GIA predicts growth in metal stampings market

The global world metal stampings, forgings, and castings market is forecast to reach US$371 billion by the year 2015, said Global Industry Analysts Inc. (GIA). Growth will be guided by recovery in GDP, rise in consumer/ business confidence, rebound in manufacturing activity and restoration of health of most end-use markets. Replenishing of depleting inventories in the supply chain as a result of resurging production activities on wings of improving end-user demand is expected to fuel market growth.
Europe and United States account for a major share of the global metal stampings, forgings, and castings market. During the post recession period, diverse application areas of metal stamping will provide a quick road to recovery. For instance, slower recovery of automotive and housing construction sectors will be offset by sturdy gains in renewable energy, medical, and farm machinery sector, among others. Demand from the construction equipment and machinery sector will be driven by rising number of housing starts, building construction, public works, such as airports, highways and sewer and water projects. While developed markets continue to stagnate, the geographic spread of production and sales of automotives and availability of cheaper labor in developing countries will present opportunities for growth. Global revenues for metal stampings are expected to surge at a CAGR of 1.5% during the analysis period.

Major players in the marketplace include Alcoa Inc., American Axle & Manufacturing Holdings Inc., Amtek Engineering Ltd, Anchor Lamina Inc., Bharat Forge Ltd, Bohler-Uddeholm AG, Doncasters PLC, Georg Fischer Ltd, Hayes Lemmerz International Inc., Magna International Inc., Meridian Technologies Inc., Metaldyne Corp., Precision Castparts Corp., Wyman-Gordon, SeAH Besteel Corp., Shiloh Industries Inc., Sumitomo Metal Industries Ltd, ThyssenKrupp AG, Tower Automotive Inc., Worthington Industries Inc, among others.