According to IMARC Group’s latest report, titled “Metal Stamping Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-20
According to IMARC Group’s latest report, titled “Metal Stamping Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global metal stamping market reached a value of US$ 187.3 Billion in 2020. Metal stamping is a manufacturing process that transforms flat metal sheets into three-dimensional shapes. This process involves punching, blanking, piercing and bending. Hydraulic, mechanical and mechanical servo are the most common types of metal stamping machines. They are fitted with multiple dies to cut and shape stainless steel and metal sheets, such as aluminum, zinc, and copper. These machines aid in lowering production costs while manufacturing large quantities of identical metal components. Metal stamping is utilized in various industries, such as consumer electronics and automotive.
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The global market is primarily being driven by technical innovations and advancements in the automotive industry. A significant increase in the production of consumer electronics is acting as another major growth-inducing factor. In line with this, metal stamping is used to produce metal frames for mobile phones, speakers, headphones, and game controllers. Furthermore, the demand for manufacturing and improving the stability, durability and quality of ultra-lightweight aircraft in the aerospace sector is creating a positive outlook for the market. Other factors, such as the utilization of computer-aided design (CAD) processes and 3D printing that enable the shaping of metal parts through highly precise drawings, along with extensive research and development (R&D) activities, are driving the market toward growth. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Acro Metal Stamping
- American Axle & Manufacturing Inc.
- American Industrial Company
- Arconic Corporation
- Aro Metal Stamping Company Inc.
- Caparo Engineering India Limited
- CIE Automotive
- Clow Stamping Company Inc.
- D&H Industries (Vista Equity Partners)
- Goshen Stamping LLC
- Interplex Industries Inc. (Amtek Engineering)
- Kenmode Precision Metal Stamping
- Klesk Metal Stamping Inc.
- Tempco Manufacturing Company Inc.
Breakup by Material:
Breakup by Press Type:
- Mechanical Press
- Hydraulic Press
- Servo Press
Breakup by Process:
- Deep Drawing
Breakup by Application:
- Industrial Machinery
- Consumer Electronics
- Electrical and Electronics
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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