Future and Prospect of Metal Cutting Tools and Accessories
by Ambarish Verma PresidentIn this constantly changing manufacturing
world, the passion for metal cutting is crucial to stay ahead. We share that
passion. With a keen understanding of your business realities, we provide you
with metal cutting tools and solutions that match the ambitions of your
company. Together, we shape the future of manufacturing.
Cutting may be
accomplished by single-point or multipoint tools. Single-point tools are used
in turning, shaping, plaining and similar operations, and remove material by
means of one cutting edge. Milling and drilling tools are often multipoint
tools. Grinding tools are also multipoint tools. Each grain of abrasive
functions as a microscopic single-point cutting edge (although of high negative
rake angle), and shears a tiny chip.
In the coming years there is an increasing
demand for Metal Cutting Tools in the regions of USA and Europe that is
expected to drive the market for more advanced Metal Cutting Tools. Increasing
of automotive fields expenditures, more-intense competition, launches in
introducing new products, retrofitting and renovation of old technology,
increasing adoption of Metal Cutting Tools will drive growth in China markets.
Globally, the Metal Cutting Tools industry
market is low concentrated as the manufacturing technology of Metal Cutting
Tools is relatively matures than some high-tech equipment. And some
enterprises, like Sandvik, Kennametal, Iscar, etc. are well-known for the
wonderful performance of their Metal Cutting Tools and related services. At the
same time, Europe, occupied 22.74% revenue market share in 2016, is remarkable
in the global Metal Cutting Tools industry because of their market share and
technology status of Metal Cutting Tools.
The Revenue of Metal Cutting Tools is related to
downstream industries and global economy. As there will always be some
uncertain in the global economy in the following years, the growth rate of
Metal Cutting Tools industry may not keep that fast. But it is surely
forecasted that the market of Metal Cutting Tools is still promising.
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Created on Oct 12th 2018 07:26. Viewed 557 times.