Global Fine Blanking Parts Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Fine Blanking Parts Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Fine blanking is a specialized type of stamping process that produces parts with extremely tight tolerances and clean edges, free of die breaks and tears in most materials, enhancing the aesthetic value of the part. Fine blanking is also used for special-purpose steels and difficult-to-machine metals such as stainless steel and super alloys. Fine blanking parts have become essential in various industries including automotive, cameras and other precision equipment, medical equipment, and aerospace applications.

Market Overview:

The latest research study on the global Fine Blanking Parts market finds that the global Fine Blanking Parts market reached a value of USD 7276.99 million in 2022. It’s expected that the market will achieve USD 10995.27 million by 2028, exhibiting a CAGR of 7.12% during the forecast period.

The outbreak of COVID-19 has forced government authorities to take drastic measures to limit the production of fine blanking parts and related services to what the lockdown allows. Like all sectors of the economy, manufacturers of fine blanking parts are responding to the challenges posed by the ongoing pandemic. These include global and domestic supply chain issues such as ocean freight bottlenecks and limited truck availability. As the COVID-19 pandemic has disrupted the supply chains of several manufacturers, the production of fine blanking parts has been restricted and there is a huge gap between supply and demand. Many businesses are also facing liquidity issues, which could lead to the complete closure of their production facilities. Products didn't reach customers on time at the start of the pandemic due to supply chain issues. Companies have had to contend with expected higher prices, delivery delays, and global uncertainty. As the epidemic gradually came under control, some factories began to resume work. However, enterprises need to protect the life and health of employees during the production process, such as purchasing masks, disinfectants, and other anti-epidemic materials, disinfecting the working environment before and after production, and measuring the temperature of employees every day to ensure the health of employees. These measures will increase production costs and affect the development of enterprises.

Advantages of fine blanking parts

Fine blanking is an advanced high-precision metal forming process developed based on ordinary stamping. Fine blanking is widely used in the automotive, heavy equipment, electronics, medical, horticultural, and general industrial industries. Materials that can be fine blanked include steel, aluminum, copper, and alloys. The advantages of fine blanking are excellent dimensional control, accuracy, and repeatability throughout the production process; excellent part flatness is preserved; straight, high-quality finished edges compared to other metal stamping processes; little machining detail is required; Multiple features can be added simultaneously in one operation; Considering the additional machining cost and time, fine blanking is more economical for high-volume production than traditional operations. Overall, the fine blanking process produces parts with very tight dimensional tolerances, excellent flatness, and very little part-to-part variation throughout the long production run. Fine blanking parts are maximized due to their advantages in the automotive industry, such as reducing production costs, reducing energy consumption, improving the quality and appearance of structural parts, improving efficiency, ensuring safety and environmental protection, etc. During the forecast period, the market size of the global fine blanking parts industry will continue to expand.

The stable demand in the automotive industry

The automobile industry is one of the largest industries in the world. It has become a pillar industry of the national economy of developed countries such as the United States, Japan, Germany, and France. In recent years, the global automotive industry has been developing steadily. The automobile industry has the characteristics of high industrial correlation, wide coverage, high technical requirements, strong comprehensiveness, a large number of parts and components, and high added value. The auto parts industry provides parts and components products for the automobile manufacturing industry, including metal structural parts, injection molding products, etc. It is an important part of the automobile industry chain and the basis for the development of the automobile industry. With the development of global economic integration, the research and development, parts production, vehicle assembly, sales, and after-sales service in the automobile production process show the trend of the professional division of labor and global allocation of resources. To take the lead in the fierce market competition, the major automakers have reformed the original production and supply system, stripped off the parts manufacturing business, and focused resources on product research and development. Therefore, the production efficiency and professional division of labor of auto parts suppliers and vehicle manufacturers have been improved.

Affected by the epidemic, the decline in consumer affordability and demand has put pressure on automakers. Total global vehicle production has declined. However, thanks to the continuous efforts of many OEMs and parts companies, consumers' acceptance of new energy vehicles has continued to increase, and the new energy vehicle market has been gradually transformed from policy-driven to consumption-driven. In the U.S., for example, EV sales in the U.S. jumped to an all-time high in the first quarter of 2022. In 2022, the penetration rate of electric vehicles will continue to increase, becoming the main battlefield for the product competition of various car companies and parts companies. The stable development of new energy vehicles and the automotive industry has driven the stable development of auto parts and upstream and downstream enterprises. In the automotive industry, precision stamping is widely used in the safety components of automobile manufacturing to ensure stable operation under harsh and dangerous conditions. For example, racks, tooth plates, and cams on car seat adjusters; ratchets, pawls, adjusting tooth plates, pull arms, push rods, webs, support plates, etc. in car brake systems; Lock plates, card plates, insurance blocks, etc.; tang, inner gear ring, pawl, etc. on the car seat belt; driven plate on the clutch, etc.; shift fork on the transmission, etc.; flange plate, thrust of the transmission system Gaskets, etc.; door glass regulator tooth plates, etc. Therefore, with the steady development of the automotive industry, the manufacturing demand for automotive precision parts is still rising, and the market demand for fine blanking parts will continue to actively expand.

The aerospace field is actively driving the development of the industry

The aerospace industry is a concentrated expression and an important symbol of the country's comprehensive national strength. In recent years, countries have made continuous efforts in the field of aerospace. In terms of spaceflight, global space activities will achieve many important milestones in 2022, showing a new trend of innovation and development in various fields such as launch vehicles, deep space exploration, manned spaceflight, and satellites, keeping global space activities on a trend of accelerated development. In the field of aviation, the global large commercial aircraft market will generally rebound in 2021, with both total deliveries and total orders rising sharply. With the optimization of epidemic prevention and control measures in various countries around the world, it is expected that global aviation demand will gradually return to the level before the epidemic.

In the field of aerospace, due to the special requirements of high stability, high speed, high safety, and repeated use, aerospace equipment such as aircraft have extremely high technological requirements for the design, manufacture, processing, and assembly of various parts and components. For example, the complex shape and ultra-high precision requirements of aero-engine sheet metal stamping parts require fine blanking technology. At present, the aerospace parts manufacturing industry, which is the basic industry of the aviation manufacturing industry, has adopted precision stamping technology in parts such as overall structural parts, high-precision shells, piping system connectors, special standard parts, and components. During the forecast period, the steady development of the aerospace industry is actively driving the market demand for fine blanking parts.

Region Overview:

In 2022, the share of the Fine Blanking Parts market in China stood at 28.28%.

Company Overview:

The major players operating in the Fine Blanking Parts market include Feintool International Holding AG, Precision Resource, Inc., Yamamoto Seisakusho, Inc., Muhr und Bender, IFB Industries Limited, etc. Among which, Feintool International Holding AG ranked top in terms of sales and revenue in 2023.

Feintool International Holding AG

Feintool is an international technology and market leader in fineblanking. This technology is characterized by economy, quality and productivity.

Precision Resource, Inc.

Precision Resource is a dynamic and growing company that specializes in fine blanking and secondary finishing of quality components. As a world leader in fine blanking technology, we provide cutting-edge solutions to customers in a variety of industries, including automotive, electronics, off-highway equipment, cutlery, hand tools, hardware, and medical equipment.

Segmentation Overview:

By type, Steel segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Automotive segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Fine Blanking Parts market covered in Chapter 3:

Sera Co,.Ltd
IFB Industries Limited
Feintool International Holding AG
Precision Resource, Inc.
ASPIC
Guangzhou Huaguan Fine Blanking
L.G.Balakrishnan & Bros Ltd
Muhr und Bender
AKITA FineBlanking
Weihai Huabang Fineblanking
CFTC
Hugo Kern und Liebers
Yamamoto Seisakusho, Inc.
Sunstar Inc.
Wuhan Aviation Fine Blanking
Petersen Precision

In Chapter 4 and Chapter 14.2, on the basis of types, the Fine Blanking Parts market from 2018 to 2029 is primarily split into:

Steel
Copper
Aluminum
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Fine Blanking Parts market from 2018 to 2029 covers:

Automotive
Non-automotive

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)