The Business Research Company’s latest report Forging And Stamping Global Market Report 2020 covers Forging And Stamping market drivers, Forging And Stamping market trends, Forging And Stamping market segments, Forging And Stamping market growth rate, Forging And Stamping market major players, and Forging And Stamping market size. The report provides in-depth analysis of the impact of COVID-19 on the Forging And Stamping industry, along with revised market numbers due to the effects of the coronavirus.
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Forging And Stamping Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global forging and stamping market is expected to decline from $259.2 billion in 2019 to $222.2 billion in 2020 at a compound annual growth rate (CAGR) of -14.3%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $258.9 billion in 2023.
The report covers the Forging And Stamping market’s segments-
- By Type: Iron And Steel Forging, Nonferrous Forging, Custom Roll Forming, Powder Metallurgy Part Manufacturing, Metal Crown, Closure, And Other Metal Stamping
- By End User Industry: Automotive, Construction, Food & Beverage Packaging, Machinery, Metal Products, Others.
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