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The automotive die-stamping equipment market is projected to grow by USD 124.67 million with a CAGR of 5.94% during the forecast period 2021 to 2026.
The research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the market segmentation by end-user (automotive OEMs and independent stamping presses) and geographic landscape (Europe, APAC, North America, South America, and the Middle East and Africa). The market report also offers information on several market vendors, including AIDA Engineering Ltd., AMADA Co. Ltd., American Industrial Co., Andritz AG, Galdabini SPA, Haco, Hyundai Motor Co., Industrie Automatisierungsgesellschaft mbH, JIER MACHINE-TOOL GROUP CO.LTD., Keats Manufacturing Co., Komatsu Ltd., Maschinenfabrik Lauffer GmbH & Co. KG, Macrodyne Technologies Inc., MONDRAGON Corp., and OMERA Srl among others.
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Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the market. During the COVID-19 pandemic, the market demand has been impacted greatly. A holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain a competitive advantage.
Key Automotive Die-Stamping Equipment Market Driver
Augmented demand from APAC is one of the factors driving the market growth. APAC has emerged as the most significantly growing geographical segment in the market in recent years. Over the last decade, China has overtaken the US, which was the major country for automotive manufacturing. Though the overall sales of automobiles in China declined by 2%-3% in 2018, the new energy vehicle (NEV) segment registered a growth of more than 60% in 2018 when compared with 2017. Moreover, initiatives undertaken by the government, which are focused on reducing air pollution and dependence on oil imports, have led to an increase in investments in the electric vehicle manufacturing sector. Such factors will drive market growth in the coming years.
Key Automotive Die-Stamping Equipment Market Trend
Technological advances in die-stamping equipment are one of the key market trends fueling the market growth. The development of the cold stamping process has facilitated the metal forming process, as the process does not include quenching. High-strength steel or aluminum metal parts are formed without the need for preheating. In addition, the material formed using cold stamping provides high efficiency and precision in the formed metal parts. Major vendors such as AIDA are collaborating with automotive manufacturers to develop cold stamping machinery that can handle ultra-high-strength steel. All these benefits provided by cold stamping machinery will increase the demand for the cold stamping process in the automotive industry during the forecast period.
Key Automotive Die-Stamping Equipment Market Challenge
The high initial set-up cost is one of the key factors challenging the market growth. The capital requirements for automotive manufacturers to install die-stamping equipment have increased considerably. The need for additional tooling systems adds up to the overall installation costs. Die-stamping equipment provides a better return on investment (ROI) and is economical only when a large production volume is needed. Thus, large automotive manufacturers with high production volumes adopt die-stamping presses as the payback period for them is short. For small and medium-sized enterprises (SMEs) or automotive part manufacturers, the production cycle is limited to metal parts. As a result, the high equipment cost per part affects their profitability in the short run.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global automotive die-stamping equipment market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automotive die-stamping equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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45% of the market’s growth will originate from Europe during the forecast period. Germany and France are the key markets for automotive die-stamping equipment in Europe. Market growth in this region will be faster than the growth of the market in other regions.
The increasing demand for lightweight metal components in automobiles will facilitate market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
The outbreak of COVID-19 adversely impacted regional market growth. However, the growth in automobile sales and the revival of the aerospace industry, the consumer electronics industry, and other end-user industries will boost the demand for automotive die-stamping equipment, which, in turn, will drive the growth of the market during the forecast period.
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The market share growth in the automotive OEMs segment will be significant during the forecast period. The global market in the automotive OEMs segment will be primarily dominated by APAC and Europe. Thus, the growing demand for and production volume of automobiles have encouraged automotive OEMs in countries in Asia (except China and Japan) and Central Europe to set up in-house forming press lines, which is a major factor for the growth of this segment.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.
Automotive Die-Stamping Equipment Market Scope |
|
Report Coverage |
Details |
Page number |
138 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.94% |
Market growth 2022-2026 |
$124.67 million |
Market structure |
Fragmented |
YoY growth (%) |
5.12 |
Regional analysis |
Europe, APAC, North America, South America, and the Middle East and Africa |
Performing market contribution |
Europe at 45% |
Key consumer countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
AIDA Engineering Ltd., AMADA Co. Ltd., American Industrial Co., Andritz AG, Galdabini SPA, Haco, Hyundai Motor Co., Industrie Automatisierungsgesellschaft mbH, JIER MACHINE-TOOL GROUP CO.LTD., Keats Manufacturing Co., Komatsu Ltd., Maschinenfabrik Lauffer GmbH & Co. KG, Macrodyne Technologies Inc., MONDRAGON Corp., and OMERA Srl. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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