North America Metal Stamping Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Process (Embossing, Bending, Blanking, Coining, Flanging, and Others) and Application (Automotive, Aerospace, Telecommunications, Electrical and electronics, Industrial machinery, and Others)
Market Introduction
The integration of metal stamping is increasing owing to the demand for economical and light weight equipment, better fuel economy, and better comfort. At present, the automotive industry is experiencing significant incorporation of various advanced technologies in cars to improve the passengers' safety and efficiency. The metal stamping market is anticipated to grow at a moderate pace during the forecast period due to growing preference for electric vehicles (EVs), sports utility vehicles, and off-road vehicles. These metal stampings parts help in manufacturing body panels to maintain safety standards and control end-costs.
Due to growing investments to set up factories and expand production houses of the automobiles, the demand for passenger vehicles and commercial vehicles is increasing, which, in turn, is anticipated to generate an upward trend in the metal stamping market during 2021–2028. Similarly, the commercial aircraft industry is growing since the past few years. Several operators in this industry are focusing on the development, manufacturing, and rebuilding of airplanes, helicopters, aircraft engines as well as several other components for the commercial sector.
Market Overview and Dynamics
The North America Metal Stamping Market was valued at US$ 85.27 million in 2020 and is projected to reach US$ 107.35 million by 2028; it is expected to grow at a CAGR of 3.2% from 2021 to 2028. The region is the major producer of metals, such as steel, iron, and aluminum, which are the primary metals used for metal stamping across different sectors. In the US, the metal stamping is characterized under the metal fabrication industry, owing to the presence of huge number of manufacturing sector. The metal fabricated products and solutions renovates metal into end or intermediate products. The metal stamping manufacturers operate on metals and metal-formed products that are fabricated in another place and are involved in the processes for re-shaping individual metal pieces by forming, stamping, machining, bending, forging, and joining separate parts with the help of different processes, such as assembling and welding. Further, the rising production of commercial vehicles and heavy trucks is anticipated to surge the growth of the metal stamping market in the region. The presence of well-known vehicle manufacturers, such as Ford, GM, and Chrysler, is one of the major driving factors for the growth of the metal stamping market in the region.
Electric vehicles (EVs) have gained significant popularity in North America, especially in the US. Canada has the second-largest count of electric vehicles (EVs) in the region, which escalates year-on-year. The growing population in urban areas is demanding increasing public transportation with the improvement in existing transportation infrastructure. The OEMs in North America are focusing on reducing their carbon footprint, thereby promoting electric vehicles, specifically electric passenger cars. With the growing demand for automobiles, the manufacturers of passenger cars and taxis are focusing on green technologies. Several countries in the region are focused on building green transportation. The governments of North American countries are taking several initiatives by offering tax rebates and incentives to boost electric vehicles' adoption in their public transport—such as e-trucks and e-buses—to reduce CO2 emissions. BYD K9, Mercedes Benz electric truck, and Tata Starbus Hybrid e-buses are a few of the electric vehicle models popular in the region.
Further, the emergence of next-generation stamping is gaining traction in the North American metal stamping market. The next-generation metal stamping reduces the cost and time of the process to produce metal and metallic parts. It also eliminates the process of designing dies, which are considered one of the costly procedures, and assists in implementing next-generation tooling simulation software to improve the tooling lineups before cutting tools. The manufacturing of automotive parts such as headliners, fenders, side and quarter panels, brake shoes, valves, exhausts, and hangers have augmented the adoption of next-generation metal stamping technologies.
The constant demand for metal stamping has witnessed a slight decrease in the production in the year 2020, owing to lockdown imposed by the government and low demand from automotive and electronics industries. This has hindered the growth of the metal stamping market last year, as is likely to continue slightly during 2021. The COVID-19 has already impacted the sales of electronics equipment and industrial machinery in the first quarter of 2020 and is expected to have a negative impact on the market growth throughout the year, as now the companies are functional with limited workforce and trying to come up with the losses, they faced in the year 2020.
Key Market Segments
Based on process, the North America metal stamping market is segmented into embossing, bending, blanking, coining, flanging, and others. Based on application, North America metal stamping market is segmented into automotive, aerospace, telecommunications, electrical and electronics, industrial machinery, and others.
Major Sources and Companies Listed
The top companies operating in the field of access control include ACRO Building Systems (ACRO Metal Stamping); Clow Stamping Company; D&H Industries, Inc.; Goshen Stamping Company; Kenmode, Inc.; Integrity Manufacturing, Inc.; Manor Tool & Manufacturing Company; Caparo Group; Klesk Metal Stamping Co.; and Tempco Manufacturing Company, Inc.; among others. Various other companies operating in the market and are coming up with new technologies and offerings, which is helping the market for access control to expand over the years in terms of revenue.
Reasons to buy report
- To understand the North America metal stamping market landscape and identify market segments that are most likely to guarantee a strong return
- To stay ahead of the race by comprehending the ever-changing competitive landscape for the North America metal stamping market
- To efficiently plan M&A and partnership deals in the North America metal stamping market by identifying market segments with the most promising probable sales
- To help take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments of the North America metal stamping market
- To obtain revenue forecast for market by various segments from 2020 to 2027 in North America
NORTH AMERICA METAL STAMPING MARKET SEGMENTATION
North America Metal Stamping Market– by Process
- Embossing
- Bending
- Blanking
- Coining
- Flanging
- Others
North America Metal Stamping Market– by Application
- Automotive
- Aerospace
- Telecommunications
- Electrical and electronics
- Industrial machinery
- Others
Company Profiles:
- ACRO Building Systems (ACRO Metal Stamping)
- Clow Stamping Company
- D&H Industries, Inc.
- Goshen Stamping Company
- Kenmode, Inc.
- Integrity Manufacturing, Inc.
- Manor Tool & Manufacturing Company
- Caparo Group
- Klesk Metal Stamping Co.
- Tempco Manufacturing Company, Inc.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Metal Stamping Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Metal Stamping Market – Key Market Dynamics
5.1 Drivers:
5.1.1 Increased Automotive Production Across the Region
5.1.2 Growing Requirement for Industrial Machineries Across Manufacturing Sector
5.2 Restraints:
5.2.1 Rising Adoption of Plastics and Composite Materials
5.3 Opportunity:
5.3.1 Growing Emphasis on Electrification of Vehicles
5.4 Trends:
5.4.1 Rising Trend of Next-Generation Metal Stamping
5.5 Impact Analysis of Drivers and Restraints
6. Metal Stamping – North America Market Analysis
6.1 Metal Stamping Market Overview
6.2 Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
6.3 Market Positioning – Market Players Ranking
7. Metal Stamping Market Analysis – By Process
7.1 Overview
7.2 Metal Stamping Market, By Process (2020 and 2028)
7.3 Embossing
7.3.1 Overview
7.3.2 Embossing: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
7.4 Bending
7.4.1 Overview
7.4.2 Bending: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
7.5 Blanking
7.5.1 Overview
7.5.2 Blanking: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
7.6 Coining
7.6.1 Overview
7.6.2 Coining: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
7.7 Flanging
7.7.1 Overview
7.7.2 Flanging: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
7.8 Others
7.8.1 Overview
7.8.2 Others: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
8. Metal Stamping Market Analysis – By Application
8.1 Overview
8.2 Metal Stamping Market, By Application (2020 and 2028)
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
8.4 Aerospace
8.4.1 Overview
8.4.2 Aerospace: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
8.5 Telecommunications
8.5.1 Overview
8.5.2 Telecommunications: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
8.6 Electrical and electronics
8.6.1 Overview
8.6.2 Electrical and electronics: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
8.7 Industrial machinery
8.7.1 Overview
8.7.2 Industrial machinery: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
8.8 Others
8.8.1 Overview
8.8.2 Others: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
9. Metal Stamping Market – Geographic Analysis
9.1 Overview
9.1.1 North America: Metal Stamping Market, by Key Country
9.1.1.1 US: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
9.1.1.1.1 US: Metal Stamping Market, by Process
9.1.1.1.2 US: Metal Stamping Market, by Application
9.1.1.2 Canada: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
9.1.1.2.1 Canada: Metal Stamping Market, by Process
9.1.1.2.2 Canada: Metal Stamping Market, by Application
9.1.1.3 Mexico: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
9.1.1.3.1 Mexico: Metal Stamping Market, by Process
9.1.1.3.2 Mexico: Metal Stamping Market, by Application
10. North America Metal Stamping Market - COVID-19 Impact Analysis
10.1 Overview
10.1.1 North America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. COMPANY PROFILES
12.1 ACRO Building Systems (ACRO Metal Stamping)
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Clow Stamping Company
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 D&H Industries, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Goshen Stamping Company
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Kenmode, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Integrity Manufacturing, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Manor Tool & Manufacturing Company
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Caparo Group
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Klesk Metal Stamping Co.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Tempco Manufacturing Company, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
Table 2. US: Metal Stamping Market, by Process –Revenue and Forecast to 2028 (US$ Billion)
Table 3. US: Metal Stamping Market, by Application –Revenue and Forecast to 2028 (US$ Billion)
Table 4. Canada: Metal Stamping Market, by Process –Revenue and Forecast to 2028 (US$ Billion)
Table 5. Canada: Metal Stamping Market, by Application –Revenue and Forecast to 2028 (US$ Billion)
Table 6. Mexico: Metal Stamping Market, by Process –Revenue and Forecast to 2028 (US$ Billion)
Table 7. Mexico: Metal Stamping Market, by Application –Revenue and Forecast to 2028 (US$ Billion)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. Metal Stamping Market Segmentation
Figure 2. Metal Stamping Market Segmentation – By Countries
Figure 3. North America Metal Stamping Market Overview
Figure 4. North America Metal Stamping Market – Process Analysis
Figure 5. North America Metal Stamping Market – Application Analysis
Figure 6. North America Metal Stamping Market – Countries Analysis
Figure 7. North America: PEST Analysis
Figure 8. Metal Stamping Market – Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Metal Stamping Market Impact Analysis of Drivers and Restraints
Figure 11. North America: Metal Stamping Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 12. Metal Stamping Market Revenue Share, by Process (2020 and 2028)
Figure 13. Embossing: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
Figure 14. Bending: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
Figure 15. Blanking: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
Figure 16. Coining: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
Figure 17. Flanging: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
Figure 18. Others: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
Figure 19. Metal Stamping Market Revenue Share, by Application (2020 and 2028)
Figure 20. Automotive: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
Figure 21. Aerospace: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
Figure 22. Telecommunications: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
Figure 23. Electrical and electronics: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
Figure 24. Industrial machinery: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
Figure 25. Others: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
Figure 26. North America: Metal Stamping Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. US: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
Figure 28. Canada: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
Figure 29. Mexico: Metal Stamping Market – Revenue, and Forecast to 2028 (US$ Billion)
Figure 30. Impact of COVID-19 Pandemic in North America Country Markets
The List Companies - North America Metal Stamping Market
- ACRO Building Systems (ACRO Metal Stamping)
- Clow Stamping Company
- D&H Industries, Inc.
- Goshen Stamping Company
- Kenmode, Inc.
- Integrity Manufacturing, Inc.
- Manor Tool & Manufacturing Company
- Caparo Group
- Klesk Metal Stamping Co.
- Tempco Manufacturing Company, Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Metal Stamping market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America Metal Stamping market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution