Increasing usage of sheet metal across the consumer electronics and automotive industry is expected to positively impact the growth of the metal stamping market. Low raw material prices have been witnessed to compliment usage of light-weight corrosion resistive metal stamping for enhancing the stability of electrical & electronic and consumer electronic products. Technologically advanced metal stamping has been witnessing increased usage across commercial sectors since the recent past. Key players and manufacturers in the metal stamping market are taking immense efforts in developing sustainability strategies with regards to stamping owing to rising regulatory policies.
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The metal stamping industry has been significantly influenced by consumption patterns across sectors such as automotive, telecommunications, and consumer appliances. In addition, the shifting trend of substituting metals with composites and polymers for decreasing the weight of vehicles resulted in increased fuel efficiency and is likely to hamper the growth of the metal stamping market.
The growing adoption of the bending process in various industry verticals to improve the stability, durability, and quality of manufactured parts is anticipated to stimulate the growth of the metal stamping market. The aerospace industry is expected to create lucrative growth opportunities for the metal stamping market shortly. Metal stamping demand is expected to increase with an increasing focus on safety, demand for catering to stringent quality standards as well as the use of versatile and lightweight components for maintaining reduced fuel costs and low weight of aircraft.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
The rising competition in the automotive industry has led to the growth in demand for the global metal stamping market. In the global metal stamping market, the desired shape of the metal is achieved by pressing or punching process with the help of stamping dies. The process of punching or the application of pressure can be done either manually or mechanically as per the requirement. Metals predominantly used in the global metal stamping market are aluminum, steel, brass, copper, and stainless steel. The global metal stamping market is expected to grow with a single-digit compound annual growth rate during the forecast period.
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Metal Stamping Market: Region-wise Outlook
The global metal stamping market in North America and Europe is anticipated to grow at a good pace due to the growing demand in the automotive industry. The global metal stamping market is estimated to grow with a single-digit CAGR in North America during the forecast period. The industry is replacing ferrous materials with non-ferrous materials to reduce vehicle weight. In the developing regions, Asia and Latin America are expected to be the prospective market due to the expansion of capacity utilization and also the growing trend of outsourcing.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- The Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Key Players
Some of the few key players in the global metal stamping market are American Industrial Company, Martinrea International Inc., Magna International Inc., Hayes Lemmerz International, Harvey Vogel Manufacturing Co., Haitong Metals, D&H Industries, Inc., Dongguan Fortuna Metal Stamping Company, ThyssenKrupp AG, Alcoa Inc. and American Axle & Manufacturing, Inc.
Some of the key vendors in the global metal stamping market are Fiat Chrysler Automobiles, Toyota Motor Corporation, Ford Motor Company, General Motors, BMW AG, Whirlpool, and Boeing.
By Segmentation:
Based on product type, the global metal stamping market can be segmented into the following segments:
- Vehicle stamping
- Job stamping
- Others
Based on end-users, the global metal stamping market can be segmented into:
- Automotive
- Aerospace
- Consumer electronics
- Telecommunication
- Electrical & electronics
- Others