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Global Automotive Body Stamping Market to Grow at a CAGR of 4.0% During the Period 2022-2027, Driven by Growth in the Automotive Sector

According to a new report by EMR titled, ‘Global Automotive Body Stamping Market Report and Forecast 2022-2027’, the global automotive body stamping market is expected to grow at a CAGR of 4.0% during the period 2022-2027, led by innovations in the automotive industry and cost-efficiency of metal stamping.

Growth in the automobile industry and the requirement for precise metal components to match advancements and innovations in the sector are likely to drive the global automotive body stamping market. Further, the cost-effectiveness offered by metal stamping and the need of the automotive industry to keep vehicles light and fuel-efficient while maintaining durability and safety are factors expected to stimulate the market. North America, Europe and Asia are projected to be key markets.

Cleanly formed solid metal parts and shapes forged using metal stamping production procedures are widely used in the automotive sector. Metal sheets are pressed into precise shapes using specialized dies in these operations. Automakers benefit from metal stamping methods for components such as hub caps and fenders because the dies may be reused to fashion consistently sized and shaped pieces that meet stringent standards and tolerances.

Key benefits of metal stamping include:

Cost-efficiency - Once made, producers may use dies to fashion high-volume runs of automotive parts economically. Metal stamping techniques can treat various types of metal, allowing firms significant levels of flexibility without extra cost. The metal stamping dies are cost-efficient to create and maintain good working condition.

Material-efficiency - Metal stamping operations employ sheet metal to forge parts. Sheet metal does not add inefficient bulk or thickness to the unit, and may be used to produce a range of parts, such as structural elements, chassis, and mechanical constituents in the engine or transmission systems.

Automation - Metal stamping processes can be completely automated, reducing the risk of human error and inconsistency. Automation thus saves labour cost and offers superior quality.

Precision - Complex and intricate designs can be forged with significant precision through metal stamping. The process gives almost no error in the final product. Further, the number of faulty or damaged units is minimized.

Metals such as aluminium, copper, and steel are frequently used in vehicle metal stamping. Each metal has unique properties that make it appropriate for specific uses. Aluminium, for example, is lightweight and has a pleasing appearance. Furthermore, it is easily alloyed with other metals. Thus, aluminium is used to forge visible components and details. Copper is relatively economical, corrosion-resistant, and has visual appeal. It can also be reused and recycled. Copper is used by companies to appeal to environmentally conscious customers. Stainless steel has a minimum of 11% chromium, making it resistant to rust and corrosion. It is robust and has a gleaming, pleasing facade.

Key Findings of the Report:

  • Growth and innovations in the automobile industry are likely to drive the market for automotive body stamping.
  • Companies’ need to reduce vehicle weight and enhance fuel-efficiency, and the cost-efficiency offered by metal stamping procedures are expected to stimulate the market.
  • North America, Europe and Asia are expected to be significant markets.

Market Analysis by Material Type, Technology Type, Vehicle Type, and Region:

  • By material type, the market is segmented into Copper Steel and Aluminium.
  • By technology type, the market is divided into Hot Stamping and Cold Stamping.
  • By vehicle type, the market is classified into Passenger Cars and Commercial Vehicles.
  • By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

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