About Automotive Stamped Components
Stamping (also known as pressing) is the process of placing flat sheet metal into a stamping press where a tool and die surface form 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 press, blanking, embossing, bending, flanging, and coining. The various stamped components in the automotive industry are A-pillar, C-pillar, and cowl panel firewall. The stamping components are the finished products and ready to be installed in a vehicle.
Technavio’s analysts forecast the global automotive stamped components market to grow at a CAGR of 4.09% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive stamped components market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Stamped Components Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive stamped components market: Gestamp, Trans-Matic, Lindy Manufacturing, Batesville Tool & Die, and All-New Stamping.
Other Prominent Vendors in the market are: thyssenkrupp, Hobson & Motzer, Magna, and Lyons Tools and Die.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing development of new alloys for automotive component manufacturing. Improvement in steel technology has led to the evolution of a new class of high-tensile-strength material referred to as advanced high-strength steel (AHSS). Except for the boron-based hot-forming grades, these materials are designed to be cold-formed in traditional stamping dies and press lines at room temperature.”
According to the report, one driver in the market is vehicle production to exceed 100 million units by 2021. The increasing demand for passenger cars and the vogue for SUVs fuel the growth of the automotive industry. The cars, which earlier served the purpose of just commuting, today have turned into a status symbol. The purchasing decision of the buyer is influenced by his/her status quo in the society and not just the performance and comfort of the vehicle. The highest demand for automobiles comes from APAC, and China plays a major role in the global market, which currently drives the automotive industry; China witnessed sales of 3.2 million vehicles in 2016. The rising GDP and higher disposable income along with the tax exemption of 50% in China for small passenger cars rapidly fueled the market.
Further, the report states that one challenge in the market is high cost of stamping dies leading to increase in overall manufacturing cost of a vehicle. The automotive die stamping equipment has a high initial cost. The cost of a stamping equipment averages to $80 million. The plant needs to be frequently updated with lines to reach the breakeven and start making profits. The stamping equipment has a lifespan of an average 1 million stamps, but the annual maintenance associated with it is also very high. Every new equipment added requires updating of the existing lines and synchronizing. 35% of the vehicle cost is associated with the stamped parts, which is equal to more than $1230. The return on investment heavily depends on the addition of new lines and the synching of the existing line to the new one.
Gestamp, Trans-Matic, Lindy Manufacturing, Batesville Tool & Die, and All-New Stamping, thyssenkrupp, Hobson & Motzer, Magna, and Lyons Tools and Die.
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