LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global metal stamping market is projected to grow to USD 149.38 billion by 2021, at a CAGR of nearly 5% over the forecast period.
This research report titled ‘Global Metal Stamping Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
|Stamping process involves placing a sheet of metal in a blank or coil form, where a tool or die surface gives the sheet a desired shape when subjected to pressure. The swiftly growing aerospace and aviation industry creates a high demand for metal forming and stamping tools for manufacturing parts such as thrust fittings, landing gear, engine components, and nacelles.|
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Based on the technology, the report categorizes the global metal stamping market into the following segments:
The top three revenue-generating technology segments in the global metal stamping market are discussed below:
“Blanking is a metal stamping process used to remove the metal workpiece from the primary metal sheet by punching. Blanking is the most popular metal stamping process and generates the highest revenue,” says Gaurav Mohindru, a lead analyst at Technavio for tools and components research.
Aluminum, mild steel, bronze, and stainless steel are some popularly used metals for blanking. Any waste or the residue generated during blanking process is minimal, due to the design of these stamping tools which have closely nested parts.
Embossing is a process used to produce sunken or raised designs on metal surfaces using roller dies. Metal stamps in the embossing segment are projected to be worth USD 32.04 billion by 2021.
Embossing can be used in both functional and aesthetic applications. Functional applications are used to increase the panel’s rigidity and the surface area of the metal surface for heat transfer applications. The aesthetic applications include use in elevator panels, automotive trim, appliance panels, and others.
“Metal bending is a process that involves the changing of the geometry of a metal part by keeping its volume constant. Bending metal stamps keep the volume constant while changing other parameters such as thickness and shape of the metal workpiece,” says Gaurav.
The bending process, apart from creating desired geometries, also imparts strength to the sheet metal. Bending dies are mostly made of materials such as carbon steel but are based on the workpiece. The bending technology is one of the fastest growing segments of the market, driven by the rising number of applications from various end-user industries.
The top vendors highlighted by Technavio’s research analysts in this report are:
- American Axle & Manufacturing (AAM)
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