<p>Single-Point Incremental Forming (SPIF) technique is one of the types of incremental forming (IF) process that is currently the focus of several researchers due to its good formability and ability to produce customized products and prototypes. SPIF has potential to eliminate traditional forming equipment and expensive tooling in the rapid prototyping applications. Despite these benefits, this technique is not preferred in several manufacturing sectors as it has limitations like sheet thinning, poor geometry of the formed product, higher processing time, etc. Numerous studies and experiments have been performed in the past to reduce the limitations of this process by different techniques like process parameters optimization, workpiece parameters optimization, carrying out forming at elevated temperatures, using artificial intelligence (AI), using simulation software, etc. In this article, advancements and developments, specifically in the SPIF variant of incremental forming technique in the last 2 decades, have been presented. The article also discusses about the latest advancement of variants of the non-traditional IF rather than the traditional IF process. The use of non-traditional processes is justified in the article. The study includes a summarization of various non-traditional IF processes, process parameters and tool path optimization, advanced tool shapes and design, sheet geometry parameters, FEM simulation, use of AI, process outcomes, and applications of SPIF. The reader can understand and decide about using a particular incremental forming method to prepare the sound components.</p>