Metal Stamping Market By Process (Blanking, Embossing, Bending, Deep Drawings), Material (Steel, Aluminum, Copper), Application (Automotive, Consumer Electronics, Aviation, Electronic, Telecommunications, Medical, Defense), And Geography – Global Forecast To 2023
Metal Stamping Market by Process (Blanking, Embossing, Bending, Deep Drawings), Material (Steel, Aluminum, Copper), Application (Automotive, Consumer Electronics, Aviation, Electronic, Telecommunications, Medical, Defense), and Geography–Global Forecast to 2023
The global metal stamping market is expected to grow at a CAGR of 3.9% from 2018 to reach USD 289.2 billion by 2023.
Succeeding an extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, opportunities, and challenges. The factors such as rising urbanization and industrialization, growing automotive industry, increasing demand from aerospace and aviation industry, and rise in technological advancements are driving the growth of global metal stamping market. Moreover, rising use of sheet metal across manufacturing industries and rising investments into metal stamping facilities further supports the growth of this market. However, emergence of plastics & composite materials hinders the growth of this market.
Blanking process dominated the global metal stamping market in 2017, mainly due to its ability to produce precise and superior quality metal work pieces in large volumes at low costs. Moreover, its ability to provide excellent dimensional control during mass production and growing number of large manufacturing chains across automotive, aerospace & aviation, and consumer electronics sector further supports the growing demand for metal blanking.
The metal stamping market for automotive application commanded the largest share of global market in 2017 with huge and growing automobile production in developing market, especially China and India; technological advancements in automotive industry; and presence of large number of automotive metal stamping companies.
An in-depth analysis of the geographical scenario of the industry provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) along with the coverage of major countries in each region. Asia Pacific commanded the largest share of the global metal stamping market in 2017, followed by Europe and North America. The large share of this region is mainly attributed to the factors such as shift of manufacturing from North America & Europe to Asia-Pacific region, rising industrialization, significantly growing automotive and aerospace & aviation industry, infrastructural developments, and rising private & government investments in the manufacturing sector.
The major players operating in the global metal stamping market are Magna International Inc., Alcoa Corporation, American Axle & Manufacturing Holdings, Inc., Interplex Holdings Pte. Ltd., Acro Metal Stamping Co., Tempco Manufacturing Company Inc., D&H Industries, Inc., American Industrial Company, Manor Tool & Manufacturing Company, Kenmode Precision Metal Stamping, Klesk Metal Stamping Co., Aro Metal Stamping Company, Inc., Goshen Stamping, LLC., Sertec Group Ltd., KOBAKIN (J) CO.,LTD., Harvey Vogel Manufacturing Co., Dongguan Shiyunjia Hardware Co., and Clow Stamping Company among many others.
Scope of the Report:
Market by Process
Market by Material
Market by Application
Aerospace and Aviation
Electricals and Other Electronics
Market by Geography
Rest of Europe (RoE)
Rest of APAC (RoAPAC)
Rest of World
Middle East and Africa