Metal Stampings, Forgings and Castings : A Global Strategic Business Report
San Jose, California (PRWEB) June 06, 2014
Follow us on LinkedIn – Metal stamping, forging and castings are critical to the production of a range of manufactured parts and finished goods. While metal stamping helps in transforming flat metal sheets into desired shapes at ambient temperature, forging represents processes where compressive forces are applied on pre-formed metal blocks to produce high-strength parts for a range of durable goods. Casting on the other hand is a metal modification process that uses molten metal injected or poured into a custom mold where it solidifies and forms a molded product. Metal stamping, forgings and castings therefore will experience steady demand as long as there is demand for manufactured durable goods such as automobiles, electronic devices, household appliances, and machinery/ equipment, among others.
Recovering global purchasing managers' index (PMI) is helping spur investments in production machinery and parts thus benefitting the market for metal stamping, forgings and castings. Manufacturing output worldwide expanded and ended on an encouraging year-end performance in the year 2013 largely due to the recovery in demand and trade in countries such as United States, Japan and Germany. PMI indices in European countries are also on the rise supported by the fragile recovery of EU economies from the prolonged debt crisis. Federal support and stimulus grants have bolstered industrial output in these markets.
China, India, and other developing countries in Asia-Pacific such as Taiwan, Singapore, Korea and Indonesia, among others will spearhead global growth, as these countries emerge as manufacturing hubs in the global market.
Stringent focus on final product quality among key end-use industries such as automobiles, aircrafts, and industrial machinery is exerting pressure on the development of innovative solutions for stamping, forging and casting with newer capabilities, functions and features. In the automobile industry for instance, reinvention of manufacturing standards, changes in metal composition used in the production of vehicle structures, and increasing use of lightweight, higher strength steel, is creating the need for cutting edge metal stamping processes. Technological advancements in the field of robotic metal stampings, forgings and castings, in this regard, are poised to benefit the market in the coming years.
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 9.9 % over the analysis period. Growth in the region is led by expanding manufacturing base, strong economic growth, rising disposable incomes, and increased domestic consumption of goods and services. Metal Stampings represents the largest product market, while Non-Ferrous Metal Castings is forecast to emerge as the fastest growing market.
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., Hayes Lemmerz International Inc., Magna International Inc., Meridian Lightweight Technologies Inc., Metaldyne Corporation, Precision Castparts Corp., Wyman-Gordon , Shiloh Industries Inc., SeAH Besteel Corporation, Sumitomo Corporation, ThyssenKrupp AG, Tower International, voestalpine AG, and Worthington Industries Inc.
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 the market trends, growth drivers, issues, and recent industry activity of major companies worldwide. The report provides market estimates and projections in US dollars for all major geographic markets including the United States, 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. Key Product Group/Segments analyzed include Metal Stampings, Metal Forgings (Iron & Steel Forgings, Non-Ferrous Forgings), Ferro-Alloy Castings (Gray Iron Castings, Ductile Iron Castings, Malleable Iron Castings, Carbon Steel Castings, High Alloy Steel Castings, Other Alloy Steel Castings), Non-Ferrous Metal Castings (Aluminum Castings, Copper Castings, Lead Castings, Magnesium Castings, Zinc Castings and Other Non-Ferrous Metal Castings).
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