In terms of revenue, the Global Metal Stamping Market is expected to reach USD 262.7 Billion by 2028, growing at a CAGR (Compound Annual Growth Rate) of 4.30% from 2022 to 2028.
Due to the widespread use of metal frames in gamepads and controllers, headphones, speakers, and mobile phones, the consumer electronics industry is expected to continue to be a significant driving force. Due to its high tolerance, corrosion resistance, electrical conductivity, and clean finish, Metal Stamping is utilized in mobile phones to manufacture antennas, chassis, and camera lens holders. In January 2021, there were 5.31 billion unique mobile customers worldwide, increasing by 1.8 percent annually, according to the GSM Association. This will probably increase demand for mobile phones and Metal Stamping in the upcoming years. One of the prominent participants in the sector is the United States.
The COVID-19 outbreak, however, and the accompanying nationwide temporary lockdowns affected how the industry operated. Due to difficulties in the supply chain and dwindling demand from end-use customers, the downstream demand from important sectors such as automotive, aerospace, industrial machinery, and others was significantly impacted. As the immunization rate has increased, the situation has returned to normal. As a result, manufacturers have been forced to improve their facilities due to the rising demand for Metal Stamping in the U.S.
Key Highlights from the Report
- Among Processes, the Blanking market segment is anticipated to dominate the Metal Stamping market with the largest market share in the forecast period. Due to its accurate and superior stamping capability, blanking plays a crucial role in the production of automobiles.
- By Materials, the Steel market segment accounted for the maximum CAGR during the forecast period. This is because steel is widely available, inexpensive, of excellent quality, and requires little work.
- In terms of region, Asia Pacific held the most significant market share and is expected to be the most gainful market during the forecast period. For the projected period, rising production and sales of consumer electronics and passenger cars in nations like China, India, and Bangladesh will be significant market drivers.
Metal Stamping is an intricate manufacturing technique that uses a stamping press to mold flat metal sheets into particular forms. This can be accomplished by applying different metal forming techniques, including punching, blanking, piercing, bending, embossing, coining, and flanging. Additionally, Metal Stamping can be used to make a more significant number of similar metal components at a lower cost. As a result, numerous businesses have invested significantly in R&D initiatives to develop automated Metal Stamping technology to manufacture agricultural equipment.
A significant driving force behind the use of metal frames in headphones, mobile phones, speakers, gamepads, and controllers is anticipated to continue to be the booming consumer electronics sector. Metal Stamping is used in manufacturing chassis, camera lens holders, and antennae for mobile devices because it offers good electrical conductivity, tolerance, and corrosion resistance. By 2025, there will be 5.9 billion unique mobile subscribers worldwide, according to the GSM Association. This will increase demand for phones and Metal Stamping during the projection period.
Asia Pacific Metal Stamping market is anticipated to witness a noteworthy development with a significant growth rate over the analysis period. The market will experience growth throughout the forecast period due to rising consumer electronics and passenger automobile production and sales in nations like China, India, and Bangladesh. Demand for manufacturing equipment is being fueled by the region's rapid industrialization, expenditures in infrastructure development, and expansion of the defense and aerospace industries. Governments worldwide are investing in the defense industry to modernize existing defense technology, introduce cutting-edge equipment, and increase the effectiveness of vehicles and planes. In addition, it is projected that the expansion of India's agricultural sector will accelerate market growth in the years to come. Metal Stamping is utilized to make vehicles and agricultural equipment parts, increasing market sales during the assessment period.
The Global Metal Stamping Market is Segmented as follows
- Other Materials
- Automotive & Construction
- Industrial Machinery
- Consumer Electronics
- Electrical & Electronics
- Building & Construction
- Other Applications
- Press Types
- Mechanical Press
- Hydraulic Press
- Servo Press
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
List of the Key Players of the Global Metal Stamping Market is
Acro Metal Stamping (US), Manor Tool & Manufacturing Company (US), D&H Industries Inc. (US), Kenmode Tool & Engineering (US), Klesk Metal Stamping Co. (US), Clow Stamping Company (US), Goshen Stamping Company (US), Tempco Manufacturing Company Inc. (US), Interplex Holdings Pte. Ltd. (Singapore), CAPARO (UK), Nissan Motor Co. Ltd. (Japan), AAPICO Hitech Public Company Limited (Thailand), Gestamp (Spain), Ford Motor Company (US)
The Global Metal Stamping Market Scope can be Tabulated below
|Market Size Provided for Years||2017 - 2030|
|Historic Years||2017 - 2021|
|Forecast Years||2023 - 2030|
|Regions & Counties Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|