DUBLIN--(BUSINESS WIRE)--The "Global Automotive Stamped Components Market 2017-2021" report has been added to ResearchAndMarkets.com's offering.

Global automotive stamped components market to grow at a CAGR of 4.09% during the period 2017-2021.

Global Automotive Stamped Components Market 2017-2021 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is increasing development of new alloys for automotive component manufacturing. Improvement in steel technology has led to the evolution of a new class of high-tensile-strength material referred to as advanced high-strength steel (AHSS). Except for the boron-based hot-forming grades, these materials are designed to be cold-formed in traditional stamping dies and press lines at room temperature.

According to the report, one driver in the market is vehicle production to exceed 100 million units by 2021. The increasing demand for passenger cars and the vogue for SUVs fuel the growth of the automotive industry. The cars, which earlier served the purpose of just commuting, today have turned into a status symbol. The purchasing decision of the buyer is influenced by his/her status quo in the society and not just the performance and comfort of the vehicle. The highest demand for automobiles comes from APAC, and China plays a major role in the global market, which currently drives the automotive industry; China witnessed sales of 3.2 million vehicles in 2016. The rising GDP and higher disposable income along with the tax exemption of 50% in China for small passenger cars rapidly fueled the market.

Further, the report states that one challenge in the market is high cost of stamping dies leading to increase in overall manufacturing cost of a vehicle.

Key Vendors

  • Gestamp
  • Trans-Matic
  • Lindy Manufacturing
  • Batesville Tool & Die
  • All-New Stamping

Other Prominent Vendors

  • thyssenkrupp
  • Hobson & Motzer
  • Magna
  • Lyons Tools and Die

Key Topics Covered

1: Executive Summary

2: Scope of the Report

3: Research Methodology

4: Introduction

5: Market Landscape

6: Market Segmentation by Vehicle Type

7: Geographical Segmentation

8: Decision Framework

9: Drivers and Challenges

10: Market Trends

11: Vendor Landscape

12: Key Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/jpd237/global_automotive?w=4

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Related Topics: Automotive Parts