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In the Due Course of ten-year Forecast Period India Automotive Stamping Market will Reach US$ 10,400 Mn

09-18-2017 10:01 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

In the Due Course of ten-year Forecast Period India Automotive

Metalworking processes such as stamping will not cease to gain traction as a key application in the global automotive industry. In any region, the demand for automotive stamping grows in parallel with its automobile production. Based on the data published by the Organisation Internationale des Constructeurs d’Automobiles (OICA), India is among the top ten countries in terms of global motor vehicle production. Significant contribution of India to the world’s automobile production count has instrumented a considerable rise in the country’s automotive stamping businesses. A majority of automobile businesses run by companies such as Gestamp Automobile India Private Limited, Caparo India, Omax Auto Ltd., and Mahindra CIE Automotive Limited are focussed towards participation in the automotive stamping market.

View and Download TOC of India Automotive Stamping Market Research Report@ https://www.futuremarketinsights.com/reports/india-automotive-stamping-market/toc

According to a latest report published by Future Market Insights, the automotive stamping in India will continue to witness higher participation from abovementioned companies, and joining them would be the JBM Group, Klt Automotive and Tubular Products Limited, and Tata Autocomp Systems Limited. The report, titled “Automotive Stamping Market: India Industry Analysis and Opportunity Assessment, 2016-2026,” estimates that India’s automotive stamping market is presently valued at US$ 3,734.9 Mn. In the due course of ten-year forecast period, the market is projected to soar at 10.8% CAGR and bring in nearly US$ 10,400 Mn by 2026-end.

The report reveals that throughout the forecast period, non-body automotive stamping will continue to gain traction in India. On the other hand, body stamping is projected to procure a consistent 42% share of overall market value. In 2017 and beyond, the demand for transfer stamping is predicted to gain prominence, while progressive die stamping will keep accounting for over half of the market revenues. Steel is being observed as the widely-preferred raw material for automotive stamping in India. In 2016, more than US$ 2.5 Bn worth of steel was stamped for production of vehicles in India. Likewise, the demand for aluminium in India’s automotive stamping market is also likely to grow. Through 2026, revenues generated from automotive stamping of aluminium materials are anticipated to rise at 11.2% CAGR.

Request and Download Sample Report@ https://www.futuremarketinsights.com/reports/sample/rep-in-3207

The report further reveals that passenger cars will be accounting for over one-third of automotive stamping revenues in India throughout the forecast period. In this period, automotive stamping revenues arising from two-wheeler sales will exhibit growth at a 12.2% CAGR. In India, body stamping BIW parts will rake in over US$ 2,800 Mn by the end of 2026. Stamping of chasses, meanwhile, is expected to register a value CAGR of over 12%. When it comes to non-body stamping, India’s automotive stamping market will continue to witness higher revenue outcome from stamping engine parts, transmission & steering parts, and safety equipment & seating systems.

Buy Full India Automotive Stamping Market Report@ https://www.futuremarketinsights.com/checkout/3207

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

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