The global metal stamping market size is expected to reach USD 316.72 billion by 2030, registering a CAGR of 4.2% over the forecast period, according to a new report by Grand View Research, Inc. The increasing production of automobiles is anticipated to drive the demand for metal stamping as it is used in the manufacturing of car body panels, transmission components, and interior and exterior structural components. Automobile consumers are shifting their focus towards lightweight vehicles on account of rising concerns about environmental pollution. According to LMC Automotive, U.S. light vehicles sales reached around 14.5 million in 2020 and are expected to reach nearly 15.8 million by 2022. The growing demand for lightweight vehicles is encouraging auto component manufacturers to increase their production capacities and engage in new product developments.
This, in turn, is anticipated to augment market growth over the coming years. Major automobile manufacturers that have in-house component manufacturing facilities are expanding their production capacities to meet the growing demand for automobiles. Moreover, the telecommunications industry is also projected to witness lucrative demand for stamped products owing to the growing investments in 5G technology. For instance, in November 2020, FAIST Precision Suzhou announced its investment in the installation of a new die casting machine, called the FRECH GDK3200T, which will be used to run 5G projects for mass production. In the Asia Pacific, increasing demand for consumer electronics, such as mobile phones, computers, laptops, and headphones, is likely to boost the demand for metal stamping as it is used in manufacturing metal frames, such as metal headbands, which are used in headphones.
Gather more insights about the market drivers, restrains and growth of the Metal Stamping Market
Metal Stamping Market Report Highlights
• Based on process, the blanking segment is anticipated to progress at a significant CAGR over the forecast period, owing to the increasing demand from the automotive industry on account of its precise and superior stamping ability.
• The bending segment accounted for a revenue share of over 16.0% in 2022. Products manufactured using this process ensure stability and durability, thus it is mostly used in auto components.
• Based on application, consumer electronics is projected to be the fastest-growing segment over the forecast period. The growth is attributed to the increasing utilization of lightweight metal components to improve the durability of electronics.
• Industrial machinery held the second-largest revenue share of the global market in 2023. The segment growth is attributable to the rising demand for machinery and automation to improve output efficiency.
• Asia Pacific held the largest revenue share of more than 36.0% in 2023 owing to increasing demand for cars and consumer electronics in the region
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• The global smart materials market size was valued at USD 72.36 billion in 2023 and is projected to grow at a CAGR of 8.0% from 2024 to 2030.
• The global green steel market size was estimated at USD 718.30 billion in 2024 and is projected to grow at a CAGR of 6.0% from 2025 to 2030.
Metal Stamping Market Segmentation
Grand View Research has segmented the global metal stamping market based on process, press type,thickness, application, and region:
Metal Stamping Process Outlook (Revenue, USD Million, 2018 - 2030)
• Blanking
• Embossing
• Bending
• Coining
• Flanging
• Others
Metal Stamping Press Type Outlook (Revenue, USD Million, 2018 - 2030)
• Mechanical Press
• Hydraulic Press
• Servo Press
• Others
Metal Stamping Thickness Outlook (Revenue, USD Million, 2018 - 2030)
• Less than & up to 2.5 mm
• More than 2.5 mm
Metal Stamping Application Outlook (Revenue, USD Million, 2018 - 2030)
• Automotive
• Industrial Machinery
• Consumer electronics
• Aerospace
• Electrical & Electronics
• Building & Construction
• Telecommunications
• Others
Metal Stamping Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
• Europe
o Germany
o U.K.
o Italy
• Asia Pacific
o China
o India
o Japan
• Central & South America
• Middle East & Africa
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