Machine Tools Market, By Product Type (Milling Machines, Lathes, Grinding Machines, Electrical Discharge Machines (EDM), and Others), By Material Type (Metal, Plastic, Composite, and Others), By Application (Automotive, Aerospace, General Engineering, Construction, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Sep 2024

Code : CMI7431

Pages :165

Formats :

Excel and PDF

Industry : Industrial Automation and Machinery

Key Developments

In April 2024, DMG MORI, a leading manufacturer of machine tools, announced the acquisition of KURAKI Co., Ltd., a company specializing in CNC horizontal boring and milling machines. This acquisition aims to foster expansion and will result in the rebranding of the merged entity as DMG MORI Precision Boring Co., Ltd. By integrating KURAKI's advanced technologies, DMG MORI seeks to enhance its offerings in CNC machining centers and turning centers, thereby strengthening its position in the market.
In January 2024, DN SOLUTIONS, a prominent global machine tool manufacturer, formed a strategic alliance with ModuleWorks, a leading software provider for the CAD/CAM sector. This partnership, marked by equity investment and collaborative business efforts, aims to cultivate a synergistic relationship focused on developing software for machine tools and creating integrated solutions to drive the digital transformation of the manufacturing industry. Additionally, this cooperation is expected to enhance DN SOLUTIONS' offerings in the CNC turning and machining centers domain.
In March 2023, Phillips Machine Tools, a prominent provider of advanced machining solutions, announced a strategic partnership with JFY International, a member of the TRUMPF Group and a full-service provider of sheet metal processing solutions. This collaboration aims to broaden Phillips' solution portfolio for metal processing customers by integrating JFY's offerings, which include CNC bending, punching, shearing, and 2D laser cutting machines, as well as automation services. Through this partnership, JFY International ensures professional consulting, quick responses, and exceptional on-time services to enhance customer satisfaction.
In September 2022, HELLER Machine Tools, a renowned manufacturer of advanced CNC machining solutions, announced a strategic partnership with TITANS of CNC, Inc., a leader in manufacturing education and training. The agreement focuses on collaboration in machining technology, processes, and practical applications. As part of this partnership, TITANS of CNC will install two 5-axis machining centers at their Texas facility: the HF 5500, which features the fifth axis in the workpiece, and the CP 6000, which has the fifth axis in the tool, along with a Round Pallet Storage System.