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Metal Cutting Industry Outlook 2017

Metal cutting tools are widely used in different industries like agriculture, automotive, aerospace, and oil & gas industries. The metal cutting manufacturers are constantly strive to create top-notch quality products. Their approach is more customer-centric and keep their demands in mind while shaping new strategies. This piece by Bipico, a leading metal cutting tools manufacturer, has shared its insights on the outlook for metal tools industry in 2017.

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Metal Cutting Industry Outlook 2017

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  1. Metal Cutting Industry Outlook 2017

  2. Metal cutting tools have found their use in several manufacturing units including agriculture, automotive, aerospace, and oil & gas industries. The metal cutting market is characterized by both small-scale and international vendors. Regional players are focused on satisfying needs of the customers confined to the local market, whereas the customer base of international industries spans across national boundaries.

  3. Overview ●Metal cutting manufacturers are under constant pressure to deliver latest and feature-rich products. ●The requirements of customers have altered – expecting more performance-oriented and cost-effective tools. ●The metal cutting tool manufacturers are taking initiatives in producing top-grade output while ensuring safety of the operators.

  4. A research conducted by Technavio suggests a positive growth of 7% in the market by completion of the year 2020.

  5. The biggest consumer of metal cutting tools is the automotive market, contributing majorly in the annual income generated.

  6. 1. 3D Printing ● 3D printing involves usage of a digital file to create three- dimensional objects. ● It enables production of complex geometries with ease which, otherwise, would have been a tough work to do. ● These complex shapes are usually produced by building one by one multiple thin layers.

  7. 2. Increased demand of HSS metal cutting tools ● HSS tools are known for their durability and efficiency. ● They can withstand high temperature and cut faster, hence they are named 'high speed'. ● Help in reducing the overall completion time of a product and increase its quality.

  8. 3. Fabricated metal products Fabricated metal products are in demand due to their wide range of applications, like ammunition, utensils, products made of stamped metal, cutlery, tanks, springs, and some hardware products. A steep rise has been observed in the demand of this metal product from construction and machinery sector.

  9. Fabricated metal

  10. BIPICO, an ISO 9001:2008 company is established in November – 1974 and is proud of its more than four decades journey as a Hacksaw Blade manufacturing company, BIPICO has grown into a major cutting tools manufacturer and exporter with a strong brand image in India and in International markets.

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