Metal stamping market keeps growing

metalstampingIn next years the global metal stamping market is expected to rise, exceeding USD 180.0 billion by 2022. According to a new report by Grand View Research, Inc. Growing metal stamping requirement in infrastructure development particularly in emerging economies is expected to drive market demand.

The industry is characterized by R&D investments by companies to improve metal stamping processes. Rising energy costs have generated importance for high efficiency metal stamping machines. Further, stamping failures such as tearing and wrinkling affect overall operational costs. The industry has witnessed development of hybrid electromagnetically assisted sheet metal stamping technology that reduces failures by controlling strain distribution during stamping process. Such technological advancements are crucial for overall industry development.

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