ASC Market Highlights: The automotive stamped component market at present is the most focused on optimum utilization of resources and raw materials. The primary concern of the manufacturers is to offer robust, and compact cars at affordable prices. Earlier, the production of one vehicle took quite some time, due to which the consumer’s waiting period was long. With the advent of industrialization and automation, the time required for manufacturing one vehicle was drastically reduced. Thus the entire automotive market that was once a suppliers’ market, became the consumers’ market, especially after the 1980s. Consumers today are spoilt for choice. The competing automotive manufacturers have to lure the consumers with innovative and marketdriven techniques. Thus, the focus has now shifted to the production of reliable, faster and highperformance cars at affordable prices. The primary focus of the manufacturers have begun to shift from the traditional vehicle specification to consumer-centric approach. In this context, it has become imperative for the manufacturers to think out of the box and reduce costs while delivering quality. Thus, the manufacturer’s shift to the stamping technology was a natural progression in this direction. The stamping technology offers low-cost, fast-paced and precise results with customization options. The demand for stamping machines has increased exponentially, after 2010. The primary reason for this is the economic slowdown of 2008, which turned the global economy upside down. However, the upward trend of the global economy at the beginning of the year 2010, caused a steady but definitive increase in the demand of vehicles. To meet this demand and to enhance the rate of production, automakers turned their attention to the stamping technology. Other advantages of this technology is the reduction in labor and labor cost. This when considered on a massive scale at the global level, will save cost in thousands of dollars for a single batch. On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. The consumers in the U.S. and Canada prefer stronger and high performing vehicles. Thus rugged and robust vehicles capable of maneuvering through difficult terrain is the primary requirement in this market. Thus, the capability of the stamping technology to use lightweight materials while providing high strength to the components, secures a strong future for the market. The Asia Pacific region is known for its penchant for smaller sized and highperformance cars. The demand in this market is growing exponentially. Thus the customized requirement of the consumers can be addressed perfectly using the stamping technology. The Europe market is much diversified in terms of their requirements. But the common feature expected in these automobiles is high performance at extremely low temperatures, which is achievable with the use of this technology.
Don’t miss the Opportunity, Buy Now https://www.marketresearchfuture.com/checkout?currency=one_userUSD&report_id=5698 Scope of the Report This study provides an overview of the Global Automotive Stamped Component Market share, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.