London, 26 November 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Metal Stamping Market 2015-2019, which is expected to grow at a CAGR of 3.02 percent during the forecast period of 2015-2019.
The growth of the Global Metal Stamping market is highly dependent on the production and consumption of various metals worldwide. The increased need for metals in the Automotive, Transportation, Precision Engineering, and Aerospace industries has led to increased dependence on metal working and metal stamping tools.
“The increased need to provide quality products and the reduction in the overall weight of products have forced companies across industries to use non-ferrous materials as an alternative to ferrous materials,” says Faisal Ghaus, Vice President of TechNavio.
“The increased use of non-ferrous materials for forming metal has led to an increase in demand for metal stamped products worldwide.”
Key Market Drivers
- Increased Demand from Automotive Industry
- Low-cost Method of Metal Forming
- Increased Demand for Metal Components
- Increase in Outsourcing of Stamping
Key Market Trends
- Emergence of Next Generation Metal Stamping
- Replacement of Ferrous Materials with Non-ferrous Materials
- Increase in Mergers and Acquisitions
Key Market Vendors
- Alcoa Inc.
- American Axle & Manufacturing Holdings Inc.
- Magna International Inc.
- ThyssenKrupp AG
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
