Metal stamping is one of the fastest-growing metal fabrication techniques, and so is the demand for highly skilled metal stamping suppliers. As technologies advance to automation, this age-old metal fabrication process has evolved to become capable of creating complex metal parts with good accuracy.
With rapid demands for high-precision metal parts in almost every industry, the metal stamping industry is anticipated to witness a steady growth, (CAGR) of 4.7% from 2022 to 2030. The key driver behind the steady growth of the industry is the growing demand for consumer electronics like mobile phones, speakers, controllers, etc.
Apart from this, the advancing technologies in emerging sectors like the electric vehicle industry are opening doors for higher demand for close tolerance precision metal stamped parts. Big companies are actively investing in different metal stamping facilities. For example, General Motors recently announced a USD 491 million investment in a metal stamping facility to propel the EV production unit.
Role of metal stamping suppliers in today’s world
Metal stamping suppliers offer different services and metal fabrication possibilities depending on the type of project. An experienced metal stamping supplier company like Eigen has good, clear, and pervasive knowledge of the metal fabrication processes. Such companies cater to the requirements of different industries with the highest possible quality.
Metal stamping suppliers with years of experience add value and help create a prototype that fits the design and the end-use of the metal part well. Such companies will be equipped with the right tools to perform a variety of metal stamping processes. They will also have a team of experts who keep a check on the quality of the precision metal stamping and ensure the products match all the required industry-specific quality standards.
Industries that rely on metal stamping
Aerospace industry.
The components for the aerospace industry must meet stringent industry standards. It is important to maintain the quality because a slight change can pose risk to the safe use of aerospace equipment. In such a scenario precision metal stamping is the best choice as it offers high repeatability and precision of metal-stamped parts.
Original equipment manufacturing (OEM)
The OEM industry relies heavily on the precision of the metal parts. Precision metal stamping suppliers are the best place where they invest to create durable custom-designed products.
Apart from this, the strength of the metal stamped parts are high, which are apt for such applications.
Medical electronics industry
Medical electronics have evolved to help improve the quality of the medical process and increase the quality of human life. Such devices need to have precision parts and also be durable.
The industry relies on the accuracy of metal stamping parts. The medical instruments usually require silver-plated metal stamping parts due to their antibacterial properties.
Electrical and power components
Components like connectors, housings, clips, fasteners, and assemblies are often the product of a metal stamping process. Most metal stamping suppliers have this as an offering as it is a default offering as it is highly in demand today.
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