“One year into the COVID-19 pandemic, the accumulating human toll continues to raise concerns, even as growing vaccine coverage lifts sentiment. High uncertainty surrounds the global economic outlook, primarily related to the path of the pandemic.

Caption for above image: Martin Lundstedt, President and CEO, Volvo Group.

Image caption above: Deep drawn metal parts (source: New England Metalform, Inc.)

The addition of a new hydroform deep draw press from Quintus Technologies brings increased capacity, flexibility and production efficiencies to aerospace parts manufacturer, Aeroforma Technologies.

(Image caption above: VDW Chairman, Dr. Heinz-Jürgen Prokop.)

According to updated research (from ResearchAndMarkets.com), amidst the COVID-19 crisis, the global market for sheet metal estimated at US$ 71.9 billion in the year 2020, is projected to reach a revised size of US$ 86 billion by 2027, growing at a CAGR of 2.6% over the analysis period 2020-2027.