Cleveland, OH, May 16, 2023 — US demand for metal stampings is forecast to grow 4.2% per year in nominal terms through 2027, according to Metal Stampings: United States, a report recently released by Freedonia Focus Reports. Advances will be driven by rising production of durable goods, such as appliances, electrical equipment, and motor vehicles.
Further gains will be constrained by competition with alternative materials, such as reinforced plastics, along with other fabrication methods, including 3D printing and laser blanking. In nominal terms, price gains will be attributable to increases in the cost of raw materials such as aluminum. The changing mix of materials utilized to manufacture metal stampings will also contribute to price growth; the industry is increasingly employing higher-strength steels, aluminum, and magnesium, aiming to lower vehicle weight and improve fuel efficiency.
In real (inflation-adjusted) terms, demand for metal stampings is projected to grow 2.8% per year through 2027. Volume gains will be driven by increases in real motor vehicle production. Recovery from the COVID-19 pandemic drove gains in 2021 and 2022, reaching numbers on par with pre-pandemic levels and allowing the industry to expand to new heights once again. Further gains will be inhibited by competition in the industry coming from other materials that offer similar characteristics, such as durability and strength, to metal stamped items.
These and other key insights are featured in Metal Stampings: United States. This report forecasts to 2023 and 2027 US metal stampings demand in nominal and real (inflation-adjusted) US dollars at the manufacturer level. Total demand is segmented by product in terms of:
- motor vehicle stampings
- job stampings
- end products
- spinning products
To illustrate historical trends, total demand, the various segments, and trade are provided in annual series from 2012 to 2022.
Excluded from the scope of this report are metal crowns and closures, metal cans, cooking and kitchen utensils, jewelry, and stamped coins. Re-exports of motor vehicle stampings are excluded from trade and demand figures.
More information about the report is available at:
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Industrial Components reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study