Automotive Die-Stamping Equipment Market Report by Technavio predicts USD 133.06 Mn growth — Driven by augmented demand from APAC – QNT Press Release

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NEW YORK, Sept. 14, 2022 /PRNewswire/ — The automotive die-stamping equipment market has grown substantially over the years. To estimate the size of the market, Technavio has tracked the recent trends and developments in the automotive die-stamping equipment market. The analysts at Technavio have considered various aspects such as the consumer base, adoption rate, average selling price, revenue generated by vendors, and various other factors to estimate the market size. Download Sample PDF Report Here to get an idea of ​​the overall scope of the full report.

The report on the automotive die-stamping equipment market by Technavio expects the market size to increase at a CAGR of 5.94% and register an incremental growth of USD 133.06 million between 2021 and 2026. However, the growth forecast could be missed with the market growing slower than expected if the following factors come into play: high initial set-up cost and the availability of alternatives.

According to Technavio, the growth of the market is primarily driven by augmented demand from APAC.

Developing countries such as India, Singapore, Thailand, Indonesia, the Philippinesand Malaysia have observed a drastic increase in FDI in the automotive segment over the years. This can be attributed to various initiatives undertaken by governments to boost the manufacturing sector. For instance, the Make in India initiative by the Indian government has attracted significant FDI in the manufacturing sector. In October 2018Suzuki Motors announced its plans to start building a new manufacturing facility in Gujarat, India. In addition, rapid industrial growth in countries such as China, Indiaand the rising adoption of electric vehicles are creating huge growth opportunities for vendors, which is fostering the growth of the market in focus.

“Rise in adoption of automation in the automotive industry and the use of lightweight metals in the automotive industry will further accelerate the growth of the market”, says an analyst at Technavio.

The global automotive die-stamping equipment market is fragmented in nature and characterized by the presence of several well-established and small regional players, which makes the market extremely competitive for new entrants. Apart from top vendors, several regional and local vendors have started manufacturing customized and energy-efficient equipment. These vendors are posing tough competition to their international counterparts in terms of cost. Hence, to counter the threat from low-cost substitute products, international players in the global automotive die-stamping equipment market are constantly expanding their footprint in developing countries and are focusing on providing effective after-sales services to differentiate their products and increase their product portfolio.

Technavio identifies 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 and Co. KG, Macrodyne Technologies Inc., MONDRAGON Corp., and OMERA Srl as dominant players in the market.

The report breaks down the market into the following segments:

• End-user: automotive OEMs and independent stamping presses
• Geography: EuropeAPAC, North America, South Americaand the Middle East and Africa

Automotive OEMs are the prime end-users in the market. The growing demand and production volume of automobiles is driving the growth of the segment. In addition, the rising popularity of electric vehicles, increasing adoption of hot stamping technology, and increasing spending on new automobile production facilities in emerging markets will have a positive impact on the growth of the segment.

In terms of region, Europe will emerge as the dominant region, occupying 45% of the global market share. The increasing demand for lightweight metal components will be a key factor driving the growth of the regional market. In addition, the growth in automobile sales and the revival of the aerospace industry will further accelerate the growth of the automotive die-stamping equipment market in Europe during the forecast period.

The complete report on the global automotive die-stamping equipment market offers detailed insights on the potential business segments and regions to invest in over the forecast period. Before making the purchase, we recommend reading our Sample PDF Report.

The automotive die-stamping equipment market report answers questions such as:

• Is the market structure fragmented or concentrated?
• What was the market size in 2021 and the forecast for the automotive die-stamping equipment market through 2026?
• Which are the best product segment areas to invest in over the forecast period?
• What is the market share of dominant and strong vendors in the automotive die-stamping equipment market?
• What are the inhibiting factors and the impact of COVID-19 on the automotive die-stamping equipment market growth?
• What are the latest trends and regulatory frameworks in the automotive die-stamping equipment market?

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Full story available on Benzinga.com

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