Image caption above: Evelyn Warwick, Event Director, EuroBLECH.

Image caption above: Lutz Meschke, Deputy Chairman and Member of the Executive Board responsible for Finance and IT at Porsche AG.

The global fibre laser market size is poised to grow by US$ 8.33 billion during 2020-2024, progressing at a CAGR of over 11% throughout the forecast period, according to the latest report by analyst, Technavio. The report offers up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

The UK Government and industry has confirmed new aerospace research and development projects, supported by £400 million public and private sector funding projects. These include developing high-performance engines, new wing designs and ultra-lightweight materials to reduce fuel consumption.

Technavio has been monitoring the global metal cutting tools market which, it says, is poised to grow by US$ 10.24 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. Its latest report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

On the eve of the six-month anniversary of the UK entering a nationwide lockdown, optimism among UK manufacturers and engineers for a speedy return to ‘normal’ was dissipating, according to research carried out by Subcon, the UK’s subcontract manufacturing supply chain show.