Metal Stamping Market worth $257.1 billion by 2028 | Key players Arconic Corporation, CIE Automotive S.A., Wiegel Tool Works, Inc., Boker's, Inc., Kenmode, Inc.

According to recent market research the "Metal Stamping Market by Process (Embossing, Blanking, Bending, Coining, Flanging), Material Thickness (≤0.4mm, >0.4mm), Press Type (Hydraulic Press, Mechanical Press, Servo Press), Material, End-Use Industry, Region - Trends and Forecast to 2028", is approximated to be USD 213.8 billion in 2023, and it is projected to reach USD 257.1 billion by 2028, at a CAGR of 3.7%. Growth in the automotive and construction industries, advancements in manufacturing technology, a focus on lightweight materials, and increase in product customization, all have an impact on the metal stamping market. These factors are expected to boost demand for metal stamping products while also encouraging the development of more advanced and efficient metal stamping processes.

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Blanking process is the largest and fastest-growing segment of the market globally, followed by embossing process. Blanking is widely used in the metal stamping industry mainly due to its ability to produce precise, uniform shapes for subsequent manufacturing. The blanking process allows manufacturers to produce parts with consistent dimensions and high accuracy. Another advantage is high production (in terms of quantity) at a low cost.

Steel material is preferred for metal stamping because of their high strength and low cost. Stainless steel is popular for metal stamping projects due to its high corrosion resistance, strength, and durability. It resists various environmental conditions and chemicals, making it suitable for marine and chemical tank applications. Additionally, stainless steel has a high tensile strength that can be further improved through cold working or heat-treating. It is also cost-effective in the long term due to its durability and long lifespan.

Materials with thicknesses of ≤0.4 mm are commonly called "thin-gauge materials" in metal stamping. As they are frequently used to create complex and precise parts with high strength-to-weight ratios, thin-gauge materials play a crucial role in metal stamping. High-strength alloys, such as stainless steel or aluminum, are frequently used to produce these materials due to their ability to offer the strength and durability required for the final stamped part. They are usually easier to work with when stamping as they are more elastic and flexible than thicker materials.

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The metal stamping market has been studied in Asia Pacific, North America, South America, Europe, and Middle East & Africa. Asia Pacific leads the overall metal stamping, followed by Europe. Rapid industrialization and the increasing number of end-use industries in the region will fuel the metal stamping market. The market in China is growing rapidly and is projected to witness high growth due to the demand from the medical and automotive industries. Manufacturers of metal stamping products are targeting this country due to the advantages of setting up production facilities, the low cost of production, and the ability to better serve the local emerging markets.

Major players operating in the metal stamping market include Gestamp Automoción, S.A. (Spain), Arconic Corporation (US), American Axle & Manufacturing Holdings, Inc. (US), CIE Automotive S.A. (Spain), Interplex Holdings Pte. Ltd. (Singapore), AAPICO Hitech Public Company Limited (Thailand), Clow Stamping Company (US), Wiegel Tool Works, Inc. (US), Harvey Vogel Manufacturing Co. (US), ACRO Metal Stamping (US), Boker's, Inc. (US), and Kenmode, Inc. (US) are covered in the metal stamping market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the metal stamping market.

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Gestamp Automoción, S.A. (Spain) is one of the leading metal stamping companies across the globe. The company provides body, external, and structural parts for vehicle bodies; suspension arms and axles; and body components, powered systems, and driver controls for mechanisms. The company has 100 production facilities and 13 R&D centers in 24 countries across North America, South America, Europe, Asia, and Africa.

Arconic Corporation (US) is the largest metal stamping company in US. Arconic Corporation manufactures aluminum sheets, plates, extrusions, and architectural products. The company offers products to various industries, such as automotive, aerospace, commercial transportation, industrial, packaging, building, and construction. The company is present in Canada, China, France, Germany, Hungary, the Netherlands, Spain, the UK, and the US.

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