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Metal Stamping Market to Reach USD 373.85B by 2033 as Demand for Precision Manufacturing Accelerates Across Automotive, Electronics, and Industrial Sectors

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Rising adoption of lightweight materials, expanding electric vehicle production, and advancements in automated stamping technologies are expected to drive long-term market growth

SAN FRANCISCO, June 23, 2026 /PRNewswire/ — The global metal stamping industry is poised for steady expansion over the coming decade, driven by increasing demand for precision-engineered components across automotive, consumer electronics, industrial machinery, aerospace, and electrical applications. According to a recent market analysis by Grand View Research, the global metal stamping market was valued at USD 257.26 billion in 2025 and is projected to grow from USD 266.27 billion in 2026 to USD 373.85 billion by 2033, advancing at a compound annual growth rate (CAGR) of 5.0% from 2026 to 2033.

Metal Stamping Remains a Cornerstone of Modern Manufacturing

Metal stamping continues to play a vital role in modern manufacturing by enabling high-volume production of complex metal components with exceptional dimensional accuracy and cost efficiency. The process is widely utilized for the fabrication of body panels, structural components, electrical connectors, brackets, enclosures, and numerous other mission-critical parts used across industrial value chains.

Lightweight Vehicle Production and Electrification Create New Growth Opportunities

The growing emphasis on lightweight and high-strength materials is creating significant opportunities for metal stamping manufacturers. Automotive manufacturers, in particular, are increasingly adopting advanced stamping technologies to produce lightweight vehicle structures that improve fuel efficiency and support emissions reduction goals.

As electric vehicle adoption accelerates worldwide, demand for stamped battery enclosures, chassis components, reinforcement structures, and thermal management systems is expected to increase substantially. Industry analysts note that vehicle electrification trends are reshaping manufacturing requirements and generating sustained demand for advanced metal-forming capabilities.

Automation and Smart Manufacturing Transform Production Capabilities

The market is benefiting from a convergence of technological innovation and sustainability initiatives. Manufacturers are investing in servo-driven presses, robotic automation, digital quality-control systems, and advanced die technologies to improve productivity while reducing material waste.

These developments are helping metal stamping companies achieve greater operational efficiency, improve consistency, and meet increasingly stringent customer requirements for quality and precision.

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Blanking Emerges as the Leading Process Segment

Among process categories, blanking remains the dominant segment, accounting for more than 32.0% of the global market in 2025. The process serves as a foundational manufacturing step for producing accurately shaped metal components at scale and is extensively used in automotive, appliance, electronics, and industrial applications.

Its ability to deliver high production volumes while maintaining dimensional consistency continues to make blanking one of the most widely adopted metal stamping processes worldwide.

Automotive Industry Continues to Anchor Global Demand

The automotive and transportation sector remains the largest consumer of stamped metal components globally. Manufacturers rely on metal stamping for vehicle body structures, transmission systems, safety assemblies, seating systems, and a wide range of interior and exterior components.

The ongoing transition toward electric mobility, lightweight materials, and advanced vehicle architectures is expected to further strengthen demand throughout the forecast period.

Consumer Electronics Segment Expected to Witness Accelerated Expansion

Consumer electronics is anticipated to emerge as one of the fastest-growing application segments, registering a CAGR of 6.2% through 2033. As electronic devices become increasingly compact and sophisticated, manufacturers require high-precision stamped components for connectors, casings, electromagnetic shielding systems, and thermal management applications.

The rapid growth of smart devices, wearable technologies, and connected consumer products is expected to create new opportunities for metal stamping suppliers worldwide.

Asia Pacific Maintains Leadership Position in Global Market

Regional analysis indicates that Asia Pacific continues to lead the global market, accounting for more than 37.0% of total revenue in 2025. The region benefits from a strong manufacturing ecosystem, a large automotive production base, and a rapidly expanding electronics sector.

Countries such as China, India, and Japan remain major contributors to regional demand, supported by industrial expansion, infrastructure investments, and favorable manufacturing policies.

Strong Industrial Growth Supports Regional Expansion

Asia Pacific is projected to be among the fastest-growing regional markets, with the region expected to register a CAGR of 6.1% during the forecast period. Continued investments in electric vehicle production, industrial automation, and consumer electronics manufacturing are anticipated to create substantial opportunities for metal stamping companies operating across the region.

Emerging Applications Expand Market Potential Beyond Automotive

Beyond automotive and electronics, metal stamping is gaining momentum across industrial machinery, aerospace, telecommunications, and construction sectors. Industrial equipment manufacturers increasingly depend on stamped components for housings, supports, gears, and structural assemblies capable of withstanding demanding operating conditions.

In telecommunications, expanding connectivity infrastructure and next-generation communication networks are driving demand for precision-engineered metal components used in antennas, electrical contacts, and protective enclosures.

Sustainability Initiatives Influence Future Manufacturing Strategies

Sustainability remains a key factor shaping the future of the metal stamping industry. Manufacturers are implementing energy-efficient production methods, reducing material waste, and incorporating recycled metal feedstocks to improve environmental performance.

The inherent recyclability of stamped metal components further supports circular manufacturing initiatives and aligns with global sustainability objectives.

Future Outlook: Innovation and Capacity Expansion to Define Competitive Success

Looking ahead, industry participants are expected to prioritize automation, digital manufacturing technologies, advanced tooling solutions, and strategic capacity expansion initiatives. Companies that successfully integrate smart manufacturing capabilities with sustainable production practices are likely to strengthen their competitive positioning in the evolving marketplace.

As industries continue to prioritize precision, scalability, and cost efficiency, metal stamping is expected to remain an essential manufacturing process supporting next-generation industrial innovation and product development.

To learn more about growth opportunities in the Metal Stamping Market, access the full report from Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Browse Investment Insights by Grand View Research – a dedicated, scalable fundamental research platform designed to function as a seamless extension of investment teams across the buy-side and sell-side ecosystem.

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Function Now Connects to Meta’s Muse, Allowing Members to Bring Their Personal Health Data to the New AI Agent

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Members can securely bring their Function health data into Muse to better understand their health and personalize their AI experience.

AUSTIN, Texas, Sept. 8, 2026 /PRNewswire/ — Function today announced that members can securely connect their Function health data to Muse, Meta’s new personal AI agent. Muse joins ChatGPT, Claude, and Perplexity in Function’s growing network of AI connectors, giving members the ability to bring their personal health data into the AI experiences they choose to use.

Muse can use a member’s Function insights as personal context to help them understand their health, build and adapt plans around their goals, track progress, and follow through over time, while members remain in control of their data.

“Your AI should know your biology,” said Jonathan Swerdlin, CEO and Co-founder of Function. “By connecting Function health data to Muse, people can bring a living picture of their health into the AI platforms they use every day. We are entering a world where people understand their bodies in far greater detail and increasingly rely on AI to make decisions. Bringing those together makes AI dramatically more useful.”

How it works

Members authorize the connection from inside Meta, through the same account controls they already use to manage their account data. Once connected, Muse draws on their lab results and clinician-reviewed summaries to inform the goals and tasks a member brings to it.

Ask Muse how a lab result compares to a member’s optimal range before deciding whether to act on itHave Muse build or adjust a plan toward a health goal, using a member’s own Function insights as contextLet Muse flag when it’s time to schedule a member’s next Function lab visit, and follow up until it’s on the calendar

The Function health connector will roll out in the coming weeks. To learn more about Function or become a member, visit www.functionhealth.com.

About Function

Function is on a mission to enable everyone to live 100 healthy years. A groundbreaker in its category, Function has changed the game by making lab testing, MRI and CT, and longitudinal health data accessible, understandable, and actionable—serving millions. Function’s Medical Intelligence Lab™ (MI Lab™) is leveraging a dedicated clinical team to develop a continuous learning system that helps its members see, understand, and act on their biology over time. Members receive access to 160+ lab tests—including biannual testing—for just $365/year, equivalent to $1 per day, covering the heart, hormones, thyroid, liver, kidneys, heavy metal exposures, nutrient levels, inflammation, potential cancer signals, and more. Each member’s results are integrated into an intelligent, personalized interface designed to support powerfully informed decision-making. Function members can also access (for an additional cost) MRI and CT that are designed to see signs of cancer and hundreds of other conditions. Function believes everyone should have the power to own their health.

View original content to download multimedia:https://www.prnewswire.com/news-releases/function-now-connects-to-metas-muse-allowing-members-to-bring-their-personal-health-data-to-the-new-ai-agent-302872964.html

SOURCE Function Health

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Teletrac Navman Appoints Ricardo Buranello as CEO

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Alain Samaha to Continue Serving on Board of Directors

SYDNEY, Sept. 9, 2026 /PRNewswire/ — Teletrac Navman, a leading global provider of intelligent fleet and asset management solutions, today announced that it has named current Chief Financial and Operating Officer Ricardo Buranello as Teletrac Navman’s next Chief Executive Officer, effective October 1, 2026. Mr Buranello succeeds Alain Samaha, who will continue in the CEO role through September 30, 2026, to ensure a seamless transition. Mr Samaha will remain a member of Teletrac Navman’s Board of Directors and continue supporting the Company’s long-term vision and strategic planning.

Mr Buranello is a seasoned executive with more than two decades of international experience across telematics, IoT, and high-growth technology businesses. Having served as Chief Financial and Operating Officer since joining Teletrac Navman, he brings deep financial and operational expertise, a strong strategic orientation, and an intimate knowledge of the business that make him ideally suited to lead the Company into its next chapter. Mr Buranello previously held leadership roles at Telit Cinterion, Siemens and Totvs.

“This represents an ideal time for Teletrac’s next phase of leadership, and we’re confident that Ricardo is the right person for the job,” said Jonathan Olefson, Chairman of the Board at Teletrac Navman. “Ricardo is a proven, mission-oriented leader who understands our business from the inside out. We look forward to what he and the entire team will accomplish.”

“Alain helped transform Teletrac into a global leader in telematics and fleet management solutions. We are grateful for his vision, passion, and many contributions, and look forward to working with him on the Board,” continued Olefson.

Mr Samaha stated, “Leading Teletrac has been one of the great privileges of my professional life. I am proud of what we have done together, and I am equally excited about what lies ahead for Teletrac. Ricardo is the right leader for this moment. His strategic clarity and deep understanding of our business will serve Teletrac, our customers, and our employees well into the future.”

Mr Buranello added, “I am honoured by the trust the Board has placed in me and energised by the opportunities ahead. Our customers, employees, and partners can count on the same dedication to innovation, excellence, and delivering meaningful results that has been at the core of Teletrac since the beginning.”

Under Mr Buranello’s leadership, Teletrac Navman will continue advancing its cloud-based, AI-powered connected mobility platform while building on the growth, stability, and customer focus that have long defined the Company.

About Teletrac Navman

Teletrac Navman empowers the industries that transform and sustain our futures with simple and intelligent solutions that enhance the efficiency, safety, and sustainability of their operation. As a connected mobility platform for industries that manage vehicle and equipment assets, Teletrac Navman simplifies the complex so that its customers can transform the way they work through cloud-based solutions that leverage AI to unlock the power of operational insight. The company operates globally, with offices worldwide and headquarters in Northbrook, IL. For more information visit https://www.teletracnavman.com.au/.

About Respida

Respida is a software-focused private equity firm with decades of combined investing and operating experience. The firm partners with management teams at growth-oriented software and software-enabled companies, bringing hands-on operational rigor and financial discipline to drive growth and build durable market leaders. For more information, visit https://respida.com/.

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SOURCE Teletrac Navman

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Coda welcomes Bombay High Court judgment in its favor

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SINGAPORE, Sept. 8, 2026 /PRNewswire/ — Coda welcomed the Bombay High Court’s judgment on 2 September 2026 allowing the appeal by Coda Payments India and setting aside the orders that had kept its bank accounts and payment accounts frozen.

The judgment is a significant and positive outcome for Coda. We have been clear and consistent in our position throughout the proceedings and welcome the Court’s decision.

Coda has cooperated fully with the relevant authorities and respects the legal process. We now look forward to the judgment being implemented expeditiously and in full.

Coda remains committed to meeting all applicable legal and regulatory requirements in every market in which it operates.

The Bombay High Court’s judgment relates to the freeze on Coda Payments India’s bank accounts and payment accounts. Other related proceedings remain ongoing.

About Coda

Coda is a global leader in monetization, distribution, and commerce, trusted by the biggest names in gaming, entertainment, and technology, including Activision, Electronic Arts, Riot Games, Ubisoft, and Moonton. Founded in 2011 and headquartered in Singapore, Coda operates with 670+ employees worldwide, with core hubs in Asia and Europe. Coda combines payments, commerce, distribution, and rewards to drive global revenue growth for brands and publishers.

Coda’s products include Codapay, which provides access to 400+ payment methods across 80+ markets through a single API integration; Coda Webstore, which powers fully customized direct-to-consumer storefronts; Coda Consumer Platforms, including Codashop, Recharge.com, and Startselect.com; Coda Distribution, which extends reach through a network of commerce partners; and Giftcloud, a UK-based rewards business serving enterprise customers across Europe.

Coda is backed by Apis Partners, Insight Partners, Smash Capital, and GIC, and has been named an APAC High Growth Company (2023) by Financial Times, one of Granite Asia’s NextGenTech 30 (2024), a payments leader on Fortune’s Fintech Innovation Asia list (2024), and listed among The Straits Times Fastest Growing Fintechs (2024). For more on Coda, visit coda.co.

Press Contact
Coda:
Liz Adam
VP, Corporate Affairs
liz.adam@coda.co 

View original content:https://www.prnewswire.com/apac/news-releases/coda-welcomes-bombay-high-court-judgment-in-its-favor-302872984.html

SOURCE Coda

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