Staying ahead
In the September 2023 issue of ISMR, we highlight a selection of global trends, challenges and opportunities to help manufacturers stay ahead in 2023.
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Machine-tool market to reach US$ 245 billion in 2032
The machine-tool manufacturing industry is facing a transformative decade and as manufacturers’ needs are more digitally focused, machine-tool builders must evolve their products to meet changing market requirements. According to global technology intelligence firm ABI Research, the machine tool market will grow by a CAGR of 4.3% from 2022 to 2032 and reach US$ 245.2 billion in manufacturing value added.
The connected world
Alberto Martínez, Bystronic’s chief digital officer, explains why and how the sheet metal industry needs to address digitalisation. Reliable data is crucial on this journey.
Bridging the gap
Adopting an enterprise resource planning (ERP) system means a more competitive and profitable manufacturing business. Centralised ERP solutions can bridge the gap between a range of manufacturers’ systems and applications.
Smart sentinels
By Alberto Martínez, Chief Digital Officer (CDO) and Head of Competence Centre Software Service, Bystronic Group.
Supply chains and tech transformation
The pandemic, climate change and geopolitics are driving global manufacturing executives to focus even more than before on a twin transformation; smart digitisation and a focus on environmental, social and governance (ESG) goals, according to analyst KPMG.
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