Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Automotive Stamped Components Market Research Repo

Report Information
More information from: https://www.marketresearchfuture.com/reports/5698
Automotive Stamped Component Market Research Report -
Forecast to 2023
Report / Search Code: MRFR/AM/4243-HCRR
Publish Date: June, 2018
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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).
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