ID: MRFR/AM/1470-HCR | 100 Pages | Author: Swapnil Palwe | December 2023
Automotive Metal Stamping Market is expected to be valued at USD 99,620 Million with a CAGR of 5.01% Forecast by 2030
$99,620 Million
5.01%
North America
2022-2030
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.).
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 |
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.
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