The global automotive stamped components market is anticipated to grow at a CAGR of 4.9 % during the forecast period (2022-2028). Automotive stamping entails the placement of a sheet of metal on a stamping press, as well as the use of a stamping die and a set of tools to shape the flat sheet of metal. This procedure provides automobile manufacturers with various types of metal that are ready to be joined together to speed up the manufacturing process. As a result, these stamped components are ready-to-use products that can be installed in a vehicle. Due to the increased use of aluminum sheets in automobile manufacturing, stamping technology has become more efficient. However, the high cost of vehicles and the rising cost of stamping dies is acting as one of the major constraints for the growth of stamped components during the forecasted period.
The increased demand for lighter and more efficient vehicles coupled with increase vehicle production is expected to create demand for the market during the forecast period. Furthermore, the stamped component market is growing as a result of the high demand for custom-sized cars over the last decade, as well as the cost and time savings offered by stamped component manufacturing systems. Furthermore, the widespread use of lead time reduction techniques will gain traction in the market is expected to drive the market growth.
Some major players in the market include Gestamp, Batesville Tool & Die, Trans-Matic, Lindy Manufacturing, Magna, All-New Stamping, and others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in May 2022, Dassault Systemes entered into a partnership with the German automotive manufacturer BMW Group to establish solutions to increase efficiency for vehicle development programmes. The aim is to guide a user through the complex process of die creation in order to reduce cycle time and ramp up with highly automated features.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Forming Temperature
- By Vehicle Type
- By Technology
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Gestamp, Batesville Tool & Die, Trans-Matic, Lindy Manufacturing, Magna, All-New Stamping, and others.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global Automotive Stamped Components Market Report by Segment
By Forming Temperature
- Hot Stamping
- Cold Stamping
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
By Technology
- Bending
- Flanging
- Embossing
- Coining
- Blanking
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