Metal Stamping Market Insights:
The global metal stamping market is anticipated to grow at a CAGR of more than 5 % over the forecast period. The accelerated growth in aerospace & aviation industry is likely to drive the growth prospects for the global metal stamping market over the coming years.
The growing utilization of sheet metal in consumer electronics & automotive industry is projected to boost the demand for stamping. Sheet metal is widely used in producing transmission components, automotive chassis, and interior & exterior structural components of electronics.
The growing demand for metals in aerospace, electrical & electronics, engineering machinery, defense and telecommunication industries are some of the other factors which are likely to bode well for the growth.
European economic crisis coupled with excessive supply of metals including steel had a massive impact on prices. However, the high cost of raw materials associated with it is anticipated to limit the metal stamping market growth over the forecast period.
Metal Stamping Market - Product Insights:
On the basis of products, the metal stamping market is segmented into Vehicle stamping, Job stamping, and Others. Vehicle metal stamping is a technique for processing sheet metals and molding them into different shapes and sizes according to specific requirement and application in automobiles. Vehicle metal stamping market is likely to witness a significant growth over the forecast period due to increased manufacturing of vehicles and rising demand for passenger vehicles.
Metal Stamping Market - Process Insights:
The blanking segment reported the largest share of the metal stamping market in 2016 and is further projected to dominate the global metal stamping market over the forecast period. The blanking process is gaining a lot of importance in the market as it is capable of manufacturing metal work pieces at a reasonable cost.
Embossing market segment is expected to experience a lucrative growth over the forecast period due to its application in engraving and metal printing.
The bending metal stamping market is anticipated to grow at a brisk rate due to the presence of several bending techniques including air bending, bottom bending among others.
Metal Stamping Market - Industry Insights:
On the basis of industry, the metal stamping market is segmented into Automotive, Industrial Machinery, Consumer Electronics, Aerospace, Electrical & electronics, Telecommunications, and Others. Consumer electronics segment is likely to develop as the fastest growing application segment for stamped parts as a consequence of growing utilization of lightweight components to increase the durability of electronics.
Automotive application segment accounted for more than 35% of the overall revenue share in 2016. The growing usage of metal sheets in industries as key automotive components such as chassis, engine, and transmission parts among others are expected to drive the overall global metal stamping market.
The expanding demand for machinery and automation to improve the operating accuracy is anticipated to affect the industrial machinery market positively.
Metal Stamping Market - Regional Insights:
Asia Pacific market accounted for the highest revenue share in the global metal stamping market in 2016. It is further anticipated to dominate the market over the forecast period. The growth in this region is attributed to increased demand for spare parts, growing capital investments by oil & gas companies, deep-water projects, and expansion of refining base, particularly in India, China, Indonesia, and Malaysia.
Europe recorded the third-largest market share in 2016 due to large-scale use of stamping processes in construction activities. Expanding demand for stamping from automotive, aircraft, aerospace, and defense industries in the countries such as the U.S., U.K. Germany, Sweden, and Italy is expected to boost the revenue of these region.
Metal Stamping Market: End-Use Landscape
The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from the global metal stamping market. The major consumers of the product are Ford, General Motors, and AT&T Inc.
Metal Stamping Market: Competitive Scenario
Key players operating in the global metal stamping market include Alcoa Inc., Acro, Manor Tool & Manufacturing Company, Interplex Industries Inc., Lindy Manufacturing, American Industrial Company, Precision Metal Stamping, Wisconsin Metal Parts, Inc., Aro Metal Stamping Co., Tempco Manufacturing, Clow Stamping Co., Martinrea International and Shiloh Industries, Inc. among others.