NEW YORK, April 2, 2024 /PRNewswire/ — The global metal stamping market size is estimated to grow by USD 40.18 bn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.87% during the forecast period. The ornamental plant market experiences significant growth due to high profits from selling outdoor plants, particularly conifers like pine, cedar, and blue spruce. These plants yield gross profits of USD530, USD730, and USD920, respectively, with profit margins reaching 55%, 65%, and 72%. Other plants, such as chestnut, plum, and maple, also boast substantial profits. Meanwhile, the metal stamping market involves various industries like automotive, construction, and agricultural, utilizing processes like bending, coining, and thickness reduction. Key players include Ansys, gears, bearings, housings, brackets, and high-strength steel or aluminum. Technological advancements and automation drive market growth.
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Metal Stamping Market Scope |
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Report Coverage |
Details |
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Base year |
2023 |
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Historic period |
2018 – 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.87% |
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Market growth 2024-2028 |
USD 40.18 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
4.11 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 37% |
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Key countries |
US, China, Japan, South Korea, and Germany |
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Key companies profiled |
AAPICO Hitech Public Co. Ltd., American Axle and Manufacturing Holdings Inc., American Industrial Co., Caparo, CIE Automotive SA, Clow Stamping Co., D and H Industries Inc., GESTAMP AUTOMOCION SA, Goshen Stamping Co., Harvey Vogel Manufacturing Co., Kenmode Inc., Klesk Metal Stamping Co., KOBAKIN J Co. Ltd., Magna International Inc., Manor Tool and Manufacturing Co., Metrican, Nelson Miller, Tempco Manufacturing Co. Inc., thyssenkrupp AG, and Wiegel Tool Works Inc. |
Segment Overview
This metal stamping market report extensively covers market segmentation by End-user (Automotive, Industrial machinery, Consumer electronics, Aerospace and defense, Others) Material (Steel, Aluminum, Copper, Others) Geography (APAC, Europe, North America, South America, Middle East and Africa)
Market segmentation by End-user
The Metal Stamping Market encompasses various industries, with the automotive sector being the largest consumer. Copper, steel, and other metals are used in stamped parts for automotive applications, including bus bars, terminals, and brackets. In the medical sector, metal stamping is essential for producing components of medical devices, implantable devices, surgical tools, and diagnostic equipment. Standardization is crucial in this industry, with the blanking process used to create parts from sheet metal of varying material thicknesses and press types, such as mechanical presses. End-users include General Motors in the automotive industry, the consumer electronics industry producing metal frames for mobile phones, headphones, speakers, gamepads, and controllers, and the aerospace industry requiring lightweight materials like aluminum and titanium for chassis and camera lens holders. The GSM Association and regulatory bodies oversee industry standards. During lockdown measures, the demand for metal stamping in the consumer electronics industry surged, while the automotive sector saw a decline due to EV sales and regulatory scrutiny. Plant expansions and machinery upgrades continue, driven by the need for weight reduction and fuel efficiency in automobiles, as well as the use of high-grade plastic and carbon fiber. Regulatory scrutiny and building codes also impact the market.
Geography Overview
The Metal Stamping Market in APAC is experiencing significant growth, driven by the end user concentration in the Automotive & Transportation segment. This sector includes Passenger Vehicles, Heavy Trucks, Buses, Coaches, and Aircraft parts. In the Automotive industry, MG Motor India’s USD329.42 million investment in its Halol plant in Gujarat, India, underscores the expanding production capacity for aluminum hoods and other components using Blanking, Embossing, Bending, Coining, and Mechanical press processes. The Industrial Machinery segment, Agricultural industry, Telecommunications industry, Defense industry, and other sectors also contribute to the market’s growth. Technological advancements, such as Ansys simulations for EV components, Automation, and the use of Steel, Stainless Steel, and High-strength Steel in manufacturing plants, further boost the Steel Stamping Market. Key products include Gears, Bearings, Housings, and Brackets for various industries like Construction, Medical, Electricals & electronics, and Industrial machinery.
Insights on the market contribution of various segments including country and region wise, historic (2018 – 2022) and forecast market size– Download a Sample Report
- The global floriculture market experiences growing demand for premium products, including calla lilies and tulips. Retailers differentiate by pricing in sectors like automotive, transportation, industrial machinery, agriculture, telecommunications, defense, and construction industries. Keywords: Metal stamping market, steel, aluminum, technological advancements, automation, gears, bearings, housings, brackets. Premium offerings in metal forming techniques: anning, embossing, bending, coining, servo press, thickness processes. Applications in agricultural equipment, manufacturing plants, EVs, and various industries.
- The metal stamping market caters to various industries, including floriculture, where artificial lighting and temperature control are essential for ornamental plant growth. Other sectors include medical devices, automotive, consumer electronics, and aerospace. Materials like steel, plastic, and carbon fiber are used, with considerations for standardization, thickness, and press type. Market drivers include downstream demand, weight reduction, and regulatory compliance. Key players include General Motors, GSM Association, and automobile manufacturers.
Insights on Market Drivers, trends, & Challenges, historic period(2018 – 2022) and forecast period(2024-2028)- Request a sample report!
Research Analysis
The Metal Stamping Market encompasses various industries, including Construction, Medical, Automotive, Electricals & electronics, Industrial machinery, and Defense. This market involves the production of components such as Gears, Bearings, Housings, Brackets, and Metal frames, primarily using Stainless steel and Aluminum. Key processes include Bending, Coining, and Embossing, which are executed through Mechanical presses and Servo presses. Components produced through Metal Stamping are integral to numerous applications. For instance, in the Automotive industry, they are used in Chassis, Camera lens holders, and Antennas. In the Electronics sector, they are essential for Mobile phones, Headphones, Speakers, Gamepads & controllers, and Antennas. The Blanking and Embossing segments are crucial in the Gears, Bearings, and Housings manufacturing process. The GSM Association plays a significant role in standardizing communication technologies, which in turn, influences the demand for Metal Stamping components in the Telecommunications industry. The Defense industry also relies heavily on Metal Stamping for manufacturing Aluminum hoods and other critical components. The Metal Stamping Market’s thickness range varies, catering to diverse industry requirements.
Market Research Overview
The Metal Stamping Market involves the production of metal parts through the use of dies and stamping presses. Industries such as automotive, aerospace, and consumer goods rely heavily on this process for manufacturing components. In 2020, the global market size was valued at USD125.3 billion and is projected to grow at a CAGR of 4.5% from 2021 to 2028. The key drivers for this growth include increasing demand from end-use industries, advancements in technology, and the rising trend of lightweight materials. The market is segmented by product type, application, and region. Copper, aluminum, and steel are the most commonly used materials in metal stamping. The process involves various techniques such as progressive die stamping, transfer die stamping, and blanking. The market is competitive with key players including ThyssenKrupp, Schuler Group, and OEM Industries. The future of the metal stamping market looks promising with the increasing adoption of Industry 4.0 and the integration of smart technologies.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
- Automotive
- Industrial Machinery
- Consumer Electronics
- Aerospace And Defense
- Others
- Material
- Steel
- Aluminum
- Copper
- Others
- Geography
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
