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.).
In November 2023, Generational Growth Capital (GGC), a private equity firm located in Milwaukee, US, acquired Federal Tool & Engineering in Wisconsin, BP Metals in Minnesota and Rockford Specialties based in Illinois for an undisclosed sum. All three are stamping specialists as well as structural steel manufacturers. This will give the new company many advantages, such as increased capacity to manufacture and support customers with disrupted deliveries through a robust logistic supply chain.
In October 2023, Ryerson bought Norlen Inc., a metal fabricator located in Wisconsin, US, for an unknown amount of money. The latter’s main customers include the agricultural and defense sectors.
In June 2023, General Motors announced plans to invest over USD 500 million into its Arlington assembly plant located in Texas, US, in order to make next-generation SUVs there.
In February 2023, Fischer Group announced that it had achieved another milestone concerning its partnership with TRUMPF by unveiling the TruLaser 8000 Coil Edition blanking machine at its Achern headquarters.
Accordingly, Hyundai Motor Corporation has announced that $300 million will be used to construct a new Savannah, Georgia-based metal stamping facility in February 2023 while making it their fifth Hyundai supplier investment within the region.
| 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.
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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.
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