Global Metal Stamping Market 2017-2021
About Metal Stamping
Stamping process involves placing a sheet of metal in a blank or coil form, where a tool or die surface gives the sheet a desired shape when subjected to pressure. Metals form an important component of many manufacturing and end-user industries. Industries such as the automotive, aerospace, machinery, and consumer appliances use metals such as steel, aluminum, and cast iron as basic components. The process of applying pressure on sheet metal to obtain the desired industry product is known as metal stamping. Metal stamping can be either carried out by punching or pressing the metal sheet. Metal stamping involves different processes.
Technavio’s analysts forecast the global metal stamping market to grow at a CAGR of 4.92% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global metal stamping market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Metal Stamping Market 2017-2021
Technavio recognizes the following companies as the key players in the global metal stamping market: Alcoa, American Axle & Manufacturing, Magna, and thyssenkrupp.
Other Prominent Vendors in the market are: American Industrial Company, AACOA, ArtiFlex Manufacturing, ARO Metal Stamping, Acro Metal Stamping, Clow Stamping Company, Caparo, D&H Industries, Dongguan Fortuna Metals, Goshen Stamping, Harvey Vogel Manufacturing, Interplex Holdings, Kenmode Precision Metal Stamping, Klesk Metal Stamping, Lindy Manufacturing, Martinrea International, MAXION Wheels, Manor Tool & Manufacturing, Shiloh Industries, The Armor, Tempco Manufacturing Company, and Wisconsin Metal Parts.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is metal additive manufacturing (3D printing). Additive manufacturing is a process that is used to create a 3D object from a digital file. The process is called additive because it generally involves building up thin layers of material, one by one. The technology can produce complex shapes that may not be possible with traditional casting and machining methods, or subtractive techniques.”
According to the report, one driver in market is growing aerospace and aviation industry. The aerospace and aviation industry is one of the key end-users of metal forming machine tools. Sheet metal forming and metal stampings find high application in manufacturing of airplane parts such as thrust fittings; landing gear such as bleed air duct systems; engine components such as fan blades, compressor blades, disks, and rings; and nacelles such as skins, attachments, attachment rings, and forward bulkheads. Therefore, the developments in the aerospace and aviation industry have a significant impact on the global metal stampings market.
Further, the report states that one challenges in market is lack of skilled labor in manufacturing sector. The industrial sector is in the process of reviving its manufacturing units to cater to the growing demand in the sector. Most factory floor machines are being revamped with advanced CNC machines to meet the requirements of higher efficiency, better quality machined products, and customer satisfaction within the stipulated time. Although factory floors are upgrading rapidly, there is a dearth of skilled machinists in the workforce. There is an enormous gap between the demand and the availability of people who have these skills. The lack of skilled labor in the manufacturing sector results in rising overtimes and downtimes, which add nearly 5%-10% to the average labor costs. The lack of qualified labor also results in increased production cycle times and sometimes leads to inferior quality products.
Alcoa, American Axle & Manufacturing, Magna, thyssenkrupp, American Industrial Company, AACOA, ArtiFlex Manufacturing, ARO Metal Stamping, Acro Metal Stamping, Clow Stamping Company, Caparo, D&H Industries, Dongguan Fortuna Metals, Goshen Stamping, Harvey Vogel Manufacturing, Interplex Holdings, Kenmode Precision Metal Stamping, Klesk Metal Stamping, Lindy Manufacturing, Martinrea International, MAXION Wheels, Manor Tool & Manufacturing, Shiloh Industries, The Armor, Tempco Manufacturing Company, and Wisconsin Metal Parts.