Metal Stamping Market Growth by Manufacturers | D&H Industries, ThyssenKrupp AG, Alcoa Inc, American Industrial Company - Digital Journal

2022-05-14 18:49:48 By : Mr. Super technics

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The metal stamping industry has been significantly influenced by consumption patterns across sectors such as automotive, telecommunications, and consumer appliances. In addition, the shifting trend of substituting metals with composites and polymers for decreasing the weight of vehicles resulted in increased fuel efficiency and is likely to hamper the growth of the metal stamping market.

The increasing use of sheet metal in the consumer electronics and automotive industries is likely to boost the metal stamping market’s growth. Low raw material prices have been seen in conjunction with the use of lightweight corrosion-resistant metal stamping to improve the durability of electrical and electronic equipment.

Since the recent past, technologically enhanced metal stamping has seen significant use across commercial industries. Due to escalating regulatory rules, key players and manufacturers in the metal stamping market are putting in significant effort to establish sustainable stamping strategies.

The metal stamping market is expected to increase due to the growing popularity of the bending process in many industrial verticals to improve the stability, durability, and quality of manufactured products. In the near future, the aerospace industry is projected to provide lucrative growth possibilities for the metal stamping market. With an increased focus on safety, requirement for meeting high quality standards, and the usage of adaptable and lightweight components to maintain low fuel costs and aircraft weight, metal stamping demand is predicted to rise.

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The rising competition in the automotive industry has led to the growth in demand for the global metal stamping market. In the global metal stamping market, the desired shape of the metal is achieved by pressing or punching process with the help of stamping dies. The process of punching or the application of pressure can be done either manually or mechanically as per the requirement. Metals predominantly used in the global metal stamping market are aluminum, steel, brass, copper, and stainless steel. The global metal stamping market is expected to grow with a single-digit compound annual growth rate during the forecast period.

Metal Stamping Market: Region-wise Outlook

The global metal stamping market in North America and Europe is anticipated to grow at a good pace due to the growing demand in the automotive industry. The global metal stamping market is estimated to grow with a single-digit CAGR in North America during the forecast period. The industry is replacing ferrous materials with non-ferrous materials to reduce vehicle weight. In the developing regions, Asia and Latin America are expected to be the prospective market due to the expansion of capacity utilization and also the growing trend of outsourcing.

The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Some of the few key players in the global metal stamping market are American Industrial Company, Martinrea International Inc., Magna International Inc., Hayes Lemmerz International, Harvey Vogel Manufacturing Co., Haitong Metals, D&H Industries, Inc., Dongguan Fortuna Metal Stamping Company, ThyssenKrupp AG, Alcoa Inc. and American Axle & Manufacturing, Inc.

Some of the key vendors in the global metal stamping market are Fiat Chrysler Automobiles, Toyota Motor Corporation, Ford Motor Company, General Motors, BMW AG, Whirlpool, and Boeing.

Based on product type, the global metal stamping market can be segmented into the following segments:

Based on end-users, the global metal stamping market can be segmented into:

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The post Metal Stamping Market Growth by Manufacturers | D&H Industries, ThyssenKrupp AG, Alcoa Inc, American Industrial Company appeared first on Future Market Insights.

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