Metal Stamping Market Poised to Reach $257.1 Billion by 2028
The metal stamping market is projected to grow from USD 213.8 billion in 2023 to USD 257.1 billion by 2028, at a CAGR of 3.7% during the forecast period. Growing demand for high-quality, precision parts in end-use industries like automotive, industrial machinery, construction, electricals & electronics, aerospace, telecommunication and medical. The rising demand for precise, high-quality parts is an important driver in this market. One key factor is increased production efficiency. Metal stamping is a low-cost method of producing high-quality, precision parts in huge quantities. Metal stamping machines can now produce parts with extreme accuracy and precision, reducing the need for costly manual labor.
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Most manufacturers in this market are based in North America, Europe and Asia Pacific. Gestamp Automoción, S.A. (Spain), Arconic Corporation (US), American Axle & Manufacturing Holdings, Inc. (US), CIE Automotive S.A. (Spain), Interplex Holdings Pte. Ltd. (Singapore), AAPICO Hitech Public Company Limited (Thailand), Clow Stamping Company (US), Wiegel Tool Works, Inc. (US), Harvey Vogel Manufacturing Co. (US), ACRO Metal Stamping (US), Boker’s, Inc. (US), and Kenmode, Inc. (US) are among the leading players operating in the metal stamping market. These players have adopted various growth strategies to strengthen their position in the market. This include product launches, expansions and acquisitions, and new product development activities further to expand their presence in the metal stamping market.
Gestamp Automoción, S.A.
Gestamp Automoción, S.A. (Spain) is one of the leading metal stamping company across the globe. The company provides body, external, and structural parts for vehicle bodies; suspension arms and axles; and body components, powered systems, and driver controls for mechanisms. The company has 100 production facilities and 13 R&D centers in 24 countries across North America, South America, Europe, Asia, and Africa.
Arconic Corporation (US)
Arconic Corporation (US) is the largest metal stamping company in US. Arconic Corporation manufactures aluminum sheets, plates, extrusions, and architectural products. The company offers products to various industries, such as automotive, aerospace, commercial transportation, industrial, packaging, building, and construction. The company is present in Canada, China, France, Germany, Hungary, the Netherlands, Spain, the UK, and the US.
American Axle & Manufacturing Holdings, Inc.
American Axle & Manufacturing Holdings, Inc. (US) manufactures, designs, and validates driveline systems and related components. The metal forming segment manufactures axle shafts, ring & pinion gears, differential gears, transmission gears, shafts, and suspension components for OEMs and tier 1 automotive suppliers. AAM’s global footprint includes over 80 locations across four continents (North America, South America, Asia, and Europe).
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CIE Automotive S.A.
CIE Automotive S.A. (Spain) designs, manufactures, and sells automotive components and sub-assemblies for the global automotive market. It operates through seven segments: Metal Stamping & Tube Forming, Forging, Machining, Roof Systems, Plastic, Aluminum Die Casting, and Casting. The company has 112 manufacturing facilities and ten research centers in 109 locations across 16 countries. The company operates in North America, Brazil, Asia, Mahindra CIE Europe, and the Rest of Europe.
Interplex Holdings Pte. Ltd.
Interplex Holdings Pte. Ltd. (Singapore), specializes in precision engineering services. It offers solutions for developing and manufacturing complex mechanical and electromechanical components and assemblies. The company operates through three business segments: Mobility, General Industrial, and Medical & Life Science and Information & Communications Technology. Interplex has 25 manufacturing sites, two tech Innovation Centers, and six product development sites across 13 countries. In January 2022, Blackstone (US) acquired Interplex from Baring Private Equity Asia(“BPEA”) (Hong Kong).
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