The global metal stamping market size was US$ 195.1 billion in 2021. The global metal stamping market is forecast to grow to US$ 251.2 billion by 2030 by growing at a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2022 to 2030.

Metal stamping is the process of transforming flat metal sheets into specific shapes. The process encompasses various metal forming techniques, such as coining, blanking, bending, deep drawing, flanging, and embossing.

Factors Influencing the Market

The wide applications of metal stamping in automotive, industrial machinery, aerospace and aviation, telecommunications, electricals, medical industry, and consumer electronics are forecast to drive the market forward.

The growing number of partnerships and joint ventures are forecast to contribute to the growth of the market. For instance, American Axle and Manufacturing and Liuzhou Wuling Automobile Industry Co. Ltd. signed a joint venture, Liuzhou AAM Automotive Driveline System Co. Ltd., in China in April 2018 with the aim to manufacture axles and drive heads.

The growth of the metal stamping market is also attributed to the rising number of partnerships and launches. For instance, Weiss-Aug Co. Inc. began operations in Nuevo Leon, Mexico, in April 2018 in order to increase metal stamping capabilities. Moreover, Gestamp funded around US$ 38.67 million in February 2017 for the construction of a stamping plant in Pune, India.

The metal stamping market is forecast to gain traction, owing to the growing popularity of next-generation metal stamping. The next-generation metal stamping declines the time of operation and eliminates the high cost of processing. Moreover, this technology is considered efficient for managing work and attracting investors. For instance, Toyotetsu Canada (automotive part manufacturer) won around US$ 1.2 million in November 2017 in Ontario government grants through the Southwestern Ontario Development Fund (SWODF). Thus, such breakthrough technologies are forecast to boost the growth of the market.

COVID-19 Impact Analysis

The emergence of the COVID-19 pandemic has highly declined the growth potential of the metal stamping industry. The subsequent temporary lockdown measures in various countries hampered the manufacturing activities in the end-use industries. As a result, the demand for metal stamping fell drastically. In addition, the shortage of raw materials and supply chain disruptions highly impacted the global metal stamping market.

Regional Analysis

The Asia-Pacific metal stamping market is forecast to hold the highest market share, owing to the growing demand for automobiles and increasing defense expenditure. In addition, the growth of developing countries like China, India, Indonesia, Pakistan, and Bangladesh and high disposable income will surge the demand for consumer electronics. As a result, it will contribute to the growth of the market.

Growing industrialization and favorable policies towards boosting infrastructure development will escalate the growth of the global metal stamping market.

Competitors in the Market

Acro Metal Stamping
Manor Tool & Manufacturing Company
D&H Industries, Inc.
Kenmode, Inc.
Klesk Metal Stamping Co
Clow Stamping Company
Goshen Stamping Company
Tempco Manufacturing Company, Inc
Interplex Holdings Pte. Ltd.
CAPARO
Nissan Motor Co., Ltd
AAPICO Hitech Public Company Limited
Gestamp
Ford Motor Company
Other Prominent Players
Market Segmentation

By Process

Blanking
Embossing
Bending
Coining
Deep Drawing
Flanging
Others
By Material

Steel
Aluminum
Copper
Others
By Press Type

Mechanical Press
Hydraulic Press
Servo Press
By Application

Automotive
Industrial Machinery
Consumer Electronics
Aerospace and Aviation
Electricals and Other Electronics
Telecommunications
Medical Industry
Defense
Others
By Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America