India Automotive Stamping Market projected to soar at 10.8% CAGR by 2026-end

Automotive Stamping Market

  1. MonicaFmi
    The automotive stamping market in India is a mature market and is characterised by a large number of players in organised and unorganised sectors. Automotive OEMs, who are the end users of stamped components, themselves remain as the major stamping players in the market. In a new report titled “Automotive Stamping Market: India Industry Analysis and Opportunity Assessment, 2016–2026,” Future Market Insights analysts have observed that in the organised India automotive stamping market, a few of the giant Tier I stamping players in the market with large capital investments hold notable market share. It is also remarkable to note that the presence of imports is insignificant as there is sufficient supply of the product in the domestic market. Our expert team of analysts – after a detailed study of the market – have come to a conclusion that the automotive stamping market in India is highly competitive. To sustain in this competitive market, key players are focussing on strengthening their designing and manufacturing capabilities as part of their business strategy and are updating their knowledge with respect to technology. As a result of this, there is a collaboration between OEMs and stamped component suppliers to improve design, product development and manufacturing.

    While analysing the India automotive stamping market, we have found that in the product category, body stamping remains more lucrative in terms of CAGR growth. Body stamping requires high precision stamping and thus is capital intensive compared to non-body stamping. The segment is expected to witness significant investments in technology over the projected period. The main objective of this report is to provide updates and market opportunities in the India automotive stamping market. We have analysed the India automotive stamping market to estimate and comprehend the market value (US$ Mn) for a period of 10 years (2016 – 2026). The report is categorised into five segments based on stamping type, vehicle type, raw material, process type and product type.

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