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Automotive Stamped Component Market 2018
Automotive Stamped Component Market Share, Size, Trends, And Business Opportunity
Analysis Report 2018 include historic data, with forecast data to 2023. Automotive
Stamped Component Market report is helpful for future strategy development, and to know
about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth,
Trends, key players forecast to 2023
Global Automotive Stamped Component Market Information by Technology (Bending,
Flanging, Embossing, Coining, Blanking), Station Type (Single, Progressive), Stamping
Process (Mechanical, Hydraulic, Pneumatic), Forming Temperature (Hot, Cold), Vehicle
(Passenger, LCV, HCV).
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Market Scenario:
Automotive stamping involves the placing of a sheet of metal on a stamping press and the
use of stamping die and a set of tools for transforming the flat sheet of metal into the
desired shape. This process provides the automobile manufacturers with different forms of
metal, which are ready to be fitted with one another to make the manufacturing process
faster. Thus, these stamped components are ready to use products, which can be installed
in an automobile. The stamping technology is more effective, owing to the increased use of
aluminum sheets in automobile manufacture. Aluminum is known to be strong, and
lightweight. Thus, the power-to-weight ratio of the automobile is greatly increased, aiding
in vehicle efficiency.
The factors that are responsible for the growth of automotive stamped component market
are increased demand for lighter and high performing vehicles, increased expectation for
speedy delivery of the vehicle, higher probability of consumers switching to better and
more efficient automobiles faster. High demand for custom sized carsover the last decade
and cost & time reduction offered by stamped component manufacturing system, are also
some of them. The global automotive stamped component market is expected to grow with
a CAGR of approx. 4 % (2017 to 2023).
Automotive Stamped Component Market Segmentation:
On the basis of technology, the most commonly used processes are bending and blanking,
owing to the ease of operation, low cost of the process, durability of the finished product
and ease of mass production. On the basis of number of stations, the progressive / series
stage operation is more effective in executing mass production while the single stage