The Stamped Metal Global Market Report 2023 by The Business Research Company, provides stamped metal market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Stamped Metal Global Market Report 2023, the market size will grow from $427.12 billion in 2022 to $465.75 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global stamped metal is expected to grow to $634.19 billion in 2027 at a CAGR of 8.0%.
An increase in demand for metal components in the aviation industry is projected to drive the stamped metal market. Aerospace manufacturers use stamped metal to meet the needs of many specifications. This technique allows manufacturers to create high-quality precision components that can comply with strict requirements.
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The stamped metal market is segmented:
1) By Process: Blanking, Embossing, Bending, Coining, Deep Drawing, Flanging, Other Processed
2) By Material: Steel, Aluminium, Copper, Other Materials
3) By Application: Automotive, Industrial Machinery, Consumer Electronics, Aerospace and Aviation, Electricals and Electronics, Telecommunications, Medical Devices, Defence, Other Applications
Automation in the stamped metal industry is a key trend driving the growth of the stamped metal market. Automation in the stamped metal industry increases production at lower rates by using advanced technology such as laser cutting, which allows extremely high accuracy and improved output speed. The use of robotics or automated systems for repeat activities decreases the necessary manpower in the stamped metal industry as the robots can perform a number of processes, such as bending and cutting. North America is expected to grow further in the automation of the stamped metal industry in 2022 due to the existence of major players such as Kenmode Precision Metal and Wisconsin Metal Parts in the region.
The stamped metal market report table of contents includes:
1. Executive Summary
2. Stamped Metal Market Characteristics
3. Stamped Metal Market Market – Macro Economic Scenario
4. Stamped Metal Market Size And Growth
5. Stamped Metal Market Segmentation
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26. Stamped Metal Market Competitive Landscape And Company Profiles
27. Key Mergers And Acquisitions In The Stamped Metal Market
28. Stamped Metal Market Trends And Strategies
29. Stamped Metal Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Alcoa, Inc
- Manor Tool & Manufacturing Company
- Acro Stamped Metal
- Kenmode Precision Stamped Metal
- Clow Stamping Company
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