1. Market Research
  2. > Automotive Market Trends
The Automotive Metal Stamping Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Automotive Metal Stamping Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

  • March 2022
  • 124 pages
  • ID: 6246190
  • Format: PDF
  • Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

The automotive metal stamping market is valued at USD 99.62 Billion in 2021 and is expected to reach USD 133.57 Billion by 2027 and is projected to grow at CAGR of 5.01% in terms of revenue during the forecast period 2022-2027.

The COVID-19 pandemic affected the global automotive industry. Major vehicle manufacturing industries were shut down their production plant during the pandemic which results decline in vehicle production. Major disruption in supply chain is likely to hamper the automotive industry, which in turn is likely to affect the automotive metal stamping market.

Rising vehicle production and increase in demand for passenger vehicle across the globe is likely to witness major growth for the automotive metal stamping market. However, growing trend towards engine downsizing in order to enhance fuel efficiency and lighter vehicles, light-weight metals such as aluminum is expected to witness huge demand among automotive metal stamping companies. This is likely to witness significant growth for automotive metal stamping market. Growing technology advacemnet such as, laser metal stamping and hydraulic metal stamping which helps to reduce the manufacturing cost is likely to fuel the automotive metal stamping market. Rapid expansion of manufacturing indusutries is also fuelling the automotive metal stamping market across the globe.

Asia-Pacific is dominating the automotive metal stamping market owing to increase in vehicle production across the region. Rapid expansion of small and medium scale manufacturing industries across the region is likely to witness major growth for the market. However, growing use of plastics/composites as metal alternatives is a key factor that would restrain market growth and pose a new threat to the automotive metal stamping market during the forecast period.

Key Market Trends

Blanking Process is expected to witness faster growth

Growing use of metal stamping in automotive industry is witnessing major growth for the market. Blanking process can perform long production runs which require minor changes to the machinery or base material. Major automotive industries prefer blanking process as the process commnly used to produce mass components. The rising demand for efficient vehicles has led to the design of innovative and unique outer body structures, with aerodynamic efficiency in consideration. Blanking metal stamping offers the technology to fabricate metal into smaller and manageable pieces to be more tightly packaged in and around vehicles.

Growing partnership between the manufacturer is witnessing major growth for the metal stamping market. For instance,

In Sep 2021, Toyota Tsusho and SteelSummit Holdings, a subsidiary of Sumitomo Corp. of Americas, announced a joint venture Madison Metal Processing (MMP), with an investment of USD 40 Million. This company is expected to cater to the steel blank needs of the automotive industry, with a focus on Toyota’s vehicles.
In March 2020, Nissan Motor Company, unveiled new machinery required for the existing blanking line at the United Kingdom manufacturing plant. This upgrade was valued at GBP 52 Million as part of the company’s strategy to improve its in-house metal pressing capabilities.

Advancements in technology, such as the usage of hybrid electromagnetically supported sheet metal stamping machines, are positively affecting the market. Rise in automation in blanking process in major manufacturing industries is a key factor for blanking process. The automated blanking process is monitored by computers, and the data is available on a central server, which aids the operator in making important decisions in critical situations. In this process, the pressure is crucial.The blank for automotive metal shaping is frequently formed of sheet metal, which can be stamped, cut, or bent into the desired shape for the body of an automobile.

North America Experiences Highest Growth

North America has major presence of vehicle manufacturer which is likely to enhance the demand for metals like aluminum, steel, and iron, which are the most common metals used in the automotive industry for metal stamping. According to the American Automotive Policy Council, the automotive sector is the largest manufacturing sector in the United States, with production plants of major vehicle manufacturers,including Ford, Chrysler, and General Motors located in the region. These companies are strategically investing in the market to support their future projects. For instance, In November 2021, General Motors announced to invest over USD 46 million at its Parma, Ohio, metal stamping operation to expand equipment upgrades and lay the foundation for the facility to support future product programs

United State has major presence of automotive stamping industries, which is witnessing major expansion of industries across the country. For instance, In July 2020, Challenge Manufacturing, a global supplier of automotive structures in Walker, Michigan, had announced the acquisitions of Great Lakes Metal Stamping’s Cusseta, Alabama location. This acquisition allowed the former to expand its footprint in the Southeast. The company has grown over the past four decades to include 3,500 employees in 10 locations in the United States and Asia.

The United States is the largest market for automobile metal stamping in North America. While the growth rate of the automotive metal stamping market in Latin America, the Middle East, and Africa is currently low due to lower vehicle consumption and production in these countries, the industry is likely to increase in the next years.

Competitive Landscape

The automotive metal stamping market has presence of several players, such as Clow Stamping Company., D&H Industries Inc., Shiloh Industries Inc., PDQ Tool & Stamping Co., Magna International Inc., and Integrity Manufacturing. These Companies are expanding their footprints by new innovative technologies, so that they can have edge over their competitors. However, the market is fragmented with several local players operating in the market.

In Nov 2021, Magna International partnered with Ford to supply battery enclosures to Ford’s F-150 Lightning, with aluminum extrusions and stampings assembled together.
In Oct 2021, Autoneum announced its expansion of aluminum sheet forming technology. The company’s stamped aluminum components prevent electromagnetic interface into electric vehicles and provide cost efficient shielding of batteries.
In February 2021, Magna invests USD 70 million through its body and chassis product group for an electric vehicle manufacturing plant that will build complex battery enclosures for the all-new 2022 GMC Hummer EV.
In September 2017, D&H Industries purchased 2000 Ton Mechanical Press, which may be used for larger tonnage applications in forming both HSLA steel as well as stainless steel. Additionally, it has an SPM of 12 strokes per minute; and may be updated with the latest in press control technology.

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Automotive Adhesives Global Market Opportunities And Strategies To 2031

  • $ 4000
  • July 2022
  • 283 pages

Automotive Adhesives Global Market Opportunities And Strategies To 2031 provides the strategists; marketers and senior management with the critical information they need to assess the global automotive ...

  • World
  • Adhesive
  • Automotive
  • Industry analysis
  • Gross Domestic Product Per Capita
  • Disposable Income

ref:plp2022

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on