Global Metal Stamping Industry Insights, 2016-2027 - Growing Automotive Industry, Declining Metal Prices
The global metal stamping market is anticipated to reach USD 273.7 billion by 2027, expanding at a CAGR of 2.8%.
- The global metal stamping market is anticipated to reach USD 273.7 billion by 2027, expanding at a CAGR of 2.8%.
- Major automobile manufacturers that have in-house component manufacturing facilities are expanding their production capacities to meet the growing demand for automobiles.
- For instance, in February 2019, Ford Motor Company announced to invest USD 1 billion in Chicago assembly and stamping plants.
- The market is highly competitive with the presence of local as well as global market players including Alcoa Corporation, Kenmode Precision Metal Stamping, Lindy Manufacturing Co., Acro Metal Stamping, Manor Tool and Manufacturing Company, D&H Industries, and Klesk Metal Stamping, Inc.