Metal Stamping uses dies to transform flat metal sheets into shapes, and this process is extensively used for the production of household appliances to automotive industries. The global metal stamping market was valued at USD XX million in 2017 and is expected to grow at a CAGR of XX%, with the market expected to reach a valuation of up to USD XX million by 2025.
The global metal stamping market is characterized by the presence of global and regional players which include Alcoa Inc., Haitong Metals, D&H Industries, Inc., Martinrea International Inc., American Industrial Company, ThyssenKrupp AG, Hayes Lemmerz International, Magna International Inc., Harvey Vogel Manufacturing Co., Dongguan Fortuna Metal Stamping Company, and American Axle & manufacturing, Inc. among others
The Metal stamping market is bifurcated on the basis of application, process and region. On the basis of application, the metal stamping market is classified into Automotive, Industrial Machinery, Consumer Electronics, Aerospace, Electrical & Electronics, Telecommunications and Others. Consumer electronics is expected to emerge as the fastest growing application segment for stamped parts on account of the growing utilization of lightweight components to improve the durability of electronics. Further, based on process the market is fragmented into blanking. embossing, bending, coining, flanging and others.
Metal stamping market by region segmented into North America, Europe, Latin America, Asia-Pacific and Middle East & Africa.
Market segmented on the basis of application:
- Industrial Machinery
- Consumer Electronics
- Electrical & Electronics
Market segmented on the basis of process:
Market segmented on the basis of region:
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA
Market Dynamics: The increasing usage of sheet metal in automotive industry and consumer electronics is expected to drive the market for metal stamping as it is used in production of automotive chassis, interior & exterior structural components of electronics, and transmission components. The rising usage of sheet metal across different consumer electronics as well as the automotive industry is expected to positively impact the growth of metal stamping market. The accelerated growth of the metal stamping market is supported by the low raw material prices which has increased the usage of light-weight corrosion resistive metal stamping for enhancing stability of electrical & electronic and consumer electronic products.