LONDON--(BUSINESS WIRE)--Technavio’s latest report on the global milling machines market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
Gaurav Mohindru, a lead research analyst from Technavio, specializing in research on tools and components sector, says, “The manufacturing sector has been a major contributor to the global economic development. Today, in developed economies, the manufacturing sector helps productivity, innovation, and trade more than employment and growth.”
The manufacturing sector is moving toward a dynamic new phase. As new global consumer segment emerges in developing economies, and innovations create additional demand, global manufacturers may find extensive opportunities but in a much more unpredictable environment. The manufacturing segment is evolving in many countries. The growth in developing economies is shrinking. The new manufacturing companies have low-wage structures and tend to compete with the existing players based on technology and innovation.
Request a sample report: http://www.technavio.com/request-a-sample?report=56212
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
The top three emerging trends driving the global milling machines market according to Technavio heavy industry research analysts are:
6-axis CNC machine to transform machining operation
The 5-axis CNC machining had made a huge difference in the metal processing industry, by reducing the cycle time, increasing efficiency, and reducing the wastage of material. But the growing demand from major end-users like automotive, aerospace, and metal fabrication have prompted the manufacturers for innovations and technological incorporation.
“The 6-axis CNC machine is such an innovation that will redefine the machining operation. The 6-axis machine converts a raw metal bar into the final product by turning from both the ends of the fixture, thus eliminating multiple fixtures and other activity in machining activity,” according to Gaurav.
Rise in use of automation
The machine tools industry in the developing and developed countries, especially those in SMEs, are the major users of numerical control (NC) and computerized numerical control machines rather than conventional machines. The use of computer-aided design (CAD) and computer aided manufacturing (CAM) to design NC and CNC machine components results in an extremely accurate machine that can operate effectively and efficiently.
Implementing automation not only increases profit margins but also has a positive impact on resource regulation and loss control. Automation in a company’s production or fabrication process increases its competitive edge and reduces operational costs.
The key vendors are as follows:
- Dalian Machine Tool Group
- DMG MORI
- GF machining solutions
- Shenyang Machine Tools Co., Ltd.
- Yamazaki Mazak
Browse Related Reports:
- Global Construction Machinery Market 2016-2020
- Global Industrial Gearbox Market 2016-2020
- Global Lathe Machine Market 2016-2020
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like construction, engineering tools, and unit operations. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.
About Technavio
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at media@technavio.com.
