Market Research Report
Metal Stamping Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Published by||IMARC Services Private Limited||Product code||945309|
|Published||Content info||110 Pages
Delivery time: 2-3 business days
|Metal Stamping Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
|Published: June 18, 2020||Content info: 110 Pages||
The global metal stamping market grew at a CAGR of around 3% during 2014-2019. Metal stamping can be defined as the process of using stamping presses to convert flat metal sheets into desired shapes. The process involves various complex metal forming techniques, such as blanking, punching, bending and piercing. Some of the most common types of metal stamping machines include mechanical, hydraulic and mechanical servo machines that are fitted with multiple dies to cut and shape the sheets of stainless steel and metals, such as aluminum, zinc and copper. In comparison to the traditionally used metal forming processes, these machines have lower production costs and can create large quantities of identical metal components at the same time.
A significant increase in the production rate of consumer electronics is one of the key factors driving the growth of the market. Metal stamping is used for producing metal frames that are used in mobile phones, headphones, speakers, gamepads and controllers. Furthermore, widespread adoption of the bending process across industries to improve the stability, durability and quality of the products is also providing a boost to the market growth. For instance, metal stamping is widely utilized in the aerospace industry to manufacture frames and channels that are used in ultra-lightweight aircraft. Additionally, the development of technologically advanced stamping methods, such as the computer-aided design (CAD) processes, is acting as another growth-inducing factor. These advancements enable the shaping of metal parts through highly precise and accurate computer-generated drawings. Other factors, including rapid industrialization, the advent of 3D printing technology and additive fabrication, and extensive research and development (R&D) activities, are projected to drive the market further. Looking forward, IMARC Group expects the market to witness stable growth during the forecast period (2020-2025).