Predictions for Future Automotive Metal Stamping

Metal stamping, often appropriately called precision metal stamping, is the process where sheet metal in the form of blanks, strips or coils is used on a stamping press and fed through a die to form a precision shape. The stamping press operation uses several processes to render quality finished products such as blanking, punching, embossing, coining, forming, and flanging.

Precision metal stamping is used to produce products for many companies because production is exacting, cost-effective, and can be done quickly and repetitively. Products are produced that are in common use every day such as appliance parts, automotive components, firearms, lighting, medical equipment, plumbing, and hardware, to name a few.

The Metal Stamping Market

The future of metal stamping is bright, expected globally to exceed nearly $303.67 billion by 2026, according to research by Acumen Research and Consulting, with a compound growth rate of over 4.3 percent. This growth is driven first, by the increasing use of sheet metal in many industries such as consumer electronics and automotive. Second, the number of metal fabricators in the Asia-Pacific region has grown and many of the companies in that region are investing significant funds into research to find even more ways to utilize metal stamping in their operations. And third, the recent decline in metal prices has created more opportunities to use metal stamping to produce affordable metal parts.

The Automotive Metal Stamping Market

The automotive metal stamping industry in the United States is estimated by IBISWorld to be $40 billion, involving 773 companies and over 115,000 employees. The industry continues to grow each year. The future of metal stamping is positive because the use of metal in the manufacture of automotive parts offers versatility, dependability, and affordability. Various metals allow manufacturers to produce high-quality parts with lower costs, thereby resulting in greater profits.

The industry manufactures many automotive parts and components including:

• Body panels and tops
• Chassis
• Vehicle bumpers, fenders, and hubcaps
• Moldings and trim pieces
• Engine and transmission components
• Brake components
• Windshield wiper arms and system components
• Brackets, clamps, and clips
• Interior and exterior lighting components

The strength, flexibility, and versatility of stamped metal parts allow all this production while enabling automotive manufacturers to meet safety standards, reduce vehicle weight, and reduce consumer costs. As well, precision-stamped metal parts contribute to the drive to improve fuel efficiency.

The public has evidenced a desire for vehicles that are safer and use less fuel, but which also maintain high expectations for size, performance, and comfort. The future of metal stamping positively delivers on all these expectations.

North America is the most significant producer of metals including aluminum, steel, and iron which are all used in the automotive industry. The growth in the production of passenger and heavy commercial trucks also influences the growth of the automotive industry. Clearly, the future of metal stamping is positive.

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Likewise, the penetration of additive fabrication and 3D printing will produce lucrative opportunities for the growth of the metal stamping market.

Metal Stamping Market Scenario

According to Data Bridge Market Research the market for metal stamping is expected to gain growth because of the rise in demand for metal stamping by industries such as electrical and electronics, aerospace, consumer electronics, telecommunication and engineering machinery. Also the rise in the usage in manufacturing of automobiles finding its utilization in brackets, hangers, bonnets, side panels and others is also expected to fuel the demand of the metal stamping market over the forecast period of 2021 to 2028. Whereas, the high growth in the utilization of other alternative processes in the production of heavy metals owing to their more flexibility and quality end product and emergence of alternates such as plastic or composites are expected to hinder the growth of the metal stamping market in the aforementioned forecast period.

Now the question is which are the other regions that metal stamping market is targeting? Data Bridge Market Research has estimated large growth in the Asia-Pacific due to increase in demand for consumer electronics, mobile phones and cars particularly in the developing countries.

For more analysis on the metal stamping market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-metal-stamping-market

Metal Stamping Market Scope           

Metal stamping market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

• All country based analysis of metal stamping market is further analyzed based on maximum granularity into further segmentation. On the basis of process, the metal stamping market is segmented into blanking, embossing, bending, coining, flanging and others. On the basis of application, the metal stamping market is segmented into automotive, industrial machinery, consumer electronics, aerospace, electrical and electronics, telecommunications and others.
• Metal stamping is the industrial procedure of providing three-dimensional shapes to sheet metals such as copper, aluminum, stainless steel and zinc with the help of machinery fitted with dies which are known as stamping presses.

To know more about the study, https://www.databridgemarketresearch.com/reports/global-metal-stamping-market

Key Pointers Covered in the Metal Stamping Market Industry Trends and Forecast to 2028