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Automotive demand to drive growth in metal stamping through 2019
- December 15, 2014
- News Release
- Bending and Forming
With the increasing demand from the automotive industry, the global metal stamping market is growing at a steady pace. According to “Global Metal Stamping Market 2015-2019,” a new industry research report from Infiniti Research Ltd. at ReportsnReports.com, it is expected to continue growing at a compound annual growth rate of 3.02 percent from 2014 to 2019. Some of the key drivers in the market are increased demand for metal components, low-cost method of metal forming, and increase in outsourcing of stamping.
With the increasing use of metals in various fields such as transportation, aerospace, automotive, and precision engineering, the demand for metal working and metal stamping tools also has increased.
Some of the emerging trends in the global metal forming market are an increase in mergers and acquisitions in the industry, emergence of next-generation metal stamping, and replacement of ferrous materials with nonferrous materials. However, the biggest challenge to the growth of the market is the increased use of forging and casting processes for metal forming.
To order a copy of the report at a discounted price, visit www.reportsnreports.com/contacts/discount.aspx?name=319941.
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The Fabricator is North America's leading magazine for the metal forming and fabricating industry. The magazine delivers the news, technical articles, and case histories that enable fabricators to do their jobs more efficiently. The Fabricator has served the industry since 1970.
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- Published:
- 03/05/2024
- Running Time:
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After Ludlow Manufacturing Inc. (LMI) received The Fabricator's 2024 Industry Award, Todd Ludlow, founder and president of the...
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