The popularity of metal stamping shows no signs of slowing down as we move into 2020. By 2025, the worldwide demand is expected to reach almost $300 billion. This significant growth is in part due to the process’s use in a wide variety of applications in many booming industries, such as industrial machinery, automotive, aerospace, consumer appliances, and more. As these industries continue to grow, they’re also increasing their use of—and reliance on— metal, which further supports the proliferation of metal stamping.
Factors Affecting Metal Stamping’s Growth
In the manufacturing sector, many of the factors influencing the growth of metal stamping stem from the process’s use of metal. Compared to other materials, the advantages of using metal for the manufacture of parts and products include its:
These material qualities allow manufacturers to produce high quality parts with lower investment costs, resulting in greater profits.
As the demand for metal products grows, so too does the creativity within the industry. To remain competitive and set themselves apart, manufacturers are forced to come up with new methods of using the material. This drive for innovation is good for everyone as it results in technological advancements that further expand the scope of the process. As more and more businesses see the value of metal and offer stamping capabilities to their customers, their competitors increasingly feel the pressure to invest in it as well.
Industry Trends in Metal Stamping
The applications for metal stamping are nearly countless, and you come into contact with metal stamped products every day. Here are just a few of the ways metal stamping is used:
- Automotive. The strength and flexibility of metal stamped parts allow automobile manufacturers to maintain the required safety standards while reducing consumer costs. There’s also a push to make vehicles more fuel efficient, which necessitates the use of lightweight materials like aluminum. According to Forbes, one result of this push is Ford’s 2015 F-150 model, which has a curb weight that consists of roughly 25% aluminum.
- Aerospace. In the United States, due in part to low fuels costs and increased worldwide trade, the aerospace industry is expected to grow 2.8% in 2018 and 3.4% in 2019 and 2020. To meet these demand levels, one of the biggest pushes in the industry is for greater fuel efficiency. Ultralight planes—such as those produced with metal stamping techniques—facilitate lower fuel usage and related costs.
- Solar. It’s not always possible or economical to bring traditional power sources to remote or impoverished areas. For these situations, solar energy is an ideal solution, and metal stamping makes it easier to provides solar energy to these regions.
- Agriculture. Automated processing equipment and other machinery that uses metal stamped parts often cost less to maintain and repair, saving farmers and ranchers time and money.
Contact American Industrial for Your Metal Stamping Needs
Since 1981, American Industrial Company has offered turnkey packages—from initial design to delivery of a finished metal stamping—to domestic and international customers in a variety of industries. Our team is excited to be part of an industry that is experiencing so much growth and development. As a company, we’re committed to staying on top of metal stamping trends and advancements so we can continue to offer high quality products and services.
With top-of-the-line equipment and years of experience, we’re confident we can meet all your metal stamping needs.