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Metal Stampings, Forgings, and Castings - Global Market Trajectory & Analytics

  • ID: 600095
  • Report
  • February 2022
  • Region: Global
  • 626 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Alcoa Corporation
  • Bharat Forge Limited
  • Doncasters Group
  • Magna International Inc.
  • SeAH Besteel Corporation
  • Sumitomo Corporation

Global Metal Stampings, Forgings, and Castings Market to Reach $563.2 Billion by 2027


Amid the COVID-19 crisis, the global market for Metal Stampings, Forgings, and Castings estimated at US$397.7 Billion in the year 2020, is projected to reach a revised size of US$563.2 Billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027. Ferro-Alloy Castings, one of the segments analyzed in the report, is projected to record a 5.9% CAGR and reach US$219.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Ferrous Metal Castings segment is readjusted to a revised 5.6% CAGR for the next 7-year period.



The U.S. Market is Estimated at $72 Billion, While China is Forecast to Grow at 6.9% CAGR


The Metal Stampings, Forgings, and Castings market in the U.S. is estimated at US$72 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$201.8 Billion by the year 2027 trailing a CAGR of 6.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 3.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Metal Stampings Segment to Record 4% CAGR


In the global Metal Stampings segment, USA, Canada, Japan, China and Europe will drive the 3.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$104.1 Billion in the year 2020 will reach a projected size of US$134.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$64.4 Billion by the year 2027, while Latin America will expand at a 3.8% CAGR through the analysis period.

Select Competitors (Total 682 Featured) -

  • Alcoa Corporation
  • Aludyne, Inc.
  • American Axle & Manufacturing, Inc.
  • Bharat Forge Limited
  • DAYTON Lamina Corporation
  • Doncasters Group
  • Georg Fischer Ltd.
  • Interplex Holdings Pte. Ltd.
  • Magna International Inc.
  • Meridian Lightweight Technologies
  • Precision Castparts Corp.
  • SeAH Besteel Corporation
  • Shiloh Industries Inc.
  • Sumitomo Corporation
  • Voestalpine AG
  • Worthington Industries
Frequently Asked Questions about the Global Market for Metal Stampings, Forgings, and Castings

What is the estimated value of the Global Market for Metal Stampings, Forgings, and Castings?

The Global Market for Metal Stampings, Forgings, and Castings was estimated to be valued at $397.7 Billion in 2020.

What is the growth rate of the Global Market for Metal Stampings, Forgings, and Castings?

The growth rate of the Global Market for Metal Stampings, Forgings, and Castings is 5.1%, with an estimated value of $563.2 Billion by 2027.

What is the forecasted size of the Global Market for Metal Stampings, Forgings, and Castings?

The Global Market for Metal Stampings, Forgings, and Castings is estimated to be worth $563.2 Billion by 2027.

Who are the key companies in the Global Market for Metal Stampings, Forgings, and Castings?

Key companies in the Global Market for Metal Stampings, Forgings, and Castings include Alcoa Corporation, Aludyne, Inc., American Axle & Manufacturing, Inc., Bharat Forge Limited, DAYTON Lamina Corporation, Doncasters Group, Georg Fischer Ltd., Interplex Holdings Pte. Ltd. and Meridian Lightweight Technologies.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alcoa Corporation
  • Bharat Forge Limited
  • Doncasters Group
  • Magna International Inc.
  • SeAH Besteel Corporation
  • Sumitomo Corporation

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • COVID-19 Outbreak Poised to Dent Market Prospects
  • COVID-19 Crisis Weakens Global Economic Environment, Triggering Negative Tide in GDP & Industrial Output Forecasts
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • An Introduction to Metal Stampings, Forgings and Castings
  • Metal Stampings
  • Metal Forgings
  • Ferro-Alloy Castings & Non-Ferrous Metal Castings
  • Metal Stampings, Forgings and Castings: A Prelude
  • Developing Countries Propel Market Growth
  • Manufacturing PMI Indices for Select Asian Countries for Jan 2020 to May 2020
  • Recent Market Activity
  • Metal Stampings, Forgings, and Castings - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Metal Stampings Market: End-Use Dynamics Influence Demand Trends
  • Blanking Emerges as the Most Widely Used Metal Stamping Technique
  • Global Metal Stamping Market by Technology (in %) for 2020E
  • Automotive Industry: The Leading End Use Market for Metal Stamping
  • Global Metal Stamping Market by Application (in %) for 2020E
  • Advances in Metal Stamping Technology Augurs Well for Future Market Prospects
  • Ferro-Alloy Castings: A Major Product Category
  • Non-Ferrous Metal Castings Segment to Benefit from Aluminum Castings Demand
  • Aluminum Castings Represent the Most Popular Category
  • Global Aluminum Castings Market: Breakdown (in %) by End-Use Sector for 2020
  • Metal Forgings: Applications in Automotive and Aerospace Sectors
  • Global Metal Forgings Market by Raw Material (in %) for 2020
  • Automotive Production Trends Determine Growth Dynamics of Metal Stampings, Forgings & Castings Market
  • World Automobile Production in Million Units: 2008-2022
  • Opportunities for Automotive Metal Stamping
  • Global Automotive Metal Stamping Market by Technology (in %) for 2020E
  • Metal Castings in Automotive Market: A Review
  • Auto Industry Shift towards Light Metal Stampings & Cast Parts
  • Die Cast Auto Parts to Find Favor As Engineering Focus Shifts to Lightweighting
  • Lightweighting Trend Catalyzes Application of Die Cast in Auto Parts: Average Weight of a Passenger Car (In Kgs) for the Years 1990, 2000, 2006, 2016 & 2019
  • Strong Preference for Aluminum Castings in Automotive Segment
  • Steel Growing in Prominence in Automobiles
  • Employing Environmental Friendly Practices
  • Limited Success of Traditional Design Principles
  • Smaller Lots Production Demand Reduction in Die Costs
  • Extended Die Life, Decentralized Structure to Achieve Cost Reduction
  • Production Machinery Demand Shapes Trends in Metal Stampings, Forgings & Castings Market
  • Mechanization of Agriculture Adds to the Demand
  • With Air Travel Coming to a Grinding Halt, Demand for Stamped, Forged and Cast Aircraft Structures and Components Decline
  • Global Airlines Performance by Region: 2020 Vs 2019
  • Consumer Appliances & Electronics Demand Sets the Tone for Aluminum Castings Market Growth
  • Rising Significance of Castings in Energy Production Chain Spurs Demand from Power Industry
  • Global Energy Generation Mix (in %) for 2018 and 2050
  • Novel Defense Applications Offer Growth Opportunities
  • Technological Advancements in Casting Systems Spur Growth
  • Simulation-based Castings Continues to Gain Traction
  • Product Developments & Technology Innovations
  • Newer Possibilities in Forging Processes Deploying High-Entropy-Alloys
  • Stereolithography for the Process of Investment Casting
  • Micro Cold Forging Process Maximizes Service Life of Forging Dies
  • Metal 3D Printing to Overcome Shortcomings of Traditional Metal Casting
  • Additive Manufacturing Improves Durability and Mechanical Properties of Forging Preforms
  • Isothermal Press Technology Facilitates Forging of Titanium Aluminide
  • Development of Specialized Aerospace Materials
  • Robotic Metal Stampings, Forgings and Castings
  • Precision Stampings Comes to the Fore
  • R&D Efforts Promise a Bright Future for Magnesium Castings
  • Key Issues & Challenges
  • Emergence of Plastics as a Substitute
  • Captive Inhouse Casting Operations of End-Customers: Threat to Dedicated Metal Casters
  • Rising Raw Material Prices & Supply Concerns

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Metal Stampings, Forgings, and Castings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Amidst COVID-19 Crisis, Manufacturing Activities Come to a Halt
  • Castings: The Foundation of US Manufacturing Sector
  • Look into the Opportunities in Major End-Use Markets
  • US Market for Aluminum Castings in Light Vehicles: Percentage Composition of Aluminum Castings in Different Vehicle Parts for 2016 & 2020
  • Metal Stamping & Forging Industry: A Review
  • The Metal-Stamping Machinery Market
  • US Brands

CANADA

JAPAN

  • Metal Stampings, Forgings, and Castings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Metal Stampings, Forgings, and Castings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • COVID-19 Pandemic Affects the China’s Manufacturing Activity, Affecting Growth Outlook
  • An Insight into Chinese Die Casting Market
  • Innovations in Forming Technologies: Opportunities for Hot Closed Die Forging Market

EUROPE

  • Metal Stampings, Forgings, and Castings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • European Forging Companies Focus on Next-Generation Forgings

FRANCE

  • Metal Stampings, Forgings, and Castings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Metal Stampings, Forgings, and Castings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
  • A Major Market for Metal Stampings, Forgings & Castings
  • Automobile Industry: Vital Role to Play in Die-Casting Market

ITALY

UNITED KINGDOM

  • Metal Stampings, Forgings, and Castings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Metal Stampings, Forgings, and Castings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Developing Markets Benefit from Outsourced Manufacturing Activity
  • Metal Castings Market in Asia-Pacific: An Overview

AUSTRALIA

  • Metal Stampings, Forgings, and Castings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Metal Stampings, Forgings, and Castings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Forging Industry in India: An Overview
  • India: A Major Cast Metals Hub
  • Indian Castings Market: Percentage Breakdown of Volume Shipments by End-Use Segment for 2019
  • Auto Industry: Critical Determinant of Growth in the Indian Die Casting Market

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Metal Stampings, Forgings, and Castings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

BRAZIL


MEXICO


REST OF LATIN AMERICA


REST OF WORLD

IV. COMPETITION

  • Total Companies Profiled: 682
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Alcoa Corporation
  • Aludyne, Inc.
  • American Axle & Manufacturing, Inc.
  • Bharat Forge Limited
  • DAYTON Lamina Corporation
  • Doncasters Group
  • Georg Fischer Ltd.
  • Interplex Holdings Pte. Ltd.
  • Magna International Inc.
  • Meridian Lightweight Technologies
  • Precision Castparts Corp.
  • SeAH Besteel Corporation
  • Shiloh Industries Inc.
  • Sumitomo Corporation
  • Voestalpine AG
  • Worthington Industries
Note: Product cover images may vary from those shown