Estimated to be worth USD 213.8 billion in 2023, the report “Metal Stamping Market by Process (Embossing, Blanking, Bending, Coining, Flanging), Material Thickness (≤0.4mm, >0.4mm), Press Type (Hydraulic Press, Mechanical Press, Servo Press), Material, End-Use Industry, Region – Trends and Forecast to 2028″ projects the market’s growth to USD 257.1 billion by 2028 at a compound annual growth rate of 3.7%. The metal stamping market is affected by a number of factors, including the expansion of the construction and automotive sectors, technological developments in production, the use of lightweight materials, and rising levels of product customisation. These elements should increase the market for metal stamping goods while also promoting the creation of increasingly sophisticated and effective metal stamping techniques.
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- 145 Tables with Market Data
- Forty-seven Figures
- The comprehensive TOC on “Metal Stamping Market – Global Forecast to 2028” spans 210 pages.
Among the well-known pivotal figures are:
American Axle & Manufacturing Holdings, Inc. (US), Arconic Corporation (US), Gestamp Automoción, S.A. (Spain),
Spain’s CIE Automotive S.A.
Singapore’s Interplex Holdings Pte. Ltd.,
Among many others is AAPICO Hitech Public Company Limited, located in Thailand.
Driver: The two main factors propelling the metal stamping market are the development of technology and the increasing use of automation.
The market for metal stamping is growing as a result of technical developments that have raised industrial productivity, lowered expenses, and improved accuracy and precision. For instance, the growing popularity of computer numerical control (CNC) machines may be attributed to their exceptional accuracy and precision in performing operations like as drilling, milling, and turning. These computer-controlled devices are capable of producing intricate parts and components quickly and efficiently. Automation has helped the metal stamping sector by raising output, cutting expenses, and enhancing efficiency. It might also aid in enhancing consistency. Because automated stamping machines can do repetitive jobs fast and reliably, the need for human labor may be reduced.
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The automobile sector held the greatest share by end-use industry in 2022.
The market for metal stamping’s major end-use sector is the automobile industry. The accuracy and efficiency of the stamping process have risen thanks to automakers’ ability to develop intricate and extremely precise stamping dies utilizing CAD and CAM technology. Metal stamping increases manufacturing adaptability and flexibility by enabling the production of unique components that meet precise design specifications. In the end, metal stamping has a big influence on the automotive sector since it enables manufacturers to quickly and affordably make high-quality parts, which raises the general effectiveness, safety, and performance of cars.
In terms of geography, the greatest share in 2022 was Asia Pacific.
Research has been done on the metal stamping markets in Europe, the Middle East & Africa, North America, South America, and Asia Pacific. Europe comes in second in terms of overall metal stamping, after Asia Pacific. The metal stamping market will be driven by the region’s rapid industrialization and growing number of end-use industries. The demand from the automotive and medical industries is expected to fuel the market’s quick expansion in China. Due to the benefits of establishing manufacturing facilities, the cheap cost of production, and the potential to better service the local expanding markets, manufacturers of metal stamping goods are focusing on this nation.