Scope of the Study
The global metal stamping market is expected to grow at a sluggish pace during the forecast period, according to the AMA study. Increasiing demand for lightweight components in different industries such as automotive & aerospace along with technological advancements is expected to be one of the major factor aiding into the growth for the market. However, the market is expected to witness a decline in the growth during FY 2020 but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
The market study is being classified by Type (Progressive Die, Deep Drawn and Multi-Side), by Application (Vehicle Stamping, Job Stamping and Others) and major geographies with country level break-up.
Alcoa Inc. (United States), American Industrial Company (United States), American Axle (United States), D&H Industries (United States), Dongguan Fortuna Metal & Electronics Co., Ltd (China), Ford Motor Company (United States), General Motors (United States), Haitong Metals (China), Harvey Vogel Manufacturing Co. (United States), Hayes Lemmerz International (United States), Ken-tron Mfg., Inc. (United States), Magna International (Canada), Martinrea International Inc. (Canada), ThyssenKrupp AG (Germany), Toyota Motor Corporation (Japan) and Whirlpool Corporation (United States) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Metal Stamping market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Metal Stamping market by Type, Application and Region.
On the basis of geography, the market of Metal Stamping has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Demand for Lightweight Components in the Automotive Industry
- Increasing Technological Advancements in the Automotive & Aerospace Industry
- Increasing Automation Across Different Industry Verticals such as Adoption of Autonomous Industrial Machinery
- Opportunities in the Asia Pacific Region
- Industry 4.0 is Expected to Create Huge Opportunities During the Forecast Period
- Short-term Challenges due to Reduced Operations Across Different Industries & Economic Crisis caused by COVID-19 Pandemic Across the World
Stringent Government Regulations Regarding Lock-Down of Cities & Shutting Down of Operations Across Different Industries Across the World Due to the COVID-19 Pandemic is Impacting the Demand for Metal Stamping
Analyst CommentSince the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the metal stamping market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; shutting down of industrial operations; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase