Thanks to several innovative technological developments, the metal stamping industry has seen steady growth. Advancements in robotics, automation, and numerical controls have all helped improve stamping precision and speed, while virtually eliminating setup time.
With rising global consumer demand, the industry is expected to continue riding this growth wave through 2017. Here are three major trends you can expect to see in the coming year.
- Reshoring and the Growth of Manufacturing in America
You’ve probably heard about the surging reshoring trend in American manufacturing; after decades of outsourcing production and contract manufacturing, many companies are now considering the financial benefits of moving their operations back to the United States.
Today, reshoring actually results in a higher total cost of ownership than domestic production — despite the higher labor costs at home. Advanced automation techniques will allow the precision metal stamping industry to easily take advantage of the various business opportunities that will soon be sprouting up as more OEMs reshore their operations.
- The Rise of Solar Paneling
Significant price drops for photovoltaic (PV) systems have made solar power much more popular. Not only can metal stamping companies benefit from the energy costs savings and federal tax credits associated with switching to solar, but they are also uniquely positioned to service this growing industry; PV installations require many kinds of precision machined parts to support the metal panel frames.
- Integrating Automation in Production
Automation integration yields a two-fold benefit for manufacturing companies: higher production rates at lower costs. Utilizing advanced equipment such as laser cutters offers metal stampers unparalleled precision and speed for optimized production. Meanwhile, implementing robotics for repetitive tasks lowers the headcount in the shop while freeing up skilled machinists to take on more challenging work, such as programming.
Want to Learn More?
To get the full rundown on reshoring, solar paneling, and automation integration, as well as what these trends mean for the metal stamping industry, download a free copy of our eBook, “Trends Report: What to Expect in Metal Stamping for 2017.”
2017 METAL STAMPING TRENDS REPORT