The Significance of Metal Stamping in the Automotive Industry

Understanding the Importance of Metal Punching Service in the Automotive Industry

Metal stamping is a manufacturing process that uses a metal stamping die or a series of metal stamping dies to shape metal sheets into three-dimensional dimensional workpieces. The increasingly competitive automotive industry demands manufacturers to increase productivity and reduce unit costs. Bodywork engineers and production manager teams are constantly changing their operational strategies. Metal punching service plays an important role in this. Nowadays, car factories produce about 40-50 key panels per car model, requiring 100-150 molds.

The Automotive Metal Punching Service Market Has Unusually Grown as Demand Surges

Automotive metal stamping is the process of punching parts to achieve the desired shape, combined with the help of stamping dies. Metals commonly used for automotive metal stamping are aluminum, steel, brass, copper, and stainless steel. Ductility is an important characteristic of improving the quality and sustainability of sheet metal, to produce sheet metal parts free of failure during the stamping process. Most of the steel used in automotive parts applications is aluminum steel, with a thickness range of 0.7 to 0.9 millimeters. According to market research, the global automotive metal stamping market is thriving and expected to gain prominence in the forecast period, exhibiting phenomenal growth by 2023, surpassing its previous growth record by value and having an astonishing compounded annual growth rate during the forecast period (2017-2022).

In recent years, the technological progress of the structural sheet metal industry has been developing rapidly. The development and innovation of sheet metal forming technology determine the progress of system control and stamping tool construction. Forming technologies such as hydraulic forming and electromagnetic metal forming are constantly developing. This growth in the structural sheet metal industry will directly affect the automotive metal stamping industry.

Economic factors play an important role in the automotive industry. In recent years, the automotive industry has been severely affected due to economic crises. If economic conditions are poor, vehicle sales will decline, resulting in a decrease in the market for sill beam. In developing and developed markets, the situation is different. As consumer purchasing power is higher, sales in developed markets will increase. In this market, sales of high-end vehicles will also be high. In developing countries, the sales volume of low-cost variants is very high due to low consumer purchasing power. Economic changes will directly affect the automotive industry, which will affect the automotive metal stamping market.