The According to a market research report, the “Metal Stamping Market by Process (Embossing, Blanking, Bending, Coining, Flanging), Material Thickness (≤0.4mm, >0.4mm), Press Type (Hydraulic Press, Mechanical Press, Servo Press), Material, End-Use Industry, Region – Trends and Forecast to 2028″, is approximated to be USD 213.8 billion in 2023, and it is projected to reach USD 257.1 billion by 2028, at a CAGR of 3.7%.
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- 145 Market data Tables
- 47 Figures
- 210 Pages and in-depth TOC on “Metal Stamping Market – Global Forecast to 2028”
This report also provides a comprehensive analysis of the companies listed below:
Most manufacturers in this market are based in North America, Europe and Asia Pacific. Gestamp Automoción, S.A. (Spain), Arconic Corporation (US), American Axle & Manufacturing Holdings, Inc. (US), CIE Automotive S.A. (Spain), Interplex Holdings Pte. Ltd. (Singapore), AAPICO Hitech Public Company Limited (Thailand), Clow Stamping Company (US), Wiegel Tool Works, Inc. (US), Harvey Vogel Manufacturing Co. (US), ACRO Metal Stamping (US), Boker’s, Inc. (US), and Kenmode, Inc. (US) are among the leading players operating in the metal stamping market. These players have adopted various growth strategies to strengthen their position in the market. This include product launches, expansions and acquisitions, and new product development activities further to expand their presence in the metal stamping market.
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the metal stamping market.
Growing demand for high-quality, precision parts in end-use industries like automotive, industrial machinery, construction, electricals & electronics, aerospace, telecommunication and medical. The rising demand for precise, high-quality parts is an important driver in this market. One key factor is increased production efficiency. Metal stamping is a low-cost method of producing high-quality, precision parts in huge quantities. Metal stamping machines can now produce parts with extreme accuracy and precision, reducing the need for costly manual labor.
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Recent Developments in Metal Stamping Market
- In December 2022, Gestamp Automoción S.A. acquired a 33% strategic stake in Gescrap Group to enhance its ESG (Environmental, Social, and Governance) plan.
- In November 2022, Arconic Corporation completed the sale of its Russian operations to Promyshlennye Investitsii LLC due to increasing uncertainty in light of the current geopolitical environment in Russia.
- In May 2022, Gestamp Hotstamping Japan announced a new plant building on its premises in Matsusaka. The expansion of the Matsusaka plant is scheduled to be operational by June 2023.
- In February 2022, American Axle & Manufacturing Holdings, Inc. invested USD 15 million in Autotech Ventures in a partnership providing access to new opportunities that complement AAM’s mission to develop and produce the industry’s most efficient and powerful electric drivelines.
- In January 2021, Interplex has acquired OCP Group, Inc (OCP), a custom connector and cable assembly design and manufacturer based in San Diego, California, US.
Gestamp Automoción, S.A. – Gestamp Automoción, S.A. (Spain) is one of the leading metal stamping company across the globe. The company provides body, external, and structural parts for vehicle bodies; suspension arms and axles; and body components, powered systems, and driver controls for mechanisms. The company has 100 production facilities and 13 R&D centers in 24 countries across North America, South America, Europe, Asia, and Africa.
Arconic Corporation (US) – Arconic Corporation (US) is the largest metal stamping company in US. Arconic Corporation manufactures aluminum sheets, plates, extrusions, and architectural products. The company offers products to various industries, such as automotive, aerospace, commercial transportation, industrial, packaging, building, and construction. The company is present in Canada, China, France, Germany, Hungary, the Netherlands, Spain, the UK, and the US.
American Axle & Manufacturing Holdings, Inc. – American Axle & Manufacturing Holdings, Inc. (US) manufactures, designs, and validates driveline systems and related components. The metal forming segment manufactures axle shafts, ring & pinion gears, differential gears, transmission gears, shafts, and suspension components for OEMs and tier 1 automotive suppliers. AAM’s global footprint includes over 80 locations across four continents (North America, South America, Asia, and Europe).
CIE Automotive S.A. – CIE Automotive S.A. (Spain) designs, manufactures, and sells automotive components and sub-assemblies for the global automotive market. It operates through seven segments: Metal Stamping & Tube Forming, Forging, Machining, Roof Systems, Plastic, Aluminum Die Casting, and Casting. The company has 112 manufacturing facilities and ten research centers in 109 locations across 16 countries. The company operates in North America, Brazil, Asia, Mahindra CIE Europe, and the Rest of Europe.
Interplex Holdings Pte. Ltd. – Interplex Holdings Pte. Ltd. (Singapore), specializes in precision engineering services. It offers solutions for developing and manufacturing complex mechanical and electromechanical components and assemblies. The company operates through three business segments: Mobility, General Industrial, and Medical & Life Science and Information & Communications Technology. Interplex has 25 manufacturing sites, two tech Innovation Centers, and six product development sites across 13 countries. In January 2022, Blackstone (US) acquired Interplex from Baring Private Equity Asia(“BPEA”) (Hong Kong).
The metal stamping market has been studied in Asia Pacific, North America, South America, Europe, and Middle East & Africa. Asia Pacific leads the overall metal stamping, followed by Europe. Rapid industrialization and the increasing number of end-use industries in the region will fuel the metal stamping market. The market in China is growing rapidly and is projected to witness high growth due to the demand from the medical and automotive industries. Manufacturers of metal stamping products are targeting this country due to the advantages of setting up production facilities, the low cost of production, and the ability to better serve the local emerging markets.
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