Global Metal Stamping Market 2019-2023 | 5% CAGR Projection Over the Next Four Years | TechnavioThe Associated Press
LONDON--(BUSINESS WIRE)--Apr 15, 2019--The global metal stamping market 2019-2023 is expected to post a CAGR of nearly 5% during the forecast period, according to the latest market research report by Technavio.
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Technavio has published a new market research report on the global metal stamping market from 2019-2023. (Graphic: Business Wire)
Precision metal stamping is generally used to produce large volumes of metal products. The automated process reduces labor and enables the production of precise parts with tight tolerances at high accuracy. Precision metal stamping can also be automated to include secondary operations in both die and press. This process is also suitable for several customized applications. Hence, the increasing demand for precision metal parts from end-user industries has increased the adoption of precision metal stamping. This is one of the key drivers that will fuel the growth of the global metal stamping market during the forecast period.
As per Technavio, the emergence of 3D printing and additive fabrication will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global metal stamping market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global metal stamping market: emergence of 3D printing and additive fabrication
Additive fabrication can produce complex shapes and reduce the wastage of raw materials. This process can manufacture different parts and reduces the need for other tools. The additive fabrication can also be integrated with existing manufacturing processes to reduce time and production costs. Further improvements in 3D print technology and its increased adoption will increase the adoption of additive fabrication. Hence, the advent of 3D printing and additive fabrication is expected to positively impact the growth of the global metal stamping market.
“ The increasing growth in the automobile sector coupled with favorable trade policies among many countries are factors that will further drive the global metal stamping market over the forecast period,” says an analyst at Technavio.
Global metal stamping market: segmentation analysis
This market report segments the global metal stamping market by end-user (automotive, industrial machinery, consumer electronics, aerospace and defense, and others) and geography (APAC, Europe, MEA, North America, and South America).
APAC led the market in 2018, followed by Europe, North America, South America, and MEA respectively. The dominance of APAC can be attributed to the growth of the automotive manufacturing industry and the expanding consumer base.
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- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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INDUSTRY KEYWORD: MANUFACTURING STEEL OTHER MANUFACTURING NATURAL RESOURCES MINING/MINERALS
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