Surging Automotive Needs Push Metal Stamping to New Heights, says Market.us

Stamping, also known as pressing, is the act of placing flat sheet metal in either a coil or blank form into a stamping machine, a tool surface, and a die surface from the metal into a net shape. 

There are many sheet-metal manufacturing processes that can be used to stamp metal, including blanking, embossing or stamping presses, bending, flanging and coining. 

Metal frames are used in smartphones, headsets, speakers, gamepads, and controllers. This will continue to be a major driver for the consumer electronics market. 

Metal stamping is used to make antennas, chassis, and camera lens holders for mobile phones. It offers high tolerance, corrosion resistance, and electrical conductivity, and a smooth finish.

According to research by Market.us, “The market for Metal Stamping in the world was USD 215.69 billion in 2022. It is expected to reach USD 341.43 billion by 2032. This projection represents a 4.7% increase in CAGR over the 2022-2032 period.”

Gaurav Yadav, a senior research analyst at Market.us, said, “Metal stamping is expected to grow due to the increasing demand from the automotive sector. With its high involvement in global value chain networks, the automotive sector is one major economic driver. The government has provided significant support to this sector, which has enabled it to expand and create a unique route among the manufacturing industries.”

This growth increases the production of automotive components and metal stamping equipment as well as tools for automotive manufacturing. 

The global metal stamping market is witnessing tremendous opportunities in emerging countries like China, India, and Brazil. This is due to rapid growth in many end-user industries, such as aerospace, aviation, automotive, consumer electronics, and electrical. 

Many metal stamping equipment and services providers have strategically invested in these countries to expand and build new metal stamping plants.

Metal stamping market growth is expected to be stimulated by the increasing adoption of bending processes in different industry verticals. This helps to increase the stability, durability, and quality of manufactured parts. 

The aerospace industry will provide lucrative growth opportunities for the metal stamping market. With increasing safety and demand for high-quality components, as well as the use of lightweight and versatile components to maintain low fuel costs and aircraft weights, metal stamping demand will increase.

The global metal stamping market is witnessing the rise of next-generation stamping. Next-generation metal stamping cuts down on the time and costs required to produce metal parts. This software helped eliminate the need to design dies, which can be costly. 

It also enabled the development of next-generation tooling simulator software to help improve tooling lineups before cutting the tools. Next-generation metal stamping technologies have been adopted in more automotive parts, such as fenders and headliners, quarter panels, side, and rear panels, brake shoes, and valves, as well as hangers.

The global metal stamping market is facing challenges due to the increased use of other processes, such as casting and forging, during the formation process of metal. This factor restrains the market growth.

Technological advances are a major trend in metal stamping’s popularity. To strengthen their market position, major companies in the metal stamping industry are focused on offering technologically advanced solutions. 

Companies are using next-generation metal stamping technology in their products and related services. This includes robotics, automation and optics, 3D visual systems, precision detection, and information network management. A robot-based solution for press automation was launched by a Swiss automation company in October 2020.