The U.S. metal forming industry converts ferrous and nonferrous metals into a variety of intermediate or end-use products utilizing processes such as cutting, stamping, welding, punching, bending, laser cutting, roll forming and coil processing. According to industry intelligence firm First Research, there are approximately 55,000 U.S. metal forming companies, and industry revenue totals about $350.0 billion annually. During 2021, industry revenue grew by 11.3%.
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