The new metal stamping market research from Technavio indicates Neutral growth in the short term as the business impact of COVID-19 spreads.One of the primary growth drivers for this market is the benefits of precision metal stamping," says a senior analyst for Industrials at Technavio.To get more news about stamping parts china, you can visit tenral.com official website.

Metal stamping enables the quick and cost-efficient production of precision metal parts, required in many end-user industries. It is an automated process that reduces labor costs, especially as production volumes increase. Moreover, it offers a high degree of design flexibility to define and implement small features with tight tolerance and unique configurations. As a result of these benefits, the demand for metal stamping is increasing rapidly among end-user sectors.
The metal stamping market is expected to post a year-over-year growth rate of 1.49%.
Factors such as the increasing demand for passenger cars, growing preference for electric vehicles/hybrids over internal combustion engines (ICE), and rising adoption of hot stamping technology are expected to drive the demand for metal stamping parts in the automotive industry during the forecast period.
In addition, factors such as increased spending on new production facilities in emerging markets and rising investments in major car-producing countries like China, Japan, and India are expected to fuel the demand for motor stamped parts in the automotive industry during the forecast period.