The Global Motor Vehicle Body, Metal Stamping & Other Parts Market Was Valued At $1.2 trillion In 2017 According To TBRC’s Latest Report

04/set/2018 07:41:32 The Business Research Company Contatta l'autore

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Motor vehicle body, metal stamping, & other parts manufacturers produce motor vehicle seating and interior trim, fabric accessories and trimmings, seat belts and safety straps, for transportation equipment of all kinds. Motor vehicle metal stamping companies manufacture motor vehicle metal stampings and perform stamping operation, and incidental operations such as removing burrs and other stamping defects, but do not further work the stamping into a final product. Other motor vehicle parts manufacturing companies manufacture motor vehicle parts and accessories, but not classified to any other segment.

 

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 https://www.thebusinessresearchcompany.com/report/motor-vehicle-body-metal-stamping-and-other-parts-global-market-report-2018

 

The global motor vehicle body, metal stamping, & other parts market was valued $1.2 trillion in 2017, and is expected to grow because of the positive economic outlook, increasing demand for transportation services owing to rapid urbanization, policy makers’ green energy funding initiative, advancements in technology and increasing consumer demand for fuel efficient vehicles.

Asia Pacific was the largest geographic region in the market, accounting for more than two-fifth of the global market share, due to the presence of a large number of motor vehicle manufacturing companies and train and component manufacturing companies in countries such as China, India and Japan.

 

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China was the largest country in the market, accounting for more than one-fourth of the global market share, due to the presence of a large number of motor vehicle, aircraft and train manufacturing companies owing to strong demand from domestic market. The country was also a hub to many motor vehicle, aircraft and ship component manufacturing companies. China was followed by India and Japan as the next largest countries in the market.

The major competitors in the market are Lindy Manufacturing, Alcoa Inc., Acro, Gestamp, and Trans-Matic. Lindy Manufacturing Company is a job shop metal stamper established in 1953 and located in Downers Grove, Illinois.

 

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