Projected Increase in Automobile Manufacturing to Drive the Metal Stampings, Forgings, and Castings Market, According to New Report by Global Industry Analysts, Inc.

Share Article

GIA announces the release of a comprehensive global report on Metal Stampings, Forgings, and Castings markets. Global market for Metal Stampings, Forgings, and Castings is projected to reach US$472.2 billion by 2020, driven by resurgence in the global manufacturing sector and increase in production of automobiles and automobile parts.

Metal Stampings, Forgings, and Castings: A Global Strategic Business Report

Follow us on LinkedIn – Metal stamping, forging and castings are important manufacturing processes that are critical to the production of a range of manufactured parts and finished goods. Metal stamping helps in transforming metals, typically flat metal sheets into desired shapes at ambient temperature by pressing, shearing, bending, folding and stretching. Forging, on the other hand, represents a process where compressive forces are applied on pre-formed metal blocks, typically heated to high temperature, to produce high-strength parts for a range of durable goods. Casting is a metal modification process that uses molten metal injected or poured into a custom mold where it solidifies and forms a molded product. Manufacturing plants related to heavy industrial machinery, automobiles, and household appliances, among others, are heavy users of metal stamping, forgings and casting technologies.

Growth in the market is influenced largely by the demand for manufactured durable goods such as automobiles, computers, and construction equipment, among others. This is because any increase in demand for manufactured durable goods warrants their increased production, involving processes such as metal stamping, forging and castings. Automotive industry represents a prominent end-use market with growth supported by the projected rise in demand for automobiles and automobile parts and components. Aluminum castings are especially poised to benefit, given the growing use of light-weight aluminum parts in automobile interior and exteriors. Projected rise in demand for and production of heavy industrial machinery against the backdrop of improving construction, mining and oil & gas activity is also expected to drive growth in the market. Increasing investments in renewable energy infrastructure and the ensuing development of clean energy infrastructure will spur demand for metal stamping, forging and castings in the manufacture of collecting towers, solar panels/photovoltaic cells, and turbines.

As stated by the new market research report on Metal Stampings, Forgings, and Castings, Europe represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 7.4% over the analysis period. Growth in the region is driven by steady manufacturing activity, particularly outsourced manufacturing in low-cost nations such as India, China, Korea, and Taiwan. Despite growing demand for Ferro-Alloy Castings, Non-Ferrous Alloy Castings market is fast gaining ground given its ability to meet manufacturing challenges involved in developing complex structural shapes.

Key players covered in the report include Alcoa Inc., American Axle & Manufacturing Holdings Inc., Amtek Engineering Ltd., Anchor Lamina Inc., Bharat Forge Limited, Doncasters PLC, Georg Fischer Ltd., Magna International Inc., Meridian Lightweight Technologies Inc., Metaldyne Corporation, Precision Castparts Corp., Wyman-Gordon (Subsidiary of Precision Castparts), SeAH Besteel Corporation, Shiloh Industries Inc., Sumitomo Corporation, Tower International, voestalpine AG, and Worthington Industries Inc., among others.

The research report titled “Metal Stampings, Forgings, and Castings: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, service innovations and launches, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. Product segments analyzed in the report include Metal Stampings, Metal Forgings (Iron & Steel Forgings and Non-Ferrous Forgings), Ferro-Alloy Castings (Gray Iron Castings, Ductile Iron Castings, Malleable Iron Castings, Carbon Steel Castings, High Alloy Steel Castings, and Other Alloy Steel Castings), and Non-Ferrous Metal Castings (Aluminum Castings, Copper Castings, Lead Castings, Magnesium Castings, Zinc Castings, and Other Non-Ferrous Metal Castings).

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Metal_Stampings_Forgings_and_Castings_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

###

Share article on socal media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website