AFTER HAVING ACHIEVED STRONG GROWTH IN recent years, India's machine tool industry is faced with multiple challenges posed by the COVID-19 pandemic which has had a negative impact on various sectors including automotive, one of the key contributors to the growth. Whereas, several other external and internal issues including changing market dynamics and technology advances are having a ripple effect on the machine tool industry, forcing manufacturers to adapt to the new environment.
Machine tool manufacturers acknowledge that the prolonged global pandemic has posed many challenges for the industry. It has rendered massive effects leading to decline in demand in the machine tool market, says Prashant Sardeshmukh, Managing Director, MMC Hardmetal India Pvt Ltd.
As the COVID-19 continues to spell an unpredictable future for industry, Bijal Patel, Senior Digital Machining Specialist at Sandvik Coromant, says resilience will be needed if manufacturers are to navigate an economically and socially viable path. Manufacturers must adapt existing processes, and do so quickly and cost-effectively.
The pandemic aside that has had cascading effects across the industries, the machine tool industry has been facing multiple disruptions due to changing market dynamics and technology.
Industry players say the automotive sector has been one of the key contributors to the growth of the machine tool industry. However, the global developments in respect of emission regulations and rising concerns of climate change and sustainability have propelled the alternative mobility concept, vis-à-vis electric vehicles. “Although this transition is a long-term process, it has started showing impact on the machine tool industry, accepts Sardeshmukh.
Denne historien er fra January 2022-utgaven av Manufacturing Today.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra January 2022-utgaven av Manufacturing Today.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Multiphysics modelling in manufacturing
Multiphysics modelling is transforming manufacturing processes by improving precision and efficiency, as highlighted in the recent Manufacturing Today webinar, 'Multiphysics Modeling of Manufacturing Processes Using COMSOL\".
Revolutionising the automotive industry: Embracing 14.0 with AI & IOT
Advanced robotics is expected to handle 75% of production tasks by 2025, and AI-powered systems are improving quality control and reducing human intervention.
Adopting green chemistry
Adopting green chemistry is key for Indian manufacturers to drive sustainability and enhance their competitive edge.
A cleaner future for coolants
From extending equipment life to minimising environmental impact, the latest innovations in coolants and lubricants are redefining their role, transforming manufacturing in both operational and sustainable ways.
Forging growth and innovation
Kirloskar Ferrous Industries (KFIL) is driving growth in alloy steel and casting by advancing India's foundry and manufacturing capabilities, aiming to reach $2 billion by 2030. Sujatha Vishnuraj, Editor, Manufacturing Today in conversation with Ravindranath Gumaste, MD, KFIL, to know more about the company's commitment to sustainability and growth.
From Locksto Liftoff
A journey that began with a modest lock manufacturing unit has now evolved into one of India's premier multinational conglomerates.
Top 10 digital transformation strategies for manufacturing
In today's rapidly changing industrial landscape, digital transformation is critical for manufacturing companies aiming to increase efficiency, remain competitive, and enhance customer satisfaction.
Analytics in action
Advances in IoT and automation are transforming the testing, measurement and instrumentation industry, resulting in operational efficiency, data accuracy, and sustainability practices.
ITL-CFC 50: Revolutionising metalworking with high-precision cutting, facing, and chamfering
The ITL-CFC 50 Cutting Facing Chamfering Machine stands out as a highly efficient solution for metalworking industries, offering cutting-edge technology for precision operations.
MRF opens new Tyredrome service centre in Mumbai
The Tyredrome of MRF is manned and run by engineers and technicians trained at MRF.