WILMINGTON, DELAWARE, February 14, 2024 /EINPresswire / -- An increasing demand for the metal sheets across consumer electronics and automotive industries can act as a major growth driver for the metal stamping market . In automotive industries, increasing demand for the corrosion resistive metal stamping in the production of light motor vehicles has a positive impact on the growth of the metal stamping market. An increasing demand for the smart phones has fueled the demand for metal stamping process in the electronics industry, as metal stamping is used in the manufacturing of mobile antennas, camera lens and other such features.

In Asia-Pacific region, China and India are the major consumers of e flat metal sheets, as there is a massive growth in the production of electronic parts and automobiles. The increasing production in the electric vehicles has created demand for the metal sheets, which in turn can boost the growth of the metal stamping market. Moreover, the government initiative for providing electric car subsidies to the manufacturers is likely to boost the growth of the metal stamping market. However, the substitute of metal like polymers and carbon fibers, can hamper the growth of metal stamping market. On the contrary, the increasing production of light motor vehicles in the automotive sector can provide new pathways to the metal stamping market.

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New Product Launches Flourish Market Growth:

The launch of new generation technologically advanced products can boost the growth of the market. In the past few years, many such products having unique features were launched in the market. In November 2018, Schuler, one of the leading metal stamping companies in Germany has launched a new product MC 125. This product offers smart functions to the medium and small sized companies (MSME).

The stamping press exerts a force of 500 tons, which is suitable for the production of desired shaped metal parts. These metal parts are not only used in automotive and electronics industries but also can be used in construction industry and home appliances.

Now a days there is a high demand for the metal stamping in the consumer electronics and automotive sector. The metal stamping is done using various techniques like progressive metal stamping, deep-draw metal stamping, four-slide metal stamping and short run metal stamping. The deep-draw metal stamping process is used in industries like electrical & electronics, aerospace, and others. In electrical & electronics, the metal stamping process is used in making the electrical relays.

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Key Segments:

By Type -
Mechanic
Hydraulic
Mechanical servo

By Application -
Mobile phones
Electrical relays
Utensils
Aircrafts
Automobile
Others

Top Players:
Klesk Metal Stamping, Inc., Brandauer, American Axle & Manufacturing., Nelson-Miller, Kenmode Precision Metal Stamping, Thyssenkrupp, Manor Tool and Manufacturing Company, Alcoa Corporation, Lindy Manufacturing Co., Acro Metal Stamping, D&H Industries, HTT Inc.

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