Statistical projections indicate the global sheet metal stamping market will continue to grow significantly in the next five years and beyond. This continues to grow as a result of technological advancements and economic benefits. The production of components using metal stamping processes continues to advance into newer markets while maintaining strength in many other sectors.
Market Applications
Metal fabrication companies provide valuable services for a variety of industries. In 2017 and 2018, the automotive sector continued to command the lion’s share of sheet metal stamping services. This is true not just in North America, but also in Asian markets like China and India.
However, the automotive market is not the only source for metal stamping requests. Metal stamping is inclusive, finding its way into other market applications including:
- Aerospace and aviation technology
- Agricultural equipment
- Construction
- Consumer electronics
- Defense
- Electronics
- Household appliances
- Industrial machinery
- Marine industry
- Medical industry
- Telecommunications
These industries rely on the metal stamping of aluminum, brass, copper, stainless steel and steel sheet to provide them with an abundant supply of inexpensive components using minimal resources and workers. However, research indicates that, while some market sectors such as automotive production may decrease in the future, a notable surge is expected in the consumer electronics sector.
Stamping is just one of many sheet metal fabrication services provided by some companies. It is applicable to a variety of materials. It is also capable of addressing both large and small lots. It can produce a single custom-made prototype or large amounts of standardized work.
Sheet Metal Stamping: Continuing to Grow into the Future
Metal stamping is not stagnant; it is continually advancing into diverse markets. Research indicates it is continuing to grow over the next several years. While its position in the automotive industry may decrease, this is not true for the field of consumer electronics. In fact, the use of sheet metal stamping in this area is on the rise.
