Sheet metal processing is ubiquitous around us; almost all metal manufacturing industries utilize it, and sheet metal parts are also highly prevalent in the manufacturing of machinery and equipment, with sheet metal processing present in nearly every manufacturing industry. Overall, the sheet metal industry has experienced rapid development in recent years, primarily due to the following reasons.

1. Low precision requirements and ease of learning. In terms of metal processing, it's quite common to have tolerances in the tens of micrometers, and the complexity of the processes can be quite high, with some parts requiring up to dozens of steps. Therefore, metal processing companies typically need a variety of machinery and equipment to meet different process requirements. In contrast, the precision of sheet metal punching is generally around ±0.1mm, and bending precision can usually reach ±0.5mm, making it significantly less precise than metal processing.

2. High profits. For stamping, profits typically reach around 30%, while laser cutting can achieve 50% or even more.

3. Rising Demand for Production Capacity. As China increasingly becomes an international manufacturing hub, coupled with the growing foreign investment, the demand for precision metal processing is continually escalating. Typically, electrical control cabinets and machine enclosures in the metal processing industry are sheet metal components, thus leading to a rising demand for sheet metal processing capabilities.

Although sheet metal processing currently accounts for only about 25% of metal processing, with the advancement of the market, its market share is expected to grow significantly.