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