Future Market Insights (FMI) published a recent report: “Metal Stamping Market: Global Industry Analysis and Opportunity Assessment 2015-2025.” According to the report, the global metal stamping market is expected to grow with a single digit compound annual growth rate (CAGR) during the forecast period, until 2025. Metals predominantly used in the global metal stamping market are stainless steel, aluminium, steel, brass and copper.
The increasing technological advancement and development in the automotive industry is the major driving force for this expected growth. However, the growing demand in consumer electronics, aerospace, electrical & electronics, engineering machinery, defence and telecommunications are some of the other driving factors.
The global metal stamping market in North America and Europe is anticipated to grow at a good pace due to the growing demand in the automotive industry. According to the report, some of the key players in the global metal stamping market include: American Industrial Company, Martinrea International Inc., Magna International Inc., Hayes Lemmerz International, Harvey Vogel Manufacturing Co., Haitong Metals, D&H Industries, Inc., Dongguan Fortuna Metal Stamping Company, ThyssenKrupp AG, Alcoa Inc. and American Axle & manufacturing, Inc.