The automotive metal stamping industry is expected to reach USD 133.57 billion by 2027 and is projected to grow at a CAGR of 5.01% in terms of revenue during the forecast period (2022-2027).
- Leading metal manufacturers, like Clow Stamping Company, D&H Industries Inc., Shiloh Industries Inc., PDQ Tool & Stamping Co., Magna International Inc., and Integrity Manufacturing, are the major automotive stamping companies that occupy the market
- The automobile regulatory framework in Europe and North America has been instrumental in creating a sustainable environment in the automobile industry.
Read our related report on: Die casting market
Elite Automotive Stamping Companies in League
- Shiloh Industries Inc.: In October 2021, Shiloh Industries Inc. acquired two manufacturing plants in Benteler's automotive stamping domain. Both the plants offer a comprehensive range of process and material capabilities for the manufacturing of diversified automotive chassis components and feature high-quality and modern hot-formed steel stamping and precision laser-cutting processes.
- Magna International Inc: In April 2021, Magna Cosma Casting announced its plan to invest USD 31.9 million into the expansion of its facility at Battle Creek for additional manufacturing space for stamping dies to produce lightweight vehicle components.
- Wisconsin Metal Parts Inc.: In March 2021, Wisconsin Metal Parts Inc. rebranded and changed its logo. The company also invested in the new technology in the CNC department for new capabilities and production speed.
Also, read our related report on the Automotive parts zinc die casting market
Propelling Factors behind the demand for Metal Stamping Products
- The increasing production and sales of passenger cars in several emerging economies, such as India, Thailand, Indonesia, Egypt, and other the Middle East & African countries, are anticipated to drive the metal stamping market during the forecast period.
- The demand for commercial vehicles is expected to increase in the forecast period owing to the several emission regulations across the globe. These regulations are to promote the use of zero emission vehicles which will air the automotive metal stamping market grow. With many government organizations across the world upgrading to all electric fleets, the demand for metal stamped automotive products in the commercial vehicle segment is expected to increase. For instance, the London Metropolitan Police and Fire Service have planned of having a fleet with zero emissions by 2030.
- OEM (Original Equipment manufacturers) partnerships have been on the rise, owing to the increased demand for metal stamping products by extrusions. For instance, In Nov 2021, Magna International partnered with Ford to supply battery enclosures to Ford’s F-150 Lightning, with aluminum extrusions and stampings assembled.
