Global Metal Casing Market by Application (Wearable Devices, Tablet, Mobile Phones), by Product (Extrusion, Die Casting, Stamping & MIM) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global metal casing market was worth USD 36.98 Billion in 2019. It is projected to grow at a compound annual rate (CAGR of 3.2%) between 2020 and 2027. As demand for tablets and laptops continues to rise, the market will continue to grow due to the advantages of metal casing over plastic. In 2020, market growth was impacted by the COVID-19 virus pandemic. The virus caused disruptions in mining operations and manufacturing operations which in turn affected the supply of raw materials and production activities. The demand for metal casing fell as mobile phones experienced a sharp decline in sales in the first half 2020. Players in the smartphone market expect a positive outlook in near future which will boost market growth.

The largest revenue share of the North American market was held by the U.S. in 2019. The country is well-known for its highly developed information technology sector, which includes multinational companies like Apple Inc., HP, and Dell. The country's growth is expected to be driven by the presence of major players in the assembly line and the growing demand for laptops.

The sales of laptops and desktops has declined over the last few years as they were faced with competition from the alternatives (i.e. Smartphones and tablets. Despite a decline in overall PC sales, key players like HP, Lenovo and Dell, Apple Inc. and Asus maintained their sales which is a good sign for market growth. Global laptop shipments saw a 2.3% increase between 2018 and 2019.

Additionally, metal is now more popular than plastic in smartphones due to the desire to buy the best. Manufacturers and consumers have switched to metal phones because of factors such as the premium look, simplicity and modernity in manufacturing and heat dissipation.

Smartphone sales have been positive up to 2018, after which sales slightly dropped in 2019. Due to the COVID-19 pandemic of 2020, sales dropped significantly. Lockdowns and suspensions of manufacturing activities caused shipments to be hampered. The upcoming technological advances in the industry are expected to lead to a U-shaped recovery for the smartphone industry. This is a good sign for market growth.

Application Insights

The largest market segment was mobile phones, with a revenue share exceeding 47.0% in 2019, accounting for the biggest application segment. They will likely continue to lead the market over the forecast period. With the introduction of smartphones, metal casings have gained popularity in the mobile phone market. Its popularity grew further due to the increasing demand for slim and multi-functional phones. These casings offer high tensile strengths, high ventilation efficiency and an enhanced aesthetic appeal.

Tablets are another important application segment in the global market. The robustness of metal casing is a benefit for tablets. To improve the quality and build of tablets, metal began replacing polymers. For their tablets, prominent brands like Samsung and Amazon use metal casing. Due to the widespread adoption of elearning in educational institutions and businesses, the demand for tablets increased. To expand their market reach, tablet manufacturers will likely form partnerships with Indian schools, colleges and edutech companies. Market growth is expected to be boosted by rising demand for tablets in the near future.

Metal casing is used for portable power sources like power banks and generators. Movable power sources are in high demand due to rapid industrialization and urbanization as well as a surge in recreational activities around the world. In the United States, there was an increase in outdoor activities such as camping, running, biking, day hiking and bird watching due to the COVID-19 pandemic. These activities boosted the demand for movable energy sources, which in turn benefited the metal casing market.

Product Insights

In 2019, the stamping and MIM segments accounted for more than 88.0% of the total market share. They are expected to continue their lead in the future. Metal stamping offers high tolerance, electrical conductivity and corrosion resistance. It also has a smooth finish. Because of its speed and cost-effectiveness, as well as the ability to produce large quantities of products, metal stamping has become very popular.

The MIM process allows for the production and shaping of complex casings in a cost-effective way. MIM has been gaining popularity in North America and Europe due to its ability to produce large quantities of components with better properties and less waste.

Another manufacturing process that is used in the market is die casting. This involves the pressing of liquid metal melt into molds under extremely high pressure and at very high filling speeds. Metal casing manufactured using die casting is economical. Die casting is also one of the fastest manufacturing processes. Extrusion will likely have a faster growth rate than die casting, as it is more suitable for uniform cross-sections and has a lower tooling expense.

Regional Insights

Asia Pacific was the dominant market in 2019, accounting for more than 56.0% of global sales. This region is home to many smartphone and electronics manufacturers. The U.S.-based companies have a reputation for producing high quality products. However, the assembly and manufacturing of these products takes place in Asia. All Apple phones and Google Pixel phones are made in China, while Samsung phones are made in South Korea, Japan, ASUS in Taiwan and ASUS in Japan.

China held a significant share of the global market space for 2019. China is home to many key players such as Foxconn and CATCHER. Recent events, such as the U.S. China trade war and the COVID-19 epidemic, have forced manufacturers to move their production bases out of China. This may affect product demand, but will ultimately have a positive effect on the Asia Pacific market. Companies are now focusing on India and Southeast Asia, and this will help them establish plants there. Japan's Ministry of Economy, Trade and Industry announced in September 2020 that it would provide subsidies for Japanese companies to shift their manufacturing from China to ASEAN Countries, as well as India and Bangladesh.

Due to the large presence of PC manufacturers in North America, North America occupied the second-largest market share in 2019. While Asia dominates the assembly lines, especially China, there are notable players whose manufacturing is based elsewhere. Among the top players in the PC industry are Hewlett-Packard, Apple Inc., and Dell.

Due to slower sales of laptops and smartphones, the Middle East and Africa markets saw slow growth in 2019. According to the World Bank Group document, the GCC's GDP declined from 0.8% in 2019 to 0.8% as per 2019. Due to the emergence and spread of the global pandemic, the macroeconomic environment is expected to decline in FY 2020. Long-term, Africa and the Middle East are expected to experience steady growth due to the attraction of many electronic device manufacturers to the region.

Vivo, a Chinese smartphone maker, has announced that it will expand its business in 2019 with a regional hub in Dubai. Tecno Mobile, a major smartphone manufacturer in Africa, also announced plans to expand its market share in Middle East. It will be competing with Xiaomi, Samsung, Huawei and Huawei. These expansion plans and the rising competition among smartphone manufacturers are likely to drive smartphone production in Africa and the Middle East.

Market Share Insights & Key Companies

CATCHER, Foxconn and PEGATRON are the dominant players in this market. In Taiwan, the competitive landscape has been extremely intense. The market was adversely impacted by the U.S.-China Trade War and the emergence COVID-19 pandemic. This affected the manufacturing operations as well as sales and distribution of some players.

Market players noted weak consumer demand, low wages and income inequality as the main issues. This was in addition to increasing competition from the red supply chains. The negative effects of the U.S./China tech war on the supply chain and the saturation of the end-use market are likely to pose additional challenges for the players in the future. The following are some of the major players in the metal casing industry:

• CATCHER

• Foxconn Technology, Co., Ltd.

• Waffer Technology Corp.

• PEGATRON Corporation

• BYD Company Ltd.

• Castek Holdings Corp.

Up Market Research published a new report titled “Metal Casing Market research report which is segmented by Application (Wearable Devices, Tablet, Mobile Phones), by Product (Extrusion, Die Casting, Stamping & MIM), By Players/Companies Foxconn Technology Co Ltd, Waffer Technology Corp, BYD Company Ltd, CATCHER, PEGATRON Corporation, Castek Holdings Corp”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Metal Casing Market Report Segments:

The market is segmented by Application (Wearable Devices, Tablet, Mobile Phones), by Product (Extrusion, Die Casting, Stamping & MIM).

Metal Casing Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Metal Casing Market

Overview of the regional outlook of the Metal Casing Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Metal Casing Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Metal Casing Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Wearable Devices

                2. Tablet

                3. Mobile Phones

                1. Extrusion

                2. Die Casting

                3. Stamping & MIM

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Metal Casing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
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• Understanding Competition Scenario
• Product & Brand Management
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• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Metal Casing Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.