Automobile Metal Stamping in the US - Industry Market Research Report

Automobile Metal Stamping in the US - Industry Market Research Report

  • August 2021 •
  • 42 pages •
  • Report ID: 198810 •
  • Format: PDF
Hard pressed: Industry revenue is poised to return to growth, backed by rebounding disposable income

Abstract

Automobile Metal Stamping in the US
Demand for products produced by the Automobile Metal Stamping industry closely follows demand for finished vehicles, which continued to improve over the five years to 2019. During the current period, demand for domestic automakers’ most popular products, sport-utility vehicles (SUVs) and light trucks, rose due to improving economic conditions such as rising disposable income and a declining unemployment rate. Furthermore, low interest rates have helped bolster consumer sentiment, encouraging consumers to spend money on big-ticket items. As a result, revenue is expected to increase during the current period. Over the five years to 2024, industry revenue is anticipated to continue rising, albeit at a slower rate. This growth can be attributed to continued increases in disposable income and production efficiencies. However, regulations regarding fuel efficiency may encourage automakers to use alternatives to heavy steel, negatively affecting the industry.

Companies in this industry manufacture metal vehicle parts such as body panels, trim pieces, bumpers and other structural components from sheet metal using either a machine press or stamping press.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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