The machine tool industry has evolved significantly in recent years with the developments in both hardware technology and related software applications.
Software can enable advanced features in machining systems like higher precision and the ability to handle different materials that include glass and ceramics. Software can also bring in differentiation through programming productivity and ease of use.
Experience with evolving technology in the machine tool industry has helped to build up an understanding of software challenges faced in this industry.
Tuesday, 24 November 2009
Wednesday, 4 November 2009
The Effect of the Recession
The ongoing recession has had a severe adverse effect on the annual growth of the industrial sector. The machine tool industry has already witnessed a significant decline in its business volumes this year.
As the machine tools industry is largely linked to the auto sector, the demand for machine tools depends on the orders placed by commercial vehicle manufacturers. Consequently, the slump in the auto industry has resulted in a severe blow to the business of small scale machine tools manufacturing units.
Some suppliers of machine tools have reported around 50% fall in their revenue growth over the last year.
As the machine tools industry is largely linked to the auto sector, the demand for machine tools depends on the orders placed by commercial vehicle manufacturers. Consequently, the slump in the auto industry has resulted in a severe blow to the business of small scale machine tools manufacturing units.
Some suppliers of machine tools have reported around 50% fall in their revenue growth over the last year.
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