India Automotive Stamping Market is projected to soar at 10.8% CAGR and bring in nearly US$ 10,400 Mn by 2026-end

Spread the love

Metalworking processes such as stamping will not cease to gain traction as a key application in the global automotive industry. In any region, the demand for automotive stamping grows in parallel with its automobile production. Based on the data published by the Organisation Internationale des Constructeurs d’Automobiles (OICA), India is among the top ten countries in terms of global motor vehicle production. Significant contribution of India to the world’s automobile production count has instrumented a considerable rise in the country’s automotive stamping businesses. A majority of automobile businesses run by companies such as Gestamp Automobile India Private Limited, Caparo India, Omax Auto Ltd., and Mahindra CIE Automotive Limited are focussed towards participation in the automotive stamping market.

Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-in-3207

According to a latest report published by Future Market Insights, the automotive stamping in India will continue to witness higher participation from abovementioned companies, and joining them would be the JBM Group, Klt Automotive and Tubular Products Limited, and Tata Autocomp Systems Limited. The report, titled “Automotive Stamping Market: India Industry Analysis and Opportunity Assessment, 2016-2026,” estimates that India’s automotive stamping market is presently valued at US$ 3,734.9 Mn. In the due course of ten-year forecast period, the market is projected to soar at 10.8% CAGR and bring in nearly US$ 10,400 Mn by 2026-end.

The report reveals that throughout the forecast period, non-body automotive stamping will continue to gain traction in India. On the other hand, body stamping is projected to procure a consistent 42% share of overall market value. In 2017 and beyond, the demand for transfer stamping is predicted to gain prominence, while progressive die stamping will keep accounting for over half of the market revenues. Steel is being observed as the widely-preferred raw material for automotive stamping in India. In 2016, more than US$ 2.5 Bn worth of steel was stamped for production of vehicles in India. Likewise, the demand for aluminium in India’s automotive stamping market is also likely to grow. Through 2026, revenues generated from automotive stamping of aluminium materials are anticipated to rise at 11.2% CAGR.

We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-in-3207

India Automotive Stamping Market: Segmentation

By Stamping

  • Hot Stamping
  • Cold Stamping

By Vehicle

  • Two-Wheeler
  • Three-Wheeler
  • Passenger Car
  • Commercial Vehicle

By Material

  • Steel
  • Aluminium
  • Others

By Process

  • Progressive Die Stamping
  • Tandem Stamping
  • Transfer Stamping

By Product

  • Body Stamping
    • BIW Parts
    • Chassis
  • Non-Body Stamping
    • Engine Parts
    • Transmission and Steering Parts
    • Braking and Suspension Parts
    • Electrical Parts
    • Fuel Delivery, Emission and Filtration
    • Safety Equipment and Seating System
    • Lighting Components
    • Cooling System

Direct Purchase of this Report@ https://www.futuremarketinsights.com/checkout/3207

The report further reveals that passenger cars will be accounting for over one-third of automotive stamping revenues in India throughout the forecast period. In this period, automotive stamping revenues arising from two-wheeler sales will exhibit growth at a 12.2% CAGR. In India, body stamping BIW parts will rake in over US$ 2,800 Mn by the end of 2026. Stamping of chasses, meanwhile, is expected to register a value CAGR of over 12%. When it comes to non-body stamping, India’s automotive stamping market will continue to witness higher revenue outcome from stamping engine parts, transmission & steering parts, and safety equipment & seating systems.

Top Reports Related To Automotive Market Insights

Golf Cart Market : Increasing urbanization and inclination towards the environment friendly options are key factors driving market of golf cart. As per a Future Market Insights (FMI) analysis, the global golf cart market is estimated to be valued at ~US$ 2.59 Bn in 2021, expanding at a CAGR of ~4.3% during the forecast period from 2021 to 2031. While the COVID-19 outbreak hampered sales to an extent, the market is likely to recover 2021 onwards.

Electric Bike Market : FMI delivers key insights on the global electric bike market in its latest report titled “Electric Bike Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.” The long-term outlook on the global electric bike market remains positive with the market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027).

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/india-automotive-stamping-market
Press Release Source: https://www.futuremarketinsights.com/press-release/india-automotive-stamping-market


Spread the love

About Top PR News

TopPRnews Leads Drives Search Engine Visibility For Your Press Release Content. Our Global Network Reaches Important Contacts, Media Partners And Websites And Journalists. Happy Postings! If You Have Any Queries Please Contact Official Mail At [[email protected]}

View all posts by Top PR News →