$38.6bn
$X.Xbn
91,927
3,414
$X.Xbn
The Metal Stamping and Forging industry had its strength tested through the current period. Volatile metal prices, macroeconomic swings and swelling employment costs pressured manufacturers. Metal Stamping and Forging industry revenue has inched downward at a CAGR of 0.5% over the past five years and is expected to total $38.6 billion in 2024, when revenue will fall by an estimated 1.8%.
Industry revenue has declined at a CAGR of 0.5 % over the past five years, to reach an estimated $38.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Precision Castparts Corp | 3,279.2 | 701.6 | 21.4 | |
Allegheny Technologies Incorporated | 2,509.5 | 179.6 | 7.2 | |
Howmet Aerospace Inc. | 384.5 | 75.9 | 19.7 |
To view the market share and analysis for all 8 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Nonautomotive stamping, Ferrous forging and Nonferrous forging. Nonautomotive stamping is the largest segment of the Metal Stamping & Forging in the US.
Stamped metal products are out ahead
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.
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NAICS 33211 - Metal Stamping & Forging in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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Howmet Aerospace is thriving amid the Russia-Ukraine war by supplying ordnance, aircraft and military supplies to the U.S. Government and its allies. They have also increased...
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High-quality metal stamping necessitates skilled workers using advanced presses and rigorous maintenance schedules. Effective management of both equipment and workforce, incl...
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Including values and annual change:
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Key data sources in the US include:
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The market size of the Metal Stamping & Forging in the US industry in United States is $38.6bn in 2024.
There are 3,414 businesses in the Metal Stamping & Forging in the US industry in United States, which has declined at a CAGR of 1.6 % between 2019 and 2024.
The market size of the Metal Stamping & Forging in the US industry in United States has been declining at a CAGR of 0.5 % between 2019 and 2024.
Over the next five years, the Metal Stamping & Forging in the US industry in United States is expected to grow.
The biggest companies operating in the Metal Stamping & Forging market in United States are Precision Castparts Corp, Allegheny Technologies Incorporated and Howmet Aerospace Inc.
Nonautomotive stamping and Ferrous forging are part of the Metal Stamping & Forging in the US industry.
The company holding the most market share in United States is Precision Castparts Corp.
The level of competition is moderate and steady in the Metal Stamping & Forging in the US industry in United States.