• 25-27 November 2021
  • Bombay Exhibition Centre (NESCO), WEH, Mumbai

Metal cutting machine market to reach USD 9,492.8 million by 2027: Market Report

Rising adoption of industry 4.0 in the automotive industry is a pivotal factor propelling growth of the metal cutting machine market, according to market research reports.

According to a latest report offered by Reports and Data, “The global metal cutting machine market is expected to reach USD 9,492.8 Million by 2027.” The demand for metal cutting machines has been on the rise lately owing to the rising adoption of industry 4.0 across conventional manufacturing and industrial practices. Industry 4.0, which is also known as the Fourth Industrial Revolution means deployment of automation and advanced technologies, and effective processes in the industrial sector.

The current factory automation trend is fostering demand for and increased use advanced technologies in manufacturing processes to enhance productivity and improve product quality and workforce management. Moreover, quality assurance is a significant aspect in the manufacturing sector, which requires efficient functioning of equipment and machinery. When a machine malfunctions or functions inefficiently, the quality of output metal products suffers. Industry 4.0 offers a real-time quality assurance of the metal cutting machines, further driving the market growth.

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