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Global Metal Stamping Market Report 2023: Sector to Reach $281.5 Billion by 2030 at a 3.4% CAGR
DUBLIN, May 19, 2023 /PRNewswire/ -- The "Global Metal Stamping Market Size, Trends, By Process, By Material, By Application, By Region: Growth Opportunity Analysis and Industry Forecast, 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Metal Stamping Market was valued at USD 205.1 billion in 2022 and is expected to expand to USD 281.5 billion by 2030, at a CAGR of 3.40% during the forecast period 2023-2030.
Market Drivers
The increase in the consumer electronics industry is one of the key driving factors based on the application of metal frames in mobile phones, speakers, headphones, and gamepads & controllers. The increase in technological developments and innovations in the automotive industry increases the demand for metal stamping which acts as a major driving factor for the global metal stamping market. The metal stamping process is extensively used in the manufacturing of automobiles.
Furthermore, the increasing demand for metal stamping by various industries such as consumer electronics, electrical & electronics, telecommunication, engineering machinery, and aerospace influence the market growth.
Market Restraints
The high prices of raw materials are challenging the metal stamping market in the forecast period of 2023-2030. Also, the growth in the usage of other substitute processes in the production of heavy metals due to their flexibility & quality product and the emergence of alternatives such as plastic & composites are factors expected to restrain the global metal stamping market growth.
Regional Analysis
The global metal stamping market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The Asia-Pacific region dominates the metal stamping market and is expected to witness the highest CAGR owing to the rising demand for mobile phones, cars, and consumer electronics, and especially high demand in developing countries such as India, Indonesa, Bangladesh, Pakistan, and China. The rapid industrialization coupled with the development of infrastructure and growth in the defense industry is projected to have a positive impact on the demand for metal stamping in the Asia Pacific region.
Market Taxonomy
By Process
By Material
- Steel
- Aluminum
- Copper
- Others
By Application
- Automotive
- Industrial Machinery
- Consumer Electronics
- Aerospace & Defense
- Others
By Region
- North America
- U.S
- Canada
- Mexico
- Latin America
- Brazil
- Argentina
- Colombia
- Peru
- Chile
- Venezuela
- Rest of Latin America
- Europe
- Germany
- France
- UK
- Russia
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- New Zealand
- Singapore
- Malaysia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Tanzania
- Rest of The Middle East & Africa
Key Question Addressed by the Report
- What are the Key Opportunities in the Global Metal Stamping Market?
- What will be the growth rate from 2023 to 2030?
- Which segment/region will have the highest growth?
- What are the factors that will impact/drive the Market?
- What is the role of key players in the value chain?
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Global Metal Stamping Market Outlook
5 Global Metal Stamping Market, By Process
6 Global Metal Stamping Market, By Material
7 Global Metal Stamping Market, By Application
8 Global Metal Stamping Market, By Region
9 North America Metal Stamping Market Analysis and Forecast (2023-2030)
10 Europe Metal Stamping Market Analysis and Forecast (2023-2030)
11 Asia Pacific Metal Stamping Market Analysis and Forecast (2023-2030)
12 Latin America Metal Stamping Market Analysis and Forecast (2023-2030)
13 Middle East Metal Stamping Market Analysis and Forecast (2023-2030)
14 Competitive Analysis
15 Company Profiles
Companies Mentioned
- Arconic
- ACRO Building Systems.
- Manor Tool & Manufacturing Company
- LINDY MANUFACTURING CO
- D&H Industries Inc.
- Kenmode Inc.
- Klesk Metal Stamping Co.
- Aro Metal Stamping Company Inc.
- Tempco Manufacturing Company Inc.
- Interplex Holdings Pte. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/maalg3
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