Metal Stamping Market Share, Growth, Scope and Forecast 2023-2028
According to IMARC Group’s latest report, titled “Metal Stamping Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The study provides a detailed analysis of the industry, including the global metal stamping market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is Metal Stamping Market?
The global metal stamping market size reached US$ 207.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 257.7 Billion by 2028, exhibiting a growth rate (CAGR) of 3.3% during 2023-2028.
What is Metal Stamping?
Metal stamping refers to a complex manufacturing process utilized to convert flat metal sheets into various shapes by placing them in either the coil or blank form into a stamping press. It involves multiple steps, including blanking, coining, punching, bending, piercing, embossing, and flanging. Metal stamping techniques can produce a high volume of identical metal components at the lowest cost. They even allow convenient manufacturing of complicated profiles with improved repeatability and require no secondary operations. Consequently, metal stamping procedures find widespread utilization across several sectors, such as automotive, consumer electronics, industrial machinery, aerospace, electrical, telecommunications, healthcare, defense, etc.
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Metal Stamping Market Trends:
The increasing application of metal frames in headphones, mobile phones, speakers, gamepads, and controllers is among the key factors driving the metal stamping market. In addition to this, the escalating need for blanking in the automobile industry, owing to its ability to cater to mass production lines, is acting as another significant growth-inducing factor. Moreover, the rising investments of numerous companies in research and development (R&D) activities for introducing automated metal stamping technology to manufacture agricultural equipment are further stimulating the global market.
In line with this, the launch of computer-aided design (CAD) systems that facilitate the shaping of metal parts through highly precise and accurate computer-generated drawings is also positively influencing the market growth. Furthermore, the expanding use of digital measuring systems that significantly decrease the processing time, the elevating dependence on 3D printing technology and additive fabrication, and the growing production of fighter and commercial aircraft are expected to bolster the metal stamping market over the forecasted period.
Competitive Landscape with Key Players:
The competitive landscape of the market has been analyzed, with some of the leading players.
- Acro Metal Stamping
- American Axle & Manufacturing Inc.
- American Industrial Company
- Arconic Corporation
- Aro Metal Stamping Company Inc.
- Caparo Engineering India Limited
- CIE Automotive
- Clow Stamping Company Inc.
- D&H Industries (Vista Equity Partners)
- Goshen Stamping LLC
- Interplex Industries Inc. (Amtek Engineering)
- Kenmode Precision Metal Stamping
- Klesk Metal Stamping Inc.
- Tempco Manufacturing Company Inc.
Key Market Segmentation:
The report has categorized the market based on the material, press type, process and application.
Breakup by Material:
- Steel
- Aluminium
- Copper
- Others
Analysed by Press Type:
- Mechanical Press
- Hydraulic Press
- Servo Press
Breakup by Process:
- Blanking
- Embossing
- Bending
- Coining
- Deep Drawing
- Flanging
- Others
Based on Application:
- Automotive
- Industrial Machinery
- Consumer Electronics
- Aerospace
- Electrical and Electronics
- Healthcare
- Defence
- Telecommunications
- Others
Regional Analysis:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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