The American Metal Stamping Industry Is on the Rise - Market Trends for 2022 and Beyond
North American Metal Stamping Industry Set to Surpass $76.2 Billion by 2030
The metal stamping market throughout the U.S. and Mexico is projected to reach $76.2 billion by 2030, growing an average of 4.4% annually. The substantial growth is expected to be driven largely by the increasing adoption of electric vehicles (EVs), making IATF 16949 certified automotive stamping companies like Master Products especially in demand.
Metal Stamping Services for the Automotive and Consumer Appliance Sectors
Another key market that is driving the growth of the metal stamping industry is consumer appliances – the manufacturing of which often requires complex progressive stamping services. A large projected growth in U.S. military spending is the final key driver of market growth, with many defense products requiring quality stamped components and assemblies.
100+ Years of Superior American Manufacturing
Established well over a century ago in 1919, Master Products has been around through all of the trends of the modern metal stamping industry. From unique stamped products designed to meet the demands of America’s economy of the Roaring ‘20s and World War 2 – to precision stampings that are engineered to meet the requirements of today’s state-of-the-art automotive and industrial sectors.
Master Products is backed by an unparalleled history of manufacturing excellence and poised to meet the metal stamping challenges of tomorrow.