“Automotive Stamped Components Market (By Material Type – Traditional Steel, Hot-Formed Steel, Aluminium, Magnesium, Composite Materials. By Vehicle – Passenger Cars, Commercial Vehicles. By Type – Body In White (BIW), Chassis) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 – 2025,”in terms of revenue, the automotive stamped components market was valued at US$ 121.3 Billlion in 2016, and is expected to reach US$ 150.6 Billion by 2025, expected to grow at a CAGR of 2.4% from 2014 to 2025.

Stamping has a huge benefit in automotive industry
Automotive stamping components offer wide range of benefits in the automotive sector. These benefits may include lower wastage of material, the process is much faster than any other operation, has very high accuracy and the process is much more versatile and flexible which results to lower the cost of manufacturing. In an automotive industry, copper stamping is the most common of process as copper has good ductility and corrosion resistance properties.the use of copper stamping process is done to manufacture engine radiators and other fuel components. Further down stainless steel stamping is also done by automobile manufacturers as they are used to construct tubing systems, brackets and sensors. Thus automotive stamped components are likely expected to boost the market growth during the forecast period.