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Metal Stamping Global Market Estimated to Surge at a CAGR of 3.7% to Reach $243.25 Billion By 2028 | Shiloh Industries Inc., Sertec Group Ltd., Thyssenkrupp AG, Mospressare, Hilliard Corporation
Metal Stamping Market
As per the report, the metal stamping market size has grown steadily in recent years. It will grow from $202.43 billion in 2023 to $210.65 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. The metal stamping market size is expected to see steady growth in the next few years. It will grow to $243.25 billion in 2028 at a compound annual growth rate (CAGR) of 3.7%.
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Automotive Industry Expansion Drives Growth In The Metal Stamping Market
The growing demand for the automotive industry is expected to boost the growth of the metal stamping market. The automotive sector is one of the most important economic drivers, with a high level of involvement in global value chains. This sector's expansion has been fueled by significant government support, which has allowed it to create a distinct route among manufacturing industries. This expansion increases the production of related automotive components, metal stamping equipment, and tools used in automotive manufacturing. For instance, in May 2023, according to a report published by the European Automobile Manufacturers' Association (ACEA), in 2022, 85.4 million motor vehicles were produced worldwide, a 5.7% increase over 2021. Moreover, according to the International Organization of Motor Vehicle Manufacturers, a 36-national trade association, the total production of cars and commercial vehicles in 2021 was 80,145,988, which increased to 85,016,728 in 2022. Therefore, the increasing demand for the automotive industry is expected to boost the metal stamping market during the forecast period.
Innovative Technological Advancements Revolutionizing Metal Stamping Industry
New technology development is used in the metal stamping industry providing comparable or even superior products and technologies compared to older versions. The rise of new technologies will result in the development of new product alternatives, and new surveillance procedures with high a success rate for products. For example, in September 2022, Desktop Metal, Inc., a US-based provider of additive manufacturing technologies for mass production, announced the launch of Figur G15, the first commercial platform to shape standard sheet metal on demand directly from a digital design file using all-new, patent-pending Digital Sheet Forming (DSF) technology, no stamping tools, molds, dies, or presses required.
The metal stamping market covered in this report is segmented -
1) By Press Type: Mechanical Press, Hydraulic Press, Servo Press, Other Press
2) By Process: Blanking, Embossing, Bending, Coining, Deep Drawing, Flanging, Other Processes
3) By Material: Steel, Aluminum, Copper, Other Materials
4) By Application: Automotive, Industrial Machinery, Consumer Electronics, Aerospace And Aviation, Electrical And Other Electronics, Telecommunications, Medical Industry, Defense, Other Applications
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Major companies operating in the metal stamping market report are Gestamp Automoción, S.A, Shiloh Industries Inc, Clow Stamping Company Inc., Kenmode Precision Metal Stamping, D&H Industries, Inc., Sertec Group Ltd, Acro Metal Stamping, Interplex Holdings Pte. Ltd., Goshen Stamping Company, Harvey Vogel Manufacturing Co., Manor Tool & Manufacturing Company, Klesk Metal Stamping Co, AAPICO Hitech Public Company Limited, Thyssenkrupp AG, Mospressare, Lada-Press, Largo, Electromash, Zavod Met Alloform, Tempco Manufacturing Company Inc., S-MEX S.A. de CV, Aperam, ArcelorMittal, Gerdau, Sinobras, Ternium, BÜCHI Labortechnik AG, DILO Armaturen und Anlagen, Hilliard Corporation, National Aluminum Products Company, Mih Building Material, Alico Industries Company Limited, Urbanstudio, Amajed Industries, Arabian International Company Aic Steel, Qatar Steel, Smiths Manufacturing (Pty) Ltd, Novelli Pumps, Mahle Behr South Africa, Feltex Fehrer
Contents of the report:
1. Executive Summary
2. Metal Stamping Market Report Structure
3. Metal Stamping Market Trends And Strategies
4. Metal Stamping Market - Macro Economic Scenario
5. Metal Stamping Market Size And Growth
…..
27. Metal Stamping Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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