The global metal stamping market size reached US$ 246 Billion in 2019. Metal stamping is a complex manufacturing process used to convert flat metal sheets into specific shapes by placing them in either the coil or blank form into a stamping press. This can be done using numerous metal forming techniques, including blanking, punching, bending, piercing, coining, embossing, and flanging. Metal stamping can produce a high volume of identical metal components at a low cost. In recent years, several companies have been heavily investing in research and development (R&D) activities to introduce automated metal stamping technology for manufacturing agricultural equipment. Looking forward, IMARC Group expects the market value to reach US$ 288 Billion by 2025, expanding at a CAGR of 2.9% during the forecast period (2020-2025).
Metal stamping dies are relatively less expensive to maintain and produce than those used in other processes. The secondary costs, including plating and cleaning, are also cheaper than similar treatments for other metal fabrication processes. Besides this, the high level of automation and the employment of high-end computer-control programs in stamping machines represent the major metal stamping market trends. Nowadays, in most manufacturing plants, the entire process of blanking is automated and monitored through computers. The data is available with the central server, which helps operators in making necessary decisions in critical situations. Unlike traditionally used metal forming processes, these machines have improved production, lowered costs and create large quantities of identical metal components at the same time.
The widespread adoption of the bending process across various industries to improve the stability, durability and quality of the products represents the major factor impelling the growth of the global metal stamping industry. Metal stamping is widely utilized in the aerospace industry to manufacture frames and channels that are used in ultra-lightweight aircraft. In consumer electronics, metal stamping is used to produce metal frames used in mobile phones, headphones, speakers, gamepads, and controllers. Apart from this, with the growing demand for electric and hybrid vehicles, there has been a significant rise in the adoption of hot stamping technology. Metal stamping is widely implemented in the automobile industry to convert sheet metal into exterior and interior parts, such as auto-body panels and various appliance parts. Moreover, the increasing investments in major automotive hubs, like China, Japan and India, on new production facilities are also expected to escalate the demand for motor stamped parts in the coming years.
The development of new materials, such as advanced high strength steels (AHSS), has increased the demand for metal stamping as they are employed in sheet metal stamping, which produces higher contact pressure at the die-blank interface than conventional materials. Furthermore, the leading metal stamping companies are developing technologically advanced stamping methods, such as computer-aided design (CAD) processes that allow the shaping of metal parts through highly precise and accurate computer-generated drawings. They are also utilizing digital measuring systems that significantly reduce the processing time. Moreover, the introduction of 3D printing technology and additive fabrication, and extensive research and development (R&D) activities, are also contributing to the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global metal stamping market report, along with forecasts for growth at the global, regional and country levels from 2020-2025. Our report has categorized the market based on the region, material, press type, process and application.
Breakup by Material:
Breakup by Press Type:
Breakup by Process:
Based on the process, blanking accounts for the majority of the overall market share.
Breakup by Application:
Amongst these, the automotive industry currently represents the largest application segment.
Region-wise, Asia Pacific exhibits a clear dominance in the market.
The competitive landscape of the market has been analyzed, with some of the leading players being 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. and Tempco Manufacturing Company Inc.
Key Questions Answered in This Report:
According to the estimates by IMARC Group, the global metal stamping market will exhibit steady growth during the next five years.
The growing penetration of technologically-advanced stamping methods, such as the computer-aided design (CAD) processes, represents one of the key trends in the global metal stamping market.
On the basis of the process, the market has been categorized into blanking, embossing, bending, coining, deep drawing, flanging, and others. Blanking currently accounts for the majority of the total market share.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary shutdown of numerous end-use industries for metal stamping, thereby hampering the overall market growth.
The global metal stamping market was worth around US$ 246 Billion in 2019.
The increasing adoption of metal stamping for producing metal frames that are used in mobile phones, headphones, speakers, gamepads, controllers, etc., represents one of the key drivers for the global metal stamping market.
On the basis of the application, the market has been segregated into automotive, industrial machinery, consumer electronics, aerospace, electrical and electronics, healthcare, defense, telecommunications, and others. Amongst these, the automotive sector currently accounts for the largest market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.
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