Metal Stamping & Forging in New York - Industry Market Research Report

Forge forward: Growth will likely be driven by increased demand from the manufacturing sector

Metal Stamping & Forging in New York

The Metal Stamping and Forging industry has experienced moderate volatility over the five years to 2017. Despite strong demand from the aerospace manufacturing market during most of the five-year period, weakened demand from other markets, particularly oil and gas machinery and agricultural machinery manufacturing, has hurt manufacturers of forged ferrous and stamped metal products. Furthermore, the recent downturn in the world price of steel, aluminum and most other metal inputs has pressured domestic operators across all product segments to lower selling prices, subsequently placing downward pressure on industry revenue. Over the next five years, the industry is expected to rebound moderately. Demand from key markets such as aerospace and industrial machinery manufacturing will drive this growth, along with a projected resurgence in metal prices. Additionally, the industry is likely to remain protected from intense import competition because of the premium placed on high-quality products by downstream markets.

Operators in this industry forge, stamp and rollform ferrous (iron) and nonferrous metal products for use by other industries. Forged metal is compressed in hot or cold temperatures, while stamped metal is placed into a press to make sheets; rollformed metal is bent into shape on a set of rolls. The industry also includes powder metallurgy companies. This industry excludes the stamping of coins, cans and automotive products.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.