Metal Stamping Market

Metal Stamping Market worth $257.1 billion by 2028

The report "Metal Stamping Market by Process (Embossing, Blanking, Bending, Coining, Flanging), Material Thickness (≤0.4mm, >0.4mm), Press Type (Hydraulic Press, Mechanical Press, Servo Press), Material, End-Use Industry, Region - Trends and Forecast to 2028", is approximated to be USD 213.8 billion in 2023, and it is projected to reach USD 257.1 billion by 2028, at a CAGR of 3.7%. Growth in the automotive and construction industries, advancements in manufacturing technology, a focus on lightweight materials, and increase in product customization, all have an impact on the metal stamping market. These factors are expected to boost demand for metal stamping products while also encouraging the development of more advanced and efficient metal stamping processes.

Browse 145 market data Tables and 47 Figures spread through 210 Pages and in-depth TOC on "Metal Stamping Market by Process (Embossing, Blanking, Bending, Coining, Flanging), Material Thickness (≤0.4mm, >0.4mm), Press Type (Hydraulic Press, Mechanical Press, Servo Press), Material, End-Use Industry, Region - Trends and Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/metal-stamping-market-43712960.html

By process, Blanking accounted for the largest share in 2022.

Blanking process is the largest and fastest-growing segment of the market globally, followed by embossing process. Blanking is widely used in the metal stamping industry mainly due to its ability to produce precise, uniform shapes for subsequent manufacturing. The blanking process allows manufacturers to produce parts with consistent dimensions and high accuracy. Another advantage is high production (in terms of quantity) at a low cost.

By material, Steel accounted for the largest share in 2022.

Steel material is preferred for metal stamping because of their high strength and low cost. Stainless steel is popular for metal stamping projects due to its high corrosion resistance, strength, and durability. It offers resistance to various environmental conditions and chemicals, making it suitable for marine and chemical tank applications. Additionally, stainless steel has a high tensile strength that can be further improved through cold working or heat-treating. It is also cost-effective in the long term due to its durability and long lifespan.

By material thickness, ≤0.4 mm material thickness to be the fastest growing during the forecast period.

Materials with thicknesses of ≤0.4 mm are commonly called “thin-gauge materials” in metal stamping. As they are frequently used to create complex and precise parts with high strength-to-weight ratios, thin-gauge materials play a crucial role in metal stamping. High-strength alloys, such as stainless steel or aluminum, are frequently used to produce these materials due to their ability to offer the strength and durability required for the final stamped part. They are usually easier to work with when stamping as they are more elastic and flexible than thicker materials.

By press type, mechanical press accounted for the largest share in 2022.

Mechanical presses can achieve the highest possible production rates in the market due to their use of flywheels, which store kinetic energy for transfer. The larger the flywheel, the more power it generates. These presses ensure fast and repeatable results with a simple setup and operation. Mechanical presses are less prone to leakage as they do not require hydraulic fluid. However, they are limited in their application due to the lack of variable stroke lengths.

By end-use industry, automotive accounted for the largest share in 2022.

The automotive is the largest end-use industry for the metal stamping market. Automakers can design complex and highly accurate stamping dies using CAD and CAM technologies, which has increased the precision and effectiveness of the stamping process. Metal stamping enables the manufacturing of custom components that fulfill specific design requirements, increasing manufacturing flexibility and versatility. Ultimately, metal stamping significantly impacts the automotive industry since it allows producers to create high-quality components rapidly and cost-effectively, thereby improving the overall efficiency, safety, and safety performance of vehicles.

By region, Asia Pacific accounted for the largest share in 2022.

The metal stamping market has been studied in Asia Pacific, North America, South America, Europe, and Middle East & Africa. Asia Pacific leads the overall metal stamping, followed by Europe. Rapid industrialization and the increasing number of end-use industries in the region will fuel the metal stamping market. The market in China is growing rapidly and is projected to witness high growth due to the demand from the medical and automotive industries. Manufacturers of metal stamping products are targeting this country due to the advantages of setting up production facilities, the low cost of production, and the ability to better serve the local emerging markets.

Major players operating in the metal stamping market include Gestamp Automoción, S.A. (Spain), Arconic Corporation (US), American Axle & Manufacturing Holdings, Inc. (US), CIE Automotive S.A. (Spain), Interplex Holdings Pte. Ltd. (Singapore), AAPICO Hitech Public Company Limited (Thailand), Clow Stamping Company (US), Wiegel Tool Works, Inc. (US), Harvey Vogel Manufacturing Co. (US), ACRO Metal Stamping (US), Boker’s, Inc. (US), and Kenmode, Inc. (US) are covered in the metal stamping market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the metal stamping market.

Don’t miss out on business opportunities in Metal Stamping Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Metal Stamping Market Size,  Share & Growth Report
Report Code
CH 8636
PR Published ON
5/8/2023
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Metal Stamping Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
...

Digital Virtual Assistant - MarketsandMarkets

Home