Metal Stamping Market To Exhibit A CAGR Of 4.3% Between 2017 And 2025: Grand View Research, Inc.

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According to new report published by Grand View Research, the global metal stamping market is expected to reach $299.6 billion by 2025. Rising utilization of sheet metal in the consumer electronics and automotive industries is likely to augment the market.

According to a report by Grand View Research, Inc.; the global metal stamping market was valued at USD 204.60 billion in 2016 and is projected to rise to USD 299.6 billion by 2025. Metal stamping is a metal forming process involving punching or pressing of a metal sheet by a die to obtain the desired metal shape. The process of punching or pressing can be automatic or manual depending on the requirement. Metals used in the process include stainless steel, brass, copper, aluminum, and steel.

The market is anticipated to exhibit a CAGR of 4.3% between 2017 and 2025. Robust growth of the aerospace and aviation industries can support the growth of the market. Manufacturing of several airplane parts such as landing gears, thrust fittings, engine components, and nacelles require sheet metal forming and metal stampings. Apart from this, assembly equipment and industrial machinery are made up of durable and high strength metal sheets. They are highly dependent on precision stamping to shape components into desired geometrics and ensure their high efficiency.

Rising utilization of sheet metal in the consumer electronics and automotive industries is likely to augment the market. Demand for metal stamping in automotive applications is expected to account for 33.2% of the overall market revenue by 2025. In this sector, the process finds application in the manufacturing of roofs, bonnets, panels, hangers, and brackets. The consumer electronics segment is poised to witness a CAGR of 6.0% over the same period. Declining prices of raw materials can accentuate the use of lightweight corrosion resistive metal in consumer electronics and electrical and electronic products.

Full Research Report On Metal Stamping Market Analysis:

U.S. metal stamping market revenue, by process, 2014 – 2025 (USD Billion)

U.S. metal stamping market revenue, by process, 2014 - 2025 (USD Billion)

Introduction of regulatory policies aimed at improving safety standards and work conditions, material usage, and waste disposal can positively influence the market. Growing investments in R&D by companies to enhance operational ability and efficiency of stamping machinery are estimated to stoke market growth. The market is likely to experience a high degree shift from traditional press brakes towards user-friendly machinery as they improve the operational efficiency and ease of use of metal stamp machines. For instance, in November 2017, PHD Inc. launched the series PNC pneumatic identification stamping clamp, which features a strong clamp force to enable stamping of characters in draw-quality steel.

On the other hand, surging use of polymers in the automotive industry can inhibit the growth of the market. Rising focus on reducing the weight of vehicles and subsequently increasing the fuel efficiency is encouraging a shift from metals to composites and polymers. Moreover, growing inclination towards casting and forging for metal forming processes is anticipated to adversely affect the market.

The global metal stamping market has been segmented on the basis of process, application, and geography. Based on process, the market has been divided into embossing, blanking, coining, bending, flanging, and others. The bending segment is projected to register a CAGR of 4.4% over the forecast period (2017 to 2025). By application, the market has been categorized into telecommunications, electrical and electronics, aerospace, industrial machinery, consumer electronics, automotive, and others.

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Global metal stamping market by application revenue, 2016 (%)

Global metal stamping market by application revenue, 2016 (%)

From a geographical standpoint, the market has been classified into Asia Pacific, Europe, North America, Central and South America, and Middle East and Africa. Asia Pacific represented a dominant share of 34.8% of the overall market revenue in 2016. The region is poised to retain its position through 2025. Rapid infrastructural development and flourishing automotive sector are the key factors contributing to the growth of the region. Rising production of industrial machinery owing to conducive initiatives taken by governments to promote industrialization is expected to supplement the growth of the regional market.

Growing investments by oil and gas companies in refining base expansion and exploration activities in countries such as Indonesia, Malaysia, and India are driving the metal stamping  market in Asia Pacific. The growth of North America and Europe can be attributed to large-scale use of stamping processes in industries such as aerospace, automotive, defense, aircraft, and construction in countries, including U.S., Italy, U.K., and Germany.

Some of the prominent companies operating in the global arena are Magna International Inc.; ThyssenKrupp AG; Hayes Lemmerz International; American Axle & Manufacturing, Inc.; and Alcoa Inc.

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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