Technavio, a tech-focused market research firm, has published a new report on the global metal stamping market, which is expected to grow at a CAGR of close to 5% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global metal stamping market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Top three contributors for the global metal stamping market are elaborated below:
Metal stamping market in APAC: The high demand for metal stamping in the APAC region is attributable to its flourishing automotive industry. China’s position as one of the largest automotive hubs in the world and its growing aftermarket spare and parts segment is one of the key sources of revenue generation in the metal stamping market in APAC. Apart from China, India is the other key revenue contributing country in the market in this region.
According to Anju Ajaykumar, a lead analyst at Technavio, specializing in research on tools and components, “During 2015, China signed its biggest defense deal ever with any foreign country, under which it decided to sell eight submarines to Pakistan. The growth in the major end-user segments, such as defense, is likely to add to the demand for metal stamping market over the next four years.”
Metal stamping market in Americas: Being the most industrialized country in North America, the US accounts for the major share of the metal stamping market in the Americas. The growth of the market in the US is driven by the country’s flourishing automobile, aerospace, and metal fabrication industries. Other industries such as the heavy machinery and electrical equipment are also steadily growing due to the increased production of shale gas and other associated facilities and are expected to translate to the growth of the metal stamping market in the Americas by 2021.
Metal stamping market in EMEA: The UK, Italy, and Germany account for a majority of the demand for metal stamp in EMEA. The increased demand for metal stamping in these countries is fueled by the presence of multinational automobile giants and the aerospace companies in the region. Technavio’s industry analysts identify the automobile and aerospace industries as the key end-user segments of the metal stamping market in EMEA.
The leading vendors operating in the global metal stamping market are:
- Alcoa
- American Axle & Manufacturing
- Magna
- thyssenkrupp
Other prominent vendors in the market include American Industrial Company, AACOA, ArtiFlex Manufacturing, ARO Metal Stamping, Acro Metal Stamping, Clow Stamping Company, Caparo, D&H Industries, Dongguan Fortuna Metals, Goshen Stamping, Harvey Vogel Manufacturing, Interplex Holdings, Kenmode Precision Metal Stamping, Klesk Metal Stamping, Lindy Manufacturing, Martinrea International, MAXION Wheels, Manor Tool & Manufacturing, Shiloh Industries, The Armor, Tempco Manufacturing Company, and Wisconsin Metal Parts.
A more detailed analysis is available in the Technavio report titled, ‘Global Metal Stamping Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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