India Automotive Stamping Market, By Stamping (Hot Stamping, Cold Stamping); By Vehicle Type (Two-Wheeler, Three-Wheeler, Passenger Car, Commercial Vehicle); By Material (Steel, Aluminum); By Process Type (Progressive Die Stamping, Tandem Stamping, Transfer Stamping); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
- Published Date: February 2024
- Report ID: BWC24141
- Available Format: PDF
- Page: 200
Report Overview
Growing automotive industry, increasing demand for lightweight vehicles, technological advancements, and government initiatives promoting manufacturing and exports are driving the growth of the India Automotive Stamping Market during the forecast period between 2024 and 2030.
India Automotive Stamping Market – Industry Trends & Forecast Report, 2030
India Automotive Stamping Market size was estimated at USD 2.78 billion in 2023. During the forecast period between 2024 and 2029, the size of India Automotive Stamping Market is projected to grow at a CAGR of 6.82% reaching a value of USD 3.79 billion by 2030. The growth of India automotive industry, marked by a surge in car production and sales, is driving the expansion of the India Automotive Stamping Market. With a notable influx of companies into the automotive stamping sector, the demand for this metal stamping process is on the rise. Investing in advanced technologies, particularly automotive stamping, proves advantageous for market players. The continual integration of modern technologies through increased investments is expected to unlock significant growth potential for automotive stamping companies in India during the forecast period, aligning with the dynamic evolution of the automotive industry.
Automotive Stamping – Overview
Automotive stamping is a pivotal manufacturing process that transforms metal into desired shapes, forming the foundation of automotive industry construction. Widely applied in processing sheet metal and plastic components, the method plays a vital role in shaping both interior and exterior vehicle components. From hardened surfaces to intricate structures, automotive stamping is integral to the production of diverse automobile elements. As a fundamental process in the industry, it ensures the creation of the majority of vehicle components. With its crucial role in shaping automotive structures, the stamping market is poised for significant growth in the coming years.
India Automotive Stamping Market
Growth Drivers
Rising Vehicle Production
The surge in global demand for passenger vehicles and the trend of engine downsizing to enhance fuel efficiency are key factors boosting the India Automotive Stamping Market. The increased adoption of lightweight metals like aluminum, driven by the need for lighter vehicles, adds momentum. Technological advancements, including laser and hydraulic metal stamping, contribute to cost reduction in manufacturing. The expanding manufacturing industries across Asia Pacific, especially in India, play a pivotal role, with the region dominating the market. The rapid growth of small and medium-scale manufacturing industries in India is expected to drive substantial market expansion.
Challenges
High Initial Investments
The India Automotive Stamping Market grapples with the formidable challenge of a high initial investment, hindering entry for potential investors. The capital-intensive nature of stamping operations demands substantial financial commitment upfront, deterring some from exploring opportunities in the sector. Manufacturers face the task of strategizing and securing substantial funding to initiate operations successfully. Despite the restraint, the market's potential for growth and innovation beckons entrepreneurs to explore innovative financing models and collaborations. Overcoming the hurdle of high initial investment is crucial for unlocking the vast potential and fostering sustained development in India's Automotive Stamping Market.
Impact of Escalating Geopolitical Tensions on India Automotive Stamping Market
The escalating geopolitical tensions across the regions have significantly impacted the India Automotive Stamping Market. The automotive industry relies heavily on a stable geopolitical environment for the smooth flow of raw materials and the timely delivery of finished products. Disruptions in the supply chain due to geopolitical uncertainties, such as border disputes or trade restrictions, have led to increased production costs and delays in manufacturing processes. For instance, the India-China border tensions in 2020 affected the supply chain, causing disruptions for automotive manufacturers. These uncertainties have prompted companies to reassess their strategies, invest in localizing supply chains, and explore alternative markets, contributing to a challenging operating landscape for the India Automotive Stamping Market.
India Automotive Stamping Market
Segmental Coverage
India Automotive Stamping Market – By Stamping
Based on stamping, India Automotive Stamping Market is divided into Hot stamping and Cold Stamping segments. The hot stamping segment holds a higher share to the India Automotive Stamping Market by stamping. The hot stamping segment is a prevalent technique in the Indian automotive stamping market, favored for crafting lightweight, robust vehicle components. Its cost-effectiveness in producing complex safety-critical parts, such as A and B-pillar reinforcements, contributes to its widespread use.
India Automotive Stamping Market – By Vehicle Type
Based on vehicle type, India Automotive Stamping Market is divided into Two-wheeler, Three-Wheeler, Passenger Car, and Commercial Vehicle segments. The passenger car segment holds the largest share in the India Automotive Stamping Market by vehicle type. The dominance of the passenger car segment in the India Automotive Stamping Market is driven by factors such as a growing middle-class population, increased disposable income, and urbanization. Government policies, including reduced excise duties and subsidies for electric vehicles, have stimulated segment growth. The cultural importance of personal vehicle ownership and the diverse range of car models offered by automakers further contribute to the segment's dominance. India's role as a manufacturing and export hub for automobiles has led to an expansion in passenger car production, fueling demand for automotive stamping services.
India Automotive Stamping Market – By Material
Based on material, India Automotive Stamping Market is divided into Steel and Aluminum segments. The steel segment dominates the market due to its cost-effectiveness and exceptional strength. Preferred by the cost-conscious automotive industry in India, steel's affordability enables competitive pricing for vehicles, while its durability ensures structural integrity and safety in harsh conditions.
India Automotive Stamping Market – By Process Type
By process type, India Automotive Stamping Market is divided into Progressive Die Stamping, Tandem Stamping, and Transfer Stamping segments. The progressive die stamping segment holds the largest market share. This indicates a significant market focus on the progressive die stamping technique in the automotive stamping industry in India. Companies and stakeholders in the market may find opportunities and trends in the dominant segment, shaping their strategies and investments accordingly.
India Automotive Stamping Market – By Region
By region, India Automotive Stamping Market is divided into North India, South India, East India, and West India. North India constitutes the largest segment, encompassing key automotive manufacturing hubs. The region plays a pivotal role in the automotive stamping industry, hosting major players and contributing significantly to the overall market dynamics. The automotive sector's stronghold in North India, coupled with robust manufacturing infrastructure, positions it as a prominent and influential segment in the India Automotive Stamping Market.
Competitive Landscape
Major players in the India Automotive Stamping Market include Automotive Stampings and Assemblies Limited, JBM Group, Omax Autos Limited, CIE Automotive, Harsha Engineers International Limited, Yeshshree Press Comps Private Limited, Gestamp, Kalburgi Stamping, Runali Stamping Pvt Ltd, and SM Auto Stamping Limited. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Recent Developments
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In January 2023, Components, Gestamp unveiled its fourth hot stamping line in India. This new addition joins the existing hot stamping lines in Pune and Chennai. The company emphasizes that this move aligns with its strategy for India and worldwide. It aims to foster proximity to customers and collaborate on solutions close to manufacturers.
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In October 2022, ThyssenKrupp Steel showcased the AS Pro-coated MBW steels for automotive construction in series production at the EuroBLECH. This marks the introduction of the next generation of hot stamping technology.
Scope of Report
|
Attributes |
Details |
|
Years Considered |
Historical Data – 2019–2023 |
|
Base Year – 2023 |
|
|
Estimated Year – 2024 |
|
|
Forecast Period – 2024–2030 |
|
|
Facts Covered |
Revenue in USD Billion |
|
Market Coverage |
North India, South India, East India, West India |
|
Product/Service Segmentation |
Stamping, Vehicle Type, Material, Process Type, Region |
|
Key Players |
Automotive Stampings and Assemblies Limited, JBM Group, Omax Autos Limited, CIE Automotive, Harsha Engineers International Limited, Yeshshree Press Comps Private Limited, Gestamp, Kalburgi Stamping, Runali Stamping Pvt Ltd, SM Auto Stamping Limited |
By Stamping
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Hot stamping
-
Cold Stamping
By Vehicle Type
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Two-Wheeler
-
Three-Wheeler
-
Passenger Car
-
Commercial Vehicle
By Material
-
Steel
-
Aluminum
By Process Type
-
Progressive Die Stamping
-
Tandem Stamping
-
Transfer Stamping
By Region
-
North India
-
South India
-
East India
-
West India
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- India Automotive Stamping Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Rising vehicle production
- Increasing adoption of advanced technologies
- Expansion of automotive sector
- Increasing demand for replacement parts
- Restraints
- High initial investment
- Lack of skilled workforce shortage
- Fluctuating raw material prices
- Opportunities
- Government initiatives
- Focus on specialty stamping
- Challenges
- Integrating industry 4.0
- Keeping up with automotive trend
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- India Automotive Stamping Market: Marketing Strategies
- India Automotive Stamping Market Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Stamping
- Hot stamping
- Cold Stamping
- By Vehicle Type
- Two-Wheeler
- Three-Wheeler
- Passenger Car
- Commercial Vehicle
- By Material
- Steel
- Aluminum
- Others
- By Process Type
- Progressive Die Stamping
- Tandem Stamping
- Transfer Stamping
- By Region
- North India
- South India
- East India
- West India
- By Stamping
- Market Size & Forecast, 2019–2030
- North India Automotive Stamping Market
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Stamping
- By Vehicle Type
- By Material
- By Process Type
- Market Size & Forecast, 2019–2030
- South India Automotive Stamping Market
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Stamping
- By Vehicle Type
- By Material
- By Process Type
- Market Size & Forecast, 2019–2030
- East India Automotive Stamping Market
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Stamping
- By Vehicle Type
- By Material
- By Process Type
- Market Size & Forecast, 2019–2030
- West India Automotive Stamping Market
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Stamping
- By Vehicle Type
- By Material
- By Process Type
- Market Size & Forecast, 2019–2030
- Competitive Landscape
- List of Key Players and Their Offerings
- India Automotive Stamping Company Market Share Analysis, 2023
- Competitive Benchmarking, By Operation Channel Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Escalating Geopolitical Tensions on India Automotive Stamping Market
- Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- Automotive Stampings and Assemblies Limited
- JBM Group
- Omax Autos Limited
- CIE Automotive
- Harsha Engineers International Limited
- Yeshshree Press Comps Private Limited
- Gestamp
- Kalburgi Stamping
- Runali Stamping Pvt Ltd
- SM Auto Stamping Limited
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumption & Limitation
- Qualitative Research
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
Figure 1 India Automotive Stamping Market Segmentation
Figure 2 India Automotive Stamping Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 India Automotive Stamping Market Size, By Value (USD Billion), 2019–2030
Figure 5 India Automotive Stamping Market Share, By Stamping, By Value (USD Billion) 2019–2030
Figure 6 India Automotive Stamping Market Share, By Vehicle Type, By Value (USD Billion) 2019–2030
Figure 7 India Automotive Stamping Market Share, By Material, By Value (USD Billion) 2019–2030
Figure 8 India Automotive Stamping Market Share, By Process Type, By Value (USD Billion) 2019–2030
Figure 9 India Automotive Stamping Market Share, By Region, By Value (USD Billion) 2019–2030
Figure 10 North India Automotive Stamping Market Size, By Value (USD Billion), 2019–2030
Figure 11 North India Automotive Stamping Market Share, By Stamping, By Value (USD Billion) 2019–2030
Figure 12 North India Automotive Stamping Market Share, By Vehicle Type, By Value (USD Billion) 2019–2030
Figure 13 North India Automotive Stamping Market Share, By Material, By Value (USD Billion) 2019–2030
Figure 14 North India Automotive Stamping Market Share, By Process Type, By Value (USD Billion) 2019–2030
Figure 15 South India Automotive Stamping Market Size, By Value (USD Billion), 2019–2030
Figure 16 South India Automotive Stamping Market Share, By Stamping, By Value (USD Billion) 2019–2030
Figure 17 South India Automotive Stamping Market Share, By Vehicle Type, By Value (USD Billion) 2019–2030
Figure 18 South India Automotive Stamping Market Share, By Material, By Value (USD Billion) 2019–2030
Figure 19 South India Automotive Stamping Market Share, By Process Type, By Value (USD Billion) 2019–2030
Figure 20 East India Automotive Stamping Market Size, By Value (USD Billion), 2019–2030
Figure 21 East India Automotive Stamping Market Share, By Stamping, By Value (USD Billion) 2019–2030
Figure 22 East India Automotive Stamping Market Share, By Vehicle Type, By Value (USD Billion) 2019–2030
Figure 23 East India Automotive Stamping Market Share, By Material, By Value (USD Billion) 2019–2030
Figure 24 East India Automotive Stamping Market Share, By Process Type, By Value (USD Billion) 2019–2030
Figure 25 West India Automotive Stamping Market Size, By Value (USD Billion), 2019–2030
Figure 26 West India Automotive Stamping Market Share, By Stamping, By Value (USD Billion) 2019–2030
Figure 27 West India Automotive Stamping Market Share, By Vehicle Type, By Value (USD Billion) 2019–2030
Figure 28 West India Automotive Stamping Market Share, By Material, By Value (USD Billion) 2019–2030
Figure 29 West India Automotive Stamping Market Share, By Process Type, By Value (USD Billion) 2019–2030
List of Tables
Table 1 India Automotive Stamping Market Size, By Value (USD Billion), 2019–2030
Table 2 India Automotive Stamping Market Share, By Stamping, By Value (USD Billion) 2019–2030
Table 3 India Automotive Stamping Market Share, By Vehicle Type, By Value (USD Billion) 2019–2030
Table 4 India Automotive Stamping Market Share, By Material, By Value (USD Billion) 2019–2030
Table 5 India Automotive Stamping Market Share, By Process Type, By Value (USD Billion) 2019–2030
Table 6 India Automotive Stamping Market Share, By Region, By Value (USD Billion) 2019–2030
Table 7 North India Automotive Stamping Market Size, By Value (USD Billion), 2019–2030
Table 8 North India Automotive Stamping Market Share, By Stamping, By Value (USD Billion) 2019–2030
Table 9 North India Automotive Stamping Market Share, By Vehicle Type, By Value (USD Billion) 2019–2030
Table 10 North India Automotive Stamping Market Share, By Material, By Value (USD Billion) 2019–2030
Table 11 North India Automotive Stamping Market Share, By Process Type, By Value (USD Billion) 2019–2030
Table 12 South India Automotive Stamping Market Size, By Value (USD Billion), 2019–2030
Table 13 South India Automotive Stamping Market Share, By Stamping, By Value (USD Billion) 2019–2030
Table 14 South India Automotive Stamping Market Share, By Vehicle Type, By Value (USD Billion) 2019–2030
Table 15 South India Automotive Stamping Market Share, By Material, By Value (USD Billion) 2019–2030
Table 16 South India Automotive Stamping Market Share, By Process Type, By Value (USD Billion) 2019–2030
Table 17 East India Automotive Stamping Market Size, By Value (USD Billion), 2019–2030
Table 18 East India Automotive Stamping Market Share, By Stamping, By Value (USD Billion) 2019–2030
Table 19 East India Automotive Stamping Market Share, By Vehicle Type, By Value (USD Billion) 2019–2030
Table 20 East India Automotive Stamping Market Share, By Material, By Value (USD Billion) 2019–2030
Table 21 East India Automotive Stamping Market Share, By Process Type, By Value (USD Billion) 2019–2030
Table 22 West India Automotive Stamping Market Size, By Value (USD Billion), 2019–2030
Table 23 West India Automotive Stamping Market Share, By Stamping, By Value (USD Billion) 2019–2030
Table 24 West India Automotive Stamping Market Share, By Vehicle Type, By Value (USD Billion) 2019–2030
Table 25 West India Automotive Stamping Market Share, By Material, By Value (USD Billion) 2019–2030
Table 26 West India Automotive Stamping Market Share, By Process Type, By Value (USD Billion) 2019–2030
Table 27 Automotive Stampings and Assemblies Limited Company Overview
Table 28 Automotive Stampings and Assemblies Limited Financial Overview
Table 29 JBM Group Company Overview
Table 30 JBM Group Financial Overview
Table 31 Omax Autos Limited Company Overview
Table 32 Omax Autos Limited Financial Overview
Table 33 CIE Automotive Company Overview
Table 34 CIE Automotive Financial Overview
Table 35 Harsha Engineers International Limited Company Overview
Table 36 Harsha Engineers International Limited Financial Overview
Table 37 Yeshshree Press Comps Private Limited Company Overview
Table 38 Yeshshree Press Comps Private Limited Financial Overview
Table 39 Gestamp Company Overview
Table 40 Gestamp Financial Overview
Table 41 Kalburgi Stamping Company Overview
Table 42 Kalburgi Stamping Financial Overview
Table 43 Runali Stamping Pvt Ltd Company Overview
Table 44 Runali Stamping Pvt Ltd Financial Overview
Table 45 SM Auto Stamping Limited Company Overview
Table 46 SM Auto Stamping Limited Financial Overview
Market Segmentation
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