USD 211.79 Billion
Metal Stamping Market Size, Share, Growth Analysis, By Process(Blanking, Embossing, Bending, Coining), By Application(Automotive, Industrial Machinery, Consumer electronics, Aerospace), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15J2048 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|Tables:
71
|Figures:
75
Metal Stamping Market Insights
Global Metal Stamping Market size was valued at USD 211.79 Billion in 2022 and is poised to grow from USD 222.17 Billion in 2023 to USD 325.75 Billion by 2031, at a CAGR of 4.9% during the forecast period (2024-2031).
The increasing consumer electronics market is anticipated to be an important catalyst due to the use of metal frames in cell phones, speakers, headphones, and gamepads and controllers. Owing to its high tolerance, resistance to corrosion, conductivity to electricity, and shiny finish, metal stamping is used in the fabrication of antennas, chassis, & camera lens mounts in mobile phones. Global Metal Stamping Market. This is expected to increase demand for cell phones and, possibly, metal stamping in the coming years.
The United States is a major player in the sector. However, the development of COVID-19 and accompanying temporary lockdown measures across the country had an influence on industry activities. Due to supply chain issues and dried-up demand from end-use clients, downstream demand from major sectors such as automotive, aircraft, industrial machinery, and more has been significantly impacted. The situation has stabilized as vaccination rates have increased. The increased demand for metal stamping in the United States has prompted firms to expand their operations.
For instance, the General Motors Co. announced intentions to invest USD 6 million in its stamping metal operation in Parma, Ohio, U.S. The funds will be utilized to build four new metal assembling cells for the increased manufacturing of Chevrolet Silverado & GMC Sierra pickup vehicles.
According to the International Energy Agency (IEA), worldwide electric car (EV) sales topped 3.4 million in 2021, with China accounting for more than half of this total. Government actions, such as electric vehicle incentives to local manufacturers to assist the growth of EVs, are important drivers driving the increased manufacturing. This is anticipated to increase the use of sheet metal in the fabrication of vehicle components.
These components include the chassis, interior and external structural elements, and gearbox components. This, in turn, is likely to boost market growth throughout the forecast period. Market development may be hampered when automakers replace metals with plastic & carbon fiber to reduce vehicle weight. A 10% reduction in vehicle weight results in a 5% to 7% raise in fuel efficiency.
The increased production of lightweight automobiles due to severe regulatory rules in numerous countries is expected to generate demand for replacement items. In the United States, for instance, advancements in Corporate Average Fuel Economy (CAFE) requirements to improve fuel efficiency are boosting the use of these replacement materials in automobiles, which is projected to impair the market for metal stamping.
US Metal Stamping Market is poised to grow at sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Blanking
Fastest Growth
Blanking
Growth Rate
4.9% CAGR
Global Metal Stamping Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Metal Stamping Market Segmental Analysis
The global metal stamping market is segmented on the basis of process, application, and region. Based on process, the market is segmented into blanking, embossing, bending, coining, flanging, and others. Based on application the market is segmented into automotive, industrial machinery, consumer electronics, aerospace, electrical & electronics, building & construction, telecommunications, and others. Based on region, the global Metal Stamping Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Metal Stamping Market Analysis by Process
The blanking segment had the highest revenue share of more than 32.0%. Due to its precise measurement and better stamping ability, blanking is an essential aspect of the vehicle manufacturing process. The process entails using a die to create the required form. The increasing use of blanking in the vehicle industry due to its capacity to accommodate mass production lines is expected to increase category growth in the coming years.
Embossing is the second-largest market in 2022 due to advantages such as the ability to make multiple patterns and sizes based on the roll dies. This is accomplished by passing a metal sheet or strip across rolls with the desired pattern. Embossing a sheet metal decreases friction, increases stiffness & rigidity, and improves traction.
The bending technique involves pressing a metal onto a planar surface to create the required shape. When utilized for small or medium quantities of metal, the bending technique is cost-effective. The bent pieces are used in a variety of applications in automobiles, including wheels, door hinges, including engine assembly.
Metal Stamping Market Analysis by Application
The automotive & transportation sector had a revenue share of more than 35.0% in 2022. Metal stamping parts are used in the automotive sector, such as cars, Light Commercial Vehicles (LCVs), heavy trucks, buses, & coaches, to maintain safety standards and control final prices. Due to the International Organization of Automobile Manufacturers, worldwide LCV and heavy truck production will reach 17.2 and 4.3 million units in 2021, respectively. High-volume production is projected to drive the metal stamping market in automotive applications forward in the coming years.
Metal stamping is used in the aerospace sector to make aircraft parts such as channels and frames in order to achieve ultra-lightweight airplanes that consume less fuel. Metal stamping in the manufacture of aircraft parts provides durability & is a cost-effective option, which is projected to drive demand.
Furthermore, rising commercial & fighter aircraft production is likely to drive the market in the future years. The industrial machinery industry is predicted to increase significantly in the coming years as developing and emerging nations such as India, China, Brazil, & South Africa continue to industrialize.
Global Metal Stamping Market By Process
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Metal Stamping Market Regional Insights
Asia Pacific accounted for a share of revenue of more than 36.0% in 2022 and is expected to have the fastest CAGR over the forecast period due to the region's growing demand for automobiles and consumer electronics. Rising demand for phones and other consumer gadgets is predicted to boost industry growth in developing countries such as China, India, Bangladesh, Indonesia, & Pakistan. Growing industrialization, infrastructure development, and growth in the defense industry are expected to drive demand for equipment and machinery in Asia Pacific.
The increased production of aluminum hoods is expected to stimulate stamped product demand in the future years. Due to the existing automotive industry and the rising consumer electronics industry, Europe accounted for a considerable revenue share in 2022. The region has severe laws in place to improve fuel economy, which is growing demand for EVs. According to the International Energy Agency, global EV sales will exceed 44 million vehicles per year by 2030. The increasing need for electric cars is expected to boost market growth in the coming years.
Global Metal Stamping Market By Region
- Largest
- Fastest
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Metal Stamping Market Dynamics
Metal Stamping Market Drivers
Growing Automotive Industry
- The automotive industry is a major driver of the metal stamping market. Metal stamping is extensively used in automotive components like chassis, body panels, brackets, and engine parts. The increasing demand for automobiles globally drives the need for metal stamping, as it offers cost-effective and efficient manufacturing solutions.
Metal Stamping Market Restraints
High Initial Capital Investment
- Establishing a metal stamping facility requires significant capital investment in machinery, equipment, and tooling. The high initial setup costs act as a restraint, particularly for small and medium-sized enterprises (SMEs), limiting their entry into the market.
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Metal Stamping Market Competitive Landscape
The global market is highly competitive, with several little and large-scale companies in the industry. Local businesses compete with global players based on services & customized products. Local players can offer personalized customized services for their clients as well as deliver standard goods to major industrial machinery makers, car OEMs, & consumer electronics manufacturers.
Metal Stamping Market Top Player’s Company Profiles
- American Axle & Manufacturing Holdings, Inc.
- Martinrea International Inc.
- JBM Group
- Acro Metal Stamping Co.
- Lindy Manufacturing Co.
- Gestamp Automocion SA
- Voestalpine Group
- Shiloh Industries, Inc.
- CIE Automotive
- Tower International
- Kenmode Precision Metal Stamping
- Fisher Dynamics
- Goshen Stamping Co., Inc.
- D&H Industries
- Batesville Tool & Die, Inc.
- Manor Tool & Manufacturing Company
- Progressive Metal Manufacturing Company
Metal Stamping Market Recent Developments
- In November 2023, Federal Tool & Engineering, BP Metals, and Rockford Specialties, which are based in Wisconsin, Minnesota, and Illinois, respectively, were acquired by Milwaukee, Wisconsin-based equity firm Generational Growth Capital. Manufacturers of structural steel and metal stamping are the three categories of manufacturers. This will provide the new company access to a number of advantages, including the ability to increase its manufacturing capacity and provide consumers with uninterrupted delivery services by means of a robust logistical supply chain.
- For an undisclosed fee, Ryerson purchased Norlen Inc., a metal stamping fabricator with headquarters in Wisconsin, in October 2023. The latter serves the defense and agriculture industries primarily.
- General Motors declared in June 2023 that it will be investing over USD 500 million in its assembly facility located in Arlington, Texas, to manufacture the next SUVs. It plans to buy new machinery for the body shop, metal stamping, and other assembly components.
- Prominent driveline and metal forming technology company American Axle & Manufacturing Holdings, Inc. (AAM) announced in May 2023 that it has invested $10 million in the Global Strategic Mobility Fund (GSMF), managed by EnerTech Capital. With this investment, AAM and EnerTech strengthen their strategic cooperation and gain access to a vast network of innovative technologies and business alliances.
Metal Stamping Key Market Trends
- Adoption of Advanced Materials: There is a growing trend towards the adoption of advanced materials in metal stamping processes. This includes high-strength steels, aluminum alloys, and other lightweight materials that offer improved strength, durability, and weight reduction in various industries.
- Increasing Automation and Robotics: Automation and robotics are being increasingly utilized in metal stamping operations to improve productivity, reduce labor costs, and enhance precision. Advanced robotic systems are being integrated into stamping lines for tasks such as material handling, die changing, and quality inspection.
- Shift towards Electric Vehicles (EVs): The rising demand for electric vehicles is influencing the metal stamping market. As EVs require different components and structures compared to traditional internal combustion engine vehicles, metal stamping companies are adapting their processes to manufacture EV-specific parts like battery housings, chassis components, and lightweight structural elements.
- Focus on Sustainable Practices: Environmental sustainability is gaining importance in the metal stamping industry. Companies are adopting greener manufacturing practices, reducing waste, and optimizing energy consumption. Additionally, there is an increasing emphasis on recycling and using eco-friendly materials in the production process.
- Growing Demand in Aerospace and Defense: The aerospace and defense sector are witnessing an increased demand for metal stamped components, driven by factors such as aircraft production, defense modernization programs, and the need for lightweight structures. Metal stamping provides precise and reliable solutions for manufacturing critical aerospace parts.
Metal Stamping Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global metal stamping market, the increasing consumer electronics market is anticipated to be an important catalyst due to the use of metal frames in cell phones, speakers, headphones, and gamepads and controllers. Because of its high tolerance, resistance to corrosion, conductivity to electricity, and shiny finish, metal stamping is used in the fabrication of antennas, chassis, & camera lens mounts in mobile phones. Global Metal Stamping Market. This is expected to increase demand for cell phones and, possibly, metal stamping in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 211.79 Billion |
| Market size value in 2031 | USD 325.75 Billion |
| Growth Rate | 4.9% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Metal Stamping Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Metal Stamping Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Metal Stamping Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Metal Stamping Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Metal Stamping Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Metal Stamping Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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