Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Metal Stamping Market (By Process: Blanking, Embossing, Bending, Coining, Flanging, Others; By Material: Steel, Aluminum, Copper; By Application: Automotive, Industrial Machinery, Consumer Electronics, Aerospace, Electrical & Electronics, Telecommunications, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026”.
LOS ANGELES, April 10, 2019 (GLOBE NEWSWIRE) -- The global market size of metal stamping was value at 225.10 billion at 2018 and is expected to reach 303.67 billion by the end of year 2026. The market is estimated to grow at a CAGR of 4.37% over the forecast period.
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Expanding utilization of sheet metal crosswise over buyer automotive and electronics sectors are projected to emphatically affect the growth of the metal stamping market. Low crude material costs have been seen to compliment utilization of light-weight consumption resistive metal stamping for improving the soundness of electrical and electronic and consumer electronics goods. Mechanically propelled metal stamping has been observing expanded usage across other commercial sectors since the ongoing past. Key players and producers in metal stamping market are taking enormous efforts in creating maintainability systems with respect to stamping inferable from rising administrative approaches.
Metal stamping market has been fundamentally impacted by the utilization designs crosswise over segments, for instance, media communications, consumer goods, automotive, etc. Also, the moving pattern of substituting metals with composites and polymers for diminishing load of vehicles brought about expanded eco-friendliness and is probably going to hamper the development of metal stamping market.
The global metal stamping market is divided into process, material, application, and region. On the basis of process segment, the worldwide metal stamping market is divided into blanking, embossing, bending, coining, flanging, and others. On the basis of material, the worldwide metal stamping market is segmented into steel, aluminum, and copper. On the basis of application, the worldwide metal stamping market is segmented into automotive, industrial machinery, consumer electronics, aerospace, electrical & electronics, telecommunications, and others. Based on the region, the worldwide metal stamping market is divided into North America, Latin America, Europe, Middle East and Africa, and the Asia Pacific.
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Based on the process, blanking segment captured the biggest revenue share of the worldwide metal stamping market in 2018. On the other hand, metal bending market is estimated to grow at the quickest CAGR during the expected time frame, attributable to increasing adoption of bending procedure across numerous industry verticals for improving the quality, strength, and steadiness of produced parts. In addition, deep drawing stamping market is additionally expected to observe huge growth through 2025, as the selection of the process for the generation of the complex component across different enterprises is expanding with rising complex nature in the item design, structure, technical progressions, and item advancements.
Based on application, metal stamping market for automobile application captured the biggest revenue share of worldwide market in 2018 with growing and huge vehicle production in some emerging economies, particularly India, China etc., innovative advancements in automotive sector, and presence of substantial number of car metal stamping organizations, for instance, Kenmode Precision Metal Stamping, Aro Metal Stamping Company, Inc., American Axle and Manufacturing Holdings, Inc., among others. Nonetheless, the utilization of metal stamping for aviation and aerospace industry is estimated to observe huge growth owing to the developing focus on the need to satisfy stringent quality guidelines, safety, and rising usage of lightweight and flexible parts to keep fuel costs and light weight of aircrafts.
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Manufacturers of the automobile in the Asia Pacific region are focusing on the growth of their production limits. Government strategies with respect to venture progression are anticipated to have a great effect on the region's automotive sector. Standards and policies to help encourage the presence of key players in India and China are additionally helping the regional market growth.
Metal stamping market in North America and Europe regions is foreseen to develop at a decent pace because of the developing demand in the automotive sector. The worldwide metal stamping market is assessed to develop with a significant CAGR in the North America market over the forecasted time period. This sector is supplanting ferrous materials with non-ferrous materials so as to lessen the vehicle weight. In the creating regions, Asia and Latin America markets are projected to be the emerging market because of the extension of capacity utilization.
Major companies contributing the global metal stamping market are Alcoa, Inc.; Manor Tool & Manufacturing Company; Acro Metal Stamping; D&H Industries; Klesk Metal Stamping, Inc.; Kenmode Precision Metal Stamping; Clow Stamping Company, Inc.; Lindy Manufacturing Co.; and Aro Metal Stamping Company, Inc.
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