SAN FRANCISCO, August 2, 2016 /PRNewswire/ --
The global automotive metal stamping market is expected to reach USD 112.38 billion by 2024, according to a new report by Grand View Research, Inc. The industry is anticipated to grow owing to the rising demand in automotive industry and low manufacturing cost. Increasing sheet metal usage in the production of automobile chassis, transmission components, interior & exterior structural components are expected to drive market growth over the forecast period.
(Logo: http://photos.prnewswire.com/prnh/20150105/723757 )
Growing use of alloys such as titanium, cast aluminum, cast iron, and forged steel still form an integral part of automotive engines. Furthermore, technological advancements including the use of hybrid electromagnetically assisted sheet metal stamping machines which significantly reduces failures by controlling the strain distribution during stamping is expected to have a positive impact on industry growth.
The automotive manufacturing sector in Asia Pacific and Latin America is rapidly developing with major overseas OEMs establishing production plants to capture the local automobile demand. This has enabled technology transfer to these regions, thus promoting industry growth over the next eight years.
Browse full research report with TOC on "Automotive Metal Stamping Market Analysis By Technology (Blanking, Embossing, Bending, Coining, Flanging), By Application (Cars, Commercial Vehicles, Recreational Vehicles, Transportation) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/automotive-metal-stamping-market
Further key findings from the report suggest:
Request for sample of this research report: http://www.grandviewresearch.com/industry-analysis/automotive-metal-stamping-market/request
Grand View Research has segmented the automotive metal stamping market on the basis of technology, application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Read Our Blogs - mediafound.org , grandviewresearch.com/blogs/technology
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Share this article