Global Metal Machining Market GrowthClick image to enlargeUK-based research firm Technavio forecasts the global metal machining market is poised to grow by US$14.76 billion during 2020-2024 at a compounded annual growth rate (CAGR) of almost four per cent during that period.

In its latest report, the firm predicts growing demand from the oil and gas industry and emergence of 3D printing in manufacturing will boost market growth.

Technavio says rapid industrialization and urbanization, followed by increasing consumption of energy in developing countries including China and India, will drive the need for E&P activities in the oil and gas industry.

The rise in offshore oil and gas exploration activities—particularly deep-water exploration—will increase demand for fabricated parts for pipelines, oil rigs and other infrastructure. The report says this will in turn boost demand for metal machining equipment used to fabricate and install pipelines and gathering lines to deliver the oil and gas to refineries.

Although the accelerating growth will offer opportunity, the shortage of a skilled workforce will be a challenge for many market participants. To increase market share, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.


For more information, or to purchase a copy of the report, visit Technavio's site here.

BLM Group announces new sales manager for Eastern Canada

Tube and flat sheet processing solutions manufacturer BLM Group USA has appointed Paul Maietta as regional sales manager for Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador.

Damage from closed borders 'potentially irreversible,' says CTMA survey

Canadian manufacturers are still feeling the pinch of stringent border controls during the COVID-19 response, according to a recent survey, and in some cases the pain is worse than ever.

Free webinar links CAM software to multi-tasking

Topic: Mazak webinar "Process Planning for Improved Multi-Tasking Machining" 

Date & Time: February 18, 2:00 pm EST

Mazak is holding a free webinar on the role CAM software plays in process planning and optimizing of mill-turn operations. 

Ford, Magna investing big in advanced R&D

Two of Canada's major manufacturers, Ford and Magna, are investing millions of dollars in advanced research and development for connected vheicles and services and artificial intellingence.

Advances in additive manufacturing: laser deposition welding and milling

DMG MORI's latest innovation is its hybrid machine tool, Lasertec 65 3D, which combines laser deposition welding with five axis milling, allowing for additive manufacturing of full components with finished part quality.

Ottawa invests $12 M in Manitoba projects

The federal Minister of International Trade Diversification, Jim Carr, has announced that Ottawa will be providing $12 million in funding for a range of projects in Manitoba.

Industrial robot market to hit close to $80 B by 2022

You can expect to see more automation and robotics in manufacturing plants by 2022 according to a new report on the use of industrial robots by Markets and Markets.

IMTS: More to see in 2012

Event on track to rank among top five largest IMTS events covering 1.2 million net square feet of trade show space with more than 1,800 exhibitors

Alberta to come out of recession in 2016: report

A modest recovery for Alberta in 2016 "is in the cards" according toThe Conference Board of Canada's Provincial Outlook. The news is part of additional positive growth news for BC and Quebec.

Provincial governments invest in apprenticeship, skilled trades

The Alberta and Ontario governments have announced new investments to promote careers and training in the trades.

Jet-through chuck with new sizes

Big Kaiser has expanded its jet-through hydraulic chuck line to include the BCV interface and additional inch sizes.

Automotive drives strong robotic sales

The North American robotics market has recorded its strongest year ever in 2012, according to new statistics from Robotic Industries Association (RIA), the industry’s trade group.

FABTECH 2013

North America's premier event for metal fabricating, forming and welding takes place in Chicago, IL November 18-21

North America's largest event for the metal fabricating and forming industry takes place November 18 to 21 at McCormick Place, Chicago, IL.

The annual event attracts fabricators from across North America. This year, event organizers are expecting more than 35,000 attendees to visit the 1,500 exhibitors already registered for the event.

This year's events includes an expanded education program with more than 100 sessions, including 64 new courses that have not been offered at previous FABTECH events. New sessions include presentations on trends and advances in laser technology and new workshops about lean manufacturing, workforce development and press brake operation skills.

Special events include a welding competition, new product presentations, a reception for women in manufacturing and a "cocktails and comedy" event on Wednesday, November 20.

For event details and for registration, visit FABTECH online at www.fabtechexpo.com.

SHOW HOURS

Monday, November 18, 10:00 am - 6:00 pm 
Tuesday, November 19, 9:00 am - 5:00 pm 
Wednesday, November 20, 9:00 am - 5:00 pm 
Thursday, November 21, 9:00 am - 3:00 pm

EVENT HIGHLIGHTS

  •  State of the Industry: Executive Outlook

Open to all attendees, the event takes place Tuesday, November 19, 12:30 pm - 1:30 pm at the FABTECH Theatre, Grand Concourse.

  • ·      Solutions for a Qualified Workforce Pipline

Open to all attendees, panel discussion takes place Wednesday, November 20 12:30 pm - 1:30 pm at the FABTECH Theatre, Grand Concourse.

  • ·      Robotic Arc Welding Contents

Robotic welding technicians compete on Tuesday, November 19 and Wednesday, November 20 in the North Hall, Booth N2099.

  • ·      Cocktails and Comedy

Doors open at 5:00 pm at the FABTECH Theatre, Grand Concourse, on Wednesday, November 20.

EDUCATIONAL EVENTS: EDITOR'S PICKS

·      Precision Punch & Cutting Technology 8:00 am - 10:00 am Monday, November 18

·      Automation Solutions for Press Brakes with Tech Tour 1:30 pm - 3:30 pm, Monday, November 18

·      Welding Disimilar Metals conference 8:15 am - 2:30 pm, Monday, November 18

·      Introduction to Laser Cutting Best Practices 8:00 am - 10:00 am, Tuesday, November 19

·      New Developments in Waterjet Cutting 10:30 am - 12:30 pm, Tuesday, November 19

·      Inspecting and Troubleshooting Welded Tube 1:30 pm - 3:30 pm, Tuesday, November 19

·      Innovations in Plasma Cutting 8:00 am - 10:00 am Wednesday, November 20

·      Game Changing Technology to Increase Productivity 1:30 pm - 3:30 pm Wednesday, November 20

·      High Energy Density Welding Processes 8:00 am - 11:00 am Wednesday, November 20

Check event details online at www.fabtechexpo.com/learn#.

 

Siemens to supply Canadian-made turbines for Ontario project

Siemens Canada Ltd., Oakville, ON, will soon be busy building more wind tubines at its Tillsonburg, ON, manufacturing and assembly facility after securing a deal to deliver and install 46 direct drive win turbines to the Cedar Point project in Sarnia, ON.

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