19-Aug-2019: The global metal stamping
market size is expected to reach USD 299.63 billion by
2025 registering a CAGR of 4.2%, according to a new report by Grand View
Research, Inc. Growing demand from the automotive and electronics sectors is
projected to augment market development. Increasing global trade and rising
competition are major drivers for the automotive industry. Asia is one of the
major producers and consumers of automobiles. For instance, the Indian auto
components sector reached around USD 51.2 billion in 2017. This sector accounts
for 2.3 percent of country’s GDP. These factors are projected to drive the
market.
Moreover, major
companies, such as Honda, Toyota, General Motors, Daimler Chrysler, and
Volkswagen, have started moving their production bases in developing countries
like India, which is projected to drive the market in the region. Hot stamping
products have numerous growth opportunities. These products are thin and very
strong and can be used to improve safety and strength while reducing the weight
of the vehicles. Rising demand for metal stamping products in the electronics
industry is also expected to drive the market in near future.
Semiconductors used
in mobile devices can be manufactured with different combinations of resins and
fibers by using embossing and other techniques, which is projected to propel
the market growth. However, rise in use of polymer products is projected to
critically impact the market during forecast period. Auto-makers prefer
polymers over metals as it helps reduce the weight of vehicles, thereby
improving the overall efficiency. Technological advancements in this sector
have enabled replacement of steel with high-performance polymers, such as
thermoplastics, in different applications.
In
depth research report on Metal Stamping Market
Further key findings from the study suggest:
·
In terms of revenue, blanking segment is anticipated to
register the highest CAGR of 4.6% over the forecast years
·
Automotive application led the global metal stamping market
in 2018 accounting for a market share of 36.4%
·
Asia Pacific is anticipated to be the largest and
fastest-growing regional market during the forecast period
·
In terms of revenue, CSA is projected to be the second
fastest-growing regional market
·
Growing automotive sector coupled with increasing electronics
demand in CSA is likely to drive the regional market
·
Some of the key companies in the market are Acro Metal
Stamping; Lindy Manufacturing Co.; Alcoa, Inc.; Manor Tool & Manufacturing
Company; Kenmode Precision Metal Stamping; and D&H Industries
Grand View Research
has segmented the global metal stamping market on the basis of process,
application, and region:
Metal Stamping Process Outlook (Revenue, USD Billion, 2014 -
2025)
·
Blanking
·
Embossing
·
Bending
·
Coining
·
Flanging
·
Others
Metal Stamping Application Outlook (Revenue, USD Billion,
2014 - 2025)
·
Automotive
·
Industrial Machinery
·
Consumer Electronics
·
Aerospace
·
Electrical & Electronics
·
Telecommunications
·
Others
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About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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