Metal Stamping Market By Process (Blanking, Embossing, Bending, Deep Drawings), Material (Steel, Aluminum, Copper), Application (Automotive, Consumer Electronics, Aviation, Electronic, Telecommunications, Medical, Defense), and Geography - Global Forecast to 2023

The metal stamping market is expected to grow at a CAGR of 3.9% from 2018 to 2023 to reach USD 289.2 billion by 2023. Metal Stamping has provided solutions to countless generations of industries due to its nature of being cost-effective and its mass-production capabilities. Owing to several innovative technological developments, this industry has seen steady growth. Advancements in robotics, automation, and numerical controls have all helped improve stamping precision and speed, thus driving the growth of the metal stamping industry.

Large and Growing Automotive Industry Fuels the Growth of Global Metal Stamping Market

According to the International Organization of Motor Vehicle Manufacturers (OICA), the sales/registrations of new vehicles have increased to 97,302,534 vehicles globally in 2017, from 74,971,523 vehicles in 2010. The Asia-pacific region has registered the rapid growth in sales of all types of vehicles in the recent past. The sales/registrations of all types of new vehicles in the Asia-Pacific and Middle East countries has increased to 46,858 thousand vehicles in 2016, from 35,192 thousand vehicles in 2010. Similarly, according to the International Organization of Motor Vehicle Manufacturers (OICA), the worldwide production of cars has increased to 72,105,435 cars in 2016, from 58,239,494 cars in 2010. The worldwide production of commercial vehicles has also increased to 22,871,134 vehicles in 2016, from 19,344,025 vehicles in 2010. This growing automotive industry relatively increases the demand for auto components from automobile manufacturers and original equipment manufacturers.

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The metal stamping plays an increasingly important role in vehicle development programs due to rapid and continuous development in technologies. In order to address safety and fuel economy concerns as well as issues such as lightweight structures, recycling, and environmentally friendly manufacturing processes, the automobile manufacturers are increasingly developing or acquiring technologies and capabilities such as metal stamping to produce vehicles that meet these market needs.

Rising Investments by Key Vendors in Emerging Economies Supports the Market Growth

Global metal stamping market witnesses a huge opportunity in emerging economies like China, India, Mexico, Brazil, Argentina, and South Africa, owing to rapid growth in various end-user industries such as automotive, aerospace & aviation, consumer electronics, electrical and other electronics, industrial machinery, telecommunications, and medical devices in the recent years. Citing the growth and future demand for metal components from these industries, many metal stamping equipment and service providers are strategically investing in these countries for the expansion & construction of new metal stamping facilities; for instance, in April, 2018, Weiss-Aug Co. Inc. started operations in Nuevo Leon, Mexico with the addition of two 22-ton high speed Bruderer presses to increase metal stamping capabilities. Also, in February, 2017, Gestamp invested USD 38.67 million for the construction of new hot stamping plant in Pune, India. This was an effort from the company to capture rising demand for metal stamping with a preference for safer & lighter vehicles.

Next-Generation Metal Stamping is Catching the Attention!

Emergence of next-generation stamping is gaining traction in the global metal stamping market. The next-generation metal stamping reduces the time and cost required to produce metal and metallic parts. It eliminated the process of designing dies which is a costly procedure and helped in the implementation of next-generation tooling simulation software to improve tooling lineups prior to cutting tools. Automotive parts such as fenders, headliners, side and quarter panels, exhausts, brake shoes, valves, and hangers have increased the adoption of next-generation metal stamping technologies in the market. Moreover, this technology is also successfully managing to attract the investors; for instance, in November 2017, Toyotetsu Canada (automotive part manufacturer) was awarded nearly USD 1.2 million in Ontario government grants through the Southwestern Ontario Development Fund (SWODF).

Key Findings in the Global Metal Stamping Market Study:

Aerospace & Aviation and Consumer Electronics Applications to Post Fastest Growth

Building aircraft, sub-assemblies, and components efficiently, sustainably, and cost effectively requires extensive application of metal stamping. The demand of metal stamping from aerospace and aviation industry is expected to witness a rapid growth through 2023, mainly due to growing focus on safety; need to meet strict quality standards; and utilization of lightweight and versatile components to keep fuel costs and aircraft weight down. Moreover, in consumer electronics industry, smaller, tougher, and high-performance gadgets increasingly demand metal stamping for manufacturing antennas and lightweight metal parts to enhance resistance of electronic components. The industry requires metal stamping for caps, connectors, couplings, disc stampings, enclosures and housings, fittings, sensors, shells, and sleeves.

Blanking Dominates Global Metal Stamping Market

Being a fundamental operation in metal stamping process as well as its ability to produce precise and superior quality metal work pieces in large volumes at low costs, blanking market held the largest share of global metal stamping market in 2017. Moreover, this process provides excellent dimensional control during mass production. Therefore, growing number of many large manufacturing chains across automotive, aerospace & aviation, and consumer electronics sector further supports the demand for metal blanking.

Steel Stamping to Witness Largest Demand Through 2023

The steel stamping market commanded the largest share of the global metal stamping in 2017 owing to its easy and high availability, high strength, relatively low cost, and rising demand from various industries.

Asia Pacific: Largest and Fastest Growing Regional Market

Asia Pacific commanded the largest share of the global metal stamping market in 2017, followed by Europe and North America; it is also the fastest growing region. The global shift of manufacturing from North America & Europe to Asia-Pacific region and related rise in the use of metals & metal stamping processes in the manufacturing are majorly attributed to the large share of this region. China is expected to dominate the Asia Pacific market through 2023, mainly due to its large automotive industry and growing government initiatives to promote this sector, increasing use of automation technologies in electrical and electronics sector, cost effective manufacturing operations, and availability of cheap skilled labor.

Key Players

The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 5 years. The key players profiled in the global metal stamping market research report are Magna International Inc., Alcoa Corporation, American Axle & Manufacturing Holdings, Inc., Interplex Holdings Pte. Ltd., Acro Metal Stamping Co., Tempco Manufacturing Company Inc., D&H Industries, Inc., American Industrial Company, Manor Tool & Manufacturing Company, Kenmode Precision Metal Stamping, Klesk Metal Stamping Co., Aro Metal Stamping Company, Inc., Goshen Stamping, LLC., Sertec Group Ltd., KOBAKIN (J) CO.,LTD., Harvey Vogel Manufacturing Co., Dongguan Shiyunjia Hardware Co., and Clow Stamping Company.

Scope of the Report:

Metal Stamping Market by Process

• Blanking
• Embossing
• Bending
• Coining
• Deep Drawing
• Flanging
• Others

Metal Stamping Market by Material

• Steel
• Aluminum
• Copper
• Others

Metal Stamping Market by Application

• Automotive
• Industrial Machinery
• Consumer Electronics
• Aerospace and Aviation
• Electricals and Other Electronics
• Telecommunications
• Medical Industry
• Defense
• Others

Metal Stamping Market by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • Spain
  • France
  • U.K.
  • Italy
  • Rest of Europe (RoE)
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • Rest of APAC (RoAPAC)
• Rest of World
  • Latin America
  • Middle East and Africa

Key questions answered in the report: 

Growing automotive industry to drive the adoption of metal stamping

• How does the adoption of metal stamping in automotive industry differ from the adoption in industrial machinery segment?
• What impact does this have on the adoption of metal stamping in comparison to other application segments?
• Which are the high growth market segments in terms of process, material, and regions/countries?

The Asia-Pacific metal stamping market favors both larger and local manufacturers that compete in multiple segments

• Who are the top competitors in this market and what strategies do they employ to gain shares?
• What is driving growth and which market segments have the most potential for revenue expansion over the forecast period?
• What strategies should new companies looking to enter this market use to compete effectively?
• What are the major drivers, restrains, challenges, and opportunities in the global metal stamping market?
• Who are the major players in various countries and what share of the market do they hold?
• What are the geographical trends and high growth regions/countries?

Recent new product launches, partnerships, mergers & acquisitions, and expansions have taken place in the metal stamping market

• What companies have recently merged/acquired in various countries across the globe and how will these unions affect the competitive landscape of the metal stamping market?
• Which companies have created partnerships and how will these partnerships promote a competitive advantage?
• Who are the major players in the global metal stamping market and what share of the market do they hold?
• Who are the local emerging players in the metal stamping market and how do they compete with the global players?