Global Metal Cutting Machine Tools Market 2016-2020
About Metal Cutting Machine Tools
Machine tools that are used in the cutting and shaping of metals and other materials today have their origin in the tools that were also developed during the Industrial Revolution. These tools are effectively used for manufacturing critical components with the utmost ease and accuracy. Based on the mode of operation, machine tools can be either conventional or numerically controlled (NC). Machine tools include products such as machining centers, turning machines, grinding machines, and cutting machines. These tools are extensively used in various end-user industries such as automotive, aerospace, consumer durables, and electrical and electronics, die mold, healthcare, and shipbuilding.
Technavio’s analysts forecast the global metal cutting machine tools market to grow at a CAGR of 7.41% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global metal cutting machine tools market for 2016-2020. To calculate the market size, the report considers the demand for metal cutting machine tools from the various end-user industries in the metal cutting machine tools market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Metal Cutting Machine Tools Market 2016-2020
Technavio recognizes the following companies as the key players in the global metal cutting machine tools market: Bystronic, Coherent, Colfax, Komatsu, Nissan Tanaka, and Trumpf.
Other Prominent Vendors in the market are: Amada, Baileigh International, Danobat, Eagle Bending Machines, Epilog Laser, Epilog Laser, Hypertherm, IPG Photonics, Jenoptik, JTEKT, KMT Waterjets, Koike, Lincoln Electric, Lumentum, LVD, Messer Cutting Systems, OMAX Waterjets, Rofin, Romi Machine Tools, Semyx, Shenyang All-Powerful Science & Technology Stock, and Water Jet Sweden.
Commenting on the report, an analyst from Technavio’s team said: “Emergence of high-definition plasma cutting will be a major key trend for market growth. As technology advances, all the parameters that control high-definition plasma cutting may become automated using CAM software and PC-based control systems. Electrical interfaces in the high-definition plasma cutting system constitute Ethernet-based interfaces between the plasma, gas flow controller, torch height controller, and CNC system. In this process, instant troubleshooting is possible due to internal diagnostics, which can extend to direct factory connections for online troubleshooting in case expert opinion and intervention is required.”
According to the report, gaining popularity of robotic waterjets will be a key driver for market growth. The application of robotic waterjets ranges from cutting, cleaning of a variety of materials, and drilling. The whole process is carried out by a jet of water or high-pressure water stream. One of the primary benefits of a robotic water jet is that there is no use of chemicals solvents, and the cutting process can be continuous as the water is recycled and circulated in a loop. The high precision rate helps to reduce material wastage, and the entire operation is dust, smoke, and heat free.
Further, the report states that CNC control is complicated as hundreds of buttons are used to set up the overall cutting process. Moreover, in laser cutting, the machine operator should have sufficient training to operate this complex system and achieve end-products that are accurately cut and processed. Even a tiny error in operating the control system may result in an inferior product that lacks in quality and finish, besides wasting resources. The dearth of qualified and skilled operators has made the operation of CNC laser cutting machines difficult to control and execute with accuracy, which is a challenge to the market.
Bystronic, Coherent, Colfax, Komatsu, Nissan Tanaka, Trumpf, Amada, Baileigh International, Danobat, Eagle Bending Machines, Epilog Laser, Epilog Laser, Hypertherm, IPG Photonics, Jenoptik, JTEKT, KMT Waterjets, Koike, Lincoln Electric, Lumentum, LVD, Messer Cutting Systems, OMAX Waterjets, Rofin, Romi Machine Tools, Semyx, Shenyang All-Powerful Science & Technology Stock, and Water Jet Sweden.
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