Technavio has been monitoring the global metal cutting tools market which, it says, is poised to grow by US$ 10.24 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. Its latest report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
On the eve of the six-month anniversary of the UK entering a nationwide lockdown, optimism among UK manufacturers and engineers for a speedy return to ‘normal’ was dissipating, according to research carried out by Subcon, the UK’s subcontract manufacturing supply chain show.
COVID-hit businesses are calling for a pragmatic approach to secure UK-EU agreement on Brexit.
Image caption: Hartmut Rauen, Deputy Executive Director, VDMA.
The publication of a new ‘OPC UA for Machinery’ specification moves the manufacturing industry closer to the goal of a global ‘production language’ for machine tools.