Global Metal Casing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Metal Casing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Metal Casing is a kind of casing used on electronic equipment. The metal casing is mainly produced from aluminum and magnesium alloy. The metal case is a feature being used in handy electronic devices, which includes majorly smartphones, notebook, notepad and wearable such as smartwatch, Bluetooth and fitness tracker. Metal cases and covers for mobile phones come in different styles and designs, to suit various individual preferences and phones. In addition, the metal case is sharply trending into the industry of smartphones, notebook, notepad and wearables. Many Consumers are mainly fancied upon by the looks and design of the instrument in use, then the technology behind.

Market Overview:

The latest research study on the global Metal Casing market finds that the global Metal Casing market reached a value of USD 12963.5 million in 2022. It’s expected that the market will achieve USD 11281.24 million by 2028, exhibiting a CAGR of -2.29% during the forecast period.

Influence of COVID-19 Outbreak on Metal Casing Industry Development

The COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some metal casing enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original offline market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which is expected to have a great impact on the company's business throughout the year.
The epidemic will have a short-term impact on metal casing industry, but it is relatively limited. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply are difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. Equipment manufacturing and product manufacturing enterprises in metal casing industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer's delivery time requirements according to the contract, it may lead to the customer looking for another enterprise and lose business.

Drivers

With the steady economic and technological development of India, with the change of people's life style and the advancement of urbanization, people's demand for smart phones, computers and other electronic devices is increasing gradually, which promotes the demand for electronic device parts - metal casing. Meanwhile, demand for metal casing from the electronic equipment industry in India is expected to increase, owing to the Make in India initiative by the government of India. In addition, India's low labor costs and manufacturing costs are much lower than in Europe, the Americas and other places, which will also benefit the development of the metal casing industry in the Indian market.

Limitations

There are substitutes for metal casing as part of electronic equipment. Many materials can be used as the back of the phone. The back cover has always been made of a variety of materials, including ceramics, glass, metal, plastic and wood. Within the electronics sector, glass is primarily used to fabricate display panels for televisions, computers, and mobile devices. The unprecedented mass appeal of portable devices has led producers to create ultra-tough glass that does not break when dropped. By 2020, up to 60% of the world's smartphones will have glass backs. In a word, the development of alternatives poses a threat to the metal casing industry.

Region Overview:

From 2022-2027, China is estimated to witness robust growth prospects.

Company Overview

The top three companies are Foxconn, BYD, Catcher with the revenue market share of 11.97%, 11.30%, 8.85% in 2020.

Foxconn Technology Group is a high-tech enterprise specialized in the research and development and manufacturing of 3C products such as computers, communications and consumer electronics, and widely involved in the development and application of digital content, automobile components, channels, cloud computing services and new energy and new materials.

BYD Electronics (International) Company Limited has become the world-leading provider of intelligent product solutions in the past 20 years, providing vertically integrated one-stop service that comprises development of new materials, product design, manufacturing, supply chain management, logistics and after-sales service. Main customers are global leading brand manufacturers of mobile intelligent terminals. The Company mainly engages in the manufacturing of material, molds, and components such as metal, glass casing, ceramics and composite board as well as software design, hardware design, assembly, and testing of electronic products.

Segmentation Overview:

Among different product types, Stamping segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Mobile Phone segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Metal Casing market covered in Chapter 3:

Tongda
Dongguan Janus
Everwin Precision
Foxconn
Victory Precision
BYD
Waffer
Catcher
Ju Teng
Pegatron

In Chapter 4 and Chapter 14.2, on the basis of types, the Metal Casing market from 2018 to 2029 is primarily split into:

Stamping
Die Casting
Extrusion + CNC

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Metal Casing market from 2018 to 2029 covers:

Ultrabook
Tablet
Wearable Device
Movable Power Source
Mobile Phone

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)