DUBLIN--(BUSINESS WIRE)--The "Metal Casing Market Size, Share & Trends Analysis Report by Product (Stamping & MIM, Die Casting, Extrusion), by Application (Mobile Phones, Tablet, Wearable Devices), by Region, and Segment Forecasts, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
The global metal casing 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.
Metal casing is referred to as an external component used in several products, such as phone, tablet, laptop, and notebook. It is produced by various 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 including rigidity, durability, stylish appeal, ease of manufacturing, and good heat conduction have boosted the product demand. Although metals and plastics come at a similar price range, the cost of metal processing is higher, which makes the overall metal casing expensive, giving the end product a premium appeal.
Mobile phones, tablets, movable power sources, notebooks and laptops, and wearable devices are the key application segments of the global market. All metal designs have witnessed high penetration in the overall casing market. With the introduction of smart devices, metal casing witnessed an upsurge in demand. The COVID-19 pandemic augmented the growth of the PC industry as demand for notebooks and laptops witnessed a boost in sectors, such as IT, banks, BPOs, and education.
Companies have reported positive growth in sales of their laptops and notebooks during the pandemic. For example, The Hewlett-Packard Company (HP), a renowned IT company, reported its third-quarter sales in August 2020, where its net revenue for notebooks was USD 7,304 million for the period of April-July 2020, which is 30% higher on a yearly basis and 44% higher on a quarterly basis.
Mobile phones emerged as the largest application segment in 2019 and are expected to maintain their lead over the forecast period. Although an increase in smartphone sales is a growth driver for the market, the market is expected to witness slight obstruction from its alternative glass casing. The emergence of wireless charging feature has propelled the demand for glass back instead of metal in smartphones. As a result, the rise in the production of glass phones is likely to impact the sales of metal casing in the future.
- BYD Company Ltd.
- Casetek Holdings Limited
- Foxconn Technology Co., Ltd.
- Ju Teng International Holdings Limited
- PEGATRON Corporation
- Silitech Technology Corporation
- TONGDA Group
- Waffer Technology Corp.
Metal Casing Market Report Highlights
- North America is expected to witness significant growth over the forecast period on account of the rising focus on manufacturing in the region and growing demand for movable power sources and laptops.
- Based on product, stamping and MIM held the largest share of more than 88.0% in 2019 on account of their benefits, such as low cost, enhanced properties, and reduced wastage.
- By application, the others segment that includes notebooks and laptops is expected to register the fastest CAGR of 3.8% during the forecast period due to a surge in demand for laptops and notebooks in various sectors, especially education.
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends, and Scope
3.1. Parent Market Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.4. Regulatory Framework
3.5. Metal Casing Market - Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges - COVID-19 Impact
3.6. Regulatory Framework
3.7. Business Environmental Tools Analysis: Metal Casing Market
3.7.1. Porter's Five Forces Analysis
3.7.2. PESTLE Analysis
3.7.3. Major Deals & Strategic Alliances
Chapter 4. Metal Casing Market: Product Estimates & Trend Analysis
4.1. Metal Casing Market: Product Movement Analysis, 2019 & 2027
4.2. Stamping & MIM
4.3. Die Casting
Chapter 5. Metal Casing Market: Application Estimates & Trend Analysis
5.1. Metal Casing Market: Application Movement Analysis, 2019 & 2027
5.2. Mobile Phones
5.4. Wearable Devices
5.5. Movable Power Sources
Chapter 6. Metal Casing Market: Regional Estimates & Trend Analysis
6.1. Metal Casing Market: Regional Movement Analysis, 2019 & 2027
6.2. North America
6.4. Asia Pacific
6.5. Central & South America
6.6. Middle East & Africa
Chapter 7. Competitive Landscape
7.1. Competitive Scenario
7.2. Company Categorization (Key innovators, Market leaders, Emerging players)
7.3. Vendor Landscape
7.3.1. List of raw material suppliers, distributors, and potential customers
7.3.2. Company Market Positioning
Chapter 8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/xm34da