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New York, December 23, 2020 (GLOBE NEWSWIRE) – Reportlinker.com Announces the Publication of the “Metal Housing Market Size, Share and Trend Analysis Report by Product, Application, Region and Segment , 2020-2027 “- https://www.reportlinker.com/p05999601/?utm_source=GNW
Metal Enclosure Market Growth and Trends
The global metal casing market size is expected to reach USD 47.39 billion by 2027. It is expected to grow at a CAGR of 3.2% from 2020 to 2027. The growing preference for metal body in smartphones, laptops and laptops are expected to propel the growth market during the forecast period.
The metal casing is considered 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 enclosures, factors such as stiffness, durability, elegant appeal, ease of manufacture and good thermal conduction have driven the demand for the products.
Although metals and plastics have a similar price range, the cost of processing metals is higher, making the overall metal casing expensive, giving the end product greater appeal.
Mobile phones, tablets, mobile power sources, laptops and notebooks and portable devices are the key application segments of the global market All metal designs have experienced high penetration in the global market of housings.
With the introduction of smart devices, metal enclosures have seen an increase in demand. The COVID-19 pandemic has increased the growth of the PC industry as the demand for laptops and notebooks has increased in sectors such as IT, banking, BPO 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, announced its third quarter sales in August 2020, where its net sales for laptops were $ 7,304 million for the period. April to July 2020, or 30%. higher on an annual 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 during the forecast period.Although an increase in smartphone sales is a growth driver for the market, the market is expected to suffer. a slight obstruction of its alternative glass housing.
The emergence of the wireless charging feature has propelled the demand for glass instead of metal in smartphones. As a result, the increase in the production of glass phones is likely to impact the sales of metal cases in the future.
The United States is a major market for metal enclosures and is known for its computer industry. The pandemic has driven up demand for laptops in the country, which is a positive sign for the growth of the market. With schools resuming normal operations in the country, demand for laptops has surged. Key players such as Lenovo, HP and Dell have informed school districts of the shortage of nearly 5 million laptops, which means higher demand and should encourage manufacturers to step up their manufacturing operations, which will propel the demand for metal enclosures in the country.
The market is competitive and the manufacturing is mainly concentrated in China and Taiwan. In order to maintain a grip on the entire market, certain players are integrated at different stages of the value chain.
For example, BYD is known to be one of the most technologically advanced electrical solutions vendors. The company offers vertically integrated services, from R&D to manufacturing throughout the supply chain.
Its Central Research Institute is dedicated to in-depth technical research on metals and other materials. In addition, it offers design development, precision manufacturing, testing and certification, as well as intelligent supply chain services.
Highlights of the Metal Enclosure Market Report
• North America is expected to experience significant growth during the forecast period due to the increasing concentration on manufacturing in the region and the growing demand for mobile power sources and laptops.
• On the basis of product, stamping and MIM held the largest share of over 88.0% in 2019 due to their advantages, such as low cost, improved properties and reduced waste
• By Application, the Others segment which includes Laptops and Laptops is expected to register the fastest CAGR of 3.8% during the forecast period due to increased demand for laptops and laptops in various industries, especially education
• Asia-Pacific held the largest share of over 56.0% in 2019, with the region being a manufacturing hub with the presence of manufacturing facilities 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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