The IMARC Group provides extensive analysis of the metal stamping industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on metal stamping market size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The market is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the global and regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.
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The global metal stamping market reached a value of US$ 198.3 Billion in 2021. Metal stamping is a manufacturing process that transforms flat metal sheets into three-dimensional shapes. This process involves punching, blanking, piercing and bending. Hydraulic, mechanical and mechanical servo are the most common types of metal stamping machines. They are fitted with multiple dies to cut and shape stainless steel and metal sheets, such as aluminum, zinc, and copper. These machines aid in lowering production costs while manufacturing large quantities of identical metal components. Metal stamping is utilized in various industries, such as consumer electronics and automotive.
The global market is primarily being driven by technical innovations and advancements in the automotive industry. A significant increase in the production of consumer electronics is acting as another major growth-inducing factor. In line with this, metal stamping is used to produce metal frames for mobile phones, speakers, headphones, and game controllers. Furthermore, the demand for manufacturing and improving the stability, durability and quality of ultra-lightweight aircraft in the aerospace sector is creating a positive outlook for the market. Other factors, such as the utilization of computer-aided design (CAD) processes and 3D printing that enable the shaping of metal parts through highly precise drawings, along with extensive research and development (R&D) activities, are driving the market toward growth. Looking forward, IMARC Group expects the global metal stamping market to reach US$ 250 Billion by 2027, exhibiting at a CAGR of 3.5% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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