Report ID: SQMIG15J2048
Metal Stamping Market Size, Share, Growth Analysis, By Process(Blanking, Embossing, Bending, Coining), By Application(Automotive, Industrial Machinery, Consumer electronics, Aerospace), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15J2048 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|
Tables:
71 |
Figures:
75
Metal Stamping Market Regional Insights
Asia Pacific accounted for a share of revenue of more than 36.0% in 2022 and is expected to have the fastest CAGR over the forecast period due to the region's growing demand for automobiles and consumer electronics. Rising demand for phones and other consumer gadgets is predicted to boost industry growth in developing countries such as China, India, Bangladesh, Indonesia, & Pakistan. Growing industrialization, infrastructure development, and growth in the defense industry are expected to drive demand for equipment and machinery in Asia Pacific.
The increased production of aluminum hoods is expected to stimulate stamped product demand in the future years. Due to the existing automotive industry and the rising consumer electronics industry, Europe accounted for a considerable revenue share in 2022. The region has severe laws in place to improve fuel economy, which is growing demand for EVs. According to the International Energy Agency, global EV sales will exceed 44 million vehicles per year by 2030. The increasing need for electric cars is expected to boost market growth in the coming years.
Metal Stamping Market Report Snapshots
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