Metal stamping is a process that uses dies to make metallic sheets into special shapes. It is an automatic process that reduces labor expenses. These shaped metals are then used in diverse massive and small merchandise, ranging from pots and pans to automotive components and huge machineries. The global metal stamping market finds application in sideboards, sections, hats, rooftops, and holders in the automobile industry. Moreover, they offer an excessive degree of layout flexibility to outline and enforce small features with tight tolerance and specific configurations. They are replacing numerous current metal forming techniques along with die casting and forging, due to low manufacturing expenses. The growing demand for precision metal elements from various industries has boosted the demand for metal stamping.

Market scope and structure analysis

Segmentation by process

• Blanking
• Embossing
• Bending
• Coining
• Flanging
• Others (Hemming, Stretching, Ironing, and Drawing)

Segmentation by application

• Automotive
• Construction
• Electrical & Electronics
• Aerospace
• Industrial Machinery
• Others (Telecommunication and Consumer Electronics)

COVID-19 scenario analysis

The outbreak of corona virus has an adverse effect on the automobiles and the aerospace industries. The lockdown implemented by governments of various countries has enforced industries to shut down their manufacturing units due to lack of manpower and decline in demand. The international travel ban has further reduced the demand for flight, as a result many companies have suspended their aircraft manufacturing. Moreover, supply chain disruptions due to lack of raw materials has negatively impacted the growth of the global market.

Market scenario analysis

Rise in production of automobiles is anticipated to drive the demand for metal stamping, as metal stamping is majorly applicable in production of car frame panels, transmission additives, and interior &outdoor structural additives. In addition, surge in demand for automobiles in developing countries is attributed to increase in working population, rapid industrialization, and developing middle-income stage groups. Moreover, the aerospace industry is predicted to create lucrative growth opportunities for metal stamping market in the near future. However, high cost of crude materials is restraining the growth of the global metallic stamping market.

Market drivers

Surge in demand for metal stamping in the aerospace, customer electronics, electric & electronics, protection, engineering equipment, and telecommunication industries is the major fact that significantly contributes toward the growth of the global. In addition to this, developments with regards to 3D printing and its usage in metal stamping is further complementing the overall growth of this market. This techniques helps in creating desirable shapes required in several industries. Therefore, rising usage of these techniques likely to create new product formulation based on consumer convenience; which may develop new growth opportunities.

Market trends

The emergence of 3D printing and additive fabrication is one of the key factors that drive the growth of the global metallic stamping market. The popularity of additive production and 3D printing is growing due to the fact the metal stamping aids in producing complicated shapes, which would not be possible with traditional casting and machining techniques. 

Regional insights

The metal stamping market is analyzed across North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. Asia-Pacific dominated the market, in terms of sales, and is expected to continue this trend during the forecast period. This is attributed to rise in demand for vehicles in the region, due to increase in purchasing power of consumers. In North America, the need for metal stamping is driven by surge in demand from the automotive industry. Automobile makers are specializing in increasing the manufacturing of lightweight cars by using metals, thereby propelling the growth of the global market.

Key benefits of the report

• This study presents the analytical depiction of the global metal stamping industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global metal stamping market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global metal stamping market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global metal stamping market research report:

• Which are the leading players active in the global metal stamping market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?