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

  • Published: 2017-03-15
  • Report Code: REP-IN-3207

An Incisive, In-depth Analysis on the India Automotive Stamping Market

This study offers a comprehensive, 360 degree analysis on the India Automotive Stamping market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global India Automotive Stamping market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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 country’s 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.

india automotive stamping market_image for preview analysis

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.

The automotive stamping market in India is a mature market and is characterised by a large number of players in organised and unorganised sectors. Automotive OEMs, who are the end users of stamped components, themselves remain as the major stamping players in the market. In a new report titled “Automotive Stamping Market: India Industry Analysis and Opportunity Assessment, 2016–2026,” Future Market Insights analysts have observed that in the organised India automotive stamping market, a few of the giant Tier I stamping players in the market with large capital investments hold notable market share. It is also remarkable to note that the presence of imports is insignificant as there is sufficient supply of the product in the domestic market. Our expert team of analysts – after a detailed study of the market – have come to a conclusion that the automotive stamping market in India is highly competitive. To sustain in this competitive market, key players are focussing on strengthening their designing and manufacturing capabilities as part of their business strategy and are updating their knowledge with respect to technology. As a result of this, there is a collaboration between OEMs and stamped component suppliers to improve design, product development and manufacturing.  

While analysing the India automotive stamping market, we have found that in the product category, body stamping remains more lucrative in terms of CAGR growth. Body stamping requires high precision stamping and thus is capital intensive compared to non-body stamping. The segment is expected to witness significant investments in technology over the projected period. The main objective of this report is to provide updates and market opportunities in the India automotive stamping market. We have analysed the India automotive stamping market to estimate and comprehend the market value (US$ Mn) for a period of 10 years (2016 – 2026). The report is categorised into five segments based on stamping type, vehicle type, raw material, process type and product type.

Cost structure and value chain analysis – Two important elements of this report

Our report on the India automotive stamping market is mainly based on value chain and cost structure analysis. It starts with an executive summary of the automotive stamping market of India. Our team has analysed the key trends, drivers and restraints from the supply and demand sides under this particular section of the report. This section also includes automotive stamping market definition to understand the stamping process and its components for market analysis along with the product lifecycle of the India automotive stamping market. It also includes an outline of the comparison between automotive components and automotive stamping components in terms of value. Furthermore, an estimation over market size and percentile share from metal stamping components out of the total automotive components in India is provided with the cost structure analysis. The report also provides statistics in terms of value pertaining to non-body stamping components based on the raw material used in their manufacturing.

Macroeconomic indicators such as GDP, automobile production, automobile sales, vehicle parc, urbanisation and disposable income have been considered when estimating the revenue forecast of the India automotive stamping market. Top-down approach has been used to assess market numbers for material type sub-segment under body and non-body product types, while bottom-up approach has been used to deduce market numbers for the material type segment. Yearly change in inflation rate has not been considered while forecasting market numbers in this report. In the final segment of the report, the India automotive stamping market landscape is encompassed to provide report viewers with a dashboard outlook based on classifications of key providers through the value chain, presence in the India automotive stamping market product portfolio and key differentiators.

India Automotive Stamping Market: Segmentation

By Stamping

By Vehicle

By Material

By Process

By Product

  • Hot Stamping

  • Cold Stamping

  • Two-Wheeler

  • Three-Wheeler

  • Passenger Car

  • Commercial Vehicle

  • Steel

  • Aluminium

  • Others

  • Progressive Die Stamping

  • Tandem Stamping

  • Transfer Stamping

  • Body Stamping

    • BIW Parts

    • Chassis

  • Non-Body Stamping

    • Engine Parts

    • Transmission and Steering Parts

    • Braking and Suspension Parts

    • Electrical Parts

    • Fuel Delivery, Emission and Filtration

    • Safety Equipment and Seating System

    • Lighting Components

    • Cooling System

Our exclusive research methodology

To compute the India automotive stamping market size, the report analyses total automotive production and sales in India. The figures are validated by accessing the supply side and estimating the revenue created from automotive stamping components. Data so acquired is further authenticated through secondary research, and qualitative inputs from primary respondents are incorporated to arrive at the appropriate market size. The number of OEMs, Tier I, II and III players across India are tracked and their revenue from automotive stamping is estimated. When developing the market forecast, current market sizing has been done at the initial stage that forms the foundation to calculate the market value for the next 10 years. Another key feature of this report is the analysis of the India automotive stamping market by stamping type, vehicle type, raw material, process type and product type and the corresponding revenue forecast in terms of absolute dollar opportunity, critical in evaluating the opportunities that a provider can look to achieve, as well as to classify potential resources from a sales viewpoint in the India automotive stamping market.

India Automotive Stamping Market Reports - Table of Contents

India Automotive Stamping Market Reports - List of Tables

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

India Automotive Stamping Market Reports - List of Figures

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, 2015

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