Automotive Sheet Metal Components are made from steel or
aluminum. These are mainly made by the processes such as
cutting, bending, and drawing. Various type of dies and press are
used for manufacturing of automotive sheet metal components.
Rise in demand of the passenger vehicles, increase in manufacture of light weight automobiles, and rise in demand of hybrid and electric vehicle are some of the major factors driving the growth of the automotive sheet metal components market. However, intermittent price of metals is one of the major factor restraining the growth of the automotive sheet metal components market. According to World Steel Association, which is one of the largest and most dynamic industry associations in the world, approximately 30% of the total steel produced in the world is used in automotive sector and mechanical equipment manufacturing.
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Automotive sheet metal component market taxonomy:
On the basis of material type, the global automotive sheet metal components market is classified as
In March 2017, Motherson Sumi Systems Limited (MSSL) successfully acquired 93% shares of Finland’s PKC Group Plc. PKC group is global commercial vehicle industry and MSSL is the leading manufacturer of many automotive parts which provides significant presence in the Europe and American commercial vehicle segment.
Key players in the Global Automotive Sheet Metal Components Market
Some of the key players operating in automotive sheet metal component market include Larsen Manufacturing, LLC, General Stamping and Metal Works, Aleris International, Inc., Mayville Engineering Company, Inc., Paul Craemer GmbH, O'Neal Manufacturing Services, Omax Autos Ltd., Novelis, Inc., and Frank Dudley Ltd.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Website: https://www.coherentmarketinsights.com/
Rise in demand of the passenger vehicles, increase in manufacture of light weight automobiles, and rise in demand of hybrid and electric vehicle are some of the major factors driving the growth of the automotive sheet metal components market. However, intermittent price of metals is one of the major factor restraining the growth of the automotive sheet metal components market. According to World Steel Association, which is one of the largest and most dynamic industry associations in the world, approximately 30% of the total steel produced in the world is used in automotive sector and mechanical equipment manufacturing.
Request Sample of Automotive sheet metal component market: https://www.coherentmarketinsights.com/insight/request-sample/822
Automotive sheet metal component market taxonomy:
On the basis of material type, the global automotive sheet metal components market is classified as
-
Aluminum
-
Steel
-
Interior
-
Drivetrain
-
Engine
-
Exterior
-
Chassis
-
Wholesaler
-
Retailer
-
Online
-
Asia Pacific is the largest region for the automotive metal
sheet components market. China is a leading market for aluminum and
steel sheet components followed by Japan and India. According to
World Steel Association, China is accounted as a number one in steel
production. In 2016, China produces approximately 808 million tonnes
of steel, which is nearly a half of total steel production of the
world. Also, in August 2017, high demand for trucks and passenger
cars in China led to the rise in it sales to around 5.3%. Automotive
Steel metal sheets are more widely used as compare to aluminum
sheets owing to its strength and durability. Therefore demand for
steel sheets will remain dominant in the forecast period. However,
increase in demand of light weight and hybrid vehicles will rise the
demand for aluminum metal sheet components in the forecast period.
-
According to World Steel Association, in 2015, European
Union was estimated as the second largest region for steel
production, with a projected 166 million metric tonnes of global
steel production. Countries of European Union such as Germany,
Italy, France, and Belgium are the top importer and exporter of
steel products. Germany is projected to have exported around 24.7
million metric tonnes of steel and imported around 25 million metric
tonnes. Also, in UK, support from government for the automotive
research and development and the funding of around US$ 1.63 billion
in R&D in car industry for the manufacturing of lightweight
material, low-carbon propulsion, and autonomous vehicles has
augmented the growth of automotive sheet metal components market in
this region.
-
North America’s automotive industry is the largest
automotive manufacturing sector in the world. U.S., Canada, and
Mexico are the top manufacturers of automotive parts. According to
International Trade Administration, Canada is the top exporter of
automotive parts followed by Mexico. Exports of automotive parts of
U.S to European Union shows steady growths since 2012 to 2015, which
increases approximately from US$ 5 billion to US$ 7.2 billion. The
demand for automobiles and rise in technology in automobile
manufacturing increases the demand for automotive sheet metal
components in the market over the forecast period,
In March 2017, Motherson Sumi Systems Limited (MSSL) successfully acquired 93% shares of Finland’s PKC Group Plc. PKC group is global commercial vehicle industry and MSSL is the leading manufacturer of many automotive parts which provides significant presence in the Europe and American commercial vehicle segment.
Key players in the Global Automotive Sheet Metal Components Market
Some of the key players operating in automotive sheet metal component market include Larsen Manufacturing, LLC, General Stamping and Metal Works, Aleris International, Inc., Mayville Engineering Company, Inc., Paul Craemer GmbH, O'Neal Manufacturing Services, Omax Autos Ltd., Novelis, Inc., and Frank Dudley Ltd.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Website: https://www.coherentmarketinsights.com/
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