Next Generation Metal Stamping to Grow Significantly Worldwide Over Next Decade
We here at American Hydroformers are big proponents for the metal stamping industry. What began long ago as a means to bolster the manufacturing process into a single stage operation, has come a long way in all those years.
This is evident thanks to a new report outlining the continued growth of the metal stamping global market. Wherein, the CAGR (compound annual growth rate) will rise to 3.02% over the period 2014-2019.
From an article on the continued growth of metal stamping:
The emergence of next generation metal stamping has gained increased traction in the market. Next generation metal stamping helps form metals without using dies. Designing dies is a costly and time-consuming process. Next generation metal stamping helps save time and costs for companies.
A savings that helps lend to the global manufacturers, and then finally to the consumer. By eliminating the extra steps in the metal stamping process, as well as seeking ways for optimal automation, the metal stamping process has reached some of the greatest (and reduced) operational times possible.
The key manufacturer in this equation is the automotive industry, whose increased need for stamped metal and hydroformed products has increased significantly over the last several years, with parts like fenders, headliners, side and quarter panels, exhausts, brake shoes, valves, and hangers leading the charge.
Further, with more and more industries in need of quality, metal stamped products, and the continued need for innovative and above standard design, the market has a strong potential to expand past the prospective end of 2019.
Global manufacturers who currently use metal stamped and hyrdroformed products are setting a worldwide standard for sought after excellence and quality. Meaning, that as more and more create top-notch quality, others will soon want the same result, a factor that could push the boundaries to even greater heights.
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