Radiant Insight Announce Addition of
New Report “Metal
Stamping Market Analysis By Process (Blanking, Embossing, Bending, Coining,
Flanging), By Application (Automotive, Industrial Machinery, Consumer
Electronics), And Segment Forecasts, 2014 - 2025”
Description
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.
Request Sample Copy of Report- https://www.radiantinsights.com/research/metal-stamping-market/request-sample?utm_source=Pr&utm_campaign=Nikkhhil
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.
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
View Full Report at- https://www.radiantinsights.com/research/metal-stamping-market?utm_source=Pr&utm_campaign=Nikkhhil
About Us
Radiant
Insights is a market research and consulting company offering syndicated
research studies, customized reports, and consulting services. Our market
research studies are designed to facilitate strategic decision making, on the
basis of extensive and in-depth quantitative information, supported by
extensive analysis and industry insights. Using a patented and robust research
methodology, we publish exhaustive research reports covering a host of
industries such as Technology, Chemicals, Materials, and Energy. Radiant
Insights has a strong base of analysts, consultants and domain experts, with
global experience helping us deliver excellence in all research projects we
undertake
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