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Electronic Stamping Parts Market Size, Revenue, Worth, Industry Analysis | Valuates Reports
Electronic Stamping Parts MarketThe global Electronic Stamping Parts market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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Trends Influencing the Growth of the Electronic Stamping Parts Market
Based on the use of metal frames in mobile phones, headphones, speakers, and gamepads & controllers, the expanding consumer electronics sector is projected to continue to be a major driving driver. Due to its high tolerance, corrosion resistance, electrical conductivity, and clean finish, Electronic stamping is utilized in mobile phones to manufacture antennas, chassis, and camera lens holders. These factors are expected to drive the growth of the Electronic Stamping Parts Market.
It is projected that the market for alternatives would be driven by the rising production of lightweight cars as a result of the strict regulatory requirements in various nations. For example, changes to the Corporate Average Fuel Economy (CAFE) standards in the United States to improve fuel efficiency are boosting the use of these alternative goods in vehicles, which is anticipated to hurt the market for Electronic stamping. These factors are expected to drive the growth of the Electronic Stamping Parts Market.
Electronic Stamping Parts Market Share Analysis
The highest revenue share came from the Asia Pacific region. The demand for phones and other consumer electronics is expected to rise in emerging nations like China, India, Bangladesh, Indonesia, and Pakistan, which are primarily driving the market expansion.
Key Segmentations
By Company
• All-New Stamping
• Wiegel Tool Works
• Pacific Metal Stampings
• Stansomatic
• New Hampshire Stamping Co., Inc.
• Manor Tool
• Oscar Precision Co., Ltd.
• HLC Manufacturing
• Ultra
• Tempco Manufacturing
• Ken-tron
• JM PRESSING
• Ming Chiang
• D&H Industries
• Galaxy Tech
• Shenzhen Bailian Hardware Co., Ltd
Segment by Material
• Stainless Steel
• Aluminum
• Copper
• Others
Segment by Application
• Aerospace
• Consumer Electronics
• Communication Communication
• New Energy
• Automotive
• Industry
• Medical
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