Overview and Scope
Metal stamping is used in motor vehicles for producing components with consistent dimensions and shapes that adhere to stringent specifications and tolerances.
Sizing and Forecast
The stamped metal market size has grown strongly in recent years. It will grow from $464.27 billion in 2023 to $498.39 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to industrialization and manufacturing growth, automotive industry expansion, advancements in stamping technology, world wars and defense needs, urbanization and construction.
The stamped metal market size is expected to see strong growth in the next few years. It will grow to $644.83 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to sustainability and eco-friendliness, electric vehicle (ev) revolution, 5g and electronics, renewable energy infrastructure, aerospace innovation. Major trends in the forecast period include customization and design flexibility, advanced materials and alloys, automation and robotics, digitalization and industry 4.0, reshoring and supply chain resilience.
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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
An increase in demand for metal components in the aviation industry is projected to drive the stamped metal market. Aerospace manufacturers use stamped metal to meet the needs of many specifications. This technique allows manufacturers to create high-quality precision components that can comply with strict requirements. For example, Wiegel Tool Works has been a trusted manufacturer of metal stamped components for over 77 years for OEM and tier manufacturers in the aerospace industry.
Key Industry Players
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.
The stamped metal market report table of contents includes:
1. Executive Summary
2. Stamped Metal Market Characteristics
3. Stamped Metal Market Trends And Strategies
4. Stamped Metal Market – Macro Economic Scenario
5. Global Stamped Metal Market Size and Growth
……
31. Global Stamped Metal Market Competitive Benchmarking
32. Global Stamped Metal Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Stamped Metal Market
34. Stamped Metal Market Future Outlook and Potential Analysis
35. Appendix
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