The global Metal Casing market size is expected to be worth around US$ 47.41 billion by 2028, according to a new report by Vision Research Reports.
The global Metal Casing market size was valued at US$ 36.99 billion in 2020 and is anticipated to grow at a CAGR of 3.6% during forecast period 2021 to 2028.
Growing preference for the metal body in smartphones, laptops, and notebooks is anticipated to propel market growth over the forecast period.
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 of the market, accounting for a revenue share of more than 47.02% in 2019. They are expected to maintain their lead over the forecast period. Metal casing gained prominence in the mobile phone industry with the advent of smartphones. In addition, its preference further increased due to the demand for eco-friendly, slim, and multi-functional smartphones as these casings provide high tensile strength, high ventilation efficiency, and enhanced aesthetic appeal.
Tablet is another prominent application segment of the global market. Metal casing provides robustness to slim tablet devices. Metal started replacing plastics in tablets to achieve a better build and quality. Prominent brands such as Amazon and Samsung utilize metal casing for their tablets. The demand for tablets accelerated owing to the spread of COVID-19 as there was a surge in the adoption of e-learning across educational institutions and enterprises. Additionally, tablet manufacturers are expected to strike partnerships with schools, colleges, and edutech firms in India to expand their target markets. Growing demand for tablets is expected to boost market growth in the near future.
Movable power sources such as power banks and portable generators use metal casing. Rapid industrialization, urbanization, and surge in recreational activities worldwide have driven the demand for movable power sources. The COVID-19 pandemic caused an increase in outdoor activities, such as running, cycling, day hiking, bird watching, and camping, in the U.S. These activities propelled the demand for movable power sources, thereby benefiting the metal casing demand.
The stamping and MIM segment accounted for the largest share of more than 88.02% in 2020 and is expected to maintain its lead over the forecast period. Metal stamping delivers high tolerance, electrical conductivity, corrosion resistance, and smooth finish. The stamping process in the manufacturing of metal casing has gained popularity owing to its faster speed, cost-effectiveness, and ability to manufacture large quantities of products.
Metal Injection Molding (MIM) allows the manufacturing and shaping of complex casing in a cost-effective manner, which is why it has gained the manufacturers’ preference. The ability to produce components on a large scale with enhanced properties and minimum wastage has augmented the use of the MIM process in the market, especially in North America and Europe.
Die casting is another manufacturing process used in the market where the liquid metal melt is pressed into a mold under very high pressure and at a very high filling speed. Metal casing manufactured using die casting is economical. Moreover, die casting is one of the quickest manufacturing processes. Extrusion is anticipated to register a higher growth rate over die casting as extrusion is ideal for uniform cross-section and offers a lower tooling cost.
Asia Pacific dominated the global market and accounted for a share of more than 56.02% in 2020. The region is a hub for smartphones and consumer electronics manufacturers. Although the U.S.-based companies are known for their products, their assembly and manufacturing take place in Asia. For example, all Apple smartphones and Google Pixel phones are manufactured in China, whereas Samsung has its phones manufactured in South Korea, Sony in Japan, ASUS in Taiwan, and LG in India.
North America held the second-largest share in the market in 2020 owing to a wide presence of prominent PC manufacturers in the region. Although Asia, particularly China, dominates the assembly lines, there are prominent players who have their manufacturing based outside China. For example, Dell, Hewlett-Packard or HP, and Apple Inc. are among the major players of the PC industry who have production and assembly lines in the U.S.
Foxconn Technology, Co., Ltd.
Waffer Technology Corp.
BYD Company Ltd.
Castek Holdings Corp.
Stamping & MIM
Movable Power Sources
Central & South America
Middle East & Africa
The Metal Casing market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Metal Casing market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Metal Casing market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Metal Casing market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Metal Casing market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Metal Casing capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Metal Casing by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Metal Casing market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Metal Casing market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Metal Casing market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Metal Casing industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Metal Casing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Metal Casing market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Metal Casing market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Metal Casing market. These factors have benefited the growth of the global market for Metal Casing. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Metal Casing. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Metal Casing are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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