New York, December 23, 2020 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Metal Size, Share & Trend Analysis Report by Product, By Demand, By Department and Segment Projections , 2020 – 2027 “- https://www.reportlinker.com/p05999601/?utm_source=GNW
Metal market growth and trends
The global metal foot market size is expected to reach USD 47.39 billion by 2027. It is expected to expand at a CAGR of 3.2% from 2020 to 2027. It is expected to grow a growing choice for the metal group in smartphones, computers -students, and notebooks market growth over the expected period.
Metal cover is referred to as an exterior component used in several products, such as phone, tablet, laptop, and notebook. It is produced with a variety of technologies, including stamping, metal injection molding (MIM), die casting, and extrusion using materials, such as magnesium, aluminum, titanium alloys, and stainless steel.
Aluminum and magnesium alloys are mainly used for metal casing.Factors include hardness, durability, elegant appeal, easy manufacturing, and good heat conduction to stimulate the application of the product.
While metals and plastics come at the same price point, the higher cost of metal processing, which makes the entire metal coating expensive, gives the final product a high appeal.
Mobile phones, tablets, mobile power sources, notebooks and laptops, and accessible devices are the main application segments of the global market. All metal designs have seen a high level of overall foot market.
With the introduction of smart tools, metal demand was emerging in metal coating. The COVID-19 pandemic contributed to the growth of the PC industry as demand for notebooks and laptops saw an increase in sectors such as IT, banks, BPOs, and education.
Companies have reported positive growth in sales of their laptops and notebooks through the pandemic. For example, Hewlett-Packard (HP), a well-known IT company, reported sales in the third quarter in August 2020, where their net revenue for notebooks was USD 7,304 million for the period April-July 2020, which is 30% higher per year and 44% higher per quarter.
Mobile phones emerged as the largest application segment in 2019 and are expected to lead the lead over the forecast period. While an increase in the sale of smartphones as a growth driver for the market, the market is expected to see some hindrance from the next glass situation.
The emergence of a wireless charging feature has led to a demand for glass back instead of metal in smartphones. As a result, the increase in glass phone production is likely to affect future metal product sales.
The US is a prominent market for metal coating and is well known for its IT industry. The pandemic has increased the demand for laptops in the country, which is a good sign for market growth. With schools starting their normal operations in the country, the demand for laptops has risen sharply. Key players such as Lenovo, HP, and Dell have informed school districts about the shortage of nearly 5 million laptops, which indicates higher demand and plans to encourage manufacturers to expand their manufacturing activities. accelerate which will stimulate the demand for metal coating in the country.
The market is competitive and manufacturing is mainly in China and Taiwan. To capture the overall market, some players are integrated across different levels of the value chain.
For example, BYD is known to be one of the most advanced sellers of electrical solutions. The company offers services that are directly linked from R&D to manufacturing throughout the supply chain.
Its Central Research Institute is dedicated to the extensive technical study for metals and other materials. In addition, it offers design development, precision manufacturing, testing & certification, along with intelligent supply chain services.
Metal Turning Market Reports Highlights
• North America is expected to see significant growth in the forecast period due to the growing focus on manufacturing in the region and growing demand for mobile power sources and computers- uchd
• Based on output, stamping and MIM maintained the largest share of over 88.0% in 2019 due to their benefits, such as low cost, improved premises, and less waste
• By application, the other importers of notebooks and laptops are expected to record the fastest CAGR of 3.8% in the forecast period due to an increase in the demand for laptops and notebooks in a number of areas, particularly education.
• Asia Pacific maintained its largest share of over 56.0% in 2019 as the sector is a manufacturing hub with a manufacturing facility presence of well-known brands, such as Apple Inc .; Samsung; Sony; Google Pixel; and ASUS
Read the full report: https://www.reportlinker.com/p05999601/?utm_source=GNW
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