Product Code: ETC043624 | Publication Date: Jun 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India automotive stampings market is expected to reach $7.85billion by 2026, growing at a CAGR of 5.3% during the forecast period (2020-2026). Automotive stamping is an important process for manufacturing parts and components used in automobiles? body structure due to its high efficiency and cost effectiveness. This process helps in producing components with improved strength and durability that are required for vehicles meeting global safety standards, such as those set by Euro NCAP or New Car Assessment Program (NCAP). The rising demand for passenger vehicles across emerging countries will fuel the growth of this market over the coming years.
Increasing Demand from Passenger Vehicle Segment: An increase in disposable income coupled with upward revisions in economic conditions has resulted in more people opting to purchase cars instead of two-wheelers across the globe ? especially in India, China, Japan, and South Korea. As a result, there is increasing demand from newly manufactured passenger vehicle segment which will drive the growth opportunities for automotive stampings market during forecast period 2020-2026. Growing Safety Concerns among Consumers: Rising concerns towards road safety have driven governments worldwide to make it mandatory for automobile manufacturers to adhere stringent safety norms while manufacturing automobiles like Euro NCAP or New Car Assessment Program (NCAP). These strict regulations further require automakers to use superior quality materials along with advanced technologies like robotic welding systems that employ high speed automation resulting into increased adoption rate of automotive stamped parts globally thereby driving overall market growth through 2026.
High Initial Investment Requirement & Installation Cost: Setting up an automated stamping line requires significant investment as well as installation costs which may deter small scale players from investing on these advanced technologies leading them unable to compete effectively against large scale players thereby creating challenges within industry landscape throughout forecast period 2020-2026. Availability & Variability Of Raw Materials At Higher Costs: Stamping processes involve several raw materials like steel sheets etc., whose availability may drastically reduce at times depending upon certain regional factors leading higher prices making it difficult for vendors operating within this industrial space thus posing new challenge over next few years till end of projected timeline i..e 2026 .
Some major competitors currently working within Indian Automotive Stampings Market are UY Industries Pvt Ltd., Ador Fontech Limited
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Automotive Stampings Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automotive Stampings Market Revenues & Volume, 2020 & 2030F |
3.3 India Automotive Stampings Market - Industry Life Cycle |
3.4 India Automotive Stampings Market - Porter's Five Forces |
3.5 India Automotive Stampings Market Revenues & Volume Share, By Forming Temperature, 2020 & 2030F |
3.6 India Automotive Stampings Market Revenues & Volume Share, By Stamping Process, 2020 & 2030F |
3.7 India Automotive Stampings Market Revenues & Volume Share, By Number of Station Required, 2020 & 2030F |
4 India Automotive Stampings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Automotive Stampings Market Trends |
6 India Automotive Stampings Market, By Types |
6.1 India Automotive Stampings Market, By Forming Temperature |
6.1.1 Overview and Analysis |
6.1.2 India Automotive Stampings Market Revenues & Volume, By Forming Temperature, 2020-2030F |
6.1.3 India Automotive Stampings Market Revenues & Volume, By Hot Stamping, 2020-2030F |
6.1.4 India Automotive Stampings Market Revenues & Volume, By Cold Stamping, 2020-2030F |
6.2 India Automotive Stampings Market, By Stamping Process |
6.2.1 Overview and Analysis |
6.2.2 India Automotive Stampings Market Revenues & Volume, By Mechanical Process, 2020-2030F |
6.2.3 India Automotive Stampings Market Revenues & Volume, By Hydraulic Process, 2020-2030F |
6.2.4 India Automotive Stampings Market Revenues & Volume, By Pneumatic Process, 2020-2030F |
6.3 India Automotive Stampings Market, By Number of Station Required |
6.3.1 Overview and Analysis |
6.3.2 India Automotive Stampings Market Revenues & Volume, By Single Tool Station, 2020-2030F |
6.3.3 India Automotive Stampings Market Revenues & Volume, By Progressive Stations, 2020-2030F |
7 India Automotive Stampings Market Import-Export Trade Statistics |
7.1 India Automotive Stampings Market Export to Major Countries |
7.2 India Automotive Stampings Market Imports from Major Countries |
8 India Automotive Stampings Market Key Performance Indicators |
9 India Automotive Stampings Market - Opportunity Assessment |
9.1 India Automotive Stampings Market Opportunity Assessment, By Forming Temperature, 2020 & 2030F |
9.2 India Automotive Stampings Market Opportunity Assessment, By Stamping Process, 2020 & 2030F |
9.3 India Automotive Stampings Market Opportunity Assessment, By Number of Station Required, 2020 & 2030F |
10 India Automotive Stampings Market - Competitive Landscape |
10.1 India Automotive Stampings Market Revenue Share, By Companies, 2023 |
10.2 India Automotive Stampings Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |