Metal Stamping Market (2018-2023)
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.
- Published
- Aug 2018
- Pages
- 167
- Format
- PDF + Excel
- Report ID
- MRCHM - 10446
- Base year
- 2017
- 2023 · FORECAST
- $289.2B
- 2023
- $289.2B
- CAGR 2018–2023
- 3.9%
2017 baseline · 2018–2023 forecast at 3.9% CAGR · hover a bar for the value
Key highlights
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.
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.
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.
Report summary
| Particulars | Details |
|---|---|
| Base Year | 2017 |
| Estimated Year | 2018 |
| Forecast Period | 2018–2023 |
| Market Size (2023) | USD 289.20 billion |
| CAGR (2018–2023) | 3.9% |
| Format | PDF, Excel & Cloud Portal · 167 pages |
| Segments Covered | By Process: Blanking, Embossing, Bending, Coining, Deep Drawing, Flanging, Others · By Material: Steel, Aluminum, Copper, Others · By Application: Automotive, Industrial Machinery, Consumer Electronics, Aerospace and Aviation, Electricals and Other Electronics, Telecommunications, Medical Industry, Defense, Others |
| Countries Covered | Europe (RoE), Asia-Pacific (RoAPAC) |
| Key Companies | Magna International Inc., Alcoa Corporation, Pte. Ltd., D&H Industries, Inc., Goshen Stamping, LLC |
Report overview
Segments covered: process, material, application. Regions: Europe, Asia-Pacific.
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.
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.
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.
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).
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?
Table of contents
11 chapters · 93 sections · 167 pages · click to expandGeographic analysis
Asia-Pacific
Fastest growthAsia 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. Asia Pacific: Largest and Fastest Growing Regional Market The Asia-Pacific metal stamping market favors both larger and local manufacturers that compete in multiple segments
Competitive landscape
- Magna International Inc.
- Alcoa Corporation
- Pte. Ltd.
- D&H Industries, Inc.
- Goshen Stamping, LLC
Cite this report
Meticulous Research. (2018). Metal Stamping Market - Global Opportunity Analysis And Industry Forecast (2018-2023) (Report No. MRCHM - 10446). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/metal-stamping-market-4315