The global automotive stamping market is projected to reach a value pool of US$ 10,490.0 Million in 2022 with a modest CAGR of 5.3% from 2022 to 2032. By 2032, it is anticipated that the global market for automotive stamping will be worth $17,581.6 million.
By using the metalworking technique of stamping, a material’s intended shape and structure can be obtained. This technique for working with metal is used in manufacturing sectors that handle components made of sheet metal and other harsh surfaces. More than 80% of the parts that make up a car are made using the stamping process, which serves as the foundation for the entire building process in the automotive industry. The outside build components as well as the inner structural components are produced by this process.
After the worldwide economic downturn of 2016, the demand for autos has grown dramatically since 2015. Due to the automobile industry’s slowing expansion, there has been an increase in the need for stamping machines. The rise in the use of stamping machines in the automotive industry, which is directly related to the expansion of stamped automotive parts, is anticipated to continue between 2022 and 2032 at a rising growth rate.
Key Players:
- 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
