Research and Markets Adds New Report on Metal Stamping Industry in the US

Research and Markets has announced the addition of the "Metal Stamping Industry in the US 2012-2016" report to their offering.

The analysts forecast the Metal Stamping industry in the US to grow at a CAGR of 7.91 percent over the period 2012-2016. One of the key factors contributing to this growth is the growing demand from the Automotive industry. The Metal Stamping industry in the US has also been witnessing the steady replacement of ferrous castings with non-ferrous materials. However, the high cost of raw materials could pose a challenge to the growth of this industry.

The key vendors dominating this industry space include Fiat S.p.A, Ford Motor Co., General Motors Co., Harvey Vogel Manufacturing Co., Magna International Inc., Martinrea International Inc., and Toyota Motor Corp.

The other vendors mentioned in the report are BMW AG, Chrysler Group LLC, Micro Stamping Corp., SGL Automotive Carbon Fibers GmbH and Co KG, Shiloh Industries Inc., The Boeing Co., Volkswagen AG, Whirlpool Corp., and Tower International Inc.

Commenting on the report, an analyst from the Engineering team said: With the need to improve product quality and reduce the overall weight of products, companies across industries including Automotive and Heavy Industries have started to develop lightweight products. For instance, the automotive companies use non-ferrous metal components to reduce vehicle weight in order to improve the fuel economy standards with superior quality. Aluminum-stamped products are lightweight and non-brittle to sudden temperature changes, as compared to iron casting products. Also, the usage rate of gray iron in the Automotive industry is steadily declining. Thus, ferrous materials for auto components are being steadily replaced by non-ferrous products such as aluminum, zinc, and magnesium castings.

For more information visit http://www.researchandmarkets.com/research/9r2htk/metal_stamping

Source: http://www.researchandmarkets.com

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Research and Markets. (2019, February 09). Research and Markets Adds New Report on Metal Stamping Industry in the US. AZoM. Retrieved on February 28, 2024 from https://www.azom.com/news.aspx?newsID=37425.

  • MLA

    Research and Markets. "Research and Markets Adds New Report on Metal Stamping Industry in the US". AZoM. 28 February 2024. <https://www.azom.com/news.aspx?newsID=37425>.

  • Chicago

    Research and Markets. "Research and Markets Adds New Report on Metal Stamping Industry in the US". AZoM. https://www.azom.com/news.aspx?newsID=37425. (accessed February 28, 2024).

  • Harvard

    Research and Markets. 2019. Research and Markets Adds New Report on Metal Stamping Industry in the US. AZoM, viewed 28 February 2024, https://www.azom.com/news.aspx?newsID=37425.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit
Azthena logo

AZoM.com powered by Azthena AI

Your AI Assistant finding answers from trusted AZoM content

Your AI Powered Scientific Assistant

Hi, I'm Azthena, you can trust me to find commercial scientific answers from AZoNetwork.com.

A few things you need to know before we start. Please read and accept to continue.

  • Use of “Azthena” is subject to the terms and conditions of use as set out by OpenAI.
  • Content provided on any AZoNetwork sites are subject to the site Terms & Conditions and Privacy Policy.
  • Large Language Models can make mistakes. Consider checking important information.

Great. Ask your question.

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.