A three-pronged approach was followed for deducing the metal stamping market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:
Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for metal stamping market to gather the most reliable and current information possible.
Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of metal stamping market data depending on the type of information we’re trying to uncover in our research.
Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
Qualitative Functional Deployment (QFD) Modelling for market share assessment.
Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.
Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
This step also entails the finalization of the report scope and data representation pattern.
Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.
The metal stamping market was categorized into five segments, namely process (Blanking, Embossing, Bending, Coining, Flanging), press type (Mechanical Press, Hydraulic Press, Servo Press), thickness (Less than & up to 2.5 mm, More than 2.5 mm), application (Automotive, Industrial Machinery, Consumer electronics, Aerospace, Electrical & Electronics, Building & Construction, Telecommunications), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).
The metal stamping market was segmented into process, press type, thickness, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:
Demand estimation of each product across countries/regions summed up to from the total market.
Variable analysis for demand forecast.
Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
Primary interviews for data revalidation and insight collection.
Used extensively for new product forecasting or analyzing penetration levels.
Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
Primary interviews and vendor-based primary research for variable impact analysis.
The metal stamping market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into seven countries, namely, the U.S., Germany, the UK, Italy, China, India, Japan.
All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.
The metal stamping market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:
Gestamp: Gestamp was founded in 1997 as a spin-off of Gonvarri and is headquartered in Madrid, Spain. It is an international group dedicated to the design, development, and manufacturing of metal automotive components, with special emphasis on developing innovatively designed products to achieve increasingly safer and lighter vehicles, thereby reducing energy consumption and environmental impact. The group has numerous subsidiaries and all of them are dedicated to the development and manufacturing of metal components for the automotive industry through stamping, assembly, welding, tailor-welded blanks, and construction of tools, and machinery. It has service companies as well, which are engaged in the R&D of innovative technologies.
Interplex Holdings Pte. Ltd: Interplex. is headquartered in Singapore. The group has several subsidiaries such as AE Technology Sdn Bhd., AE Rubber Sdn Bhd, Interplex Hungary KFT, Lian Jun Industrial PTE Ltd., and Amtek International Pte Ltd., among others. The group’s multi-technology expertise enables it to provide top-notch customized solutions across a wide range of applications. It offers various solutions in power & signals, connectors, high-precision engineering, interconnect technology, and mechanical. Its products and solutions are catered to various markets including automotive, datacom, telecom, industrial & infrastructure, medical & life sciences, and aerospace. The group’s global footprint is flanked by 2 power teams, Interplex Product Development (IPD) and Interplex Tech Innovation Centers (TICs). The group has numerous quality registrations, including ISO 9001, IATF 16949, ISO 14001, ISO 13485 certifications, and FDA registration in Design Control. The group has its presence across 14 countries with 6 development sites, 10 R&D centers, 29 manufacturing sites, with around 13,000 employees, and provides over 39,000 products.
Kenmode, Inc.: Kenmode Inc. was founded in 1960 and is headquartered in Illinois, U.S. The company is engaged in manufacturing custom metal stampings and assemblies for automotive, electronics, medical devices, and insert molding industries. The metal stamping products offered by the company are manufactured using various materials such as stainless steel, aluminum-clad copper, aluminum, titanium, noble metals, Mylar, and other ferrous & non-ferrous metals. It also provides comprehensive metal stamping services such as 3D tool design, in-house tool building, precision metal stamping, 3D high-speed hard milling, and EDM machining. The company offers insulin pumps, implantable devices, and surgical devices including endoscopic, laparoscopic, and micro-miniature parts for the medical sector.
AAPICO Hitech Public Company Limited: AAPICO Hitech was established in 1996 and is headquartered in Ayutthaya, Thailand. It was listed on The Stock Exchange of Thailand in 2002. The company’s main businesses are OEM auto parts manufacturing, car dealerships, and IoT connectivity and mobility. OEM auto parts manufacturing is further segmented into stamped or pressed parts, forged & machined parts, and plastic parts & plastic fuel tanks. The company has numerous subsidiaries engaged in various operations. Its subsidiaries such as AAPICO Hitech PLC, AAPICO Mitsuike (Thailand) Co., Ltd., AAPICO Amata Co., Ltd., Sumino AAPICO (Thailand) Co., Ltd., and AAPICO Hitech Parts Co., Ltd. provide metal stamping parts. The company’s other subsidiaries including AAPICO Hitech Tooling Co., Ltd. provide stamping die and AAPICO Lemtech (Thailand) Co., Ltd. provides stamping parts for automotive and electronic components.
Acro Metal Stamping: The company was founded in 1936 and incorporated in 1942. The company is headquartered in Wisconsin, U.S. It is engaged in metal stamping and specializes in producing progressive and compound dies. The company provides metal stamping sheets made of various materials including copper, plastic, and brass; deep-drawn enclosures & cans made from a variety of materials including steel, aluminum, brass, nickel alloys, copper, and stainless steel; electrical components; and washers. It also offers engineering design solutions for dies and individual parts and tight tolerance medium- and small-size parts such as shims & washers, connectors, and electrical components.
CAPARO: The group is mainly engaged in the designing, manufacturing, marketing, and distribution of value-added steel and niche emerging products. The group operates in North America, the UK, the Middle East, and India with its various subsidiaries such as Bull Moose Engineering Livonia, Caparo Engineering India Ltd – Chennai, and Caparo Middle East, among others. Caparo India, the Indian business arm of Caparo Group, began its operations in 1994, as a joint venture with India's largest car manufacturer- Maruti Suzuki India < Back to Table of Contents Metal Stamping Market Analysis, 2023 ©Grand View Research, Inc., USA. All Rights Reserved 104 Limited. Caparo India leverages its exhaustive capabilities in metal stamping, fastening, tubing, forging, fabrication, and aluminum foundry businesses.
Clow Stamping Company: The company was established in 1970 and is headquartered at Merrifield, Minnesota, U.S. The precision stamping and fabrication company is engaged in the fabricating and stamping of metal components for the hydraulic, commercial refrigeration, exercise equipment, light & heavy equipment, and recreational, and agriculture industries. It also offers other services, including weldments, fabrication, assemblies, hardware attachment, parts washing, special packaging, and value-added machining, to its customers. The company serves its products to various industries including agricultural, recreational, light & heavy equipment, exercise equipment, commercial refrigeration, hydraulic, and automotive, among others.
Goshen Stamping Company: The company was incorporated in 1923 and is headquartered in Goshen, Indiana, U.S. The company is a renowned manufacturer and supplier of metal stampings with ISO 9001 standards. It specializes in producing high volumes with a combination of medium to high-speed presses with progressive dies. The company operates 36 presses ranging from 30-ton OBIs up to 400-ton SSDC. Its press bed sizes are up to 84" x 48" with stroke ranges from 2" to 8" for stamping. It offers a wide range of stampings in various materials such as carbon-based steel, stainless steel, aluminum, or other metals
D&H Industries, Inc.: The company specializes in deep-drawn stampings, progressive stampings, robotic welded assemblies including resistance & MIG/TIG welding, and value-added assemblies. The company also offers various kinds of simple components including metal stamping, deep-drawn parts, welded fabrication, and lasered components. Its metal stamping products are made from stainless steel, cold-rolled steel, draw-quality steel, aluminum, copper, brass, and other high-strength materials. The company offers aluminum magazines for the M-16/AR-15 platform for the U.S. and allied governments. Its products are catered to various industries including agriculture, alternative energy, automotive, defense, engine components, furniture, heavy equipment, lawn & garden, marine, material handling, power transmission, railroad, and transportation.
Ford Motor Company: The company, founded on June 16, 1903, and headquartered in Michigan, U.S., is a world-leading automaker. The group operates through three segments, namely automotive, mobility, and Ford credit. Automotive – The segment includes the sale of Ford and Lincoln vehicles, service parts, and accessories, along with the associated costs to develop, manufacture, distribute, and service vehicles, parts, and accessories. In addition, it includes revenues and costs related to the company’s electrification vehicle programs. Mobility – The segment includes development costs related to autonomous vehicles and investments in mobility through Ford Smart Mobility Ford Credit Segment – The segment includes Ford Credit Business, which includes primarily vehicle-related financing and leasing activities. The group has manufacturing and assembly facilities, distribution centers, warehouses, sales or administrative offices, and engineering centers. Its facilities are situated in various parts of the U.S. including assembly plants, engine plants, casting, metal stamping plants, transmission plants, and other component plants. The group has eight stamping plants of which six are in the U.S. and the remaining two are located each in Argentina and Australia. For the automotive industry, the company provides precision metal stamping products for brake components, hose clamps, engine components, brackets, safety-related devices & seat belts, retainer clips, interior & exterior lighting components, windshield wiper arms & system components, and transmission components. The company also offers metal stamping products for various electronic applications such as data communications, computers, terminals, and keyboards, besides catering to consumer goods & appliances and telecommunication sectors.
Supply Side Estimates
Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
Segment revenue determination via variable analysis and penetration modeling.
Competitive benchmarking to identify market leaders and their collective revenue shares.
Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.
Demand side estimates
Identifying parent markets and ancillary markets
Segment penetration analysis to obtain pertinent
Heuristic forecasting with the help of subject matter experts
Forecasting via variable analysis
Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.
The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
All market estimates and forecasts have been validated through primary interviews with the key industry participants.
Inflation has not been accounted for to estimate and forecast the market.
Numbers may not add up due to rounding off.
Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
Latin America includes Central American countries and the South American continent
Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.
GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.
We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:
Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.
The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.
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