The automotive metal stamping market is anticipated to register a
CAGR of over 3% during the forecast period, 2020-2025.To get more news
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The growth in the automotive metal stamping market can be attributed
to the increasing demand in the automotive industry and the reducing
manufacturing costs, by converting sheet metal into shapes and sizes
based on requirements. It also helps in growing fuel efficiency in the
automotive industry.



The increasing use of sheet metal for the production of automobile
chassis, transmission components, and interior and exterior structural
components, is expected to drive the market over the forecast period.The
growing competition in the automotive industry has led to a global
increase in the demand for metal stamping. In the global metal stamping
market, the sought shape of the metal is achieved by the blanking or
punching process with the help of stamping dies.



Blanking process is a process in which a punch and a die are used to
get a surface cut out of a metal sheet of the required shape and
dimensions. It is achieved by first compressing the whole part, after
which the upper and lower punch extract the blank. This allows the
process to hold very tight tolerances, hence, eliminate secondary
operations. Metals used in the global metal stamping market are copper,
steel, brass, aluminum, and stainless steel.



The increased use of alloys, such as cast aluminum, cast iron,
titanium, and forged steel still forms an essential part of automotive
engines. Furthermore, technological improvements, including the use of
hybrid electromagnetically supported sheet metal stamping machines, are
expected to have a positive impact on the market growth.