Metal Stampings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Metal Stampings Market – Introduction
Metal stampings are manufactured through metal stamping process in which flat metal sheets are pressed between dies to form different shapes of metal stampings. Demand for metal stampings remains highly consolidated in automotive and consumer electronics industries wherein metal stampings are used in transmission components, different automotive chassis and external & interior components of electronics.
The metal stamping process includes several techniques such as punching, bending, piercing and blanking. Metal stampings of several metals can be found in the market such as stainless steel, aluminium, brass, nickel, fine silver, pewter and gold. For this, the industry show traditional dependency on the supply of different metals and cost fluctuations of these metals significantly impact prices of metal stampings.
Led by increased demand for metal stampings, manufacturing process of metal stampings has integrated technological innovations to meet the increased demand. The advanced manufacturing processes also aid in achieving regulatory and safety standards, waste disposal and sustainability standards and ultimately improving working conditions.
Metal Stampings Market – Notable Developments
Metal Stampings Market Dynamics
Automotive Industry Presents Significant Demand for Metal Stampings
Automotive industry is highly dependent on different metal structural components as they play essential role in the development of automobiles. Key components that utilize metal stampings are automotive chassis, transmission parts, engine and different exterior structural parts.
Production of automobiles continues to surge with rising demand for lighter and fuel-efficient vehicles. Also, increasing production of autonomous vehicles is promoting engine downsizing which in turn is creating opportunities for metal stamping manufacturers to develop new designs.
Metal Stampings Marketplace Remains Highly Competitive
The metal stampings marketplace has presence of a considerable number of domestic as well as international players. To win over market competition, companies are engaged in delivering advanced services and product customization. In particular, domestic players are actively engaged in providing personalized services to automotive OEMs. The customization service delivery includes products that are standardized as per regulatory requirements.
Significant Bulk of Metal Stampings Manufactured through Blanking Process
Blanking process involves cutting a rough shape or outline of the metal. While this is a high utilized process in metal stamping, application in the manufacturing chain of automobiles. The blanking process in metal stampings delivers superior and precise quality of stamping, thereby garnering greater revenues in the metal stamping market. In addition, superiority of this process in the delivery of mass production also complements higher demand for metal stampings in the automotive industry.
Metal Stampings Market – Regional Outlook
Developing countries with a buoyant auto parts industry continue to present lucrative opportunities for metal stampings. Along the same lines, Asia Pacific region presents gainful opportunities for the metal stampings market. Markets in India and China are expected to grow at a faster pace against the backdrop of rapid industrialization and ongoing infrastructure development. While North America continues to present significant demand for metal stampings, developing economies are expected to emerge rapidly in the coming years.
Metal Stampings Market – Segmentation
Segmentation of the metal stampings market is as following-
Based on process, the metal stampings market is segmented into,
Based on application, the metal stampings market is segmented into,
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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