Forge forward: Industry revenue will rebound moderately moving forward with renewed demand

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...purchase to read more.

Industry Statistics & Market Size
Revenue
$36bn
Annual Growth 12-17
-0.5%
Forecast Growth 17-22
Profit
Employment
109,338
Businesses
2,403
Market Share of Companies

Industry Threats & Opportunities

  • Increased import penetration from countries with lower costs of production, such as China, have deterred profit growth
  • In line with reduced industry participation, industry employment has also declined
  • Agricultural machinery manufacturers are likely to remain a volatile source of demand
  • Industry Report - Industry Products Chapter

    Stamped metal productsStamped metal products are the largest industry offering and are expected to account for 32.5% of industry revenue in 2017. Metal stamping includes a variety of metal-forming manufacturing processes, such as blanking, punching, piercing, forming and drawing, to transform flat metal sheets into various shapes. Each of these processes is typically performed on cold-rolled steel sheet purchased from upstream steel or aluminum manufacturers (see IBISWorld reports 33111, 33122 and 33131). The process, which typically uses a machine press or stamping press, could be a single-stage operation or it could occur through a series of stages. Stamping also includes hard tooling, which is used to make a high volume of parts for one configuration. Met...purchase to read more.

    Additional Insights for the Metal Stamping & Forging Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Metal Stamping & Forging Industry are

  • Economies of scale
  • Effective quality control
  • Maintaining strong relationships within key markets
  • IBISWorld analysts also discuss how external factors such as Industrial production index and World price of steel in the Metal Stamping & Forging industry impact industry performance..

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    What's in this report

    What is the Metal Stamping & Forging Industry?

    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.

    Industry Products
  • Non-automotive stamping
  • Ferrous forging
  • Nonferrous forging
  • Custom rollforming
  • Powder metallurgy
  • Industry Activities
  • Manufacturing forged metal products
  • Manufacturing stamped metal products
  • Manufacturing custom rollformed metal products
  • Manufacturing powder metallurgy products
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial production index
  • World price of steel
  • Corporate profit
  • Trade-weighted index

  • Current Performance
  • Shift to high value-added products
  • Profit and participation
  • Limited international trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Increasingly sophisticated products in demand
  • Industry landscape
  • International trade remains limited
  • Table: Metal Stamping & Forging Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Metal Stamping & Forging Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Hand Tool & Cutlery Manufacturing
  • Valve Manufacturing
  • Guns & Ammunition Manufacturing
  • Ball Bearing Manufacturing
  • Tractors & Agricultural Machinery Manufacturing
  • Wind Turbine Manufacturing
  • Pump & Compressor Manufacturing
  • Aircraft, Engine & Parts Manufacturing
  • Space Vehicle & Missile Manufacturing

  • Key Selling Industries
  • Aluminum Manufacturing
  • Iron & Steel Manufacturing
  • Nonferrous Metal Rolling & Alloying
  • Paint Manufacturing
  • Screw, Nut & Bolt Manufacturing

  • Products & Services
  • Non-automotive stamping
  • Custom rollforming
  • Ferrous forging
  • Other
  • Nonferrous forging
  • Powder metallurgy
  • Chart: Metal Stamping & Forging Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Aerospace
  • Off-highway and agriculture markets
  • Other
  • Exports
  • Ordnance markets
  • Industrial manufacturing
  • Chart: Major Market Segmentation for the Metal Stamping & Forging Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesLabor costsOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Metal Stamping & Forging

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Metal Stamping & Forging Industry

  • Industry Globalization
    Precision Castparts Corp.,
  • Table: Precision Castparts Corp. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Metal Stamping & Forging Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Metal Stamping & Forging Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Industrial production index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Metal Forging
  • Shaping metal by using localized compressive forces.
  • Metal Stamping
  • Includes a variety of sheet-metal forming manufacturing processes, such as punching with a machine press or stamping press.
  • Powder Metallurgy
  • Blending and compressing fine metal powder into a desired shape.
  • What Our Customers Say

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    This report on Metal Stamping & Forging:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Metal Stamping & Forging market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

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