The global metal stamping market is expected to grow by USD 28.41 billion as per Technavio. This marks a significant market slow down
compared to the 2019 growth estimates due to the impact of the COVID-19
pandemic in the first half of 2020. However, steady growth is expected
to continue throughout the forecast period, and the market is expected
to grow at a CAGR of almost 4%.To get more news about
metal stamping china, you can visit tenral.com official website.
Technavio has announced its latest market research report titled Global Metal Stamping Market 2020-2024
Read the 120-page report with TOC on “Metal Stamping Market Analysis Report by End-user (Automotive, Industrial machinery, Consumer
electronics, Aerospace and defense, and Others), Geography (APAC,
Europe, North America, South America, and MEA), and the Segment
Forecasts, 2020-2024”. Gain competitive intelligence about market
leaders. Track key industry opportunities, trends, and threats.
Information on marketing, brand, strategy and market development, sales,
and supply functions.
The metal stamping market is driven by the benefits of precision metal
stamping. In addition, the emergence of 3D printing and additive
fabrication is anticipated to boost the growth of the metal stamping
market.
Precision metal stamping offers quick and cost-effective production of metal parts. It is an automated process that reduces labor costs
significantly, especially during high production volumes. In addition,
precision metal stamping provides a high degree of design flexibility to
define and implement small features with tight tolerances. It can also
be automated to produce complex and custom parts with high accuracy.
Many such benefits are increasing the adoption of precision metal
stamping across end-user industries and thus driving the growth of the
global precision metal stamping market.
