Global Metal Stamping Market was valued US$ 223.3 Bn in 2017 and is expected to reach US$ 307.4 Bn by 2026, at CAGR of 4.08% during forecast period.
Increasing usage of sheet metal across the consumer electronics and automotive industry is expected to drive the growth of the Metal Stamping. The increasing technological advancement and development in the automotive industry are the major driving factors for the growth of the global Metal Stamping. In the case of an automobile, the global Metal Stamping finds its usage inside panels, brackets, bonnets, roofs, hangers, etc. The growing demand in consumer electronics, aerospace, electrical & electronics, engineering machinery, and telecommunication are some of the other driving factors for the growth of the global Metal Stamping.
The evolution of metal stamping of the next generation has generated a dynamic driver for the growth of the global Metal Stamping. Additionally, the usage of dies is optional thus it saves time and optimizes the cost for the company. Low raw material prices have been witnessed to compliment the usage of light-weight corrosion resistivity metal stamping for enhancing the stability of electrical & electronic and consumer electronic products. At the same time, the emergence of plastics & composite materials hinders the growth of the market to some extent.
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The automotive industries application segment led the global market in 2018 and is expected to retain its dominance during the forecast period. Because of the increasing use of metal parts in various applications. Expensive substitutes, such as carbon fiber, are expected to foster the demand for stamping products in various end-use industries. Rapid industrialization and high manufacturing capacities will drive the demand for metal stamping in industrial machinery.
According to process, metal bending market is expected to grow at the fastest CAGR during the forecast period, due to rising adoption of bending process across many industry verticals for improving the quality, durability, and stability of manufactured parts. Moreover, deep drawing stamping market is also expected to witness significant growth through 2023, as the adoption of the deep drawing process for the production of complex parts across various industries is increasing with rising complexity in the product design, technological advancements, and product innovations.
The Asia Pacific has the largest share of the global Metal Stamping followed by Europe and North America. The large share of this region is mainly due to the factors such as a shift of manufacturing from North America & Europe to the Asia-Pacific region, increased industrialization, the significantly growing automotive and aerospace & aviation industry, infrastructural developments, and rising private & government investments in the manufacturing sector.
The report gives the present scenario and the growth prospects of the Global Metal Stamping Market. The Global Metal Stamping Market 2017-2026 has been prepared based on in-depth market analysis. The report ensures the market size and its growth forecasts over the coming years. The report also includes a discussion of the key Players operating in the Global Metal Stamping Market.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding the Global Metal Stamping Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global Metal Stamping Market.
Scope of Global Metal Stamping Market:
Global Metal Stamping Market, by Material :
Global Metal Stamping Market, by Process:
• Deep Drawing
Global Metal Stamping Market, by Application:
• Industrial Machinery
• Consumer Electronics
• Electrical & Electronics
• Medical Industry
Global Metal Stamping Market, by Region:
• South America
• Middle East & Africa
• Martinrea International Inc.
• Acro Metal Stamping
• Magna International Inc.
• Manor Tool & Manufacturing Company
• Hayes Lemmerz International
• Lindy Manufacturing Co.
• Harvey Vogel Manufacturing Co.
• D&H Industries
• Kenmode Precision Metal Stamping
• Klesk Metal Stamping, Inc.
• low Stamping Company, Inc.
• Aro Metal Stamping Company, Inc.
• Tempco Manufacturing Company, Inc.
• Interplex Industries, Inc.
• Caparo Engineering Limited
• Goshen Stamping Co., Inc.
• Dongguan Fortuna Metal Stamping Company
• ThyssenKrupp AG
• Toyota Motor Corporation
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