Market Overview:
The global steel stamping parts market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for steel stamping parts in various applications, such as agricultural machinery, automatic manufacturer, aerospace, electronic component and medical industry among others. In terms of type, cover parts held the dominant share in 2017 and is expected to maintain its dominance during the forecast period. However, frame parts are projected to witness highest CAGR over the forecast period owing to increasing demand from automotive sector. Region-wise, Asia Pacific accounted for majority share in 2017 and is projected to maintain its dominance during the forecast period.
Product Definition:
Steel stamping is the process of shaping metal by pounding it with a hammer or pressing it between two dies. Steel stamping parts are important because they are strong and durable. They can be used in a variety of applications, including automotive, construction, and manufacturing.
Cover Parts:
Covers parts are the accessories that go along with a machine or tool and protect it from damage. They can be categorized into two types, stationary and portable. Stationary covers are fixed to the machine while operating whereas portable ones can be moved from one place to another depending upon the need.
Frame Parts:
The frame parts are the main components of steel stamping parts. It is used to provide a support and hold the metal part or component during the process of stamping. The frame part can be made up of different materials such as plastic, aluminum, iron or steel depending upon application requirements.
Plastic: It provides easy removal and installation for stamped metal parts making it suitable for applications where high precision is required such as medical equipment manufacturing.
Application Insights:
The automotive application segment accounted for the largest volume share of over 30% in 2017. The rising demand for steel stamping parts from various automotive manufacturers is expected to drive the market growth over the forecast period. For instance, Ford Motor Company has been manufacturing vehicles at its plant in Mexico since 2014 and it is likely to continue this practice till 2018. As a result, there will be increased demand for stamped components during that period which will boost industry expansion further.
The agricultural machinery segment was valued at USD 1,252 million in 2017 owing to increasing use of steel stamping parts such as blades and other equipment by major players such as John Deere Corporation and New Holland Agriculture Ltd., among others. In addition, high product quality along with low maintenance cost are projected to propel industry growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global steel stamping parts market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand from end-use industries, such as automotive and aerospace. In addition, rapid industrialization and urbanization in developing countries of Asia Pacific are anticipated to fuel product demand.
The growing manufacturing sector in China on account of low labor costs has attracted numerous foreign manufacturers setting up their production facilities in China thus fueling regional product demand over the forecast period. Furthermore, favorable government policies encouraging domestic manufacturing activities coupled with a well-established supply base for heavy machinery is likely to propel market growth over the coming years.
Europe accounted for a significant share of revenue generated by North America within global markets due to high consumption rates observed among major application segments including agriculture machinery, automatic manufacturer.
Growth Factors:
- Increasing demand for automobiles: The global automobile production is expected to grow at a CAGR of around 4% during the forecast period. This will lead to an increase in the demand for steel stamping parts, as they are extensively used in the manufacturing of automobiles.
- Growing industrialization and urbanization: The growth of industrialization and urbanization across the globe is leading to an increase in the demand for steel stamping parts from various end-use industries such as automotive, construction, and machinery.
- Rising disposable income: A rise in disposable income has led to an increase in consumer spending on goods such as automobiles, which use steel stamping parts extensively. This is further propelling the growth of the global steel stamping parts market.
- Technological advancements: The advent of new technologies has led to innovative applications of steel stamping parts across various industries, thereby driving their demand globally
Scope Of The Report
Report Attributes
Report Details
Report Title
Steel Stamping Parts Market Research Report
By Type
Cover Parts, Frame Parts, General Parts
By Application
Agricultural Machinery, Automatic Manufacturer, Aerospace, Electronic Component, Medical Industry, Other
By Companies
Powertech Hyundai, Sunny Engineers, Precision Metal Workshop Co., Limited, G.M.P. Minuterie Metalliche srl, Interplex Holdings Ltd, Xinpeng, Guangdong Hongtu Technology, Chunxing Group, Shanghai Shenchi, Daksh Tools, Precision Metal Works
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Steel Stamping Parts Market Report Segments:
The global Steel Stamping Parts market is segmented on the basis of:
Types
Cover Parts, Frame Parts, General Parts
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Agricultural Machinery, Automatic Manufacturer, Aerospace, Electronic Component, Medical Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Powertech Hyundai
- Sunny Engineers
- Precision Metal Workshop Co., Limited
- G.M.P. Minuterie Metalliche srl
- Interplex Holdings Ltd
- Xinpeng
- Guangdong Hongtu Technology
- Chunxing Group
- Shanghai Shenchi
- Daksh Tools
- Precision Metal Works
Highlights of The Steel Stamping Parts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cover Parts
- Frame Parts
- General Parts
- By Application:
- Agricultural Machinery
- Automatic Manufacturer
- Aerospace
- Electronic Component
- Medical Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Steel Stamping Parts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Steel stamping parts are manufactured from a variety of metals, including steel. The metal is heated until it becomes malleable and then shaped into the desired part. The part is then cooled and hardened to create a durable product.
Some of the major companies in the steel stamping parts market are Powertech Hyundai, Sunny Engineers, Precision Metal Workshop Co., Limited, G.M.P. Minuterie Metalliche srl, Interplex Holdings Ltd, Xinpeng, Guangdong Hongtu Technology, Chunxing Group, Shanghai Shenchi, Daksh Tools, Precision Metal Works.
The steel stamping parts market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Steel Stamping Parts Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Steel Stamping Parts Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Steel Stamping Parts Market - Supply Chain
4.5. Global Steel Stamping Parts Market Forecast
4.5.1. Steel Stamping Parts Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Steel Stamping Parts Market Size (000 Units) and Y-o-Y Growth
4.5.3. Steel Stamping Parts Market Absolute $ Opportunity
5. Global Steel Stamping Parts Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Steel Stamping Parts Market Size and Volume Forecast by Type
5.3.1. Cover Parts
5.3.2. Frame Parts
5.3.3. General Parts
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Steel Stamping Parts Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Steel Stamping Parts Market Size and Volume Forecast by Application
6.3.1. Agricultural Machinery
6.3.2. Automatic Manufacturer
6.3.3. Aerospace
6.3.4. Electronic Component
6.3.5. Medical Industry
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Steel Stamping Parts Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Steel Stamping Parts Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Steel Stamping Parts Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Steel Stamping Parts Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Steel Stamping Parts Demand Share Forecast, 2019-2026
9. North America Steel Stamping Parts Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Steel Stamping Parts Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Steel Stamping Parts Market Size and Volume Forecast by Application
9.4.1. Agricultural Machinery
9.4.2. Automatic Manufacturer
9.4.3. Aerospace
9.4.4. Electronic Component
9.4.5. Medical Industry
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Steel Stamping Parts Market Size and Volume Forecast by Type
9.7.1. Cover Parts
9.7.2. Frame Parts
9.7.3. General Parts
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Steel Stamping Parts Demand Share Forecast, 2019-2026
10. Latin America Steel Stamping Parts Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Steel Stamping Parts Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Steel Stamping Parts Market Size and Volume Forecast by Application
10.4.1. Agricultural Machinery
10.4.2. Automatic Manufacturer
10.4.3. Aerospace
10.4.4. Electronic Component
10.4.5. Medical Industry
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Steel Stamping Parts Market Size and Volume Forecast by Type
10.7.1. Cover Parts
10.7.2. Frame Parts
10.7.3. General Parts
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Steel Stamping Parts Demand Share Forecast, 2019-2026
11. Europe Steel Stamping Parts Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Steel Stamping Parts Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Steel Stamping Parts Market Size and Volume Forecast by Application
11.4.1. Agricultural Machinery
11.4.2. Automatic Manufacturer
11.4.3. Aerospace
11.4.4. Electronic Component
11.4.5. Medical Industry
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Steel Stamping Parts Market Size and Volume Forecast by Type
11.7.1. Cover Parts
11.7.2. Frame Parts
11.7.3. General Parts
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Steel Stamping Parts Demand Share, 2019-2026
12. Asia Pacific Steel Stamping Parts Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Steel Stamping Parts Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Steel Stamping Parts Market Size and Volume Forecast by Application
12.4.1. Agricultural Machinery
12.4.2. Automatic Manufacturer
12.4.3. Aerospace
12.4.4. Electronic Component
12.4.5. Medical Industry
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Steel Stamping Parts Market Size and Volume Forecast by Type
12.7.1. Cover Parts
12.7.2. Frame Parts
12.7.3. General Parts
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Steel Stamping Parts Demand Share, 2019-2026
13. Middle East & Africa Steel Stamping Parts Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Steel Stamping Parts Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Steel Stamping Parts Market Size and Volume Forecast by Application
13.4.1. Agricultural Machinery
13.4.2. Automatic Manufacturer
13.4.3. Aerospace
13.4.4. Electronic Component
13.4.5. Medical Industry
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Steel Stamping Parts Market Size and Volume Forecast by Type
13.7.1. Cover Parts
13.7.2. Frame Parts
13.7.3. General Parts
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Steel Stamping Parts Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Steel Stamping Parts Market: Market Share Analysis
14.2. Steel Stamping Parts Distributors and Customers
14.3. Steel Stamping Parts Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Powertech Hyundai
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sunny Engineers
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Precision Metal Workshop Co., Limited
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. G.M.P. Minuterie Metalliche srl
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Interplex Holdings Ltd
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Xinpeng
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Guangdong Hongtu Technology
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Chunxing Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shanghai Shenchi
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Daksh Tools
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Precision Metal Works
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
