The
global metal stamping market is expected to reach USD
299.6 billion by 2025, according to a new report by Grand View Research, Inc.
The increasing use of sheet metal in application industries such as automotive,
industrial machinery, and consumer electronics is expected to drive industry
growth.
Rising number
of fabricators in Asia Pacific region is expected to be a key driving factor
for the industry. The increasing R&D investment by companies to improve
efficiency and operational-ability of stamping machinery is expected to promote
growth over the forecast period.
Metal prices
have seen constant fluctuations in the past few decades. The growing demand
from end-use industries as well as economic growth and its subsequent decline
has resulted in volatility in the prices. However, the prices witnessed an
overall downfall in the recent past which is expected to aid the use of metal
and stamping processes.
The stamping
industry is highly competitive with a presence of companies catering to local
as well as global market. Players in the industry compete on the basis of
service, customized products and expertise in the manufacturing of stamped
parts and sign a long-term agreement with the OEMs to ensure constant demand.
U.S. metal
stamping market revenue, by process, 2014 - 2025 (USD Billion)
Browse full
research report on Metal Stamping Market: http://www.grandviewresearch.com/industry-analysis/metal-stamping-market
Further
key findings from the report suggest:
- Blanking is an integral part of
the automobile manufacturing chain and is expected to witness significant
growth in demand over the forecast period owing to its precise and
superior blanking technologies introduced in the industry
- The use of laser embossing for
engraving patterns and dates on automotive components and on license
plates is expected to augment the demand for the process and is projected
to account for 22.2% by 2025
- Metal stamping in automotive
application to manufacture auto-body components such as tailgate, trunk
lid, door, bonnet, and hood dominated the global market in 2016 and is
expected to account for 33.2% of the overall revenue share in 2025
- Consumer electronics is expected
grow at a CAGR of 6.0% over the forecast period on account of the growing utilization
of lightweight metal parts to enhance impact resistance of electronic
components
- Asia Pacific accounted for 34.8%
of the overall revenue share in 2016 on account of the increased
production of industrial machinery in Asian countries owing to favorable
government initiatives to promote industrialization
- Companies such as Alcoa have
goodwill in the industry; which provides them with the leverage over the
local manufacturers and has the ability to cater to the bulk requirements
of the major players from application industries
Browse more
reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/hvac-and-construction-technologies
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
Metal
Stamping Regional Outlook (Revenue, USD Billion, 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- U.K
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Middle
East & Africa
Access
Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-metal-stamping-market
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, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
No comments:
Post a Comment