As industries across verticals embrace cost-effective, technology-fueled manufacturing processes, the global metal stamping suppliers market is expected to evolve and grow in the coming years.
The metal stamping process is not limited to punching out coins or simple design tools and metal parts like bicycle parts. In many applications, it has now replaced metal fabrication processes like die forging and machining. The global metal stamping market is anticipating a growth of 4%(CAGR) from 2022 to 2030 and was valued at USD 206.01 Billion in 2021.
Consumer electronics is one of the key industries that are driving the metal stamping market. The main contributor here is the growing demand for smart devices like phones, watches, and other wearables that require antennas, chassis, and camera lens holders.
Most metal stamped parts need to have the accurate dimension and shape that the metal part designer suggests to retain their desired functionality. This is why metal stamping companies are now preferring precision metal stamping dies often for the production of complex metal parts with high accuracy.
What is a precision stamping die?
Precision stamping dies are used to punch markings or create three-dimensional complex shapes that require high precision. These work with high-speed punch presses and use custom steel rules. Some common examples of precise meal parts are washers, seals, insulators, etc.
Precision stamping dies are capable of mass-producing metal parts of any thickness with tight tolerances to match the desired designs and application suitability.
This is why the future of the global economy for precision stamping looks promising. Major precision stamping companies like Eigen are equipped with state-of-the-art machinery and technologies. Such companies contribute significantly to the growth of the precision stamping die market.
Precision Stamping Methods:
The success of the precision stamping process depends on the type of stamping. Some common ones are:
- Deep drawing:
Deep drawing for large metal parts allows multiple processes like blanking, swagging, and sizing to apply recessed features on a metal sheet.
- Fine blanking:
Fine blanking is best for creating highly accurate smooth-edged metal parts. It is a single-step cold extrusion technique.
- Multi-slide stamping:
Multi-slide stamping works well when there is a need for complex shapes that also demand simultaneous pressing for a series of metal stamping processes on a single worksheet.
Industries like automobile manufacturing rely on blanking more than any other metal stamping process to create more precise and superior stamping capability. Also, blanking allows mass production lines that are a must while producing metal parts. It makes blanking one of the fastest-growing metal stamping trends,
Another crucial metal stamping process that is likely to bloom in the future is embossing. Even though this process is associated with metal printing, there is a high demand for embossing. It is directly associated with inscribing metals. Bending is the other metal stamping process that will witness a 5% growth in the metal stamping market.
Applications of Precision Metal Stamping:
Precision metal stamping parts are mainly developed for application-critical metal parts. Some of the key application areas where precision metal stamped parts are:
- Automotive industry
Precision metal stamping derives major revenue from the automotive industry, as it is highly useful in the mass production of engines, chassis, exterior structural panels, and transmission parts are all made using sheet-metal and metal stamping processes.
- Industrial Machinery
Industrial machinery cannot compromise on the accuracy of its metal stamped metal part. The contribution of precision metal stamped parts is estimated to grow at 5.3%.
Precision metal stamping can produce light weight and high-durability metal parts.
- Consumer electronics
The precision stamping process is also finding its valuable space in the consumer electronics industry. It includes home appliances, mobile devices, and other items which require highly accurate, specific designs.
Benefits of Precision Stamping
Although precision metal stamping is a standard and ubiquitous manufacturing process, there are other reasons to choose precision metal stamping like:
- Lower die cost: Precision stamping methods can produce and maintain a high volume and minimal damage.
- Lower secondary cost: Precision stamping dies are easy to clean and have to plate those costs less than other metal forming techniques.
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