Automotive Metal Stamping Market: Overview Of The Key Driving Forces To Create Positive Impact On The Industry Growth 2017 - 2025
Automotive metal stamping is a method of processing sheet metals and converting the same into various shapes and sizes as per the specific requirement and application in automobiles. Metal stamping of sheet metals includes five major processes such as blanking, embossing, bending, coining and flanging among others. In blanking process, a piece of the sheet metal is cut into a blank or number of blanks. Embossing involves the work of stretching the materials into shallow depressions in order to add various decorative patterns. Increasing production of vehicles and rising demand for passenger vehicles is a major driving factor for the automotive metal stamping market. In addition, rising trend of engine downsizing in order to have better fuel efficient and lighter vehicles, light-weight metals such as aluminum is expected to be of huge demand among automotive metal stamping manufacturers in the coming years. Moreover, growth in the automotive sector and rising investments in automotive m...