North America Metal Stamping Market Growth and Analysis by 2028
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)
- Report Date : Apr 2021
- Report Code : TIPRE00020120
- Category : Manufacturing and Construction
- Status : Published
- Available Report Formats :
- No. of Pages : 112
The North America metal stamping market is expected to grow from US$ 85.27 billion in 2020 to US$ 107.35 billion by 2028; it is estimated to grow at a CAGR of 3.2% from 2021 to 2028.
The US, Canada, and Mexico are the major economies in North America. The manufacturing industry is witnessing a massive investment in various advanced industrial machinery. The US aerospace and defence, automotive sectors have been the major driving factors of the need for metal stamping industrial machinery, as the requirement for manufactured metal products is high in these industries. As the trend of Industry 4.0 has gained momentum throughout the manufacturing sector, it also affects the market of industrial machinery to become a part of the smart systems. Industry 4.0 can improve the use of industrial machinery in fabrication operations by cutting down on idle time. The trade deal between the US and China, which could significantly increase Chinese imports of US agricultural products, may increase agricultural equipment investment. The 2020 Capital Spending Survey projects next year's machine tool consumption to decline to US$ 6.993 billion by 5% compared to 2019. However, this level of buying industrial machinery is still above the historical average for buying an annual machine tool from the country. Further, the rising demand for industrial machinery across various industrial applications is expected to provide substantial market growth opportunities across developed economies in the coming years. Thus, during the forecast period, the manufacturing sector can deliver numerous profitable business opportunities for market players. The use of distributed fabrication enables manufacturers to reduce lead times and drastically save on freight costs.
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. Therefore, increasing production rate by the top companies such as Airbus and Boeing is expected to drive the demand for commercial aircraft, while boosting the growth of the metal stamping market across North America.
In the last few decades, telecom operators and Communication Service Providers (CSP’s) have experienced a significant change in number of end users and their varying demands. Value-added and data services have emerged as one the prime revenue sources in comparison to voice communication revenues. Also, growing demographics across the regions, and their dynamic demands for services have propelled the growth of telecom sector. Thus, the installation of new antenna and tower across the region for better connectivity is boosting the demand of metal stamping. The demand for metal stamping parts is increasing in the telecommunications industry as they enhance the durability of telecom products. The availability of advanced technology along with high demand for premium telecom products is anticipated to augment the growth of the market for metal stamping over the coming years.
The North America region especially the US witnessed an unprecedented rise in number of confirmed cases resulting in large-scale lockdown across different regions as well as industrial activities. As a result, several small & medium enterprise owners have limited their industry personnel whereas many other have laid off non-essential employees shortly owing to restricted business operation. In addition to this, the companies have minimized the allocated budget for manufacturing of metal stamping owing to economic slowdown, which affected the business activities. Thus, the market is expected to witness a major drop in the demand from the end users for the current year and the subsequent years to recover from the impact of COVID-19 pandemic.
North America Metal Stamping Market Revenue and Forecast to 2028 (US$ Bn)
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
North America Metal Stamping Market – by Country
- US
- Canada
- Mexico
North America Metal Stamping Market - Companies Mentioned
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Process and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Canada, Mexico, United States
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
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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
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- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
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- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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