Stamping is a metal working process by which a desired shape and structure of a material is achieved. This metal working process is adopted in manufacturing industries engaged in processing of hardened surfaces such as sheet metal and plastics components. Since 2010, the demand for automobiles has increased exponentially after the global economic downturn during 2009. The increase in usage of stamping machines in the automotive sector attributed to the growth of stamped automotive parts and is forecast to expand at a increasing growth rates during 2016-2026.
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Automotive Stamping Market Dynamics
The market for stamping machines in the automotive sector is driven by reduced lead times required for manufacturing vehicles. The machines are extremely versatile as different modules can be achieved by changing the necessary die. This process has also led to reduced labor requirements as the process can be automated with the help of computers thereby reducing the labor costs. The process helps in reducing scrap wastage as precise amount of raw material is utilized. The production cost incurred in the stamping process is very low and is replacing other metal working processes such as forging and die-casting.
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Automotive Stamping Market: Segmentation
Some of the major players which provide the Automotive Industry with Stamping Presses are
- Schuler Group
- AIDA Global
- Orchid International
- Eagle Press & Equipment Co. Ltd.
- Hyundai Rotem
- MacRodyne Hydraulic Presses & Automation
- Santec Group
- Jier North America
- Ridgeview Industries
- Bliss-Bret Industries
On the basis of forming temperature, Automotive Stamping Market can be segmented as:
- Hot Stamping
- Cold Stamping
On the basis of Stamping process, Automotive Stamping Market can be segmented as:
- Mechanical Process
- Hydraulic Process
- Pneumatic Process
On the basis of the number of stations required, Automotive Stamping Market can be segmented as:
- Single Tool Station
- Progressive Stations
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint