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Global Metal Stampings, Forgings, and Castings Market to Reach $579.7 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Metal Stampings, Forgings, and Castings estimated at US$403.5 Billion in the year 2020, is projected to reach a revised size of US$579.7 Billion by 2027, growing at a CAGR of 5.3% over the analysis period 2020-2027. Ferro-Alloy Castings, one of the segments analyzed in the report, is projected to record a 6.4% CAGR and reach US$230.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Non-Ferrous Metal Castings segment is readjusted to a revised 5.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $72.3 Billion, While China is Forecast to Grow at 7.1% CAGR
The Metal Stampings, Forgings, and Castings market in the U.S. is estimated at US$72.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$213.3 Billion by the year 2027 trailing a CAGR of 7.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$66.3 Billion by the year 2027.

Metal Stampings Segment to Record 4.1% CAGR
In the global Metal Stampings segment, USA, Canada, Japan, China and Europe will drive the 4.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$105.4 Billion in the year 2020 will reach a projected size of US$137.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 4.5% CAGR through the analysis period.