market growth, creating significant opportunities for the automotive stamped component market to grow rapidly.
On the other hand, the European region is rapidly emerging as a promising market for automotive stamped component. Europe has been the global automotive hub for research and innovation. The resurging economy in the region is playing a vital role in the growth of the automotive stamped component market in the region.
Global Automotive Stamped Component Market – Competitive Analysis
The highly competitive market of the automotive stamped component appears fragmented owing to the presence of several large and small key players accounting for a substantial market share. Matured players incorporate acquisition, collaboration, partnership, expansion, product & technology launch to gain the competitive edge.
Market players emphasis on product development initiatives and expansion in the emerging regions. The market is estimated to witness constant development and innovations of new products, which will resultantly turn into intensifying the competition among the players.
These players invest heavily in the R&D to develop a technology that is entirely on a different level compared to their competition. They strive to develop products with adept technologies, unique design, and features.
Industry/ Innovation/ Related News:
October 04, 2018 – Amara Raja (India), a leading global battery maker announced that it has acquired the license for the production of advanced stamped grid plate technology in an agreement with Johnson Control Technology Company (JC). The acquired license will help the company to manufacture lead-acid batteries in the country.
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