Weight Reduction to be a Major Trend in Automotive Structural Sheet Metal Market Size
Market Scope
Market
Research Future (MRFR) expects the Automotive Structural Sheet Metal Market
Size 2020 to gain considerable impetus at a high rate
between 2018 and 2023, which is the evaluation period. We will provide COVID-19
impact analysis with the report, offering all the key developments that can
affect the market post the coronavirus disease outbreak.
Notable Boosters and Main Challenges
The substantial
growth of the Automotive Structural Sheet Metal Market Size in recent years has
been the result of the surge in car ownership and the expanding automotive
industry worldwide. The large-scale production of different vehicle models can
also be a plus point for the global market. Structural sheet metals are
observing widespread demand in the developing nations in light of the growing
car ownership and the sharp economic surge. The increasing per capita income and
the consequent boom in the automobile sales can also provide lucrative
opportunities to the Automotive Structural Sheet Metal Market Sizein emerging
regions.
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The weight
reduction in vehicles is an emerging trend, with the rising use of light weight
metal components also gaining speed among automakers since these have excellent
specific strength and low density. Technological innovations in manufacturing of
structural sheet metals like coining techniques and hybrid electromagnetically
assisted sheet metal stamping machines can also amp up the industry growth in
the coming years.
On the
downside, the market growth can be negatively impacted by the fluctuations in
the price of aluminum and steel, which are some of the commonly used structural
sheet metals. The use of substitutes like fiber and plastic composite
components in vehicles can also be another growth demoting factor in the global
market. With that said, the Automotive Structural Sheet Metal Market Sizewill
be quick to recover, due to the increasing hype surrounding autonomous,
mobility services, digitization, electric powertrains and driving within the automotive
industry across the globe.
Market Segmentation
Vehicle type
and application are the key segments depending on which the automotive
structural sheet metal industry has been considered in the MRFR study.
The vehicle
types taken in account are commercial vehicles and passenger vehicles.
The
application-wise market sections can be exterior and chassis.
Regional Analysis
The Automotive
Structural Sheet Metal Market Size has been regionally segregated into Europe, MEA/the
Middle East & Africa, APAC/Asia Pacific and North America.
Europe,
along with North America, has taken the lead in the global market for automotive
structural sheet metal. Both the regions are known for their well-developed automotive
sectors with heavy concentration of world renowned automakers like Ford, BMW
and Fiat. Also, the large scale spending that goes into research and
development activities for development of more advanced vehicles also induces
major profits for the regional markets. The accelerated sale of electric and hybrid
vehicles along with the surge in engine downsizing trend to control emission
level also promotes market expansion in Europe as well as North America.
The APAC
market’s expansion rate has been incredible, as a result of the increasing vehicle
ownership and the overall striking growth of the automotive industry. The rapid
shift of international manufacturers to the region to leverage the high availability
of government subsidies, tax rebates and cheap labor also back the growth of
the automotive structural sheet metal market. China can remain as the top
performing market in the region, thanks to the rampant demand of aluminum while
producing transmission, chassis, and various exterior and interior components.
In MEA, the automotive
industry is still not quite developed, which means that the automotive
structural sheet metal industry in the region can expect moderate growth in the
ensuing years. However, these regions can present several attractive opportunities
over the next few years, as many automotive structural sheet metal
manufacturers are increasingly investing to benefit from the mounting demand
for cars and other vehicles.
Top Market Participants
Top market
participants are A&E Manufacturing Company(U.S.), ATAS International
Inc(U.S.), Associated Materials LLC(U.S.), BlueScope Steel Limited(Australia),
ABC Sheet Metal(U.S.), Noble Industries(U.S.), United States Steel
Corporation(U.S.), Alcoa Inc(U.S.), Autoline Industries Ltd (India), Bud
Industries Inc. (U.S.), Wise Alloys LLC(U.S.), Prototek(India), Nucor
Corporation(U.S.), General Sheet Metal Works Inc(U.S.), NCI Building Systems
Inc. (U.S.), and more.
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Key Questions
Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/
Capacity) is driving market?
- What will be the growth rate?
- How are the key players in this market?
- What are the strategies adopted by
key players?
TABLE OF
CONTENTS
1 EXECUTIVE
SUMMARY
2 SCOPE OF
THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET
LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN
ANALYSIS
4 MARKET
DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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