Automotive Metal Stamping Market is expected to grow USD 99,620 million at a CAGR 5.01% during the forecast period. Metal stamping is a process in which metals are punched to achieve the desired shape. The process is performed with the help of stamping dies. The Metals used in automotive metal stamping are aluminium, steel, brass, copper and stainless steel.
The growth of global automotive metal stamping market is expected to be driven by the booming automotive industry and the rapid increase in demand for smart automobiles. The increase in competition in the automotive industry is also leading to the rising demand of the metal stamping market. The process of metal stamping is applied in various stages of manufacturing in the automotive industry, such as panels, brackets, bonnets, roofs, hangers, and others, thus constantly inducing demand in the automotive metal stamping market. Increase in the use of metal sheet for the manufacturing of automobile chassis, transmission components, interior & exterior structural components, is projected to drive the growth of global automotive stamping market over the forecast period.
The metal stamping market in North America and Europe region is expected to grow, owing to the growing automotive industry in the region. The emerging trend of replacing the ferrous materials with the non-ferrous materials for reducing the weight of the machinery, is further driving the market in the region. North America region is also expected to grow further due to the existence of major players such as Kenmode Precision Metal Stamping, and Wisconsin Metal Parts, Inc. in the region.
The key players of Automotive metal stamping market are Aro Metal Stamping co. (U.S.), Kenmode Precision Metal Stamping (U.S.), Martinrea International Inc. (Canada), Shiloh Industries, Inc. (U.S.), Acro Metal Stamping Co. (U.S.), Manor Tool & Manufacturing Company (U.S.), American Industrial Company (U.S.), Wisconsin Metal Parts, Inc. (U.S.), and Clow Stamping Co. (U.S.).
Generation Growth Capital, a private equity firm headquartered in Milwaukee, has established a novel metal manufacturing infrastructure in the upper Midwest of the United States, consisting of three recently acquired fabrication companies, as of December 2023. American Consolidated Metals serves as the platform, which, according to GGC, embodies the organization's commitment to manufacturing excellence and investments in firms exhibiting substantial growth prospects. Through strategic investment in three manufacturers renowned for their extensive capabilities and varied clientele, the organization intends to construct a collaborative platform that serves as a comprehensive solution for original equipment manufacturers seeking to augment domestic supply. By utilizing shared resources, apparatus, and technology, this strategic alliance should increase capacity, market share, and efficiency. By relocating production to the locations where our clients are situated, we guarantee continuous product distribution and provide extensive engineering support. This strategic manoeuvre encompasses objectives beyond mere fulfilment of demand. It entails strengthening alliances, managing ambiguities, and providing exceptional performance in the critical areas—at the core of our clients' activities.
Pasternack, a leading provider of RF, microwave, and millimeter-wave products and a brand of Infinite Electronics, has introduced a new line of stamped metal antennas in January 2024. These antennas are designed for electronic solutions that place a premium on both efficiency and intelligent design. By utilizing sophisticated metal stamping techniques, the new assortment of antennas exemplifies the harmonious combination of small size and powerful wireless capabilities. They are appropriately integrated into the dynamic domains of the Internet of Things, automotive, and industry, in addition to consumer electronics. Businesses have the opportunity to incorporate these exceptionally efficient antennas into their devices via Pasternack. By integrating such components, the difficulties presented by cumbersome external antennas are eliminated, enabling the creation of more streamlined designs that do not sacrifice wireless capabilities. The utilization of these newly developed engraved metal antennas in devices ensures blazing-fast data transmission, constant real-time monitoring, and flawless communication.
| Report Attribute/Metric | Details |
| Market Size | 2030: USD 99,620 Million |
| CAGR | 2030: 5.01% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Historical Data | 2019 & 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Technology and Application |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Aro Metal Stamping co. (U.S.), Kenmode Precision Metal Stamping (U.S.), Martinrea International Inc. (Canada), Shiloh Industries, Inc. (U.S.), Acro Metal Stamping Co. (U.S.), Manor Tool & Manufacturing Company (U.S.), American Industrial Company (U.S.), Wisconsin Metal Parts, Inc. (U.S.), and Clow Stamping Co. (U.S.). |
| Key Market Opportunities | The booming automotive industry Rapid increase in demand for smart automobiles |
| Key Market Drivers | Increase in competition in the automotive industry |
Automotive Metal stamping Market Highlights:
Frequently Asked Questions (FAQ) :
The technology-wise segments considered in the report are Embossing, Blanking, Bending, Coining, Flanging, and others.
The main metals used in automotive metal stamping are steel, aluminum, copper, stainless steel and brass.
The market size by 2030 is going to be phenomenal, thanks to the overall booming automotive industry across the globe.
The market can achieve a strong growth rate in the coming years, backed by a number of favorable aspects like soaring demand for smart automobiles, and the intensifying competition between the companies.
Martinrea International Inc. (Canada), Aro Metal Stamping co. (U.S.), Kenmode Precision Metal Stamping (U.S.), Wisconsin Metal Parts, Inc. (U.S.), Acro Metal Stamping Co. (U.S.), Clow Stamping Co. (U.S.), Manor Tool & Manufacturing Company (U.S.), American Industrial Company (U.S.), Manor Tool & Manufacturing Company (U.S.), Shiloh Industries, Inc. (U.S.), are the top players in the market for automotive metal stamping.
Team Lead - Research With a technical background as bachelor's in mechanical engineering, with mba in operations management , swapnil has 6+ years of experience in market research, consulting and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the automotive/a&d domain. swapnil has worked on major projects in verticals such as aerospace & defense, automotive and many other domain projects. he has worked on projects for fortune 500 companies' syndicate and consulting projects along with several government projects.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
