Three Major Trends in The Machine Tool Industry in 2024

Aug 07, 2024 Leave a message

After a test year in 2023, with the end of inventory depletion and interest rate hikes, the momentum of terminal consumption procurement has restarted, and the machine tool industry is looking forward to an improvement in 2024. Knowledge management, sustainable technology, and cross-domain integration are expected to become the three major development trends of the machine tool industry this year.

 

In terms of knowledge management, DMG MORI has put a large amount of data accumulated over the years, such as industry knowledge and customer profile, into model analysis and integration, and then monetized it in the form of knowledge services, so that subscription customers can ask relevant questions at any time and get advice from professional masters at any time. GROB proposes IIoT (Industrial Internet of Things) and remote service systems, including IIoT solution services as well as remote service systems and software.

 

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In addition, we observe that sustainable technology will continue to be the focus in 2024, especially as the country, enterprises and society are committed to achieving net-zero carbon emissions, which will drive the industry's investment in net-zero, integrate circular economy into machine tool design, and introduce green computing into controllers to minimize the environmental impact of equipment carbon emissions. In recent years, the trend of energy conservation and carbon reduction has led to the development of the supply chain towards a short chain and diversification, and a number of international certification standards have been implemented for greenhouse gas management, among which ISO 14064 (carbon inventory) and ISO 14067 (carbon footprint) have attracted the most attention from enterprises, we must pay attention to the trend from ISO 14064 standard to ISO 14067 development, and the impact of these certification standards on the machine tool industry.

 

In the face of structural changes in the global automotive and energy industries, it is important to pay more attention to emerging markets and cross-sector integration. In terms of markets, especially in North American Free Trade Area, ASEAN countries, India and Turkey; In terms of cross-domain integration, in addition to focusing on the development of corresponding products in related industries and peripheral needs, jumping out of the traditional processing framework, and actively involved in such as electric vehicle battery shell processing, new energy manufacturing equipment, and semiconductor process applications, we should also pay attention to cross-domain operation integration and give full play to the comprehensive effect of 1+1>2 industries. The application of AI technology in intelligent manufacturing is the future trend, especially in the optimization of production process and quality management improvement, and the possible applications in the machine tool and component industry include predictive diagnosis and maintenance of production equipment, production plan optimization, production line automation combined with intelligent detection management, resource optimization management and allocation, fault analysis and management, quality management and production traceability, etc.

 

In short, how to create a new round of value chain and let different industries develop in the direction of ecosystem shaping and cross-industry cooperation is the key to whether the machine tool industry can "dragon" in 2024.