Metal stamping industry has undergone tremendous changes in recent years. From just the basic mechanical tools and press die designs to sophisticated technology combined with top of the line computing has taken the stamping industry to the next level.
Covid-19 has changed the face of the manufacturing industry in the recent past. After a minor glitch in the manufacturing industry, the industries are ready to once again open up the market and keep up with the growing consumer demands.
Metal is used in almost everything that we see around us. From household items to heavy industrial equipment, we see metal being used in almost every size and shape.
The year 2020 marked the presence of COVID-19 and had an impact on industries like travel, tourism, hospitality, manufacturing, and many such ones. Just a few years ago, the research organizations had estimated a massive growth in the automotive sheet metal stamping industry, but currently, the situation seems to be not so good for this industry.
The face of the global metal stamping industry is rapidly shifting towards progress. There is a great boost in sales and visible trends that are changing over the last few years. The industry is estimated to grow to US$307.4 Billion by the year 2026 at a CAGr of 4.08%, and this was mentioned during the forecast period.
Metal forming industries have been using the progressive tool and die for years, and this is especially true in the sheet metal stamping industry. Progressive tool and die is used in performing more than two different operations on the working stations.
Industrial manufacturing is a complex procedure that involves people with a broad range of expertise and experience in using a diverse range of tools. In recent times, there have been a lot of developments in the manufacturing stamping process with the numerous advancements in robotics, automation, computing, etc.
The field of precision metal stamping has been in existence for a long time now and its applications have been diverse. Considering the many benefits this process offers, an increasing number of manufacturers depend on the process of precision stamping die to produce suitable parts for them.
The manufacturing process that converts flat sheet metal into user-defined shapes is called Metal Stamping. While this process may sound like a simple one, it is actually quite complex as it includes a number of metal forming techniques, namely blanking, punching, bending, coining, piercing etc.
There is no doubt that the metal stamping industry is booming with a steady increase in more and more companies using the technology to produce parts that are used for day to day needs and also for use in places
