Press release
Leading Element Driving Change in the Stamped Metal Market in 2025: Elevated Demand For Stamped Metal In Aerospace Manufacturing To Drive Market Growth Driver
What Is the Estimated Market Size and Growth Rate for the Stamped Metal Market?In recent times, the market size for stamped metal has experienced significant growth. Its value is projected to increase from $500.92 billion in 2024, reaching $538.77 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.6%. The past growth in this market can be linked to factors such as the expansion of the manufacturing sector and industrialization, the growth of the automotive industry, innovations in stamping technology, global conflicts and defense requirements, as well as increasing urbanization and construction activities.
Projected to experience robust expansion in the near future, the stamped metal market is predicted to reach $696.06 billion by 2029 with a CAGR of 6.6%. The growth in the upcoming years can be ascribed to factors like sustainability and eco-friendliness, the burgeoning electric vehicle (EV) industry, developments in 5G and electronics, renewable energy infrastructure, and advances in aerospace technology. Notable trends to watch for during this forecast period encompass customization and design adaptability, the utilisation of advanced materials and alloys, the rise of automation and robotics, the digitalization and industry 4.0, along with a focus on reshoring and strengthening supply chain resilience.
What Are the Forces Behind the Rapid Growth of the Stamped Metal Market?
The projected rise in the stamped metal market is expected to be driven by the growing demand for metal parts in the aerospace industry. Stamped metal is utilized by aerospace manufacturers in order to fulfill various specifications. This method enables the production of quality precision parts that meet stringent criteria. Wiegel Tool Works, for instance, has been a reputable producer of metal-stamped components for more than 77 years, catering to OEM and tier manufacturers in the aviation sector.
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Who Are the Dominant Companies Influencing Stamped Metal Market Trends?
Major companies operating in the stamped metal market include Alcoa Corporation, Manor Tool & Manufacturing Company, Acro Stamped Metal Products Inc., Kenmode Precision Metal Stamping, Clow Stamping Company, Aro Metal Stamping Company Inc., D&H Industries Inc., Lindy Manufacturing Co., American Axle & Manufacturing Holdings Inc., Nelson-Miller Inc., Thyssenkrupp AG, Martinrea International Inc., Wisconsin Metal Parts Inc., Shiloh Industries Inc., Klesk Stamped Metal Inc., CIE Automotive S.A., Magna International Inc., Gestamp Automoción S.A., HTT Inc., Brandauer Holdings Limited, Harvey Vogel Manufacturing Co., Trans-Matic Manufacturing Company Inc., ODM Tool & Manufacturing Co. Inc., Tempco Manufacturing Company Inc., Ramcel Engineering Company, Stamped Products Inc., Acro Metal Stamping Co., Atlas Stamping and Manufacturing Co. Inc., Lake Air Companies
How Is the Stamped Metal Market Evolving?
The rise of automation in the stamped metal sector is a critical trend propelling the stamped metal market's expansion. Utilizing cutting-edge technology like laser cutting, automation facilitates increased production at reduced costs in this industry because of its heightened precision and enhanced speed of output. The application of automated systems or robotics for repetitive tasks reduces the manpower needed in the stamped metal industry since these machines can execute varied processes like bending and cutting. In 2022, it's anticipated that North America will see further advancement in the automation of the stamped metal sector due to the presence of key industry participants such as Kenmode Precision Metal and Wisconsin Metal Parts.
What Are the Different Segmentations in the Stamped Metal Market?
The stamped metal market covered in this report is segmented -
1) By Process: Blanking, Embossing, Bending, Coining, Deep Drawing, Flanging, Other Processed
2) By Material: Steel, Aluminum, Copper, Other Materials
3) By Application: Automotive, Industrial Machinery, Consumer Electronics, Aerospace And Aviation, Electricals and Electronics, Telecommunications, Medical Devices, Defense, Other Applications
Subsegments:
1) By Blanking: Shearing, Perforating
2) By Embossing: Roll-To-Roll Embossing, Sheet Metal Embossing
3) By Bending: Air Bending, Bottom Bending
4) By Coining: Metal Forming Coining, Precision Coining
5) By Deep Drawing: Hydraulic Drawing, Mechanical Drawing
6) By Flanging: Manual Flanging, Mechanical Flanging
7) By Other Processed: Stamping, Die Cutting, Laser Cutting
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Which Region Is at the Forefront of the Stamped Metal Market?
Asia-Pacific was the largest region in the stamped metal market in 2023. Western Europe was the second largest region in the stamped metal market analysis. The regions covered in the stamped metal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Stamped Metal Global Market Report?
- Market Size Analysis: Analyze the Stamped Metal Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Stamped Metal Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Stamped Metal Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Stamped Metal Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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