automotive sheet metal

Automotive Sheet Metal Components Market - Global
Industry Analysis, 2017-2025
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 lightweight
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.
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Automotive sheet metal component market taxonomy:
On the basis of material type, the global automotive sheet metal components market is
classified as
● Aluminum
● Steel
On the basis of application, the global automotive sheet metal components market is
classified as
●
●
●
●
●
Interior
Drivetrain
Engine
Exterior
Chassis
On the basis of distribution channel, the global automotive sheet metal components market is
classified as
● Wholesaler
● Retailer
● Online
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Automotive sheet metal component market outlook:
● Asia Pacific is the largest region for the automotive metal sheet components
market. China is a leading market for aluminum and steel sheet components followed
by Japan and India. According to World Steel Association, China is accounted as a
number one in steel production. In 2016, China produces approximately 808 million
tonnes of steel, which is nearly a half of total steel production of the world. Also, in
August 2017, high demand for trucks and passenger cars in China led to the rise in it
sales to around 5.3%. Automotive Steel metal sheets are more widely used as
compare to aluminum sheets owing to its strength and durability. Therefore demand
for steel sheets will remain dominant in the forecast period. However, increase in
demand of light weight and hybrid vehicles will rise the demand for aluminum metal
sheet components in the forecast period.
● According to World Steel Association, in 2015, European Union was estimated as the
second largest region for steel production, with a projected 166 million metric tonnes
of global steel production. Countries of European Union such as Germany, Italy,
France, and Belgium are the top importer and exporter of steel products. Germany is
projected to have exported around 24.7 million metric tonnes of steel and imported
around 25 million metric tonnes. Also, in UK, support from government for the
automotive research and development and the funding of around US$ 1.63 billion in
R&D in car industry for the manufacturing of lightweight material, low-carbon
propulsion, and autonomous vehicles has augmented the growth of automotive sheet
metal components market in this region.
● North America’s automotive industry is the largest automotive manufacturing sector
in the world. U.S., Canada, and Mexico are the top manufacturers of automotive parts.
According to International Trade Administration, Canada is the top exporter of
automotive parts followed by Mexico. Exports of automotive parts of U.S to
European Union shows steady growths since 2012 to 2015, which increases
approximately from US$ 5 billion to US$ 7.2 billion. The demand for automobiles
and rise in technology in automobile manufacturing increases the demand for
automotive sheet metal components in the market over the forecast period,
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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Automotive Sheet Metal Components Market report categorizes global market by Material Type , by Application , by Distribution Channels , Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2017-2025

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