TechNavio recognizes the following companies as the key players in the Metal Stamping Industry in the US: General Motors Co., Toyota Motor Corp., and Ford Motor Co.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”With the need to improve product quality and reduce the overall weight of products, companies across industries including Automotive and Heavy Industries have started to develop lightweight products. For instance, the automotive companies use non-ferrous metal components to reduce vehicle weight in order to improve the fuel economy standards with superior quality. Aluminum-stamped products are lightweight and non-brittle to sudden temperature changes, as compared to iron casting products. Also, the usage rate of gray iron in the Automotive industry is steadily declining. Thus, ferrous materials for auto components are being steadily replaced by non-ferrous products such as aluminum, zinc, and magnesium castings.”
According to the report, the growing demand from the Automotive industry is one of the major drivers in the Metal Stamping industry in the US. The Automotive industry is the major end-user in the Metal Stamping industry in the US and is adopting metal stamping products at a rapid rate.
Further, the report states that the high cost of raw materials is one of the major challenges in the Metal Stamping industry in the US. The prices of raw materials are increasing year by year due to the scarcity of these materials.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Fiat S.p.A., Magna International Inc., Martinrea International Inc., Harvey Vogel Manufacturing Co., BMW AG, Chrysler Group LLC, Micro Stamping Corp., SGL Automotive Carbon Fibers GmbH and Co KG, Shiloh Industries Inc., The Boeing Co., Volkswagen AG, Whirlpool Corp., and Tower International Inc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/metal-stamping-industry-us-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Metal Stamping Industry in the US 2012-2016
