Metal stamping is a process of applying pressure on a sheet metal in order to achieve desired product. Metal stamping is done by either done by pressing or punching the metal sheet. Some of the processes in metal stamping involve flanging, blanking, blending embossing and other sheet metal forming processes. Some of the factors such as rising urbanization and industrialization, growing automotive industry, increasing demand from aerospace and aviation industry, rise in technological advancements are driving the growth of global metal stamping market. Moreover, rising use of sheet metal across manufacturing industries and rising investments into metal stamping accelarates the growth of this market. However, emergence of plastics & composite materials hinders the growth of this market.
Global Metal Stamping Market: Key Players
The research study includes profiles of leading companies operating in the global metal stamping market. Key players profiled in the report include: Martinrea International Inc., American Industrial Company, Hayes Lemmerz International, Dongguan Fortuna Metal Stamping Company, ThyssenKrupp AG, D&H Industries Inc., Magna International Inc., Alcoa Inc., Harvey Vogel Manufacturing Co. and Fiat Chrysler Automobiles. In April 2018, American Axle and Manufacturing and Liuzhou Wuling Automobile Industry Co. Ltd., entered into a joint venture - Liuzhou AAM Automotive Driveline System Co. Ltd., in China to produce rear axles and drive heads. The joint venture aimed at meeting the growing demand for vans, mini vans, and sport utility vehicles in the country.
Drivers for the Global Metal Stamping Market:
The increased adoption of bending process in various industry verticals to improve stability, durability and quality of manufactured parts is anticipated to stimulate growth of metal stamping market. In addition, increased demand for the metal stamping has created a dynamic demand for the development of the worldwide metal stamping market. These are some of the major factors which is likely to boost the growth of the market in the estimated forecasts period.
Opportunities for the Global Metal Stamping Market:
Some of the factors such as increased demand for customized stamped parts which are made to fabricate complex boards propel the growth of the market in the estimated forecasts period. In addition, rising use of sheet metal across manufacturing industries and rising investments into metal stamping facilities boost the growth of this market.
Restrains for the Global Metal Stamping Market:
Some of the factors such as increasing adoption of other processes such as casting and forging during the formation of metal, being used in the formation of heavy metals inhibits the growth of the market. Moreover, increased cost of the manufacturing is also one of the major attribute which hampers the market growth.
Region Wise, Global Metal Stamping Market Analysis:
North America anticipated having the largest share in the market. This can be attributed to the rising industrialization, significantly growing automotive and aerospace & aviation industry, infrastructural developments, and rising private & government investments in the manufacturing sector. Moreover, increased demand for the metal stamping in the industries is one of the major attributes for the growth of the market in the estimated forecasts period.
Global Metal Stamping Market: Product Analysis
Global Metal Stamping Market: Application analysis
- Industrial Machinery
- Consumer electronics
- Electrical & Electronics
Global Metal Stamping Market: Region Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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