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Global Automotive Body Stamping Market: By Material Type: Copper Steel, Aluminium; By Technology Type: Hot Stamping, Cold Stamping; By Vehicle Type: Passenger Cars, Commercial Vehicles; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Automotive Body Stamping Market Outlook
The global automotive body stamping market is expected to grow at a CAGR of 4.0% during the period 2023-2028.
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The Global Automotive Body Stamping Market Likely to be Driven by Growth and Innovations in the Automotive Industry
The global market for automotive body stamping is expected to be driven by growth in the automotive industry and need for precise metal components matching novel innovations and growth in the sector. North America, Europe and Asia are projected to be key markets.
In the automotive industry, there is heavy usage of cleanly created solid metal parts and forms forged through metal stamping manufacturing processes. These processes employ specialized dies to press metal sheets into precise forms. Metal stamping processes for components like hub caps and fenders are beneficial to auto manufacturers as the dies can be reused to forge consistently sized and formed parts that fulfil rigid specifications and tolerances.
With time and advances in technology, metal stamping processes have become increasingly developed. Advancements in electromagnetic tools have enabled better interactions with sheet metal and precise positioning. Electromagnetically aided tools can forge complex and intricate shapes while reducing material waste by both make more intricate, complex forms and reduce material waste by reducing margins between stamps. Mechanical presses (involving a mechanical flywheel run by a motor), hydraulic presses (containing pressurized liquids to regulate application and pressure of force), and mechanical servo presses (using motors without mechanical flywheels) are the three common types of metal stamping presses employed for automotive and other industrial parts. These press types can function with automated systems, including automatic feeders, to enhance speed of production and efficiency. Hot and cold stamping are the two approaches used for metal stamping. In hot stamping, steel blanks are heated until they may be deformed. Then, the steel blanks are forged in the desired shape with the help of special dies, and quickly cooled to secure the required shape. In cold stamping, high pressure is used to forge metal sheets into the required form. Under this method, thicker pieces of metal are generally used.
Aluminium, copper and steel are commonly used metals in automotive metal stamping. Each metal has distinct qualities that make the metal suitable to particular applications. For example, aluminium is light weight and has an attractive façade. Further, it readily forms alloys with other metals. Thus, manufacturers employ aluminium to forge visible parts and details. Copper is relatively cheap, corrosion resistant, and gives an appealing finish. It is also reusable and recyclable. Firms use copper to appeal to environmentally sensitive consumers. Stainless steel contains a minimum of 11% chromium which makes it rust and corrosion resistant. It is resilient and offers a shiny and appealing exterior.
Cost-effectiveness Offered by Metal Stamping Likely to Stimulate Growth
Metal stamping is an economical process; it allows producers to fulfil customer expectations by delivering better products without compromising profits. In the automotive industry, passenger vehicles employ metal stamped parts to adhere to safety standards and regulate consumer costs. This cost-effectiveness offered by metal stamping processes is expected to increase demand.
The Need to Keep Vehicles Light and Fuel-efficient Expected to Boost Market Growth
Metal stamping facilitates the manufacture of complex lightweight constituents across materials (such as stainless steel, galvanized steel, high strength low alloy steel, copper, aluminium, brass, etc.) heavily demanded by the automotive sector owing to the need to produce lighter and more fuel-efficient vehicles while maintaining durability and safety. Such need is expected to drive market demand. Further, signal and power distribution systems, communication equipment and flat connection systems warrant metal stamped clips, switches, assemblies, bushings, connectors, and fasteners. Such applications are also likely to stimulate the market.
Global Automotive Body Stamping Market Segmentation
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By material type, the market is segmented into:
- Copper Steel
- Aluminium
By technology type, the market is divided into:
- Hot Stamping
- Cold Stamping
By vehicle type, the market is classified into:
- Passenger Cars
- Commercial Vehicles
By region, the market is segmented into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Industry Players in the Global Automotive Body Stamping Market
The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Clow Stamping Company
- Wisconsin Metal Parts, Inc.
- Tempco Manufacturing Company, Inc.
- American Industrial Co.
- Wiegel Tool Works, Inc.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Material Type, Technology Type, Vehicle Type, Region |
| Breakup by Material Type | Copper Steel, Aluminium |
| Breakup by Technology Type | Hot Stamping, Cold Stamping |
| Breakup by Vehicle Type | Passenger Cars, Commercial Vehicles |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Clow Stamping Company, Wisconsin Metal Parts, Inc., Tempco Manufacturing Company, Inc., American Industrial Co., Wiegel Tool Works, Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Body Stamping Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Body Stamping Historical Market (2018-2022)
8.3 Global Automotive Body Stamping Market Forecast (2023-2028)
8.4 Global Automotive Body Stamping Market by Material Type
8.4.1 Copper Steel
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Aluminium
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Automotive Body Stamping Market by Technology Type
8.5.1 Hot Stamping
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Cold Stamping
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Automotive Body Stamping Market by Vehicle Type
8.6.1 Passenger Cars
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Commercial Vehicles
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Automotive Body Stamping Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Automotive Body Stamping Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Automotive Body Stamping Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Automotive Body Stamping Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Automotive Body Stamping Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Automotive Body Stamping Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Clow Stamping Company
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Wisconsin Metal Parts, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Tempco Manufacturing Company, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 American Industrial Co.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Wiegel Tool Works, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Body Stamping Market: Key Industry Highlights, 2018 and 2028
2. Global Automotive Body Stamping Historical Market: Breakup by Material Type (USD Million), 2018-2022
3. Global Automotive Body Stamping Market Forecast: Breakup by Material Type (USD Million), 2023-2028
4. Global Automotive Body Stamping Historical Market: Breakup by Technology Type (USD Million), 2018-2022
5. Global Automotive Body Stamping Market Forecast: Breakup by Technology Type (USD Million), 2023-2028
6. Global Automotive Body Stamping Historical Market: Breakup by Vehicle Type (USD Million), 2018-2022
7. Global Automotive Body Stamping Market Forecast: Breakup by Vehicle Type (USD Million), 2023-2028
8. Global Automotive Body Stamping Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Automotive Body Stamping Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Automotive Body Stamping Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Automotive Body Stamping Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Automotive Body Stamping Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Automotive Body Stamping Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Automotive Body Stamping Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Automotive Body Stamping Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Automotive Body Stamping Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Automotive Body Stamping Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Automotive Body Stamping Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Automotive Body Stamping Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Automotive Body Stamping Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 4.0% between 2023 and 2028.
The major drivers of the market include the growing expansion of the automotive industry owing to the rising disposable income, increasing working-class population, increasing inclination of youth towards aesthetically appealing automobiles, and rapid urbanisation.
The growing R&D activities by the major automotive players to manufacture light-weight automotive components are expected to be the key trends guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Copper steel and aluminium are the major material types included in the market report.
Hot stamping and cold stamping is the market bifurcation based on technology type.
Passenger cars and commercial vehicles are the different vehicle types based on which the market has been bifurcated.
The major players in the industry are Clow Stamping Company, Wisconsin Metal Parts, Inc., Tempco Manufacturing Company, Inc., American Industrial Co., and Wiegel Tool Works, Inc., among others.
Analyst Review
The global automotive body stamping market is being driven by the growing expansion of the automotive industry, thriving transportation sector, rising disposable income, increasing standard of living, and growing expansion of the major automotive players. Aided by the growing R&D activities by the key manufacturers to develop lightweight and fuel-efficient cars, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.0%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on material type, the market is divided into copper steel and aluminium. On the basis of technology type, the market is divided into hot stamping and cold stamping. By vehicle type, the market has been segmented into passenger cars and commercial vehicles. The major regional markets for automotive body stamping are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Clow Stamping Company, Wisconsin Metal Parts, Inc., Tempco Manufacturing Company, Inc., American Industrial Co., and Wiegel Tool Works, Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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