INDUSTRY NEWS
Metal stamping market in Asia-Pacific
According to new analysis on ResearchandMarkets . com , the Asia-Pacific ( APAC ) metal stamping market is projected to be valued at US $ 110.86 billion by 2028 from around US $ 83.57 billion in 2022 , growing at a CAGR of 4.8 %. This report provides information on metal stamping in the APAC region .
“ The demand for metal components across several end-user industries drives the APAC region ’ s metal stamping market . Furthermore , major players are focusing on strategic agreements , acquisitions and collaboration with emerging players to enter the APAC metal stamping market to gain access to commercially launched products ,” said the report .
“ Escalating demand for automobiles and consumer electronics has positioned the APAC region as one of the foremost markets on a global scale . The growth is driven by developing countries such as China and India , where the rising demand for consumer electronics is anticipated to boost
market growth during the forecast period ,” it continued .
The escalating process of industrialisation , coupled with infrastructure expansion and advances in the defence sector , is anticipated to exert a favourable influence on the demand for machinery and equipment across the APAC region . Other industries , such as electronics , are also experiencing strong growth in the APAC region .
“ The APAC region dominates the automotive metal stamping market . The growth is supported by the rise in vehicle production across the region . In 2022 , China ’ s automotive industry produced nearly 24 million passenger cars . Therefore , the increase in vehicle production and a rise in demand for passenger vehicles are anticipated to fuel demand for metal stamping in the automotive industry ,” added the report .
“ China , Japan , India , South Korea , Europe and North America are the largest automotive production markets in the world ,
Image : Shutterstock . com . accounting for nearly 90 % of vehicles produced globally . China held around a 32 % share of global production , leading all markets in 2021 . The domestic demand for vehicles in China , India and certain markets outside North America and Western Europe has increased ,” it concluded . n
www . researchand markets . com / r / qihm79
Surge in bookings for EuroBLECH 2024
Stand allocation is in full swing for EuroBLECH 2024 , next year ’ s global flagship event on sheet metalworking . Pre-bookings have substantially increased , and the show is now open to new exhibitor enquiries . The previous EuroBLECH edition in 2022 marked a significant milestone in the recovery of the sheet metal industry , featuring 1,300 exhibitors from 39 countries over a net exhibition space of 86,136 square metres .
“ Despite mixed forecasts for the sheet metalworking industry , re-bookings for EuroBLECH 2024 have hit new heights . 80 % of available stand space in the nine exhibition halls has already been reserved , and the show team is now embarking on the mammoth task of allocating new exhibitor bookings . The 27th International Sheet Metal Working Technology Exhibition will take place from 22-25 October 2024 at the Hanover Exhibition Grounds in Germany . It provides a unique marketplace for tech suppliers who wish to market their latest technological advancements to a global audience of industry experts and stakeholders ,” the show organiser , RX , told ISMR .
“ The economic outlook for companies in the sheet metalworking industry is challenging , yet promising . Placing their technology and expertise at the forefront of the sheet metalworking sector , and marketing themselves as a thought leader is the best option to secure crucial business in future ,” said Evelyn Warwick , Exhibition Director of EuroBLECH , on behalf of show organiser RX . “ In addition , sheet metal producers are looking into more resourceful ways to tackle fluctuating prices for energy and raw materials , rapidly changing consumer markets and stricter government regulations to lessen the industry ’ s carbon footprint . For tech suppliers offering innovative tools , equipment , software , and solutions , this means a substantial window of opportunity . Participating at EuroBLECH 2024 will help them capitalise on current and
Euroblech 2022 .
future demand ,” she continued .
Fifteen technology sectors across nine exhibition halls cover the entire supply chain in the manufacturing of sheet metal prototypes , industrial components and consumer parts . This includes machines , tools and IT solutions for cutting , punching and forming ; joining ; welding and fastening ; surface treatment and finishing ; process control and quality assurance ; machine elements and components ; CAD / CAM / CIM systems ; warehouse and factory equipment ; material recycling and other solutions related to the processing of metal sheets ; tubes ; profiles ; plastic hybrids and other structures .
“ With 80 % of EuroBLECH visitors involved in purchasing decisions and nearly every second visitor attending with the intention to invest , exhibitors can expect four days of valuable face-to-face business with key contacts from global companies looking to source sheet metal working solutions . The provisional exhibitor line-up features leading international brands as well as promising startups from 32 countries ,” concluded RX . n
www
. euroblech . com
ISMR November 2023 | ismr . net | 13