Metal Stamping Market (2018-2023) - Large and Growing Automotive Industry Fuels the Growth of Global Metal Stamping Market

Metal Stamping has provided solutions to countless generations of industries due to its nature of being cost-effective and its mass-production capabilities. Owing to several innovative technological developments, this industry has seen steady growth. Advancements in robotics, automation, and numerical controls have all helped improve stamping precision and speed, thus driving the growth of the metal stamping industry.

Meticulous Research® – leading global market research company published a research report titled “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”.

Browse key industry insights spread across 167 pages with 89 market data tables & 54 figures & charts from the report: https://www.meticulousresearch.com/product/metal-stamping-market/

According to this latest publication from Meticulous Research®, the global metal stamping market is expected to grow at a CAGR of 3.9% from 2018 to 2023 to reach USD 289.2 billion. The growth of this market will be driven by factors such as rising urbanization and industrialization, the growing automotive industry, increasing demand from the aerospace and aviation industry, and a rise in technological advancements. Moreover, the rising use of sheet metal across manufacturing industries and growing investments into metal stamping facilities further supports the growth of this market.

On the basis of process, blanking market commanded the largest share of global metal stamping market in 2017. However, metal bending market is expected to grow at the fastest CAGR during the forecast period, owing to rising adoption of bending process across many industry verticals for improving the quality, durability, and stability of manufactured parts. Moreover, deep drawing stamping market is also expected to witness significant growth through 2023, as the adoption of deep drawing process for the production of complex parts across various industries is increasing with rising complexity in the product design, technological advancements, and product innovations.

On the basis of application, 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, such as Kenmode Precision Metal Stamping, American Axle & Manufacturing Holdings, Inc., and Aro Metal Stamping Company, Inc., among others. However, the use of metal stamping for aerospace and aviation industry is expected to witness a significant growth, mainly due to growing focus on safety; need to meet strict quality standards; and utilization of lightweight and versatile components to keep fuel costs and aircraft weight down.

On the basis of material, steel stamping market dominated global market in 2017 owing to steel’s easy and high availability, high strength, and low cost; however, aluminum stamping market is expected to witness a rapid growth during the forecast period. The growth of this market is mainly attributed to its rising demand from the automotive and aerospace industry to keep fuel costs and weight down. The aluminum is comparatively soft alloy than the stainless steel; is non-magnetic; and has good thermal and electrical conductivity. It is also more elastic and malleable than steel and has better corrosion resistance property than steel stampings. Therefore, it is an effective alternative to steel metal, thereby witnessing a growing demand from automotive, commercial food equipment, railway, aerospace, electronics, and electrical industries.

TOP 10 COMPANIES IN METAL STAMPING MARKET @ https://meticulousblog.org/top-10-companies-in-metal-stamping-market/

Scope of the Report:

Metal Stamping Market by Process

Blanking
Embossing
Bending
Coining
Deep Drawing
Flanging
Others

Metal Stamping Market by Material

Steel
Aluminum
Copper
Others

Metal Stamping Market by Application

Automotive
Industrial Machinery
Consumer Electronics
Aerospace and Aviation
Electricals and Other Electronics
Telecommunications
Medical Industry
Defense
Others

Metal Stamping Market by Geography

North AmericaU.S.
Canada
EuropeGermany
Spain
France
U.K.
Italy
Rest of Europe (RoE)
Asia-Pacific (APAC)China
Japan
India
Rest of APAC (RoAPAC)
Rest of WorldLatin America
Middle East and Africa

Speak to our expert analyst @ https://www.meticulousresearch.com/speak-to-analyst/cp_id=4315

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.

Key questions answered in the report-

Which are the high growth market segments in terms of process, material, application, and region/countries?
What was the historical market for metal stamping across the globe?
What are the market forecasts and estimates for the period 2018-2023?
What are the major drivers, restraints, opportunities, and challenges in the global metal stamping market?
Who are the major players in the global metal stamping market?
How is the competitive landscape and who are the market leaders in the global metal stamping market?
What are the recent developments in the global metal stamping market?
What are the different strategies adopted by the major players in the global metal stamping market?
What are the geographical trends and high growth regions/ countries?
Who are the local emerging players in the global metal stamping market and how do they compete with the global players?

Download free sample report and gain crucial industry insights: https://www.meticulousresearch.com/download-sample-report/cp_id=4315

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Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicated market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Meticulous Research produces global reports and custom studies for North America, Europe, Latin America, Asia-Pacific, and the Middle East and Africa regions. These reports are used by our clients for marketing and strategic planning in various sectors.

This release was published on openPR.