Press release
Metal Stamping Market expected to Witness a Sustainable Growth over 2024 - 2031 | Acro Metal Stamping, Manor Tool & Manufacturing Company
Market Overview:The metal stamping market is estimated to be valued at USD 222.14 Bn in 2024 and is expected to reach USD 290.36 Bn by 2031, growing at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.
Market Dynamics:
The global metal stamping market is witnessing significant growth owing to increasing automotive production across the globe. Growing demand for automobiles is a major factor driving the growth of the automotive industry. According to OICA, global vehicle production reached around 92 million units in 2021, registering a growth of 4% from 2020. This rising automotive demand is propelling the need for stamped metal components such as body panels, transmission components, suspension parts, and more. Further, growing adoption of lightweight materials like aluminum across industries including automotive and aerospace is augmenting the demand for tailored metal stamping. Aluminum provides weight savings of 40-60% in comparison to traditional steel which helps improve fuel efficiency.
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Metal Stamping Market Drivers: Growing Demand from Automotive Industry
The automotive industry is one of the largest end-users of metal stamping. Metal stamping finds widespread applications in the production of automotive components such as frames, engine parts, drive train components, closures, and others. The growing automotive production across the world is driving the demand for metal stamping. According to industry experts, automotive manufacturing is expected to grow at over 3% annually through 2027. This steady growth in automotive production will fuel the demand for metal stamping from OEMs and component manufacturers. Metal stamping allows for high-speed, high-volume production of automotive parts with close dimensional tolerances. The demand for lightweight vehicles to improve fuel efficiency is also driving the use of advanced metal stamping techniques to produce complex 3D parts from thinner gauges of metal sheets.
Metal Stamping Market Opportunity: Growing Electric Vehicle Market
The blooming electric vehicle (EV) market presents significant opportunities for metal stamping companies. EVs utilize numerous metal stampings for components such as battery enclosure, electric motor housings, inverters, on-board chargers, and gearbox casings. Compared to internal combustion engine vehicles, EVs contain more stampings for these critical parts. As EV production capacity and sales scale up dramatically in response to tighter emission regulations and falling battery prices, metal stamping will play a pivotal supporting role. Researchers estimate EVs to account for over 20% of new vehicle sales in North America and Europe by 2030. This growing EV market share will drive the production of millions more units that rely extensively on precision metal stampings. EV manufacturers are actively collaborating with metal stampers to develop complex stamping solutions optimized for their product designs, manufacturing processes, and sustainability objectives. The innovative stampings developed for EVs can then be commercialized more widely. Thus, green mobility is opening a huge untapped market for metal stamping companies worldwide.
Metal Stamping Market Trend: Adoption of Progressive Stamping Tools
Progressive stamping tools that facilitate multiple forming stages in a single press stroke are gaining popularity in the metal stamping industry. Compared to conventional transfer or draw dies, progressive stamping enables faster production rates and reduced unit costs for complex parts. The growing preference for smaller batch sizes and flexible manufacturing is driving metal stampers to embrace progressive stamping solutions. Emerging progressive stamping variants such as hydroforming, incremental forming, and multipoint forming are enabling the production of parts with intricate 3D
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Top Companies Featured in This Report:
★ Acro Metal Stamping
★ Manor Tool & Manufacturing Company
★ D&H Industries Inc.
★ Kenmode Inc.
★ Klesk Metal Stamping Co
★ Clow Stamping Company
★ Goshen Stamping Company
★ Tempco Manufacturing Company
★ Inc
★ Interplex Holdings Pte. Ltd.
★ CAPARO
★ Nissan Motor Co.
★ Ltd
★ AAPICO Hitech Public Company Limited
★ Gestamp
★ Ford Motor Company
★ Arconic Corporation
★ American Axle & Manufacturing Holdings
★ Inc
★ CIE Automotive S.A.
★ AAPICO Hitech Public Company Limited
★ Wiegel Tool Works Inc.
★ Boker's Inc.
Market Segmentation:
By Product Type:
★ By Process: Blanking, Embossing, Bending, Coining, and Others (Flanging, etc.)
★ By Press Type: Mechanical Press, Hydraulic Press, and Others (Servo Press, etc.)
★ By Thickness Outlook: Less than & up to 2.5 mm, and More than 2.5 mm
By Applications:
★ By Application: Automotive, Industrial Machinery, Consumer electronics, Aerospace, Electrical & Electronics, Building & Construction, and Others (Telecommunications, etc.)
Key Regions/Countries are Classified as Follows:
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
South America (Brazil, Argentina, Rest of SA)
Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Reasons to Obtain Our Comprehensive Market Report:
• Conduct an extensive analysis of various aspects of the Metal Stamping Market utilizing Porter's Five Forces framework.
• Gain insights into the growth rate and market shares of different product types and applications/end-users within the Metal Stamping Market.
• Explore the Metal Stamping Market dynamics across different regions through comprehensive regional analysis.
• Assess the impact of Covid-19 on the Metal Stamping Market with a meticulous research approach.
• Stay updated on the latest developments, market shares, and strategies of key market players within the Metal Stamping Market.
• Delve into a thorough evaluation of the market strategies, geographical presence, and business segments of the top players in the Metal Stamping Market.
• Anticipate key challenges, product advancements, and solutions that may influence the market's progression and threats.
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Key Questions Answered:
• What was the size of the Metal Stamping Market in 2021, and what will it be worth by 2030?
• What is the current global scenario for the Metal Stamping Market?
• What are the optimal business strategies for maximizing growth potential?
• What are the recent trends in the Metal Stamping Market?
• What is the market share in terms of revenue, sales, and size in specific geographical regions?
• Who are the key industry players in the Metal Stamping Market?
• Which segments of the Metal Stamping Market are in high demand?
Author Bio:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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