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.
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.
Looking for more information on this market? Request for a free sample report
Technavios sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- 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
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavios report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at [email protected].
Media & Marketing Executive
+1 844 364 1100
UK: +44 203 893 3200