Sheet metal is metal formed by an industrial process into thin, flat pieces. It is one of the fundamental forms used in metal working and it can be cut and bent into a variety of shapes. Countless everyday objects are fabricated from sheet metal. Thicknesses can vary significantly; extremely thin thicknesses are considered foil or leaf, and pieces thicker than 6 mm (0.25 in) are considered plate.
Sheet metal is available in flat pieces or coiled strips. The coils are formed by running a continuous sheet of metal through a roll slitter.
The future of sheet metal in the automotive industry will largely depend on the future needs of the industry. With current tendency on lean manufacturing and cost cutting, the sheet metal forming process which suit that the most will be the most valuable to the industry. Thus, as an entrepreneur this project offers an exciting opportunity to you.
Few Indian Major Players are as under:
- Admach Auto India Ltd.
- Autoline Industries Ltd.
- B I L Metal Inds. Ltd.
- CaparoMaruti Ltd.
- Ferreterro India Pvt. Ltd.
- Hwashin Automotive India Pvt. Ltd.
- J B M Auto Ltd.
Sheet metal demand in the US is forecast to cross $20 billion by 2016.
The global sheet metal equipment market will grow steadily during the next four years and will post a CAGR of almost 7% by 2020.
Increasing demand for sheet metals in the building and construction sector is also expected to fuel demand for these metals in the market.
Sheet Metal Equipment Market (6.69% CAGR) Growth to 2020, the metal cutting equipment segment accounted for almost 68% of the total sheet metal equipment market shares and dominated this industry. The growth of sheet metal equipment market segment mainly attributes to the demand for metal cutting equipment from the developed countries in Europe and the emerging economies in Asia. Analysts estimate this market segment to grow at a CAGR of more than 7% during the forecast period.
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