- FMA
- The Fabricator
- FABTECH
- Canadian Metalworking
Categories
- Additive Manufacturing
- Aluminum Welding
- Arc Welding
- Assembly and Joining
- Automation and Robotics
- Bending and Forming
- Consumables
- Cutting and Weld Prep
- Electric Vehicles
- En Español
- Finishing
- Hydroforming
- Laser Cutting
- Laser Welding
- Machining
- Manufacturing Software
- Materials Handling
- Metals/Materials
- Oxyfuel Cutting
- Plasma Cutting
- Power Tools
- Punching and Other Holemaking
- Roll Forming
- Safety
- Sawing
- Shearing
- Shop Management
- Testing and Measuring
- Tube and Pipe Fabrication
- Tube and Pipe Production
- Waterjet Cutting
Industry Directory
Webcasts
Podcasts
FAB 40
Advertise
Subscribe
Account Login
Search
Research predicts automotive metal stamping market worth $112.38 billion by 2024
- August 2, 2016
- News Release
- Bending and Forming
The global automotive metal stamping market is expected to reach $112.38 billion by 2024, according to a report by Grand View Research Inc. The growth is anticipated because of the rising demand in the automotive industry and low manufacturing costs. Increasing sheet metal usage in automobile chassis, transmission components, and interior and exterior structural components is expected to drive market growth over the forecast period.
Growing use of alloys such as titanium, cast aluminum, cast iron, and forged steel still form an integral part of automotive engines. Furthermore, technological advancements, including the use of hybrid electromagnetically assisted sheet metal stamping machines, is expected to have a positive impact on industry growth.
The automotive manufacturing sector in Asia Pacific and Latin America is rapidly developing with major overseas OEMs establishing production plants to capture the local automobile demand.
Further key findings from the report suggest:
- The blanking automotive stamping process accounted for more than 35 percent of the revenue share in 2015. Rising use of the technology in mass production lines is expected to propel demand over the forecast period.
- Coining technology is expected to witness significant growth, growing at a CAGR of more than 3 percent from 2016 to 2024. Growing use of the technology in manufacturing precision parts that require finer polished surface finishes is likely to propel demand.
- Automotive metal stamping demand in commercial vehicles was valued at more than $20 billion in 2015. Growing use of the technology in manufacturing components and body work in commercial vehicles is likely to propel demand over the next eight years. The manufacturing of commercial vehicles has been continuously growing in China, Japan, Germany, and the U.S.
- North American demand for automotive metal stamping in cars was more than 6 billion in 2015. Rising production of automobiles including cars and heavy trucks is expected to increase demand for the technology in the next eight years.
A sample of this report can be requested at www.grandviewresearch.com/industry-analysis/automotive-metal-stamping-market/request.
subscribe now
The Fabricator is North America's leading magazine for the metal forming and fabricating industry. The magazine delivers the news, technical articles, and case histories that enable fabricators to do their jobs more efficiently. The Fabricator has served the industry since 1970.
start your free subscription- Stay connected from anywhere
Easily access valuable industry resources now with full access to the digital edition of The Fabricator.
Easily access valuable industry resources now with full access to the digital edition of The Welder.
Easily access valuable industry resources now with full access to the digital edition of The Tube and Pipe Journal.
Easily access valuable industry resources now with full access to the digital edition of The Fabricator en Español.
- Podcasting
- Podcast:
- The Fabricator Podcast
- Published:
- 04/16/2024
- Running Time:
- 63:29
In this episode of The Fabricator Podcast, Caleb Chamberlain, co-founder and CEO of OSH Cut, discusses his company’s...
- Trending Articles
Tips for creating sheet metal tubes with perforations
JM Steel triples capacity for solar energy projects at Pennsylvania facility
Are two heads better than one in fiber laser cutting?
Supporting the metal fabricating industry through FMA
Omco Solar opens second Alabama manufacturing facility
- Industry Events
16th Annual Safety Conference
- April 30 - May 1, 2024
- Elgin,
Pipe and Tube Conference
- May 21 - 22, 2024
- Omaha, NE
World-Class Roll Forming Workshop
- June 5 - 6, 2024
- Louisville, KY
Advanced Laser Application Workshop
- June 25 - 27, 2024
- Novi, MI