Global Automotive Sheet Metal Components Market Overview:
Automotive sheet metal components are flat metal pieces of varying thickness formed by metal forming processes such as cutting, bending and drawing using various types of presses and dies. Considering the growing focus towards fuel conservation and need to cut down the emission, the very market is expected to witness significant growth during forecast period. Some of the key players profiled in the study are Novelis Inc. [United States], Aleris International [United States], Mayville Engineering Company [United States], O'Neal Manufacturing Services [United States], General Stamping & Metalworking Inc. [United States], Larsen Manufacturing [United States], Amada [Japan], Paul Craemer GmbH [Germany], Frank Dudley [United Kingdom] and Omax Autos [India]. According to Market Analyst at AMA, the Global Automotive Sheet Metal Components market may see a growth rate of 4.0%
On the basis of geography, the market of Automotive Sheet Metal Components has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2018. If we see Market by Component, the sub-segment i.e. Interior will boost the Automotive Sheet Metal Components market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Demand for Light weight Vehicles in Order to Increase Fuel Efficiency
- Growing Number of Hybrid and Electric Vehicles
- Stringent Government Regulations Regarding Emission from Automotive
- Focus on Downsizing the Automobile Engine
- Emphasizing on Vehicle's Weight Reduction has Led to Rise in Demand of Aluminium Sheet Metals
- Fluctuating Prices of Steel and Aluminium Metals
- Rising Vehicle Production and Sales Especially in Developing Countries
- Production of Steel Causes GHG (green house gas) Emission and other Adverse Impact on Environment
As stated by Environmental Protection Agency (EPA), fuel economy regulation in United States will require passenger vehicles to achieve an average of 54.5 miles per gallon by the year 2025. Greater fuel efficiency can be achieved by overall vehicle weight reduction, where automotive Sheet Metal Components play important role.
Target Audience:Original Equipment Manufacturers (OEMs), Distributors/Suppliers, Research Institute / Education Institute, Potential Investors, Automotive Industries and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Automotive Sheet Metal Components market on the basis of product [Steel and Aluminum] , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Automotive Sheet Metal Components market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Automotive Sheet Metal Components industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Alcoa Corporation [United States], Prototek Sheetmetal Fabrication, LLC [United States], ABC Sheet Metal [United States], Autoline Industries Ltd [India] and A&E Manufacturing [United States].
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Automotive Sheet Metal Components market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.