Global Metal Stamping Market

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 News

  • 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. 
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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 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. 'Magna International Inc.', 'American Axle & Manufacturing Holdings, Inc.', 'Martinrea International Inc.', 'Toyota Boshoku Corporation', 'JBM Group', 'Thyssenkrupp AG', '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'

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.

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.

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.

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Global Metal Stamping Market

Report ID: SQMIG15J2048

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