The Automotive Sheet Metal Components by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automotive Sheet Metal Components , The automotive sheet metal components market size has grown steadily in recent years. It will grow from $129.21 billion in 2023 to $135.22 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to traditional manufacturing processes, vehicle production volumes, cost-effectiveness, structural strength requirements, design flexibility.
The automotive sheet metal components market size is expected to see steady growth in the next few years. It will grow to $162.86 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to electric vehicle adoption, integration of advanced safety features, global regulatory standards, smart connectivity requirements, supply chain resilience. Major trends in the forecast period include lightweighting for fuel efficiency, complex geometries and advanced forming techniques, electrification impact on component design, increased use of aluminum alloys, supply chain resilience and localization.
The rising demand for electric vehicles is expected to propel the growth of the automotive sheet metal components market going forward. The electric vehicle is automotive that can be powered by an electric motor that takes electricity from a battery and can be charged from an external source. Electric vehicles (EVs) rely significantly on lightweight materials to boost efficiency, automakers are expected to replace typical steel components with aluminum, magnesium, and other lightweight alloys, this shift in material preferences is likely to boost demand for sheet metal components that can be shaped, stamped, and welded into complicated forms. For instance, in September 2022, according to the Global EV Outlook 2022 report, electric vehicle (EV) sales had doubled from the previous year in 2021, reaching a new high of 6.6 million units sales. Additionally, the sales of electric cars worldwide in 2021 have a sales share of 4%. Therefore, the rising adoption of electric vehicles will drive the automotive sheet metal components market.
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The automotive sheet metal components market covered in this report is segmented –
1) By Material: Steel, Aluminum
2) By Distribution Channel: Offline Sales, Online Sales
3) By Application: Interior, Drivetrain, Engine, Exterior, Chassis
Top Major Players:
- Novelis Inc.
- Aleris International Inc.
- General Stamping and Metal Works
- O’Neal Manufacturing Services
- Mayville Engineering Company Inc.
Asia-Pacific was the largest region in the automotive sheet metal components market in 2023.
Technological advancements are a key trend gaining popularity in the automotive sheet metal components market. Major companies operating in the automotive sheet metal components market are focused on developing innovative solutions to strengthen their position in the market. For instance, in September 2022, Desktop Metal Inc., a US-based firm specializing in designs and 3D printing systems., launched the Figur G15. It is a platform for moulding standard sheet metal on demand directly from a digital design file, using cutting-edge Digital Sheet Forming (DSF) technology that removes the need for stamping equipment, moulds, dies, or presses. With a proprietary build box design that reduces force distribution throughout the sheet during construction, this technique maintains excellent precision while forming in a flexible, progressive way. It lowers the high initial costs and long lead times associated with specialised tools, moulds, and dies, allowing sheet metal manufacturers to reap the benefits of digitalization while improving business agility and making sheet metal forming accessible to new applications at a variety of volumes.
The automotive sheet metal components market report table of contents includes:
1. Executive Summary
2. The Automotive Sheet Metal Components Market Characteristics
3. The Automotive Sheet Metal Components Market Trends And Strategies
4. The Automotive Sheet Metal Components Market - Macro Economic Scenario
5. The Automotive Sheet Metal Components Market Size and Growth
…….
26. Global Automotive Sheet Metal Components Market Competitive Benchmarking
27. Global Automotive Sheet Metal Components Market Competitive Dashboard
28. Key Mergers and Acquisitions In Automotive Sheet Metal Components Market
29. Automotive Sheet Metal Components Market Future Outlook and Potential Analysis
30. Appendix
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Induced in the year 2010, Micro Industries is the topmost Sheet Metal Parts Components Manufacturer in India.
We manufacture excellent quality sheet metal parts, pressed metal components and sheet assembly, etc.
For more information, visit our website link - http://www.micro-industries.com/sheet-metal-components.php
The global Automotive Structural Sheet Metal Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the automotive structural sheet metal market include Aleris International, Inc., Amada Co. Ltd., Frank Dudley Ltd., General Stamping and Metal Works, Larsen Manufacturing, LLC, Mayville Engineering Company, Inc., Novelis, Inc., O’Neal Manufacturing Services, Omax Autos Ltd. and Paul Craemer GmbH.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Automotive Structural Sheet Metal Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/automotive-structural-sheet-metal-market/download-sampleMarket DynamicsBooming automotive industry on account of increased sales of automotive vehicles is driving the market growth.
However, the volatile price of raw material may hamper the market growth.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities.
Market ScopeMarket Research Future (MRFR) expects the Automotive Structural Sheet Metal market 2020 to gain considerable impetus at a high rate between 2018 and 2023, which is the evaluation period.
We will provide COVID-19 impact analysis with the report, offering all the key developments that can affect the market post the coronavirus disease outbreak.Get free sample pdf @ https://www.marketresearchfuture.com/sample_request/5288Notable Boosters and Main ChallengesThe substantial growth of the Automotive Structural Sheet Metal Market in recent years has been the result of the surge in car ownership and the expanding automotive industry worldwide.
The large-scale production of different vehicle models can also be a plus point for the global market.
The increasing per capita income and the consequent boom in the automobile sales can also provide lucrative opportunities to the automotive structural sheet metal market in emerging regions.The weight reduction in vehicles is an emerging trend, with the rising use of light weight metal components also gaining speed among automakers since these have excellent specific strength and low density.
Technological innovations in manufacturing of structural sheet metals like coining techniques and hybrid electromagnetically assisted sheet metal stamping machines can also amp up the industry growth in the coming years.On the downside, the market growth can be negatively impacted by the fluctuations in the price of aluminum and steel, which are some of the commonly used structural sheet metals.
Both the regions are known for their well-developed automotive sectors with heavy concentration of world renowned automakers like Ford, BMW and Fiat.
From fenders, bumpers and side skirts, to inner structures, doorframes and ABC pillars—a variety of crucial automotive parts and equipment are manufactured using sheet metal stamping.
In order to achieve the best designs possible, most of this work involves custom sheet metal stamping, giving the manufacturer the freedom to achieve the exact shape, dimensions and design details they want, with no constraints.
A typical auto manufacturer today is able to produce 50-60 car panels in-house, requiring upwards of 150 dies to achieve this quota.
For most of these dies, there is a comprehensive custom design process to meet the precision measurement tolerances required for each piece.
Even a seemingly simple automotive door panel design may take upwards of 3 or more dies to complete according to the exact design specifications.
For this and many other reasons, a trusted metal stamping manufacturer is essential for consistently producing a quality product at a large scale.
