Metal Stamping Industry Reshaped by Electric Vehicle Surge, Technological Advancements, and Growing Role in Precision Medical Device Manufacturing, the Market to Reach USD 63.16 Billion by 2028 - Arizton

Arizton publishes the latest focus insights report on the U.S. Metal Stamping Market - Focused Insights 2023-2028. The market is growing at a CAGR of 4.39% during 2022-2028.

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The growing prominence on sustainable transportation has increased demand for metal-stamped components used in electric vehicles (EVs). As EV production continues to rise, metal stamping manufacturers are adapting to supply specialized components for this evolving market. Furthermore, the metal stamping industry faces challenges related to increasing material costs, labor availability, and adapting to rapidly changing technological advancements. However, the industry also has opportunities for expansion through innovation and exploring new applications.

With advancements in automation and robotics and new materials and techniques, metal stamping has been established to become faster, more effective, and more precise than ever before. By executing the latest technologies and techniques, manufacturers are expected to produce more enhanced products with lower costs and reduced production time. Furthermore, incorporating artificial intelligence (AI) and machine learning (ML) will transform the metal stamping industry.

The rise in 3D printing technology is also anticipated to drive changes in the metal stamping industry. 3D printing is the method of producing three-dimensional substances from a digital file. It can generate intricate shapes and parts that are difficult to manufacture using traditional metal stamping methods. Furthermore, the capability to 3D print metal parts is set to transform the industry, allowing manufacturers to produce tailored parts that are lighter, stronger, and more durable than ever before.

Moreover, the US is the largest consumer of medical devices in the world. According to the World Health Organization (WHO), a medical device could be any apparatus, machine, instrument, implant, appliance, reagent for in vitro use, software, material, or other similar or related article intended by the manufacturer to be used alone or in combination for a medical purpose. The employment of metal stamping in the medical sector is rising rapidly due to the need to produce precise and high-quality metal parts for medical devices. Furthermore, the increasing demand for minimally invasive surgeries, the rising geriatric population, the increasing prevalence of chronic diseases, and the growing demand for medical implants drive the growth of metal stamping products in the medical industry.

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Vendors

Magna International

Clow Stamping Company

ACRO Metal Stamping

Harvey Vogel Manufacturing

Kenmode

Boker's

Wiegel Tool Works

Gestamp

Interplex Holdings

American Industrial Company

CIE Automotive

D&H Industries

Goshen Stamping Company

Tempco Manufacturing Company

Manor Tool & Manufacturing

Ultra Tool

Wisconsin Metal Parts

Klesk Metal Stamping

Thomson Lamination Company

Xometry

The Following Market Segment Analysis is Included in this Report

Segmentation & Forecast

Process Type (Revenue)

Blanking

Embossing

Bending

Coining

Flanging

Others

Press Type (Revenue)

Hydraulic Press

Mechanical Press

Mechanical Servo Press

Others

Material Type (Revenue)

Steel

Aluminum

Copper

Others

End-User (Revenue)

Automotive

Industrial Machinery

Electricals & Electronics

Medical

Aerospace

Telecommunication

Construction

Others

Market Structure
Market Dynamics
Competitive Landscape of the U.S. Metal Stamping Market
Key Vendors
Other Prominent Vendors

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This release was published on openPR.