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 type, 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 distribution channel, the global automotive sheet metal components market is classified as
Automotive sheet metal component market outlook:
In March 2017, Motherson Sumi Systems Limited (MSSL) successfully acquired 93% shares of Finland’s PKC Group Plc. PKC group is global commercial vehicle industry and MSSL is the leading manufacturer of many automotive parts which provides significant presence in the Europe and American commercial vehicle segment.
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, LLC, General Stamping and Metal Works, Aleris International, Inc., Mayville Engineering Company, Inc., Paul Craemer GmbH, O'Neal Manufacturing Services, Omax Autos Ltd., Novelis, Inc., and Frank Dudley Ltd.
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