Metal Stamping Market Size Worth $347.85 Billion By 2032 | CAGR: 4.1%

The global metal stamping market size is expected to reach USD 347.85 billion by 2032, according to a new study by Polaris Market Research. The report “Metal Stamping Market Share, Size, Trends, Industry Analysis Report, By Process (Blanking, Embossing, Bending, Coining, Flanging, Others); By Press Type; By Thickness; By Application; By Region; And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growing automobile production is expected to boost the need for metal stamping, particularly in the manufacturing of car body panels, transmission components, and interior and exterior structural elements. Consumer preferences in the automotive industry are shifting towards lightweight vehicles due to increasing concerns about environmental pollution. As per LMC Automotive, U.S. light vehicle sales reached approximately 14.5 million in 2020 and are projected to reach nearly 15.8 million by 2022. The rising demand for lightweight vehicles is prompting manufacturers of auto components to enhance their production capacities and explore new product developments.

Prominent automobile manufacturers with in-house component manufacturing facilities are increasing their production capacities to address the escalating demand for automobiles. Additionally, the telecommunications industry is expected to experience substantial demand for stamped products due to the increasing investments in 5G technology. For instance, FAIST Precision Suzhou revealed its investment, focusing on installing a new die casting machine named the FRECH GDK3200T. This machine is dedicated to running 5G projects for mass production.

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The market is characterized by high competitiveness, attributed to the presence of both local and global players who actively participate in meeting the growing demand. For instance, in January 2022, General Motors revealed its intention to allocate USD 46 Mn for enhancements to its metal stamping facility in the U.S. This investment is anticipated to bring about upgrades in equipment quality and position the facility to support upcoming product programs effectively. Similarly, in October 2021, Shiloh Industries successfully concluded the acquisition of 2 stamping plants from Benteler, specifically for the automotive business. These facilities are outfitted with advanced precision laser cutting & hot-formed steel stamping capabilities, catering to the production of chassis components.

Metal Stamping Market Report Highlights

• The blanking segment will grow at a substantial pace owing to a surge in demand for automotive parts
• The consumer electronics segment is expected to grow at a faster rate, owing to the rise in the miniaturization of electronic products
• Asia Pacific held the largest share, primarily due surge in adoption of consumer electronics products
• The global players include Acro Metal Stamping, D&H Industries, Kenmode, Klesk Metal Stamping, Clow Stamping, and Goshen Stamping.

Polaris Market Research has segmented the metal stamping market report based on process, press type, thickness, application, and region:

Metal Stamping, Process Outlook (Revenue - USD Billion, 2019 - 2032)

• Blanking
• Embossing
• Bending
• Coining
• Flanging
• Others

Metal Stamping, Press Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Mechanical Press
• Hydraulic Press
• Servo Press
• Others

Metal Stamping, Thickness Outlook (Revenue - USD Billion, 2019 - 2032)

• Less than & up to 2.5 mm
• More than 2.5 mm

Metal Stamping, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Automotive
• Industrial Machinery
• Consumer electronics
• Aerospace
• Electrical & Electronics
• Building & Construction
• Telecommunications
• Others

Metal Stamping, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Metal Stamping Market Report Scope