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Metal Stamping Market Expected to Grow by 4.2% CAGR Through 2032

January 17, 2024

Metal-Stamping-Market-Forecast-Precedence-ResearchThe global metal stamping market, valued at $207.4 billion in 2023, is estimated to surpass $263.18 billion by 2029 and reach $300.34 billion by 2032, registering a CAGR of 4.20% through this period, according to Precedence Research, a market-research provider. The chief market driver: the automobile industry's increasing use of lightweight materials.

The Asia-Pacific region represented the highest market share, 36%, in 2022, fueled by rapidly expanding economies. And, blanking, steel stamping, mechanical presses and automotive segments are expected to dominate market share through 2032.

Industry-Related Terms: Blanking
View Glossary of Metalforming Terms

Technologies: Stamping Presses


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