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Automotive Sheet Metal Components

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Automotive Sheet Metal Components Market report categorizes global market by Material Type , by Application , by Distribution Channels , Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2018-2025
Automotive Sheet Metal Components Market - Global Industry
Analysis, 2018-2025
Asia Pacific is the largest region for the automotive metal sheet components market. China
is a leading market for aluminum and steel sheet components followed by Japan and India.
According to World Steel Association, China is accounted as a number one in steel
production. In 2016, China produces approximately 808 million tonnes of steel, which is
nearly a half of total steel production of the world. Also, in August 2017, high demand for
trucks and passenger cars in China led to the rise in it sales to around 5.3%. Automotive
Steel metal sheets are more widely used as compare to aluminum sheets owing to its
strength and durability. Therefore demand for steel sheets will remain dominant in the
forecast period. However, increase in demand of light weight and hybrid vehicles will rise the
demand for aluminum metal sheet components in the forecast period.
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According to World Steel Association, in 2015, European Union was estimated as the
second largest region for steel production, with a projected 166 million metric tonnes of
global steel production. Countries of European Union such as Germany, Italy, France, and
Belgium are the top importer and exporter of steel products. Germany is projected to have
exported around 24.7 million metric tonnes of steel and imported around 25 million metric
tonnes. Also, in UK, support from government for the automotive research and development
and the funding of around US$ 1.63 billion in R&D in car industry for the manufacturing of
lightweight material, low-carbon propulsion, and autonomous vehicles has augmented the
growth of automotive sheet metal components market in this region.
North America’s automotive industry is the largest automotive manufacturing sector in the
world. U.S., Canada, and Mexico are the top manufacturers of automotive parts. According
to International Trade Administration, Canada is the top exporter of automotive parts
followed by Mexico. Exports of automotive parts of U.S to European Union shows steady
growths since 2012 to 2015, which increases approximately from US$ 5 billion to US$ 7.2
billion. The demand for automobiles and rise in technology in automobile manufacturing
increases the demand for automotive sheet metal components in the market over the
forecast period,
In March 2017, Motherson Sumi Systems Limited (MSSL) successfully acquired 93% shares
of Finland’s PKC Group Plc. PKC group is global commercial vehicle industry and MSSL is
the leading manufacturer of many automotive parts which provides significant presence in
the Europe and American commercial vehicle segment.
Key players in the Global Automotive Sheet Metal Components Market
Some of the key players operating in automotive sheet metal component market include
Larsen Manufacturing, LLC, General Stamping and Metal Works, Aleris International, Inc.,
Mayville Engineering Company, Inc., Paul Craemer GmbH, O'Neal Manufacturing Services,
Omax Autos Ltd., Novelis, Inc., and Frank Dudley Ltd.
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Author
apeksha motghare
apeksha motghare533   documents Email
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