The
global Metal
Stamping Market size is expected to reach USD 316.72 billion by
2030, registering a CAGR of 4.2% over the forecast period, according to a new
report by Grand View Research, Inc. The increasing production of
automobiles is anticipated to drive the demand for metal stamping as it is used
in the manufacturing of car body panels, transmission components, and interior
and exterior structural components. Automobile consumers are shifting their
focus towards lightweight vehicles on account of rising concerns about environmental
pollution. According to LMC Automotive, U.S. light vehicles sales reached
around 14.5 million in 2020 and are expected to reach nearly 15.8 million by
2022. The growing demand for lightweight vehicles is encouraging auto component
manufacturers to increase their production capacities and engage in new product
developments.
This,
in turn, is anticipated to augment market growth over the coming years. Major
automobile manufacturers that have in-house component manufacturing facilities
are expanding their production capacities to meet the growing demand for
automobiles. Moreover, the telecommunications industry is also projected to
witness lucrative demand for stamped products owing to the growing investments
in 5G technology. For instance, in November 2020, FAIST Precision Suzhou
announced its investment in the installation of a new die casting machine,
called the FRECH GDK3200T, which will be used to run 5G projects for mass
production. In the Asia Pacific, increasing demand for consumer electronics, such
as mobile phones, computers, laptops, and headphones, is likely to boost
the demand for metal stamping as it is used in manufacturing metal frames, such
as metal headbands, which are used in headphones.
Change
in consumer preferences towards enhanced audio experience along with a rapidly
growing music industry, and advancement in VR technology are the major factors
that are expected to drive the demand for headphones. This, in turn, is
likely to propel market growth over the coming years. The market is highly
competitive with the presence of local as well as global players including
Alcoa Corp., Lindy Manufacturing Co., Tool & Manufacturing Company, and
D&H Industries. These companies are focusing on long-term agreements,
capacity expansions, and mergers and acquisitions to meet the growing product
demand from potential customers. For instance, in October 2021, Shiloh
Industries completed the acquisition of two stamping plants fromBenteler for
the automotive business. These plants are equipped with modern precision laser
cutting and hot-formed steel stamping products for the production of chassis
components.
List of Key Players of Metal Stamping Market
- Acro Metal
Stamping
- Manor Tool
& Manufacturing Company
- D&H
Industries, Inc.
- Kenmode,
Inc.
- Klesk Metal
Stamping Co
- Clow
Stamping Company
- Goshen
Stamping Company
- Tempco
Manufacturing Company, Inc
- Interplex
Holdings Pte. Ltd.
- CAPARO
- Nissan Motor
Co., Ltd
- AAPICO
Hitech Public Company Limited
- Gestamp
- Ford Motor
Company
Related Press
Release@ Metal
Stamping Market Report
Metal Stamping Market Report Highlights
- Based on
process, the blanking segment is anticipated to progress at a significant
CAGR over the forecast period, owing to the increasing demand from the
automotive industry on account of its precise and superior stamping ability.
- The bending
segment accounted for a revenue share of over 16.0% in 2022. Products
manufactured using this process ensure stability and durability, thus it
is mostly used in auto components.
- Based on
application, consumer electronics is projected to be the fastest-growing
segment over the forecast period. The growth is attributed to the
increasing utilization of lightweight metal components to improve the
durability of electronics.
- Industrial
machinery held the second-largest revenue share of the global market in
2023. The segment growth is attributable to the rising demand for
machinery and automation to improve output efficiency.
- Asia Pacific
held the largest revenue share of more than 36.0% in 2023 owing to
increasing demand for cars and consumer electronics in the region
Metal Stamping Market
Report Scope
|
Report Attribute |
Details |
|
Market
size value in 2024 |
USD
243.93 billion |
|
Revenue
forecast in 2030 |
USD
316.72 billion |
|
Growth
Rate |
CAGR of
4.2% from 2024 to 2030 |
|
Base year
for estimation |
2023 |
|
Historical data |
2018 - 2022 |
|
Forecast period |
2024 - 2030 |
Request For A Free Consultation@ https://www.grandviewresearch.com/request-free-consultation/5606/rfc
Metal Stamping Market Segmentation
Grand
View Research has segmented the global metal stamping market based on process,
press type,thickness, application, and region:
Metal Stamping Process Outlook (Revenue, USD Million,
2018 - 2030)
- Blanking
- Embossing
- Bending
- Coining
- Flanging
- Others
Metal Stamping Press Type Outlook (Revenue, USD Million,
2018 - 2030)
- Mechanical
Press
- Hydraulic
Press
- Servo Press
- Others
Metal Stamping Thickness Outlook (Revenue, USD Million,
2018 - 2030)
- Less than
& up to 2.5 mm
- More than
2.5 mm
Metal Stamping Application Outlook (Revenue, USD Million,
2018 - 2030)
- Automotive
- Industrial
Machinery
- Consumer
electronics
- Aerospace
- Electrical
& Electronics
- Building
& Construction
- Telecommunications
- Others
Metal Stamping Regional Outlook (Revenue, USD Million,
2018 - 2030)
- North
America
- U.S.
- Europe
- Germany
- U.K.
- Italy
- Asia Pacific
- China
- India
- Japan
- Central
& South America
- Middle East
& Africa
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, the company offers
market intelligence studies ensuring relevant and fact-based research across a
range of industries including technology, chemicals, materials, healthcare and
energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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