How Stamping Manufacturing Boost Metal Industry?
Increasing usage of sheet metal across the automotive and consumer electronics industry is expected to positively impact the metal industry. Low raw material costs have complimented the usage of light-weight corrosion resistive metal stamping for enhancing the stability of electrical and consumer electronic products. Technologically advanced metal stamping manufacturing has seen increased usage across commercial sectors in the recent past. Metal stamping manufacturing is making immense efforts in developing reliable strategies for production.
The metal industry has been greatly influenced by the utilization patterns across sectors such as telecommunications, automotive and consumer appliances. Also, the changing trend of substituting metals with polymers and composites for reducing the weight of vehicles could hamper the growth of metal stamping manufacturing.
The factors which boost the metal industry
Increasing adoption of the bending process in a variety of industries to improve durability, stability, and quality of manufactured parts is expected to stimulate the growth of metal stamping manufacturing. The aerospace industry is anticipated to generate lucrative growth opportunities for the precision metal stamping market. The demand of metal stamping is expected to increase with increased demand for catering to stringent quality standards focused on safety as well as the use of a lightweight and versatile components for maintaining low fuel costs and decreasing the weight of the aircraft.
The growing competition in the automotive industry has increased the demand for global metal stamping manufacturing. In global metal stamping manufacturing, the required shape of the metal is achieved by a punching or pressing process with the help of precision metal stamping dies. The process of application of pressure or the punching can be done either mechanically or manually as per the requirement. Predominantly used metals in the metal stamping manufacturing are steel, aluminum, copper, brass and stainless steel. The global metal industry is expected to boost with a single-digit compound annual growth rate.
Metal stamping manufacturing: Drivers
Metal stamping manufacturing is carried out using various functions such as punching, blanking, embossing, coining, and deep drawing. The manufacturing of metal shapes can involve one of the above or several, or all of the above functions.
Precision metal stamping tooling involves several steps to produce metal parts according to the specifications of clients. In case of extreme precision requirements production can also be assisted by software. Deep drawing is a process in which software such as CAD or CAM where computer-generated drawings are used to produce three-dimensional components. Embossing is the method used to stamp a given design into the metal from the back, which results in a raised pattern on the face of the piece. Coining is a pressing task used in metal stamping manufacturers to stamp complex details into the metal sheet. Other functions include trimming, shaving, forming and swaging.
The growing technological improvement and advancement in the automotive industry is the most important driving force for the growth of metal stamping manufacturing. For example, in the case of the automobile industry, metal stamping manufacturing finds its usage in brackets, side panels, roofs, bonnets, hangers and so on. The increasing demand in consumer aerospace, electronics, electrical, engineering machinery, telecommunication, and defense are some of the other driving factors for the growth of metal stamping manufacturing.
The evolution of metal stamping manufacturing of the next generation has created a dynamic pull for the growth of the metal industry. In this, the usage of precision metal stamping dies is optional, thus it saves time and cost for the company. The increased usage of various other processes such as forging and casting during the formation of metal aids in manufacturing quality products. Also, it allows for flexibility in the formation of heavy metals. Correspondingly, the high cost of raw materials is the challenge faced by the global metal stamping manufacturers.
Metal stamping manufacturing has had a great impact on the metal industry throughout the century. And surely it will continue to boost metal industries across the world as the needs of humans continue to increase.
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