Innovation and quality are the vital characteristics for the market of machine tools and cutting tools. This is confirmed by a new study conducted by Frost & Sullivan: “Global Machine Tools and Cutting Tools Market”.
Thanks to the research of the producers in the segments of cutting, shaping and finishing of metals, the value of the fund will increase from 15.72 billion dollars in 2012 to 21.18 billion expected for 2017.
“Despite the economic crisis, it is expected that the demand for machine tools and cutting tools will grow in emerging economies such as China, India, Brazil and Russia (BRIC),” says Mahesh Guru, an analyst at Frost & Sullivan.
In order to pull the market will be large groups of European and Oriental operating in aerospace, a sector where the use of high-precision cutting tools and machine tools for the manufacture of metals is booming, as well as the need for advanced materials (nickel alloys and titanium alloys).
“The biggest challenge that the tool manufacturers face is that these advanced materials are very difficult to work with and tend to increase the deformation of the tools – notes Mahesh -. It is likely that investment in research and development will be directed to this challenge and encourage the expansion of the market. ”
To prevent deformation, the vacuum has proven the best ally in the heat treatment of materials. But China and India have not been able to respond to the ever-growing demand for quality solutions due to the lack of local expertise.
