Global Metal Stamping Market Insights Forecasts to 2032
- The Metal Stamping Market Size was valued at USD 220.6 Billion in 2022.
- The Market Size is Growing at a CAGR of 5.4% from 2022 to 2032
- The Worldwide Metal Stamping Market Size is expected to reach USD 315.76 Billion by 2032
- North America is expected To Grow the fastest during the forecast period.
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The Global Metal Stamping Market Size is expected to reach USD 315.76 Billion by 2032, at a CAGR of 5.4% during the forecast period 2022 to 2032.
Flat sheets of metal may be formed into a variety of desirable shapes through the industrial process known as metal stamping. A metal sheet or strip is sandwiched between a die and a punch, and pressure is then applied to distort the metal and produce the required shape. Usually constructed of hardened steel, the die and punch are used to form the metal into the required shape. For the manufacture of parts and components for several sectors, such as the automotive, aerospace, electronics, and appliance industries, metal stamping is frequently employed. It is especially well suited for high-volume production since it can quickly create several parts in big quantities at a stable quality.
Impact of COVID 19 On Global Metal Stamping Market
The COVID 19 pandemic has caused a severe impact on the global metal stamping market which has caused political turmoil as well as social unrest. The disruption on production, demand, supply chain, and travel industry are all the primary factors contributing the huge loss of the global metal stamping market. The COVID-19 has hampered the sales of machinery and other equipment in the first phase of the pandemic. Furthermore, the impact of the nationwide lockdown is presently vague and the companies are recovering financially on the basis of their cash reserves. Machinery and equipment companies could only afford lockdown for a few months. Post pandemic, the companies wererequired to change their investment plans. Manufacturers of machinery and equipment must prioritise safeguarding their personnel, business operations, and supply chains in order to respond to urgent emergencies and devise new operational strategies once the number of COVID-19 infection cases begins to decrease.
Global Metal Stamping Market Report Coverage
|Market Size in 2022:||220.6 Billion|
|Forecast Period 2022-2032 CAGR:||5.4%|
|2032 Value Projection:||315.76 Billion|
|Historical Data for:||2018-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||110|
|Segments covered:||By Process, By Material, by Region,|
|Companies Covered:||Arconic, ACRO Building Systems., Manor Tool & Manufacturing Company, LINDY MANUFACTURING CO, D&H Industries, Inc., Kenmode, Inc., Klesk Metal Stamping Co., Aro Metal Stamping Company, Inc., Tempco Manufacturing Company, Inc., Interplex Holdings Pte. Ltd., Caparo Group., Goshen Stamping Company, Clow Stamping Company, American Industrial Co., Martinrea International Inc., Magna International Inc., Hayes Lemmerz International, Harvey Vogel Manufacturing Co., Ningbo Haitong Metal Fabrication Co, LTD., Dongguan Fortuna Metal & Electronics Co., Ltd, thyssenkrupp AG, Alcoa Corporation.|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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Key Market Drivers
The governments of various countries and different organizations have started making huge investment in the research and development activities which is the key contributing factor for the market growth. In addition, the growth of the electronic industry is also going to boost the demand of metal frames that are used in headphones, speakers, mobile phones, controllers, and gamepads. In mobile, metal stamping is used making camera lens holders, chassis, and antennas because it offers high resistance to corrosion, electrical conductivity, tolerance, and a smooth finish. As per the GSM Association, the number of unique mobile subscribers is going to increase at a substantial rate over the upcoming years which is going to drive the demand of phones as well as metal stamping. An important market trend is the increased emphasis on renewable energy. The environment is negatively impacted by GHG emissions. The use of conventional fossil fuel-based energy to produce power is one of the main causes of these emissions. Thus, many developed and developing nations have started implementing new environmentally sustainable initiatives in order to promote the use of renewable power source. This will drive the overall growth of the global metal stamping market.
Key Market Challenges
The availability of plastic as well as composite materials act as the substitutes which is going to act as a major restraining factor of the global metal stamping market. Many industries have started using fiber and plastic in the form of substitutes for metals in different product components owing to their corrosion resistance qualities and lightweight feature. Furthermore, the region's metal stamping market suffered from the closure of the majority of industrial facilities, slow municipal operations compared to the prior year, and a standstill in the automobile sector.
The blanking segment is dominating the market over the forecast period
On the basis of process, the global metal stamping market is segmented into Blanking, Embossing, Bending, Coining, and Flanging. Among these, the blanking segment is dominating the market over the forecast period by generating a huge revenue share over the forecast period. By supplying the basic form for various metal components, blanking is essential in the production of automobiles. In the process of blanking, flat pieces of metal that are known as blanks are cut from a larger sheet or strip of metal. These blanks are the starting point for additional forming, shaping, and assembling procedures used to create automotive parts. The increasing use of blanking in the machine industry is going to drive the demand of segment over the forecast period.
Embossing, on the other hand is anticipated to witness the fastest market growth over the forecast period. Printing, packaging, stationery, and manufacturing all employ embossing as a decorative or practical method to produce raised or three-dimensional patterns, designs, or text on a surface. To make a raised design that sticks out from the backdrop, it includes pressing or stamping a material, usually paper, cardboard, metal, leather, or plastic.
Steel stamping segment holds the largest market share over the forecast period
Based on the material, the global metal stamping market is segmented into Steel, Aluminum, Copper, Others. Among these, the steel stamping segment holds the largest market share over the forecast period. High production speed, cost-effectiveness for long production runs, and the capacity to produce complicated forms with precise tolerances are just a few benefits of steel stamping. It is a flexible method that can work with a variety of steel grades and thicknesses, enabling the creation of components with different strengths and properties. Additionally, automation and the utilisation of stamping presses can increase manufacturing efficiency and uniformity.
Asia Pacific segment is dominating the market with the largest market share
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Asia Pacific region is dominating the market with the largest market share over the forecast period. The demand for phones and other consumer electronics is expected to rise in emerging nations like China, Bangladesh, India, Indonesia, and Pakistan, which are primarily driving the market expansion. The need for tools and machinery in Asia Pacific is anticipated to benefit from increased industrialization, infrastructure improvement, and expansion in the defence sector.
North America, on the other hand is witnessing the fastest market share over the forecast period. The growth of the region is attributed to the increasing demand from the automotive industry. Many key market players are focusing on manufacturing the product of lightweight vehicles by using metal which is similar as that of aluminium in different factors in order to reduce energy consumption.
Recent Market Developments
- In January 2022, Ansys introduced its first software on the basis of metal stamping simulation which is an exclusive that is mainly equipped to meet the industrial demand under a single platform.
List of Key Companies
- ACRO Building Systems.
- Manor Tool & Manufacturing Company
- LINDY MANUFACTURING CO
- D&H Industries, Inc.
- Kenmode, Inc.
- Klesk Metal Stamping Co.
- Aro Metal Stamping Company, Inc.
- Tempco Manufacturing Company, Inc.
- Interplex Holdings Pte. Ltd.
- Caparo Group.
- Goshen Stamping Company
- Clow Stamping Company
- American Industrial Co.
- Martinrea International Inc.
- Magna International Inc.
- Hayes Lemmerz International
- Harvey Vogel Manufacturing Co.
- Ningbo Haitong Metal Fabrication Co, LTD.
- Dongguan Fortuna Metal & Electronics Co., Ltd
- thyssenkrupp AG
- Alcoa Corporation
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global Metal Stamping Market based on the below-mentioned segments:
Metal Stamping Market, Process Analysis
Metal Stamping Market, Material Analysis
Metal Stamping Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions (FAQ)
1. What is the market size of Metal Stamping Market?The global Metal Stamping Market is expected to grow from USD 220.6 Billion in 2022 to USD 315.76 Billion by 2032, at a CAGR of 5.4% during the forecast period 2022-2032.
2. Who are the key market players of Metal Stamping Market?Some of the key market players of Arconic, ACRO Building Systems., Manor Tool & Manufacturing Company, LINDY MANUFACTURING CO, D&H Industries, Inc., Kenmode, Inc., Klesk Metal Stamping Co., Aro Metal Stamping Company, Inc., Tempco Manufacturing Company, Inc., Interplex Holdings Pte. Ltd., Caparo Group., Goshen Stamping Company, Clow Stamping Company, American Industrial Co., Martinrea International Inc., Magna International Inc., Hayes Lemmerz International, Harvey Vogel Manufacturing Co., Ningbo Haitong Metal Fabrication Co,LTD., Dongguan Fortuna Metal & Electronics Co., Ltd, thyssenkrupp AG, Alcoa Corporation.
3. Which segment hold the largest market share?Steel stamping segment holds the largest market share is going to continue its dominance.
4. Which region is dominating the Metal Stamping Market?Asia Pacific is dominating the Metal Stamping Market with the highest market share.
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