According to a recent market study published by Growth Market Reports, titled, “Global Metal Stampings Market by type, by application, and by Region: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at US$ 258.0 Billion in 2021 and is anticipated to grow at a growth rate 3.0 % by the year 2030.

Metal stamping is a process that involves the use of a stamping press and a die set to shape a flat piece of metal into a desired shape. The process begins with a flat piece of metal, known as a blank or a coil, which is fed into the stamping press. The press then uses a combination of pressure and force to shape the metal into the desired form, using the die set as a guide. The die set is typically made of steel and is custom-designed for each specific application. The stamping process is used to create a wide range of products, including automobile parts, appliances, and various types of metal components. Some common types of metal stamping include blanking, punching, and forming. Blanking is used to cut out a specific shape from a sheet of metal, while punching is used to create holes in the metal. Forming is used to shape the metal into a desired form. The stamping process is highly efficient and cost-effective, making it a popular choice for manufacturing a wide range of products. It is highly customizable and is used to create complex and intricate designs. However, the process is challenging and requires a high level of precision and skill. Metal stamping is widely used in several industries, including the automotive industry. Metal stamping is commonly used to produce car body parts such as hoods, fenders, and doors. In the aerospace industry, metal stamping is used to produce parts for aircraft and spacecraft, such as wing skins and fuselage panels. In the electronics industry, metal stamping is used to produce a variety of electronic components such as connectors and switches. In the medical industry metal stamping is used to produce parts for medical equipment, such as surgical instruments and implants. In the construction industry, metal stamping is used to produce parts for construction equipment and buildings, such as roofing and others.

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The outbreak of coronavirus disease in 2019 (COVID-19) restrained the global economy, created global interdependence, and challenged the governments of various nations. The pandemic raised concerns among economies and businesses by shifting focus to the online supply of consumer electronic gadgets, thereby creating manufacturing issues. The COVID-19 outbreak affected almost every industry. The long-term effects of the pandemic are expected to affect the growth of various industries during the forecast period, especially in, the US, and across Eastern Europe, European Union, and Eastern & Central Asia.

Key Takeaways from the Study:

  • Key players operating in the market Interplex Holdings Pte. Ltd, Xometry, Deringer-Ney Inc, Harvey Vogel Manufacturing, Caparo Engineering India Ltd, Matenaer Corporation, Clow Stamping Company, Evans Tool & Die Inc, Manor Tool & Manufacturing Comp, and Tempco Manufacturing Company. These companies are considered key manufacturers of metal stamping based on their revenue, research development (R&D) activities, Gauge Type offerings, regional presence, and supply chain management system.
  • Based on type, the metal stamping market is segmented into progressive die metal stampings, deep-drawn metal stampings, and multi-slide metal stampings. The progressive die metal stampings segment held XX% share of the market in 2021 and is projected to expand at a CAGR of XX% during the forecast period, owing to several advantages such as reduced setup time. Progressive die metal stamping reduces the setup time by XX% over other methods. This allows manufacturers to manufacture parts quickly and flexibly. Mechanical design and pilot involvement facilitate high-precision repeatability, which is projected to propel the market. The deep-drawn metal stampings segment is projected to expand at a CAGR of XX% during the forecast period. Deep-drawn metal stampings provide seamless results to the end product.
  • Based on application, the global metal stampings market is segregated into automotive, aerospace, machinery, consumer appliances, and others. The automotive segment held XX% share of the market in 2021 and is projected to expand at a CAGR of XX% during the forecast period. The automotive industry, including passenger cars, light commercial vehicles (LCVs), heavy trucks, and buses & coaches, uses metal stamping to manufacture body panels and maintain safety standards. According to the International Organization of Motor Vehicle Manufacturers, the global production of light commercial vehicles and heavy trucks in 2020 reached XX Billion and XX Billion units, respectively. Mass production is expected to boost the application of metal stampings in the automotive sector in the coming years. The aerospace segment is projected to expand at a CAGR of XX% during the forecast period. In the aerospace industry, metal stamping is used for creating aircraft parts such as ducts and frames, resulting in ultralight aircraft with low fuel consumption.
  • Based on regions, the global metal stampings market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific held a significant market share of XX% and the market in Asia Pacific is projected to expand at a CAGR of XX% during the forecast period. The high growth of the market in Asia Pacific is attributed to the high production of automobiles in this region, with China being the largest individual producer, followed by Japan and India in the region. Automotive manufacturers use metal stamping to produce a wide variety of metal parts while reducing material waste and costs. North America held a market share of XX% and the market in North America is projected to expand at a CAGR of XX% during the forecast period. Key sectors in the region, such as manufacturing, construction, and healthcare, heavily rely on metal stamping for critical parts and components. Thus, demand for metal stampings is anticipated to grow in these key sectors in North America in the forecast period.

Report Scope:

Report Metric

Details

Market Value in 2021

US$ 258.0 Billion

Market Growth Rate (from 2015 to 2030)

3.0%

Historical Data

2015 - 2020

Base Year

2021

Forecast Period

2022 - 2030

Units Considered

Value (US$ Million)

Market Segments

By Type, By Application

Key Companies Profiled

Interplex Holdings Pte. Ltd, Xometry, Deringer-Ney Inc, Harvey Vogel Manufacturing, Caparo Engineering India Ltd, Matenaer Corporation, Clow Stamping Company, Evans Tool & Die Inc, Manor Tool & Manufacturing Comp, and Tempco Manufacturing Company

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Manufacturer, distributors, wholesaler, and Supplier.
  • Demand Side: Automotive, Aerospace, Machinery, Consumer Appliances, Others