CNC machining is enjoying its fastest ever rise in use and popularity in order to meet modern manufacturing needs. Manufacturing Global finds out how the world of motorsport is contributing to this trend.
With the internet of things leading the indomitable march of Industry 4.0, it’s no surprise that CNC (computer numerical control) machining is dominating the lathing, milling and grinding sectors of metalwork.
According to a new report by Grand View Research, Inc., the global CNC machines market is expected to reach $100.9bn by 2025, rising at a CAGR of 6.8% over the forecast period. The increase has been dictated by a growing need for reduced operating costs, increased efficiency and a dramatically slimmer likelihood of component errors.