The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
According to the estimates by IMARC Group, the global metal stamping market is expected to grow at a CAGR of around 5% during 2021-2026.
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 reached a value of US$ 187.3 Billion in 2020.
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.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at