Metal stamping market to surge by US$40.18B on APAC

The global metal stamping market size is estimated to grow by US$40.18 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.87% during the forecast period. The ornamental plant market experiences significant growth due to high profits from selling outdoor plants, particularly conifers like pine, cedar, and blue spruce. These plants yield gross profits of US$530, US$730, and US$920, respectively, with profit margins reaching 55%, 65%, and 72%. Other plants, such as chestnut, plum, and maple, also boast substantial profits. Meanwhile, the metal stamping market involves various industries like automotive, construction, and agricultural, utilising processes like bending, coining, and thickness reduction. Key players include ansys, gears, bearings, housings, brackets, and high-strength steel or aluminum. Technological advancements and automation drive market growth.

The metal stamping market in APAC is experiencing significant growth, driven by the end user concentration in the Automotive & Transportation segment. This sector includes Passenger Vehicles, Heavy Trucks, Buses, Coaches, and Aircraft parts. In the Automotive industry, MG Motor India's US$329.42 million investment in its Halol plant in Gujarat, India, underscores the expanding production capacity for aluminum hoods and other components using Blanking, Embossing, Bending, Coining, and Mechanical press processes. The industrial machinery segment, agricultural industry, telecommunications industry, defense industry, and other sectors also contribute to the market's growth. Technological advancements, such as Ansys simulations for EV components, automation, and the use of steel, stainless steel, and high-strength steel in manufacturing plants, further boost the steel stamping market. Key products include gears, bearings, housings, and brackets for various industries like construction, medical, electricals & electronics, and industrial machinery.