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According to IMARC Group’s latest report, titled “Metal Stamping Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 198.3 Billion in 2021. Metal stamping refers to a cold-forming process that utilizes dies and stamping presses to transform flat metal sheets into specific spaces. It involves various metal forming techniques, such as punching, blanking, bending and piercing. Metal stamping is widely used to manufacture simple metal lamps, lighting parts, metal frames, antennas and camera lenses. As compared to other stamping processes, metal stamping is more cost-effective, involves a higher level of automation and offers an enhanced production rate. Consequently, metal stamping finds extensive application across various industries, such as automotive, aerospace, healthcare, defense, and telecommunications.
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The global metal stamping market is primarily being driven by the significant growth in the automotive industry and the increasing demand for electric and hybrid vehicles (EVs/HVs). Metal stamping is widely used to convert metal sheets into the interior and exterior parts of automobiles, including appliance and auto-body panels. Moreover, various technological advancements, such as the development of computer-aided design (CAD) processes that provide highly precise and accurate shaping of metals, are providing a considerable boost to the market growth. Furthermore, increasing utilizing of metal stamping in the manufacturing of consumer electronics, such as headphones, speakers and mobile phones, is anticipated to drive the market toward growth. Looking forward, IMARC Group expects the global metal stamping market to reach US$ 250 Billion by 2027, exhibiting at a CAGR of 3.5% during 2022-2027.
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