Rolling mill machinery manufacturers are offering advanced 6-axis CNC milling machines to efficiently fabricate complex components. CNC milling is a specific type of computer numerical controlled (CNC) machining. This involves the use of computers to control machine tools like lathes, mills, routers and grinders. The 6-axis CNC machine converts a raw metal bar into the final product by turning from both the ends of the fixture. This offers high quality products while minimizing errors. CNC milling helps in short-run production of complex parts and fabrication of unique precision components. Major companies manufacturing 6-axis CNC milling are Yamazaki Mazak, DMG MORI, ERLO, Giben International, Haas Automation, Knuth Machine Tools, IMSA.
THE BUSINESS RESEARCH COMPANY EXPECTS THE METALWORKING MACHINERY MANUFACTURING MARKET TO GROW TO $394 BILLION BY 2021
Asia Pacific was the largest region in the metalworking machinery manufacturing market in 2017, accounting for more than half of the market share. This was due to the leading global role of countries such as China and Japan in manufacturing and industrial output.
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According to The Business Research Company’s Consultant, Nitin Gianchandani, machine tool manufacturers are producing 3D laser processing machines to reduce processing time for laser cutting and welding applications.3D laser is a 5-axle laser machine which cuts sheet-metal components in three dimensions. metals including mild steel, stainless less and aluminium can be cut using lasers. Laser cutting significantly reduces the processing time required for cutting applications and thus reduces costs. Other benefits include localized laser energy input, high feed rate and minimal heat input. They also should consider investing automation technologies.
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TRUMPF Group was the largest player in the metalworking machinery manufacturing market, with revenues of $4.3 billion for the financial year 2016. TRUMPF’s growth strategy is to focus on innovation, regional diversification, acquisitions and investment in new business segments. Trumpf is investing approximately €68 million ($75 million) in tangible and intangible assets to increase its production capacities in Germany. In 2015, the company acquired JK Lasers, a UK based high-power fiber lasers manufacturers. It also acquired AXOOM GmbH, Xetics GmbH, C-Labs Corporation that will provide software and solutions to support manufacturing processes and execution systems and provide secured data transfer from machines to factory IT networks and clouds.
The metalworking machinery industry include companies manufacturing machines such as cutting tools, metal cutting and metal forming machine tools, metalworking machinery accessories, rolling mill machinery, assembly machinery, fabricating machines, industrial moulds, conversion or straightening equipment, special dies, tools, jigs, and fixtures.
Metalworking Machinery Manufacturing Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $6000 for an individual user. To use across your office, the price is $9000 and $12000 if you wish to use across a multinational company.
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