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The stamping process itself encompasses several techniques, including blanking, punching, bending, and embossing. Blanking involves cutting flat shapes out of a sheet of metal, while punching creates holes or cutouts in the material. Bending is used to shape metal into angles and curves, and embossing can add intricate designs or textures to a surface. These techniques can be combined in a single operation, significantly reducing production time and costs.

Despite their crucial role, automotive OEMs face numerous challenges. The shift toward electrification is accompanied by substantial investments in new technologies, which can strain financial resources. Additionally, there is fierce competition not only among traditional car manufacturers but also from tech companies venturing into the automotive space. Companies like Google and Apple are exploring autonomous driving technologies and in-car connectivity, threatening to disrupt the industry landscape.