Press release
Forging And Stamping Market Forecast 2020-2030 Growth Analysis, Opportunities, Trends
The Business Research Company
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.
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The global forging and stamping market is expected to decline from $259.2 billion in 2019 to $222.2 billion in 2020 at a compound annual growth rate (CAGR) of -14.3%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $258.9 billion in 2023.
Robotic automation systems are one of the major trends in metals stamping industry. Robotic automation systems are being implemented by the companies to improve safety and quality, reduce costs, and increase productivity. FANUC, Motoman, KUKA and ABB are the major suppliers of Robotic automation systems.
Forging And Stamping Market Segmentation:
By Type
1. Iron And Steel Forging
2. Nonferrous Forging
3. Custom Roll Forming
4. Powder Metallurgy Part Manufacturing
By End-User Industry
1. Automotive
2. Construction
3. Food & Beverage Packaging
4. Machinery
5. Metal Products
6. Others
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Forging And Stamping Market Characteristics
4. Forging And Stamping Market Product Analysis
5. Forging And Stamping Market Supply Chain
……
19. Forging And Stamping Market Competitive Landscape
20. Key Mergers And Acquisitions In The Forging And Stamping Market
21. Market Background: Metal Products Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer
The report covers the trends and market dynamics of the forging and stamping market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the forging and stamping market are Magna International, ThyssenKrupp, Martinrea International, Harvey Vogel Manufacturing, Alcoa
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The Business Research Company
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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