India Automotive Stamping Market by Forming Temperature (Hot Stamping, Cold Stamping), Stamping Process (Mechanical Process, Hydraulic Process, Pneumatic Process), Vehicle Type (Passenger Vehicles, Commercial Vehicles), Wheels (Four Wheelers, Three Wheelers, Two Wheelers), is expected to reach US$ XX Bn by 2026, at a CAGR of XX % during a forecast period.
The Indian market for stamping machines in the automotive sector is driven by reduced lead times required for manufacturing vehicles. The machines are very versatile as different modules can be achieved by changing the necessary die. This process has also led to reduced labour requirements as the process can be automated with the aid of computers thereby reducing the labor costs. The process helps in reducing scrap wastage as the exact amount of raw material is utilized. The production cost incurred in the stamping process is very low and is replacing other metalworking processes like forging and die-casting.
Cold stamping segment is expected to grow at the highest CAGR during the forecast period.
The cold stamping segment of the India automotive stamping market is predicted to be valued in excess of US$ 3.4Bn in 2018 and is expected to represent incremental opportunity of more than US$ 5.1Bn during the forecast period.
Four Wheeler is expected to be the leading segment in the India Automotive Stamping Market during the forecast period.
India has been experiencing a robust rise in four wheeler production and marginal growth in two and three-wheeler production this has been the country’s answer to the growing demand from domestic and international markets. The demand for cold and hot stamping is directly virtual to the production of vehicles and demand from the aftermarket is comparatively less.
Key players operating the India Automotive Stamping Market are Automotive Stampings and Assemblies Ltd., Cosma International (India) Private Limited, Gestamp Automobile India Private Limited, Harsha Engineers Limited, Autocomp Corporation Panse Pvt Ltd, JBM Group, Klt Automotive And Tubular Products Limited, Sona Koyo Steering Systems Limited, Tata Autocomp Systems Limited, Yeshshree Press Comps Private Limited, Omax Auto Ltd., Mahindra CIE Automotive Limited, Surin Automotive Private Limited, Skh Metals Limited, Caparo India., Schuler Group, AIDA Global, Orchid International, Eagle Press & Equipment Co. Ltd., Hyundai Rotem, MacRodyne Hydraulic Presses & Automation, Santec Group, Ridgeview Industries, Bliss-Bret Industries
Maximize Market Research, a market research firm with a dedicated team of specialists and data has carried out extensive research about the Market. The report encompasses the market by different segments providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the India Automotive Stamping Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain India Automotive Stamping Market positioning of competitors.
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