Stronger growth and usage of sheet metal components in various industries has lead to the increased labor productivity and improved plant profit margins. Sheet metal components have innumerable uses in the different industries like awnings, roof drainage, metal studs, flooring, culverts, cornices, air conditioning ducts, construction and kitchen equipment. The global automobile industry is one of the largest users of sheet metal components. Various sheet metal products used in automotive industry are suspension components, fuel tanks
, frames, trailer parts or trailer accessories
, exhaust parts, pressed flanges etc. This industry comprises of approximately 30000 companies that account for combined revenue of US $ 25 billion per annum.