The global metal stamping market revenue is expected to expand at a lucrative CAGR over the forecast period. Growing use of lightweight metals in automobile manufacturing and consumer electronics is expected to drive market growth. However, growing use of polymers in automobiles as an alternative to metals is anticipated to hamper market growth.
The global metal stamping market report has been segmented on the basis of process, application, and region.
On the basis of process, the global metal stamping market has been segmented into blanking, embossing, bending, coining, flanging, and others (hemming, stretching, ironing, and drawing). Penetration of blanking segment is expected to grow over the forecast period. Blanking is used in automobile industry owing to its ability to cater to mass production lines is expected to fuel market growth.
On the basis of application, the global metal stamping market has been segmented into automotive, construction, electrical & electronics, aerospace, industrial equipment’s, and others (telecommunication and consumer electronics). Industrial equipment segment is expected to witness steady growth over the forecast period. Growing demand for machinery and automation to enhance the operating precision is expected to boost machinery market which in turn is anticipated to drive metal stamping market.
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On the basis of region, the global metal stamping market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America market is expected to grow at rapid pace owing to rapidly growing automotive industry in the region over the forecast period. Europe is expected to be the second largest region in terms of revenue owing to growing demand for metal stamping from automotive, construction, and defense sector.
Key players operating in the global metal stamping market include Acro Metal Stamping, Lindy Manufacturing Co., American Industrial Co., Wisconsin Metal Parts, Inc., CIE Automotive, S.A., Clow Stamping Company, Kenmode Tool and Engineering, Inc., Manor Tool & Manufacturing Company, Interplex Holdings Pte. Ltd., and Goshen Stamping Co., Inc.