Stamped Metal Global Market Opportunities and Strategies to 2032

This report describes and explains the stamped metal market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.

The global stamped metal market reached a value of nearly $194.8 billion in 2022, having grown at a compound annual growth rate (CAGR) of 0.8% since 2017. The market is expected to grow from $194.8 billion in 2022 to $231.3 billion in 2027 at a rate of 3.5%. The market is then expected to grow at a CAGR of 3.9% from 2027 and reach $279.4 billion in 2032.

Growth in the historic period resulted from the increasing industrial manufacturing of metal components, strong economic growth in emerging markets, increased use of recycled metal, increasing government initiatives and increased healthcare expenditure.

Going forward, rapid industrialization, metal consumption by the aerospace sector, rise in urban populations and growth in the medical equipment industry will drive the growth. Factors that could hinder the growth of the stamped metal market in the future include skill shortages, fluctuation in raw material prices, presence of substitutes, the Russia-Ukrainian war and stringent government regulations.

The stamped metal market is segmented by press type into mechanical press, hydraulic press, servo press and other press. The mechanical press market was the largest segment of the stamped metal market segmented by press type, accounting for 52.9% of the total in 2022. Going forward, the servo press segment is expected to be the fastest growing segment in the stamped metal market segmented by press type, at a CAGR of 3.7% during 2022-2027.

The stamped metal market is segmented by application into automotive, industrial machinery, consumer electronics, aerospace and aviation, electrical and other electronics, telecommunications, medical industry, defense and other applications. The automotive market was the largest segment of the stamped metal market segmented by application, accounting for 30.5% of the total in 2022. Going forward, the industrial machinery segment is expected to be the fastest growing segment in the stamped metal market segmented by application, at a CAGR of 3.7% during 2022-2027.

The stamped metal market is segmented by material into steel, aluminum, copper and other materials. The steel market was the largest segment of the stamped metal market segmented by material, accounting for 82.5% of the total in 2022. Going forward, the aluminum segment is expected to be the fastest growing segment in the stamped metal market segmented by material, at a CAGR of 3.6% during 2022-2027.

The stamped metal market is segmented by process into blanking, embossing, bending, coining, deep drawing, flanging and other processes. The blanking market was the largest segment of the stamped metal market segmented by process, accounting for 31.1% of the total in 2022. Going forward, the blanking segment is expected to be the fastest growing segment in the stamped metal market segmented by process, at a CAGR of 3.7% during 2022-2027.

Asia Pacific was the largest region in the stamped metal market, accounting for 37.0% of the total in 2022. It was followed by Western Europe, and then the other regions. Going forward, the fastest-growing regions in the stamped metal market will be Asia Pacific and South America where growth will be at CAGRs of 3.8% and 3.6% respectively. These will be followed by Western Europe and North America where the markets are expected to grow at CAGRs of 3.4% and 3.4% respectively.

The stamped metal market is highly fragmented, with a large number of small players. The top ten competitors in the market made up to 1.20% of the total market in 2022. Gestamp Automoción, S.A was the largest competitor with 0.975% share of the market, followed by Shiloh Industries Inc with 0.147%, Clow Stamping Company Inc. with 0.019%, Kenmode Precision Metal Stamping with 0.011%, D&H Industries, Inc. with 0.010%, Sertec Group Ltd with 0.010%, Interplex Holdings Pte. Ltd. with 0.009%, Acro Metal Stamping with 0.008%, Harvey Vogel Manufacturing Co. with 0.007%, and Goshen Stamping Company with 0.007%.

The top opportunities in the stamped metal market segmented by press type will arise in the mechanical press segment, which will gain $18.8 billion of global annual sales by 2027. The top opportunities in the stamped metal market segmented by application will arise in the automotive segment, which will gain $11.4 billion of global annual sales by 2027. The top opportunities in the stamped metal market segmented by material will arise in the steel segment, which will gain $30.2 billion of global annual sales by 2027. The top opportunities in the stamped metal market segmented by process will arise in the blanking segment, which will gain $12.0 billion of global annual sales by 2027. The stamped metal market size will gain the most in China at $6.6 billion.

Market-trend-based strategies for the stamped metal market include focusing on technological advances for providing comparable or even superior products and technologies, considering strategic investments to expand and build new metal stamping facilities, focusing on partnerships and collaborations to expand product portfolio and geographic presence and improving research and development (R&D) activities for the development of new solutions for metal stamping.

Player-adopted strategies in the stamped metal market include enhancing operational capabilities through business expansions, strategic acquisitions and expanding production capabilities.

To take advantage of the opportunities, the recommends the stamped metal companies to focus on new technology development, focus on R&D facility expansion, expand in emerging markets, continue to focus on developed markets, strategic partnerships and collaborations, provide competitively priced offerings in low-income countries, participate in trade shows and events, continue to use B2B promotions and focus on fast-growing applications.