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| THE METAL STAMPING FORECAST FOR 2021 http://forofjcruiser.com/viewtopic.php?f=1&t=17932 |
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| Autor: | upamfva [ Mar, 18 May 2021 8:04 am ] |
| Asunto: | THE METAL STAMPING FORECAST FOR 2021 |
THE METAL STAMPING FORECAST FOR 2021 Because so many industries rely on metal stamping for their precision metal parts, metal stamping services remained in demand throughout 2020, despite the many changes and challenges the world experienced due to the COVID-19 pandemic. Efficient and cost-effective, metal stamping allows for accurate production with an automated process that reduces a company’s labor costs. You can easily increase volume of complex metal components in a variety of shapes and sizes without necessarily increasing your workforce.To get more news about deep draw metal stamping, you can visit tenral.com official website. The demand for custom metal stamping is poised to increase over the next several years, as industries like automotive, aerospace, industrial, and electronics are driving the need for precise metal components to match their innovation and growth.The pandemic required many manufacturers to pivot. Facing disruptions to the supply chain and changes in consumer wants and needs, companies were forced to adapt if they wanted to survive. For some, this meant finally adopting new technology that once seemed overwhelming or cost-prohibitive, and those changes will continue to serve them into the future. Metal stamping manufacturers in particular started looking to the data to guide their strategies and realizing that with automated processes and advanced technology, including remote access capabilities for their equipment, there are new considerations for the size and location of their workforce. Despite the many surprises 2020 threw at us, the metal stamping market continued its upward trajectory. The future is bright: the demand for precision metal components is only continuing to grow, and the market may increase by $28.41 billion in the four years leading up to 2024. Metal stamping enables the production of complex lightweight components in a variety of materials, including stainless steel, galvanized steel, high strength low alloy steel, copper, aluminum, brass, and more. The automotive and aerospace industries rely heavily on these components, because they are always looking for ways to make their vehicles lighter and more fuel efficient without sacrificing safety and durability. Demand from those industries, combined with low materials costs, will drive metal stamping trends in 2021. Despite the state of commercial air travel in 2020—for example, the Europe region was forced to reduce their flight schedule by up to 95%, and they were not alone as would-be passengers around the world canceled their travel plans—the aerospace industry has been on a steady growth trajectory over the last several years. Even though many commercial airlines have temporarily stopped ordering new aircraft, there’s still a move to replace old passenger planes and fighter jets with new aircraft that take advantage of advanced technology to offer greater fuel efficiency and sound reduction. Metal stamping for aerospace and defense alone is projected to hit $33.6 billion by 2027, a CAGR of 4.6%. In automotive, the move toward electric and hybrid vehicles is enhancing production. |
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