Automotive Sheet Metal Components are made from steel or aluminum. These are mainly made by the processes such as cutting, bending, and drawing. Various type of dies and press are used for manufacturing of automotive sheet metal components.
Rise in demand of the passenger vehicles, increase in manufacture of light weight automobiles, and rise in demand of hybrid and electric vehicle are some of the major factors driving the growth of the automotive sheet metal components market. However, intermittent price of metals is one of the major factor restraining the growth of the automotive sheet metal components market. According to World Steel Association, which is one of the largest and most dynamic industry associations in the world, approximately 30% of the total steel produced in the world is used in automotive sector and mechanical equipment manufacturing.
Automotive sheet metal component market taxonomy:
On the basis of material, the global automotive sheet metal components market is classified as
On the basis of application, the global automotive sheet metal components market is classified as
On the basis of Region, the global automotive sheet metal components market is classified as
Automotive sheet metal component market outlook:
Key players in the Global Automotive Sheet Metal Components Market
Some of the key players operating in automotive sheet metal component market include Larsen Manufacturing, General Stamping & Metalworking Inc., Aleris Corporation, Mayville Engineering Company Inc., The Cramer Group, O’Neal Manufacturing Services, Omax Auto Limited, Novelis, Inc., Frank Dudley Ltd., Jobro Sheet Metal Technology AB, Amada Co. Ltd. And Paul Craemer GmbH.
Key developments in the Global Automotive Sheet Metal Components Market
In May 2018, Aleris Corporation a U.S. based manufacturer and supplier of aluminum rolled products signed a multi-year contract with Boeing, to supply aluminum plate and sheet for the production of various airplane and automotive models
In October 2018, Novelis expanded its automotive aluminum manufacturing facility in Changzhou, China, to enhance its manufacturing and production development capabilities and to cater the demand of automotive sheet metals in China.
In July 2018, Amada Holdings Co. Ltd acquired Wisconsin-based Marvel Manufacturing, Inc., a U.S.-based metal cutting machine manufacturer, which produces materials for various vehicles and agricultural machines. The acquisition of Marvel enabled the company to add band saws for lightweight structural steels, to enhance its products offerings in North America.
In February 2018, O’Neal Manufacturing Services expanded its operations facility in the northern part of Houston in order to increase the supply of fabricated metal components and welded assemblies to OEMs
In June 2018, company launched powder coat paint division in Mundelein, Illinois., in order to expand in this market. This division’s focus is to paint metal parts of any color, texture, and volume by using electronic guns which increase life span of product
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