Posts Tagged metal stamping

Why Is the Metal Stamping Market Growing?

Why Is the Metal Stamping Market Growing?

Why is the metal stamping market growing? It is no secret that the 2020 global Coronavirus pandemic has had a negative effect overall on the global economy.

While no two countries have faced identical outcomes, the overall trend has been toward an economic shrinking rather than growth.

According to the IMF, it’s been predicted that “the global economy will shrink by 3% this year. It described the decline as the worst since the Great Depression of the 1930s.”

And yet amid all this flux, the metal stamping market outlook is bright.

There’s a reason why.

American Hydroformers: Metal Stamping and Hydroforming

American Hydroformers: Metal Stamping and Hydroforming

The majority of manufacturers will consider metal stamping, hydroforming, and other methods to be processes that are specialized and closely-focused. However, hydroforming and other metal-forming methods are used in a variety of industries. These methods are known to be used in the following industries:

Debunking 3 Metal Stamping Myths

Debunking 3 Metal Stamping Myths

In the manufacturing industry, there are multiple processes that can compete with one another and still create the same products or products that are similar. The metal stamping process is one of the processes that can compete. This process does have a variety of differences that can separate it from the other competing processes.

Metal Stamping Can Be Used To Improve The Production Process

Metal Stamping Can Be Used To Improve The Production Process

Over the past few years, metal stamping has experienced a significant amount of growth in a variety of industries. One of the contributing factors to the financial growth of the process is the growth we experienced in our economy. The growth in the United States’ economy has opened the door for a variety of opportunities for production and manufacturing in multiple industries.

The Metal Stamping Process

The Metal Stamping Process

When it comes to metal stamping, the process is not a new process. It’s history can be dated all the way back to the 1800s, and this was during the type when bicycle parts were being mass-produced. However, the metal stamping systems and other resources that were being used were not as advanced as they are today. The metal stamping systems during that time were still able to produce a variety of effective and efficient parts and components.

Metal Stamping: A Versatile Method for Modern Manufacturing

Metal Stamping: A Versatile Method for Modern Manufacturing

Many business owners associate metal stamping with automotive manufacturing but this method is becoming a popular choice in other industries. Metal stamping, which uses dies and punches to form and cut cold metal, has evolved over the years as technology advanced. Not only is stamping a good way to turn out expensive and lightweight parts for the transportation industry, but it continues to be the best option for many other types of metal products, including tools and household goods.

Metal Stamping Market Set to Boom

Metal Stamping Market Set to Boom

According to recent reports, the metal stamping market is poised to continue expanding throughout the next decade. Experts are predicting a stable rise of 4.92% over the next few years, with the trend continuing in the years to follow.

That’s good news, and not just for those of us here in the United States.

From 2018 to 2026, the industry will continue its global expansion.