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Automotive Stamping Market: Hot Stamping Segment Expected to Witness Significant Growth over the Forecast Period: India Industry Analysis and Opportunity Assessment, 2016-2026

Published By :

Future Market Insights

Published Date : Mar 2017

Category :

Transport & Logistics

No. of Pages : 127 Pages

Cold stamping segment is expected to hold dominant market share throughout the forecast period

In terms of value, the hot stamping segment is expected to gain more than 100 BPS over the forecast period. Being at the initial stages of adoption in India, this segment is projected to expand at a CAGR of 11.5% over the forecast period. Hot stamping segment is anticipated to witness increased adoption over the forecast period, particularly for body stamped components. The hot stamping segment in the India automotive stamping market is estimated to be valued at more than US$ 650 Mn in 2017 and is expected to represent incremental $ opportunity of more than US$ 1000 Mn between 2016 and 2026. The cold stamping segment is expected to lose a little more than 115 BPS during the anticipated period. However, it is also expected to expand at a CAGR of 10.6% over the estimated period. The cold stamping segment of the India automotive stamping market is predicted to be valued in excess of US$ 3400 Mn in 2017 and is expected to represent incremental $ opportunity of more than US$ 5000 Mn between 2016 and 2026. This segment is slated to be valued at more than US$ 8000 Mn by 2026.

Robust increase in the production of four wheelers anticipated to fuel the growth of the stamping segment in the India automotive stamping market

India has been experiencing a robust increase in four wheeler production and marginal growth in two and three wheeler production this has been the countrys answer to the increasing demand from domestic and international markets. The demand for cold and hot stamping is directly proportional to the production of vehicles and demand from the aftermarket is comparatively less. The growth of automotive sales in India is indirectly creating robust development in the hot and cold stamping segments and this trend is projected to continue during the forecasted period.

The automotive component industry holds significant value in the stamping segment. The industry outperformed even during the global economic recession. India is rapidly emerging as a sourcing hub for automotive components such as engine and transmission parts. This increase in export demand for automotive components will compel OEMs and Tier 1 manufacturers to manage their production capacity by establishing new outfits for stamping automotive components. This is likely to boost the growth of the cold and hot stamping segments in the India automotive stamping market. The various initiatives taken by the Indian government as well as the automotive industry to make India a world-class automotive hub will attract significant investment in the domestic manufacturing sector by OEMs; which in turn, will lead to increase in demand for stamping facilities, thereby driving the growth of the hot and cold stamping segments.

It is observed that there is a growing preference for the hot stamping process in the India automotive stamping market as it enables manufacturing of lightweight automotive components with higher strength. It is a cost-effective technology used to manufacture complex parts without many pressing issues. The hot stamping process has high penetration in North America, Europe and China. However, significant investments made by some of the leading players in the market towards hot stamping are expected to draw the attention of other manufacturers towards this technology.

Restricted pricing flexibility likely to hamper the growth of the stamping segment in the India automotive stamping market

Over the past decade, weight reduction and performance improvement have been the prime focus of automakers in the Indian automobile industry. However, these two sets of attributes can only be achieved through the use of advanced materials that are costlier than the existing ones. These days, manufacturers are focussing on reducing manufacturing costs. These factors when combined with the existent intense competition present in the domestic automotive stamping market create significant pressure on manufacturers to reduce their margins. The restricted pricing flexibility in the India automotive stamping market might act as a barrier for new entrants in the market.

The Indian automotive industry includes a large number of Tier II and Tier III players involved in the production of sheet metal components and assemblies. Unlike the large OEMs and Tier I players who have large capital to invest, Tier II and Tier III players are reluctant to invest in new products and technologies due to the high costs. Furthermore, the complexity of operations of newly imported equipment is another factor that might restrain existing players in the market and stop them from adopting new technologies. This, in turn, can act as a deterrent to the growth of the stamping segment in the India automotive stamping market.

Table Of Content


1. Executive Summary


2. Market Introduction
2.1 Market Definition
2.2 Market Taxonomy
2.3 Market Overview
2.4 India Automotive Component Market Overview


3. India Automotive Stamping Market Analysis Scenario
3.1 India Automotive Stamping Market Size (US$ Mn) and Forecast
3.2 Market Overview
3.2.1 Value Chain
3.2.2 Key Players by Region
3.2.3 Distribution of Market Players by Key Automotive Clusters
3.2.4 Market Size and % Share from Metal Stamping, By Components 2015
3.3 Supply Demand scenario
3.4 Cost Structure Analysis


4. Market Dynamics
4.1 Market Drivers
4.2 Market restraints/Challenges
4.3 Trends
4.4 Opportunity


5. India Automotive Stamping Market Analysis and Forecast, By Stamping Type
5.1 Introduction
5.1.1 Basis Point Share (BPS) Analysis by Stamping Type
5.1.2 Y-o-Y Growth Projection by Stamping Type
5.2 Market Value (US$ Mn) and Forecast by Stamping Type, 20162026
5.2.1 Hot Stamping
5.2.2 Cold Stamping
5.3 Market Attractiveness Analysis by Stamping Type


6. India Automotive Stamping Market Analysis and Forecast, By Vehicle Type
6.1 Introduction
6.1.1 Basis Point Share (BPS) Analysis by Vehicle Type
6.1.2 Y-o-Y Growth Projection by Vehicle Type
6.2 Market Value (US$ Mn) and Forecast by Vehicle Type, 20162026
6.2.1 Passenger Vehicles
6.2.2 Commercial Vehicles
6.2.3 Three Wheelers
6.2.4 Two Wheelers
6.3 Market Attractiveness Analysis by Stamping Type


7. India Automotive Stamping Market Analysis and Forecast, By Material Type
7.1 Introduction
7.1.1 Basis Point Share (BPS) Analysis by Material Type
7.1.2 Y-o-Y Growth Projection by Material Type
7.2 Market Value (US$ Mn) and Forecast by Material Type, 20162026
7.2.1 Steel
7.2.2 Aluminum
7.2.3 Others
7.3 Market Attractiveness Analysis by Material Type


8. India Automotive Stamping Market Analysis and Forecast, By Process Type
8.1 Introduction
8.1.1 Basis Point Share (BPS) Analysis by Process Type
8.1.2 Y-o-Y Growth Projection by Process Type
8.2 Market Value (US$ Mn) and Forecast by Process Type, 20162026
8.2.1 Progressive Die Stamping
8.2.2 Transfer Stamping
8.2.3 Tandem Stamping
8.3 Market Attractiveness Analysis by Process Type


9. India Automotive Stamping Market Analysis and Forecast, By Product Type
9.1 Introduction
9.1.1 Basis Point Share (BPS) Analysis by Product Type
9.1.2 Y-o-Y Growth Projection by Product Type
9.2 Market Value (US$ Mn) and Forecast by Product Type, 20162026
9.2.1 Body Stamping
9.2.2 Non-Body Stamping
9.3 Market Attractiveness Analysis by Product Type
9.4 India Automotive Stamping Market Analysis and Forecast, by Body Stamping
9.4.1 Introduction
9.4.1.1 Basis Point Share (BPS) Analysis by Body Stamping Type
9.4.1.2 Y-o-Y Growth Projection by Body Stamping Type
9.4.2 Market Value (US$ Mn) and Forecast by Body Stamping, 20162026
9.4.2.1 BIW Parts
9.4.2.2 Chassis
9.4.3 Market Attractiveness Analysis by Body Stamping Type
9.5. India Automotive Stamping Market Analysis and Forecast, by Non-Body Stamping
9.5.1 Introduction
9.5.1.1 Basis Point Share (BPS) Analysis by Non-Body Stamping Type
9.5.1.2 Y-o-Y Growth Projection by Non-Body Stamping Type
9.5.2 Market Value (US$ Mn) and Forecast by Non-Body Stamping, 20162026
9.5.2.1 Engine Parts
9.5.2.2 Transmission & Steering Parts
9.5.2.3 Braking & Suspension Parts
9.5.2.4 Electrical Parts
9.5.2.5 Fuel Delivery, Emission & Filtration
9.5.2.6 Safety Equipment & Seating Systems
9.5.2.7 Lighting Components
9.5.2.8 Cooling Systems


10. Competitive Landscape
10.1 Competition Dashboard
10.2 Market Share Analysis, 2015
10.3 Company Profiles (Details Overview, Strategy, Recent Developments)
10.3.1 Automotive Stampings and Assemblies Ltd.
10.3.2 Cosma International (India) Private Limited
10.3.3 Gestamp Automobile India Private Limited
10.3.4 Harsha Engineers Limited
10.3.5 Autocomp Corporation Panse Pvt Ltd
10.3.6 JBM Group
10.3.7 Klt Automotive And Tubular Products Limited
10.3.8 Sona Koyo Steering Systems Limited
10.3.9 Tata Autocomp Systems Limited
10.3.10 Yeshshree Press Comps Private Limited
10.3.11 Omax Auto Ltd.
10.3.12 Mahindra CIE Automotive Limited
10.3.13 Surin Automotive Private Limited
10.3.14 Skh Metals Limited
10.3.15 Caparo India


11. Assumptions and Acronyms Used


12. Research Methodology

 

List of Table

Table 01: India Automotive Stamping Market Value (US$ Mn) by Stamping Type, 2016–2026
Table 02: India Automotive Stamping Market Value (US$ Mn) by Vehicle Type, 2016–2026
Table 03: India Automotive Stamping Market Value (US$ Mn) by Material Type, 2016–2026
Table 04: India Automotive Stamping Market Value (US$ Mn) by Process Type, 2016–2026
Table 05: India Automotive Stamping Market Value (US$ Mn) by Product Type, 2016–2026
Table 06: India Automotive Stamping Market, Body Stamping Value (US$ Mn) by Material Type, 2016–2026
Table 07: India Automotive Stamping Market, Non-body Stamping Value (US$ Mn) by Material Type, 2016–2026
Table 08: India Automotive Stamping Market, Non-body Stamping Value (US$ Mn) by Material Type, 2016–2026
Table 09: India Automotive Stamping Market, Non-body Stamping Value (US$ Mn) by Material Type, 2016–2026

List of Chart

Figure 01: India Automotive Stamping Market Value (US$ Mn) Forecast, 2016–2026
Figure 02: India Automotive Stamping Market Absolute $ Opportunity, 2016–2026
Figure 03: India Automotive Stamping Market Y-o-Y Growth (%), 2016–2026
Figure 04: Distribution of Automotive OEMs in Key Automotive Clusters, 2015 
Figure 05: Distribution of Automotive Stamped Components Manufactures in Key Automotive Clusters, 2015 
Figure 06: Production VS Domestic Sales in India Automotive Stamping Market
Figure 07: India Automotive Stamping Market Value (US$ Mn) Forecast by Stamping Type, 2016–2026
Figure 08: India Automotive Stamping Market Y-o-Y Growth Analysis by Stamping Type, 2016–2026
Figure 09: India Automotive Stamping Market Attractiveness by Stamping Type, 2016–2026
Figure 10: India Automotive Stamping Market Absolute $ Opportunity by hot stamping, 2016–2026
Figure 11: India Automotive Stamping Market Absolute $ Opportunity by cold stamping, 2016–2026
Figure 12: India Automotive Stamping Market Value (US$ Mn) Forecast by Vehicle Type, 2016–2026
Figure 13: India Automotive Stamping Market Y-o-Y Growth Analysis by Vehicle Type, 2016–2026
Figure 14: India Automotive Stamping Market Attractiveness by Vehicle Type, 2016–2026
Figure 15: India Automotive Stamping Market Absolute $ Opportunity by Passenger Vehicles, 2016–2026
Figure 16: India Automotive Stamping Market Absolute $ Opportunity by Commercial Vehicles, 2016–2026
Figure 17: India Automotive Stamping Market Absolute $ Opportunity by Three Wheelers, 2016–2026
Figure 18: India Automotive Stamping Market Absolute $ Opportunity by Two Wheelers, 2016–2026
Figure 19: India Automotive Stamping Market Value (US$ Mn) Forecast by Material Type, 2016–2026
Figure 20: India Automotive Stamping Market Y-o-Y Growth Analysis by Material Type, 2016–2026
Figure 21: India Automotive Stamping Market Attractiveness by Material Type, 2016–2026
Figure 22: India Automotive Stamping Market Absolute $ Opportunity by Steel, 2016–2026
Figure 23: India Automotive Stamping Market Absolute $ Opportunity by Aluminum, 2016–2026
Figure 24: India Automotive Stamping Market Absolute $ Opportunity by Others, 2016–2026
Figure 25: India Automotive Stamping Market Value (US$ Mn) Forecast by Process Type, 2016–2026
Figure 26: India Automotive Stamping Market Y-o-Y Growth Analysis by Process Type, 2016–2026
Figure 27: India Automotive Stamping Market Attractiveness by Process Type, 2016–2026
Figure 28: India Automotive Stamping Market Absolute $ Opportunity by Progressive Die Stamping, 2016–2026
Figure 29: India Automotive Stamping Market Absolute $ Opportunity by Transfer Stamping, 2016–2026
Figure 30: India Automotive Stamping Market Absolute $ Opportunity by Tandem Stamping, 2016–2026
Figure 31: India Automotive Stamping Market Value (US$ Mn) Forecast by Product Type, 2016–2026
Figure 32: India Automotive Stamping Market Y-o-Y Growth Analysis by Product Type, 2016–2026
Figure 33: India Automotive Stamping Market Attractiveness by Product Type, 2016–2026
Figure 34: India Automotive Stamping Market Value (US$ Mn) Forecast by Body Stamping, 2016–2026
Figure 35: India Automotive Stamping Market Y-o-Y Growth Analysis by Body Stamping, 2016–2026
Figure 36: India Automotive Stamping Market Attractiveness by Body Stamping, 2016–2026
Figure 37: India Automotive Stamping Market Absolute $ Opportunity by BIW Parts, 2016–2026
Figure 38: India Automotive Stamping Market Absolute $ Opportunity by Chassis, 2016–2026
Figure 39: India Automotive Stamping Market Value (US$ Mn) Forecast by Non-Body Stamping, 2016–2026
Figure 40: India Automotive Stamping Market Y-o-Y Growth Analysis by Non-Body Stamping, 2016–2026
Figure 41: India Automotive Stamping Market Attractiveness by Non-Body Stamping, 2016–2026
Figure 42: India Automotive Stamping Market Absolute $ Opportunity by Engine Parts, 2016–2026
Figure 43: India Automotive Stamping Market Absolute $ Opportunity by Transmission & Steering Parts, 2016–2026
Figure 44: India Automotive Stamping Market Absolute $ Opportunity by Braking & Suspension Parts, 2016–2026
Figure 45: India Automotive Stamping Market Absolute $ Opportunity by Electrical Parts, 2016–2026
Figure 46: India Automotive Stamping Market Absolute $ Opportunity by Fuel Delivery, Emission & Filtration, 2016-2026
Figure 47: India Automotive Stamping Market Absolute $ Opportunity by Safety Equipment & Seating Systems, 2016-2026
Figure 48: India Automotive Stamping Market Absolute $ Opportunity Lighting Components, 2016–2026
Figure 49: India Automotive Stamping Market Absolute $ Opportunity Cooling Systems, 2016–2026
Figure 50: India Automotive Stamping Market Share Analysis, 201

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