Metal Stamping Market Esmated to Reach $257.1 Billion by 2028 Globally, at a CAGR of 3.7%, says MarketsandMarkets™ The metal stamping market is projected to grow from USD 213.8 billion in 2023 to USD 257.1 billion by 2028, at a CAGR of 3.7% during the forecast period, as per the recent study by MarketsandMarkets™. The growth is supported by the growing demand for metal-stamped components from manufacturers of electric vehicles, medical devices, and industrial machinery. The growing demand for lightweight materials such as aluminum and tanium is a key market driver. Due to their increased performance, decreased carbon emissions, and increased fuel efficiency, lightweight materials find high demand in industries like automove and aerospace. These materials have high strength-to-weight raos and can produce lightweight parts and components through metal stamping, making them ideal in applicaons where weight reducon is crucial. Download PDF Brochure: hps://www.marketsandmarkets.com/pdfdownloadNew.asp?id=43712960 Browse in-depth TOC on "Metal Stamping Market”. 145- Market Data Tables 47- Figures 210- Pages List of Key Players in Metal Stamping Market: Gestamp Automoción, S.A. (Spain) Arconic Corporaon (US) American Axle & Manufacturing Holdings, Inc. (US) CIE Automove S.A. (Spain) Interplex Holdings Pte. Ltd. (Singapore) AAPICO Hitech Public Company Limited (Thailand) Clow Stamping Company (US) Wiegel Tool Works, Inc. (US) Harvey Vogel Manufacturing Co. (US) ACRO Metal Stamping (US) Boker’s, Inc. (US) Kenmode, Inc. (US) Others Drivers, Restraints, Opportunies and Challenges in Metal Stamping Market: Drivers: Technological advancements and growing adopon of automaon are the major drivers of the metal stamping market. Restraints: Fluctuang raw material prices
Metal Stamping Market.pdf
Jul 07, 2023
The metal stamping market is projected to grow from USD 213.8 billion in 2023 to USD 257.1 billion by 2028, at a CAGR of 3.7% during the forecast period, as per the recent study by MarketsandMarkets™. The growth is supported by the growing demand for metal-stamped components from manufacturers of electric vehicles, medical devices, and industrial machinery. The growing demand for lightweight materials such as aluminum and titanium is a key market driver. Due to their increased performance, decreased carbon emissions, and increased fuel efficiency, lightweight materials find high demand in industries like automotive and aerospace. These materials have high strength-to-weight ratios and can produce lightweight parts and components through metal stamping, making them ideal in applications where weight reduction is crucial.
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Related Documents
