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.
Highlights from Automotive Sheet Metal Components Market Study
|Largest Market||Asia Pacific|
|Unit||Value (USD Million)|
The key Vendors profiled in the report 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]. Additionally, other players that are part of this comprehensive study 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].
Geographic Breakdown and Segment Analysis
The Global Automotive Sheet Metal Components market presents a comprehensive analysis of the Automotive Sheet Metal Components market by product type (Steel and Aluminum), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Automotive Sheet Metal Components industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the Asia Pacific holds majority of market share of the Automotive Sheet Metal Components market
Analyst at AMA have segmented the market study of Global Automotive Sheet Metal Components market by Type, Application and Region. On the basis of Type, Steel are dominating the market in the year 2022 where as Aluminium stood as second largest market share.
Focus on Downsizing the Automobile Engine and Emphasizing on Vehicle's Weight Reduction has Led to Rise in Demand of Aluminium Sheet Metals
Market Growth Drivers:
Rising Demand for Light weight Vehicles in Order to Increase Fuel Efficiency, Growing Number of Hybrid and Electric Vehicles and Stringent Government Regulations Regarding Emission from Automotive
Production of Steel Causes GHG (green house gas) Emission and other Adverse Impact on Environment
Fluctuating Prices of Steel and Aluminium Metals
Rising Vehicle Production and Sales Especially in Developing Countries
Market Developments Activities:
In May 2023, NovelisInc., a leading sustainable aluminum solutions provider and world leader in aluminum rolling and recycling, announced the launch of a new roll-forming development line. The new development line will help Novelis meet industry demand for a process that enables high-volume production of high-strength aluminum automotive parts.
Regulatory Insights:As stated by Environmental Protection Agency (EPA), fuel economy regulation in the 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 an important role.
Key Target AudienceOriginal Equipment Manufacturers (OEMs), Distributors/Suppliers, Research Institute / Education Institute, Potential Investors, Automotive Industries and Others