Fitting the mould: Rebounding steel prices will spur industry revenue growth

Over the five years to 2018, revenue for the Metal Stamping and Forging industry in Canada has increased despite weak performance in the years leading up to the reporting period. Moving forward, the price of steel is expected to rebound slowly as global demand improves while global supply tightens; the same applies to the price of nonferrous metals. These trends are likely to bolster selling prices, revenue and profit. However, import penetration is also expected to continue rising, placing pressure on domestic manufacturers. Overall, IBISWorld expects revenue to grow slowly over the five years to 2023...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
3.8%
Forecast Growth 18-23
Profit
Employment
6,309
Businesses
335
Market Share of Companies

Industry Threats & Opportunities

  • Industry operators have been increasingly reliant on export markets, particularly the United States
  • Domestic demand for stamped and forged metal products has increasingly been fulfilled by imports
  • Industrial production within Canada is expected to remain tepid
  • Industry Report - Industry Products Chapter

    Stamped productsMetal stamping brings in the most revenue for the Metal Stamping and Forging industry in Canada, accounting for a combined 54.9% in 2018. Broadly, metal stamping involves a machine press or stamping press, and includes punching, piercing, forming and drawing a sheet of metal using the press. Metal stamping could be a single-stage operation where every stroke of the press produces the desired form on the sheet metal part, or it could occur through a series of steps. Hard tooling is also included in this segment, and refers to the process whereby a mould is constructed from metal.Metal stamping products include job stampings, metal spinning products and pressed metal end products and are used as parts within the aerospace and ordnance (i.e. def...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
  • Degree of globalization in the company
  • IBISWorld analysts also discuss how external factors such as Canadian effective exchange rate 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?

    This industry manufactures stamped and forged metal products. Stamped metal products are shaped under a press, whereas forged metal products are shaped by a localized compressive force. However, this industry does not stamp automotive products, cans or coins.

    Industry Products
  • Nonautomotive stamping
  • Custom roll-formed products
  • Powder metallurgy
  • Ferrous metal forging
  • Nonferrous metal forging
  • Industry Activities
  • Manufacturing stamped metal products
  • Manufacturing forged 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
  • Canadian effective exchange rate index
  • World price of steel
  • Industrial capacity utilization
  • Price of electric power

  • Current Performance
  • Wavering industrial production
  • International landscape
  • Volatile metal prices
  • Chart: Revenue Growth

  • Industry Outlook
  • Saturated markets
  • Metal prices moderate
  • 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 in Canada
  • Valve Manufacturing in Canada
  • Ball Bearing Manufacturing in Canada
  • Tractors & Agricultural Machinery Manufacturing in Canada
  • Engine & Turbine Manufacturing in Canada
  • Wind Turbine Manufacturing in Canada
  • Pump & Compressor Manufacturing in Canada
  • Aircraft, Engine & Parts Manufacturing in Canada
  • Space Vehicle & Missile Manufacturing in Canada

  • Key Selling Industries
  • Aluminum Manufacturing in Canada
  • Metal Pipe & Tube Manufacturing in Canada
  • Nonferrous Metal Rolling & Alloying in Canada
  • Paint Manufacturing in Canada
  • Screw, Nut & Bolt Manufacturing in Canada
  • Steel Rolling & Drawing in Canada

  • Products & Services
  • Ferrous metal forging
  • Nonautomotive stamping
  • Custom roll-formed products
  • Nonferrous metal forging
  • Powder metallurgy
  • Chart: Metal Stamping & Forging Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Aerospace and defence
  • Manufacturing industries
  • Energy sector
  • 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
  • Profit
  • Purchases
  • Wages
  • Depreciation, marketing and other 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
    Patriot Forge Co.,
  • Table: Patriot Forge Co. - 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Canadian-dollar effective exchange rate (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • Original Equipment Manufacturer (Oem)
  • Manufactures products or components that are purchased by a company and retailed under the purchasing company's brand name.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Metal Stamping & Forging market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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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

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Metal Stamping & Forging, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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