Global Metal Stamping Market by Process (Bending, Flanging, Blanking, Coining, Embossing) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global metal stamping market was worth USD 200.50 Billion in 2020. It is projected to grow at a compound annual rate (CAGR), of 3.8% in terms revenue between 2021 and 2028. Metal frames are used in headphones, speakers, gamepads, controllers, and mobile phones to drive growth. Metal stamping is used to make antennas, chassis, and lens holders for mobile phones. It offers high tolerance, corrosion resistance and electrical conductivity and a smooth finish. GSM Association predicts that the number of mobile subscribers worldwide will reach 5.91 billion in 2025, up from 5 billion in 2017. This is likely to drive demand for metal stamping and mobile phones in the future.

The U.S. is a prominent player in the metal stamping sector. The industry's operations were greatly affected by the introduction of COVID-19, and the subsequent temporary lockdown measures. Due to difficulties in the supply chain and a dried-up market from end-use clients, downstream demand from key sectors such as automotive, aerospace and industrial machinery was greatly affected. Based on the pace of vaccination and control measures to limit the spread of coronavirus, the situation should improve by 2021 or 2022.

American Axle and Manufacturing, a U.S.-based automotive component manufacturer, and Liuzhou Wuling Automobile Industry Co. Ltd., a Chinese manufacturer, formed a joint venture called "Liuzhou AAM Automotive Driveline System Co. Ltd." to manufacture rear axles and drive head in China. This joint venture was created to meet the increasing demand for vans and minivans in China. It is expected that the market will grow due to the increasing production of automotive components.

According to the International Council on Clean Transportation, the world's electric vehicle production surpassed 2,000,000 in 2018, with China accounting for 51.6%. The increase in production is largely due to government initiatives like electric car subsidies to local producers to encourage the growth of electrical vehicles. This will likely increase the use of sheet metal in the production of automobile components like chassis, interior, exterior structural and transmission components. This is expected to drive growth in the metal stamping market during the forecast period.

Automobile manufacturers are replacing metals by plastic and carbon fiber to reduce weight, which can hinder the market's rapid growth. A 10% decrease in vehicle weight results in a 5% to 7 percent increase in fuel economy. Due to stringent regulations in different countries, the increasing production of lightweight vehicles is expected to increase the demand for replacement products. These substitute products are being encouraged in the U.S. due to the Corporate Average Fuel Economy (CAFE), regulations that increase fuel efficiency. This could lead to a slowdown in the market.

Process Insights

Blanking accounted for more than 32% of the total revenue in 2020. Because of its superior stamping capabilities, blanking is an integral part manufacturing automobiles. This technique uses a die to achieve the desired shape. Segment growth will be boosted by the increasing use of blanking in automobile manufacturing due to its ability to produce large quantities.

Due to its versatility, embossing was second in 2020. It can produce different sizes and patterns depending on the roll dies. This is accomplished by passing a metal strip or sheet between the rolls that have the desired pattern. Embellishment of sheet metal reduces friction, stiffness, rigidity, and improves traction.

The bending process is the act of pressing a metal onto a flat surface in order to create the desired shape. When used with low or moderate quantities of metals, the bending process can be cost-effective. You can use the bent parts in many applications, such as doors hinges and engine assemblies in automobiles.

The cold work of coining involves using extreme force to mold a piece of metal so that it fits into a die. This process can be performed with a variety of presses, including a hydraulically-actuated press, a mechanical or gear-driven press. Although it was originally used for the minting coins, due to the increasing complexity of designing automobiles, the coining process has been used in metal stamping.

Application Insights

In 2020, the automotive segment accounted for more than 35% of all revenue. To maintain safety standards and reduce costs, the automotive industry, which includes passenger cars, light commercial vehicles (LCVs), buses, and coaches, uses metal stamping parts to make body panels. The International Organization of Motor Vehicle Manufacturers reports that the global production of LCVs (light commercial vehicles) and heavy trucks increased by 5.9% & 3.5%, respectively, between 2017 and 2018. In the next few years, the market for automotive applications will grow because of increased vehicle production.

Metal stamping is used in the aerospace industry to make aircraft parts, such as frames and channels. This allows for ultra-lightweight planes that use less fuel. Metal stamping is an economical solution for aircraft parts manufacturing. It is durable and cost-effective. This will drive its demand. The market will be driven by the increasing production of fighter and commercial aircraft in the future.

The growing industrialization of emerging and developing economies like South Africa, India, Brazil and China will drive significant growth in the segment of industrial machinery. Metal stamping components are used in the manufacture of automated processing equipment for the agricultural sector. D&H Industries, a metal stamping company, invests in R&D to develop advanced metal stamping technology. Market growth is expected to be boosted by developments in agriculture over the forecast period.

Metal parts are used in telecommunications to make antennas and the outer bodies of telecom products. As they increase the durability of telecom products, the demand for metal stamping components is growing in the telecommunications sector. Market growth will be boosted by the availability of high-quality technology and the demand for premium telecom products in the future.

Regional Insights

Asia Pacific was the region with the highest revenue share, more than 36%, in 2020. This is due to the growing demand for electronics and cars in the region. It is expected to experience the fastest growth over the forecast period. This market is expected to grow primarily because of developing countries like China, India and Bangladesh as well as other electronics.

The demand for machinery and other equipment in Asia Pacific will be boosted by increasing industrialization and infrastructure development. China and India, for example, are increasing their defense industry investments. China, for example, increased its defense budget by 7.5% to improve defense equipment and launch advanced defense planes. In the coming years, the market will be driven by the rising demand for defense products.

India is another market that is expected to be a lucrative one. The country's growing component production is predicted to have a positive impact on market growth. The ongoing trade war between China, the U.S. and India is expected to drive U.S. companies to shift production to India to avoid high export tariffs. Apple, for example, has asked its key manufacturing partners in June 2019 to look into shifting 15-30% of their hardware production from China to India, South East Asia or Vietnam.

North American product consumption will likely be driven by the rising automotive industry demand. To reduce fuel consumption, automakers in the region are working to increase the production of lightweight vehicles. They use aluminum in various parts. Nearly half of all vehicles in the region were made with aluminum hoods as of 2018. This number is expected to rise to 80% by 2025. Market growth is expected to be driven by the increasing production of aluminum-hoods in the future.

Europe had a 24.6% revenue share in 2020, thanks to its established automotive industry and growing consumer electronics sector. There are strict regulations in the region that aim to improve fuel economy. This has led to an increase in electric vehicle demand. International Energy Agency predicts that the world's annual electric vehicle sales will reach 44 million units by 2030. Market growth is expected to increase due to the growing demand for electric cars in the future.

Market Share Insights & Key Companies

Global market is highly competitive with many small and large players. Local players are competing with global companies that offer customized products and services. Local players are able to provide customized customization services to clients and can also offer standardized products to major industrial machinery manufacturers, automotive OEMs, as well as consumer electronics manufacturers.

The industry's market leaders suffered losses and had their operations suspended during the COVID-19 pandemic. After the restrictions were lifted, companies had to implement safety protocols into their facilities in accordance with government regulations. This was done in order to ensure employee safety. Ford Motor Company, for example, had to suspend production at Chicago Stamping Plant in May 2020 to do enhanced cleaning and comply with safety protocols for COVID-19. These are some of the most prominent players in the global metal stamping industry:

• Acro Metal Stamping

• Manor Tool & Manufacturing Company

• D&H Industries, Inc.

• Kenmode, Inc.

• Klesk Metal Stamping Co

• Clow Stamping Company

• Goshen Stamping Company

• Tempco Manufacturing Company, Inc

• Interplex Holdings Pte. Ltd.

• CAPARO

• Nissan Motor Co., Ltd

• AAPICO Hitech Public Company Limited

• Gestamp

• Ford Motor Company

Up Market Research published a new report titled “Metal Stamping Market research report which is segmented by Process (Bending, Flanging, Blanking, Coining, Embossing), By Players/Companies Acro Metal Stamping, Ford Motor Company, Tempco Manufacturing Company Inc, Kenmode Inc, CAPARO, Goshen Stamping Company, AAPICO Hitech Public Company Limited, Nissan Motor Co Ltd, Interplex Holdings Pte Ltd, Gestamp, Clow Stamping Company, D&H Industries Inc, Klesk Metal Stamping Co, Manor Tool & Manufacturing Company”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Metal Stamping Market Report Segments:

The market is segmented by Process (Bending, Flanging, Blanking, Coining, Embossing).

Metal Stamping Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Metal Stamping Market

Overview of the regional outlook of the Metal Stamping Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Metal Stamping Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Metal Stamping Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Bending

                2. Flanging

                3. Blanking

                4. Coining

                5. Embossing

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Metal Stamping Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Metal Stamping Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.