The metal stamping market size will reach US$283.4 billion by 2030
Tokyo, March 22, 2022 (GLOBE NEWSWIRE) — Regional overview
Asia-Pacific accounted for the largest profit share of over 36% in 2020 due to the growing demand for cars and consumer electronics in the region and is expected to witness the fastest growth rate over the course of 2020. the distribution period. the metal stamping Marlet The growth is primarily driven by economies such as India, China, Bangladesh, Pakistan, and Indonesia where rising demand for phones and other consumer electronics is expected to drive the market growth. In addition, the increasing industrialization coupled with the development of the structure and growth of the defense industry is expected to have a positive impact on the demand for equipment and machinery in Asia Pacific.
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On the other hand, Asia-Pacific is considered to be the fastest growing market segment. Additionally, due to the availability of major automobile manufacturers such as Chrysler, GM, and Ford, it is a key market driver for the metal stamping industry in North America. In the United States, metal stamping is classified as part of the metal fabrication industry, which exposes much of the manufacturing sector. Additionally, metals and metal products that have been shaped elsewhere are also processed and shaped by key fabricators.
|Market size by 2028||$263.63 billion|
|CAGR||3.6% from 2022 to 2030|
|Largest market share||Asia Pacific|
|fastest region||North America|
|Year of reference||2021|
|Companies covered||Acro Metal Stamping, Klesk Metal Stamping Co, Kenmode, Inc., Manor Tool & Manufacturing Company, Interplex Holdings Pte. Ltd., Ford Motor CompanyD&H Industries, Inc., Clow Stamping Company, CAPARO, Goshen Stamping Company, Nissan Motor Co., Ltd, Tempco Manufacturing Company, Inc.|
- Based on the process, the die-cutting segment dominated the market, gaining a market share of around 60% in 2020. Die-cutting is an integral part of automotive car manufacturing owing to its superior and precise stamping capability . The technique involves the use of a die to achieve the required shape. The increasing use of die cutting in the machinery industry owing to its ability to cater to mass product lines is expected to augment segmental growth in the coming times.
- On the basis of material, the steel stamping market captured the global market in 2020 due to the high and easy accessibility of steel, minimal effort, high quality and a low cost. However, on the other hand, the aluminum stamping market is expected to witness rapid growth during the forecast period. The increasing growth of the market is attributed to the growing interest of the automotive and aerospace sectors to reduce weight and fuel expenses.
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Driver: A booming automotive industry
According to the International Organization of Motor Vehicle Manufacturers (OICA), sales and registrations of new vehicles rose to 97.3 million vehicles worldwide in 2017, from 74.9 million vehicles in 2010. Sales and registrations of all types of new vehicles in the Middle East and Asia-Pacific countries increased to 46.8 million vehicles in 2016 from 35.1 million vehicles in 2010. Gradually, according to the International Organization of Automotive Manufacturers (OICA), the global production of cars increased to 72.1 million cars in 2016 from 58.2 million cars in 2010. Hence, the growth of the industry is increasing the demand for automotive components from original equipment manufacturers and car manufacturers. Metal stamping is gradually playing a vital role in vehicle development programs due to the continuous and rapid evolution of technologies. In order to address safety and fuel economy concerns as well as issues such as recycling, lightweight structures and environmentally friendly manufacturing processes, producers are gradually acquiring or developing capabilities and technologies such as as metal stamping to produce vehicles that meet the demands of the future market. .
Detention: Possess high cost for short term production
This technique prerogative tooling in advance, and thus makes small-scale short-term production more expensive and inefficient, because the manufacture and development of equipment requires a long period of time and in case of the need for change, difficulties and additional expense in modifying equipment may occur. Therefore, expensive production for short-term production limits the growth of the market.
Opportunity: Next Generation Metal Stamping
The rise of next-generation stamping is gaining momentum in the global metal stamping market. Next-generation metal stamping decreases the cost and time required to produce metal and metal components. It has canceled the die design process which is an expensive procedure and an aid to the operation of next generation tooling simulation software to improvise driving alignments before cutting tools. Automotive parts such as headliners, fenders, side and side panels, brake shoes, exhausts, valves and brackets have increased the abandonment of next generation metal stamping technologies in the market . Moreover, this technology successfully attracts investors again.
Challenge: Purchase of raw materials
In 2020, the metal stamping market has witnessed a major change in transportation, which has had a major impact on the export and import of raw materials needed to manufacture metal stamping. If customers do not receive their finished products on time, it is also the manufacturer’s responsibility to ensure that they step up their raw material supply. The hardened key players also apply various strategies in order to harden the supply and hence they are adept at ensuring that nothing is left to chance.
Segments covered in the report
- The copper
- Automotive and construction
- Industrial machinery
- Consumer electronics
- Electrical and Electronic
- Building construction
By type of press
- mechanical press
- Hydraulic press
- Servo press
- North America
- Asia Pacific
- Latin America
- Middle East and Africa (MEA)
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