The global metal stamping market size is expected to be worth around US$ 275.32 billion by 2030, according to a new report by Vision Research Reports.
The global metal stamping market size was valued at US$ 205.50 billion in 2020 and is anticipated to grow at a CAGR of 4.8% during forecast period 2021 to 2030.
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Metal Stamping Market (By Process: Blanking, Embossing, Bending, Coining, Flanging, Others; By Application: Automotive, Industrial Machinery, Consumer electronics, Aerospace, Electrical & Electronics, Telecommunications, Others) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
Report Coverage
| Report Scope | Details |
| Market Size | USD 275.32 billion by 2030 |
| Growth Rate | CAGR of 4.8% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Process, Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Acro Metal Stamping; Manor Tool & Manufacturing Company; D&H Industries, Inc.; Kenmode, Inc.; Klesk Metal Stamping Co; Clow Stamping Company; Goshen Stamping Company; Tempco Manufacturing Company, Inc.; Interplex Holdings Pte. Ltd.; CAPARO; Nissan Motor Co., Ltd; AAPICO Hitech Public Company Limited; Gestamp; Ford Motor Company |
Growth Factors
The increasing production of automobiles is anticipated to drive the demand for metal stamping as it is used in manufacturing of car body panels, transmission components, and interior and exterior structural components.
Automobile consumers are shifting their focus towards lightweight vehicles on account of rising concerns about environmental pollution. According to the Center for Automotive Research (CAR), the global light vehicles sales reached around 94 million in 2018 and are expected to reach nearly 110 million by 2026. The growing demand for lightweight vehicles is encouraging auto component manufacturers to increase their production capacities and engage in new product developments, which, in turn, is anticipated to augment market growth over the coming years.
By Process Analysis
The blanking segment held the largest revenue share of more than 32% in 2020. Blanking is an integral part of manufacturing automobiles on account of its precise and superior stamping ability. The technique involves the use of a die to obtain the desired shape. The growing use of blanking in the automobile industry on account of its ability to cater to mass production lines is expected to augment segment growth over the coming years.
Embossing was the second largest segment in 2020 owing to its advantages such as the ability to produce different patterns and sizes, depending on the roll dies. This is done by passing a metal sheet or strip between rolls of the desired pattern. Embossing a sheet metal reduces friction, increases stiffness and rigidity, and enhances traction.
By Application Analysis
The automotive segment held the leading revenue share of over 36% in 2020. Automotive industry including passenger vehicles, light commercial vehicles (LCVs), heavy trucks, buses, and coaches use metal stamping parts in manufacturing body panels to maintain safety standards and control end-costs.
Industrial machinery segment is expected to witness significant growth over the coming years on account of growing industrialization in the developing and emerging economies such as India, China, Brazil, and South Africa. In the agricultural industry, metal stamping components are used to manufacture automated processing equipment.
In telecommunications, metal parts are used in the manufacturing of antennas and the outer body of telecom products. The demand for metal stamping parts is witnessing growth in the telecommunications industry as they enhance the durability of telecom products.
By Regional Analysis
Asia Pacific dominated for the largest revenue share of more than 37% in 2020 owing to the increasing demand for cars and consumer electronics in the region and is expected to witness the highest growth rate over the forecast period.
Growing industrialization coupled with infrastructure development and growth in the defense industry is expected to have a positive impact on the demand for machinery and equipment in Asia Pacific. Countries such as China and India are increasing their investments in the defense industry.
India is another lucrative market where the growing production of components is anticipated to positively influence market growth. Also, the ongoing trade war between China and the U.S. is likely to propel the U.S. manufacturers to shift their production base in India in order to get themselves exempted from high export tariffs.
In North America, product consumption is likely to be driven by rising demand from the automotive industry. Automakers in the region are focusing on increasing the production of lightweight vehicles by using metals such as aluminum in various components to reduce fuel consumption.
Key Players
Market Segmentation
The study objectives of this report are:
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