未能找到元数据文件“d:\wwwroot\Site_0005551\bin\System.Data.SQLite.dll” The rapid growth of emerging economies to promote global cutting tools market HUBEI EXIN DIAMOND TECHNOLOGY CO.,LTD.
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The rapid growth of emerging economies to promote global cutting tools market
Date: 2014-07-13
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The new report Frost & Sullivan, the analysis found that the 2012 global machine tool and cutting tool of $15720000000 to $21180000000, is expected in 2017. Covering North America, Europe (Russia and other CIS countries), the Middle East, Africa, Asia Pacific and Latin America countries and regions of the metal cutting, metal forming and metal surface treatment technology.

 

Machine tools and cutting tools for a wide range of applications, across multiple industries. The aerospace and defense, coal mining, power generation and the needs of the automotive industry is expected to boost the market growth.

 

Guru Mahesh, a research analyst at Frost & industrial automation and process control, Sullivan, pointed out that "despite the economic downturn, but the emerging economies, such as India, Brazil and Russia, Chinese for machine tools and cutting tools, demand is expected to grow. Automobile, increasing investment in aerospace and defense industry, coupled with the machine and the application will be cutting tools in these industries in the production process to promote the absorption capacity of the industry market."

 

In China Europe, Russia, and India, aerospace and defense industry growth, as well as the application of high precision cutting tools, super abrasive materials, metal forming and machining tool for machine tools and cutting tools industry provides a good market prospects.

 

Aerospace to a growing demand for advanced materials, such as nickel alloy and titanium alloy to further promote the application of machine tools and cutting tools.

 

Mahesh said: "the biggest challenge tools factory is now faced with these advanced materials are difficult to machine processing, deformation and easy to cause the tool. The investment on R & D may solve this problem, in order to contribute to the market growth."

 

Manufacturers are investing in the research and development of surface coated with titanium carbide, titanium nitride and alumina materials tools. Method of applying processing by chemical vapor deposition or physical vapor deposition to complete. This tool can withstand more heat, prevent deformation tools.

 

Mahesh suggested: "not only Chinese, India manufacturers to focus on product development strategy, the potential for higher growth in emerging countries to support innovative, high quality products. Using the growth potential of the market, provide technical training is also very important." (excerpts from: Emerging Economies to Fuel Global Machine Tools and Cutting Tools Market, translation: Ma Yanping)

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