Metal Stamping Market To Bolster The Industry Growth To Reach $ 299.63 Billion By 2025 : Grand View Research Inc.
San Francisco, 22 October 2019: The Report Metal Stamping Market Size, Share & Trends Analysis Report By Process (Embossing, Blanking, Bending), By Application (Automotive, Industrial Machinery), By Region (MEA, North America, APAC), And Segment Forecasts, 2019 – 2025 The global metal stamping market size is expected to reach USD 299.63 billion by 2025 registering a CAGR of 4.2%, according to a new report by Grand View Research, Inc. Growing demand from the automotive and electronics sectors is projected to augment the market development. Increasing global trade and rising competition are major drivers for the automotive industry. Asia is one of the major producers and consumers of automobiles. For instance, the Indian auto components sector reached around USD 51.2 billion in 2017. This sector accounts for 2.3 percent of country’s GDP. These factors are projected to drive the market. Moreover, major companies, such as Honda, Toyota, General Motors, Daimler Chrysler, and