Robotic automation systems are
one of the major trends in the metals stamping industry. Robotic automation
systems are being implemented by companies to improve safety and quality,
reduce costs, and increase productivity. FANUC, Motoman, KUKA and ABB are the
major suppliers of robotic automation systems.
THE BUSINESS RESEARCH COMPANY
VALUED THE GLOBAL FORGING AND STAMPING MARKET AT $66 BILLION IN 2017
Asia Pacific was the largest
geographic region in the market, accounting for more than half of the global
market share.
Read report: https://www.thebusinessresearchcompany.com/report/forging-and-stamping-global-market-report-2018
According to The Business Research Company’s Consultant, Nitin Gianchandani, in order to increase efficiency, the market is going through design optimization by retrenching of components. This involves usage of corrosion resistant materials that provide steep strength to density ratio. Advanced algorithms have been developed to recognize and classify various signal patterns from product die cracking or die
wear.
Magma
International was the largest competitor in the global forging and stamping market,
with revenues of $39 billion for the financial year 2017. Magna’s
growth strategy is to produce a number of first-to-market technologies and
manufacturing processes throughout its history. Some of these innovations
include the integrated child safety seat, stow-into-floor minivan seats, and
plastic, reaction injection molding (RIM) bumpers. Magna has also been
recognized with several Automotive
News PACE Awards for its innovation.
The forging and stamping market includes
establishments engaged in manufacturing forgings from purchased metals, metal
custom roll forming products, metal stamped and spun products, and powder
metallurgy products.
Forging And Stamping Global Market
Report 2018 is a detailed report giving a unique insight into this market. The
report is priced at $4000 for an individual user. To use across your office,
the price is $6000 and $8000 if you wish to use across a multinational company.
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