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Over the projection period, it is anticipated that increased EV usage and rising metal stamping demand across a range of industries would support market expansion.
The automotive, aerospace, consumer electronics, and industrial machinery sectors are just a few of the businesses that use metal stamping.
In the upcoming years, it is anticipated that the growing need for industrial machinery, along with the increasing usage of robots and automation, will further fuel the growth of the metal stamping sector.
The metal stamping sector has a huge growth opportunity thanks to additive manufacturing. The method offers a number of advantages, including decreased waste, lower energy and labour costs, and the possibility to produce smaller and more complicated geometries.
In order to meet the demands of EV manufacturers, many important businesses are expanding their facilities.
Government packages and incentives are projected to boost the construction sector of Mexico, thereby, positively influencing the growth of the metal stamping market.
Another factor driving the market’s growth is an increase in FDI into Mexico via the US.
The Mexico EV Stamping Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
The size of Interplex Industries’ production facility in Guadalajara, Mexico, will be doubled, the company has announced. Precision metal stamping, assembly services, insert moulding, and injection moulding products are all provided globally by Interplex Mexico.
Interplex Mexico, a facility on the Parque Integral site in Zapopan, Jalisco, Mexico, has obtained ISO/TS registration, the most recent global standard for the assurance of the automobile industry’s quality.