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CNC Machine Market to Hit USD 128 41 Billion by 2028; Stoked by Increasing Adoption of IoT in Industrial Applications: Fortune Business Insights™

Share: Pune, India, June 04, 2021 (GLOBE NEWSWIRE) The global CNC machine market size is expected to gain momentum by reaching USD 128.41 billion by 2028 while exhibiting a CAGR of 6.3% between 2021 and 2028. Fortune Business Insights in its report, titled CNC (Computer Numerical Control) Machine Market, 2021-2028. , observes that the market stood at USD 81.95 billion in 2020. Factors such as the increasing deployment of modern technologies such as artificial intelligence and the internet of things (IoT) will propel the adoption of the product across the globe. The catastrophic effect of the COVID-19 pandemic has been felt across several economies facing unprecedented loss. The lockdown imposed by the government agencies has led to several industries facing halted industrial operations. However, a collective effort from the government and the industries is likely to bring the economy back on track and aid in the resumption of industrial activities.

MHI Machine Tool Develops Gear Shaping Machine for High-Precision Small-Module Gears Used in Robots

MHI Machine Tool Develops Gear Shaping Machine for High-Precision Small-Module Gears Used in Robots - New addition to the FR Series introduced last August is even more advanced, raising gear cutting precision through adoption of direct-drive motors - Machine launch from March 2021, together with dedicated tool for small-module gear cutting TOKYO, Mar 01, 2021 - (JCN Newswire) - Mitsubishi Heavy Industries Machine Tool Co., Ltd., a Shiga-based part of Mitsubishi Heavy Industries, Ltd. (MHI) Group, has newly developed the SE25FR Plus, a gear shaping machine dedicated to making high-precision small-module(1) gears used in robots. The company has simultaneously developed a small-module cutting tool specifically for the new gear shaping machine. Full-fledged marketing of both new items will commence in March. By providing this dual support in high-precision gear cutting machines and cutting tools from a single source, MHI Machine Tool looks to respond to the need for reduction gea

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