North America Metal Stamping Market - Global Drivers, Opportunities, Trends, and Forecasts to 2028
Market Introduction
North America Metal Stamping Market The integration of metal
stamping is increasing owing to the demand for economical and light weight
equipment, better fuel economy, and better comfort. At present, the automotive
industry is experiencing significant incorporation of various advanced technologies
in cars to improve the passengers' safety and efficiency. North America Metal
Stamping Market The metal stamping market is anticipated to grow at a moderate
pace during the forecast period due to growing preference for electric vehicles
(EVs), sports utility vehicles, and off-road vehicles. These metal stampings
parts help in manufacturing body panels to maintain safety standards and
control end-costs.
North America Metal Stamping Market Due to growing
investments to set up factories and expand production houses of the
automobiles, the demand for passenger vehicles and commercial vehicles is
increasing, which, in turn, is anticipated to generate an upward trend in the
metal stamping market during 2021–2028. Similarly, the commercial aircraft
industry is growing since the past few years. Several operators in this industry
are focusing on the development, manufacturing, and rebuilding of airplanes,
helicopters, aircraft engines as well as several other components for the
commercial sector.
📚 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝
𝐒𝐚𝐦𝐩𝐥𝐞
𝐏𝐃𝐅
𝐂𝐨𝐩𝐲@
https://www.businessmarketinsights.com/sample/TIPRE00020120
Market Overview and
Dynamics
The North America Metal Stamping Market was valued at US$
85.27 million in 2020 and is projected to reach US$ 107.35 million by 2028; it
is expected to grow at a CAGR of 3.2% from 2021 to 2028. The region is the
major producer of metals, such as steel, iron, and aluminum, which are the
primary metals used for metal stamping across different sectors. In the US, the
metal stamping is characterized under the metal fabrication industry, owing to
the presence of huge number of manufacturing sector. North America Metal
Stamping Market The metal fabricated products and solutions renovates metal
into end or intermediate products. North America Metal Stamping Market The
metal stamping manufacturers operate on metals and metal-formed products that
are fabricated in another place and are involved in the processes for
re-shaping individual metal pieces by forming, stamping, machining, bending,
forging, and joining separate parts with the help of different processes, such
as assembling and welding. Further, the rising production of commercial
vehicles and heavy trucks is anticipated to surge the growth of the metal
stamping market in the region. The presence of well-known vehicle
manufacturers, such as Ford, GM, and Chrysler, is one of the major driving
factors for the growth of the metal stamping market in the region.
North America Metal Stamping Market Electric vehicles (EVs)
have gained significant popularity in North America, especially in the US.
Canada has the second-largest count of electric vehicles (EVs) in the region,
which escalates year-on-year. The growing population in urban areas is
demanding increasing public transportation with the improvement in existing
transportation infrastructure. The OEMs in North America are focusing on
reducing their carbon footprint, thereby promoting electric vehicles,
specifically electric passenger cars. With the growing demand for automobiles,
the manufacturers of passenger cars and taxis are focusing on green
technologies. Several countries in the region are focused on building green transportation.
The governments of North American countries are taking several initiatives by
offering tax rebates and incentives to boost electric vehicles' adoption in
their public transport—such as e-trucks and e-buses—to reduce CO2 emissions.
BYD K9, Mercedes Benz electric truck, and Tata Starbus Hybrid e-buses are a few
of the electric vehicle models popular in the region.
North America Metal Stamping Market Further, the emergence
of next-generation stamping is gaining traction in the North American metal
stamping market. The next-generation metal stamping reduces the cost and time
of the process to produce metal and metallic parts. North America Metal
Stamping Market It also eliminates the process of designing dies, which are
considered one of the costly procedures, and assists in implementing
next-generation tooling simulation software to improve the tooling lineups
before cutting tools. The manufacturing of automotive parts such as headliners,
fenders, side and quarter panels, brake shoes, valves, exhausts, and hangers
have augmented the adoption of next-generation metal stamping technologies.
📚𝐅𝐮𝐥𝐥
𝐑𝐞𝐩𝐨𝐫𝐭
𝐋𝐢𝐧𝐤
@ https://www.businessmarketinsights.com/reports/north-america-metal-stamping-equipment-market
𝐓𝐡𝐞 𝐋𝐢𝐬𝐭
𝐨𝐟
𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬
ACRO Building Systems (ACRO Metal Stamping)
Clow Stamping Company
D&H Industries, Inc.
Goshen Stamping Company
Kenmode, Inc.
Integrity Manufacturing, Inc.
Manor Tool & Manufacturing Company
Caparo Group
Klesk Metal Stamping Co.
Tempco Manufacturing Company,
Inc North America Metal
Stamping Market
North America Metal Stamping Market The constant demand for
metal stamping has witnessed a slight decrease in the production in the year
2020, owing to lockdown imposed by the government and low demand from
automotive and electronics industries. This has hindered the growth of the
metal stamping market last year, as is likely to continue slightly during 2021.
North America Metal Stamping Market The COVID-19 has already impacted the sales
of electronics equipment and industrial machinery in the first quarter of 2020
and is expected to have a negative impact on the market growth throughout the
year, as now the companies are functional with limited workforce and trying to
come up with the losses, they faced in the year 2020.
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Business Market Insights is a market research platform that
provides subscription service for industry and company reports. Our research
team has extensive professional expertise in domains such as Electronics &
Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy
& Power; Healthcare; Manufacturing & Construction; Food &
Beverages; Chemicals & Materials; and Technology, Media, &
Telecommunications
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