Metal Stamping Market Share and Forecast 2022-2027
Metal Stamping Market Outlook
Metal stamping refers to a cold-forming process that utilizes dies and stamping presses to transform flat metal sheets into specific spaces. It involves various metal forming techniques, such as punching, blanking, bending and piercing. Metal stamping is widely used to manufacture simple metal lamps, lighting parts, metal frames, antennas and camera lenses.
The global metal stamping market size reached US$ 198.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 250 Billion by 2027, exhibiting at a growth rate (CAGR) of 3.5% during 2022-2027.
As compared to other stamping processes, metal stamping is more cost-effective, involves a higher level of automation and offers an enhanced production rate. Consequently, metal stamping finds extensive application across various industries, such as automotive, aerospace, healthcare, defense, and telecommunications.
Metal Stamping Market Trends:
The global metal stamping market is primarily being driven by the significant growth in the automotive industry and the increasing demand for electric and hybrid vehicles (EVs/HVs). Metal stamping is widely used to convert metal sheets into the interior and exterior parts of automobiles, including appliance and auto-body panels.
Moreover, various technological advancements, such as the development of computer-aided design (CAD) processes that provide highly precise and accurate shaping of metals, are providing a considerable boost to the market growth. Furthermore, increasing utilizing of metal stamping in the manufacturing of consumer electronics, such as headphones, speakers and mobile phones, is anticipated to drive the market toward growth.
Competitive Landscape with Key Players:
The competitive landscape of the market has been analyzed, with some of the leading players.
- 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.
- Tempco Manufacturing Company Inc.
Key Market Segmentation:
The report has categorized the market based on the material, press type, process and application.
Breakup by Material:
Based on Press Type:
- Mechanical Press
- Hydraulic Press
- Servo Press
Breakup by Process:
- Deep Drawing
Breakup by Application:
- Industrial Machinery
- Consumer Electronics
- Electrical and Electronics
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Related Reports by IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
30 N Gould St Ste R
Sheridan, WY 82801 USA
Tel No:(D) +91 120 433 0800
Americas: – +1 631 791 1145 | Africa and Europe: – +44-702-409-7331 | Asia: +91-120-433-0800