The Business Research Company’s forging and stamping global market report, covers the year-on-year growth of the global forging and stamping market historic and forecast growth. It also includes chapters on the forging and stamping market trends, geographical analysis, and competitive landscape.
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The global forging and stamping market size is expected to reach a higher value by 2022, significantly growing at a steady CAGR during the forecast period.
Forging And Stamping Market Trends
The forging and stamping market consists of sales by entities (organizations, sole traders and partnerships) primarily engaged in one or more of the following: manufacturing forgings from purchased metals; manufacturing metal custom roll forming products; manufacturing metal stamped and spun products (except automotive, cans, coins); and manufacturing powder metallurgy products.
Robotic automation systems are being adopted and implemented in the metals stamping industry. The companies to improve safety and quality, reduce costs, and increase productivity are implementing robotic automation systems.
The global forging and stamping market is primarily driven by in new vehicle sales in rapidly developing countries such as china and India owing to rise in disposable income, increased demand for hybrid electric vehicles, availability of credit and low fuel prices.
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the global forging And Stamping market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With increase in positive economic outlook, emerging markets growth, the global forging and stamping market is expected to increase in potential and scope. TBRC’s report also covers the forging and stamping drivers and restraints in the market.
The global forging and stamping market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global forging and stamping market report are Magna International, ThyssenKrupp, Martinrea International, Harvey Vogel Manufacturing, Alcoa.
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