Automotive metal stamping market is anticipated to grow at a CAGR of 4.9% during the forecast period (2023-2030). The market’s growth is attributed to material development across the globe. Lightweight materials and new material applications have been developed through research and development. These include the production of functional materials such as mild steel materials, vibration damping steel sheets, clad metals, and composite materials made of high-strength steel, aluminum, magnesium, and other materials. According to the MDPI, in January 2022, lightweight metal materials in 2019 was estimated to be 35.7 billion USD. Automakers across the globe are facing the challenge of reducing the body weight of vehicles by 35% relative to those in 2006, to comply with U.S. Corporate Average Fuel Economy (CAFE) regulations by 2025. To address this requirement, research and development of lightweight technologies for material application, functional materials such as mild steel materials, vibration damping steel sheets, and clad metals, as well as composite materials consisting of high-strength steel, aluminum (Al), magnesium (Mg) and other materials, are being conducted.
Get Free Sample link @ https://www.omrglobal.com/request-sample/automotive-metal-stamping-market
Furthermore, the use of lightweight materials in automobiles is essential for reducing the overall weight of the vehicle and improving fuel economy. Approximately 64% of materials used in conventional automobiles are steels, 9% are polymer and composite materials, and 8% are aluminums. Ultra-high-strength steel, Al, and carbon-fiber composites are lighter than mild steel by 20%, 40%, and 50% respectively, but Al and carbon-fiber-reinforced plastics (CFRP) are more expensive than general steel plates. Currently, various materials are being used in the industry to reduce the weights of transportation equipment, such as Al and CFRP.
full report of Automotive Metal Stamping Market available @ https://www.omrglobal.com/industry-reports/automotive-metal-stamping-market
- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Automotive Metal Stamping Market Report Segment
By Process
- Blanking
- Embossing
- Coining
- Flanging
- Bending
- Others (Roll Forming, and Spot Welding)
By End-User
- Automobile Manufacturers
- Commercial Vehicle Manufacturers
- Recreational and Sports Vehicle Manufacturers
- Agricultural and Construction Equipment Manufacturers
- Electric Vehicle (EV) Manufacturers
- Others (Government and Defense Agencies, and Specialty Vehicle Manufacturers)
Global Automotive Metal Stamping Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive metal stamping market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies. Competitive strategies by identifying ‘who-stands-where’ in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/automotive-metal-stamping-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
