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Automotive IndustryCrane Sentry

Automotive Die-Stamping Market Is Projected To Grow By $125 Million By 2026

By November 11, 2022No Comments

According to a report published by Technavio, the automotive die-stamping equipment market is projected to grow by $125 million between 2021 to 2026. This prediction is in part due to the increased demand for automotive die-stamping equipment since the start of the Covid-19 pandemic. Machinery like this can cut and shape metal into different shapes which can then be used to manufacture vehicles and other automotive products.

Technological advances in the industry, like the development of the cold stamping process, may also be contributing to this increased demand. The cold stamping process has made shaping easier by doing away with quenching and preheating. This makes the cold stamping process highly efficient and precise.

As die-stamping facilities increase output to meet this demand, the likelihood of die-handling accidents also increases. Therefore, systems that protect personnel and equipment are an essential component of this expansion.

One such safety system is Laser-View Technologies’ Crane Sentry® Hoist Monitoring System. This system can detect when a load is being lifted at an angle and alert operators of the unbalanced condition. Operators can then center the load so it avoids swinging into personnel or colliding with other equipment.

If you’re looking to improve your anti-collision safety efforts and overall reliability, consider learning more about the Crane Sentry® Hoist Monitoring System. Each system is simple to install and comes with assistance from our team of experts. Together we can help you keep your personnel safe, improve uptime, and avoid damage to your equipment.

To learn more, contact Laser-View Technologies today.