Metal Stamping Market: Current Trends and Opportunities, 2025Posted by Ryan Shaw on October 11th, 2019 The global Metal Stamping Market size is expected to reach USD 299.63 billion by 2025 registering a CAGR of 4.2%, according to a new report by Grand View Research, Inc. Growing demand from the automotive and electronics sectors is projected to augment the market development. Increasing global trade and rising competition are major drivers for the automotive industry. Asia is one of the major producers and consumers of automobiles. For instance, the Indian auto components sector reached around USD 51.2 billion in 2017. This sector accounts for 2.3 percent of country’s GDP. These factors are projected to drive the market. Moreover, major companies, such as Honda, Toyota, General Motors, Daimler Chrysler, and Volkswagen, have started moving their production bases in developing countries like India, which is projected to drive the market in the region. Hot stamping products have numerous growth opportunities. These products are thin and very strong and can be used to improve safety and strength while reducing the weight of the vehicles. Rising demand for metal stamping products in the electronics industry is also expected to drive the market in near future. Semiconductors used in mobile devices can be manufactured with different combinations of resins and fibers by using embossing and other techniques, which is projected to propel the market growth. However, rise in use of polymer products is projected to critically impact the market during forecast period. Auto-makers prefer polymers over metals as it helps reduce the weight of vehicles, thereby improving the overall efficiency. Technological advancements in this sector have enabled replacement of steel with high-performance polymers, such as thermoplastics, in different applications. Browse Details of Report @ Further key findings from the study suggest:
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