Trends Impacting Global Machine Tool Market

Related Vendors

HASCO Hasenclever GmbH + Co KG

Renishaw plc

DIPROFIL Diamantprodukter AB

Technological advances

The machine tools industry has evolved with the development of both hardware technology and software applications. This has resulted in machines becoming faster, intelligent, and versatile. Machines have now become multifunctional and are capable of performing a broad range of tasks inside a single set up. Electrical discharge machines, ultrasonic, and electronic beam technologies have revolutionized manufacturing technology. In 2013, the Taiwan-based Tongtai Machine Tool Co.'s TT51-USA ultrasonic machining center was set up in the U.S. This center offers a user-friendly operational interface together with enhanced machining precision. The German-made Trumatic 6000 was also introduced in the same year; this machine combines punching and laser technologies.

Multiple software products can be standardized on one platform. Advanced CAM technology is being used for multi-axis, multi-spindle, and multi-turret machines. Software is increasingly being used in automation of manufacturing and engineering processes. Software applications provide an integrated view of operation through direct integration with product lifecycle management, manufacturing execution services, process planning, and enterprise resource planning systems.

Surge in automation

The growing demand for superior-quality products has propelled companies to undertake automation in manufacturing. Investment in global process automation is continuing to grow at 6 per cent and is projected to reach $120 billion by 2019. This growth is focused on areas such as technology, hardware, software, services, and the communication protocol used for automation.

The machine tools sector in the developed and developing countries, especially those in mid and small-scale industries, are increasingly using NC and CNC machines rather than manually controlled conventional machines. The new and advanced machines operate using programmed commands and computers to enhance productivity.

“Increased productivity is a major factor, which benefits companies that use process automation. Moreover, implementing process automation not only enhances profit margins but also has a positive impact on resource regulation and loss control,” Anju says.

Some of the top vendors in the global machine tools market, as researched by Technavio analysts are:

• DMTG

• DMG MORI

• SMTCL

• Yamazaki Mazak

This article was first published on maschinenmarkt.international.

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