Market trend Digitalisation forging ahead

Digitalisation is transforming the manufacturing sector and there is a need for industry players to upgrade their processes if they want to stay competitive in the sector.

“We must deal quickly with the fusion of the online world and the world of industrial production. In Germany, we call it Industrie 4.0”, says Angela Merkel, Chancellor of Germany. As rightly stated by the leader, Industry 4.0 is all about automation and transferring data digitally within the entire production line.

Digitalisation of work processes is cost effective, ensures greater production efficiency, delivers outstanding results and helps to maintain a smooth working environment. The numerous benefits are the reason behind the concept being a hit across all the leading countries in the machine tool sector such as China, Germany, Japan, USA and Italy.

Developing in the manufacturing sector

Looking at the success of digitalisation in these countries, other markets have also followed suit. For instance, India has recently begun to strongly focus on its manufacturing sector, for which the machine tool industry plays an eminent role, via its ‘Make in India’ campaign. The country’s industry is dominated with SMEs (Small and Medium sized Enterprises) and hence there is a need to encourage its SMEs to adopt digitalisation in their production processes to increase their productivity and efficiency. The Indian SMEs are responsible for 38 % of the country’s GDP (Gross domestic product), 37 % to its manufacturing output and 40 % to India’s exports.

Market scenario

India: Growth of the machine tool industry

Developing manufacturing markets such as Taiwan are also taking advantage of this scenario by focussing on becoming a global manufacturing hub for intelligent machinery and high-end equipment. Digitalisation is the need of the hour and the island country seems to be striking the iron when it’s hot. Other major markets that lead in this segment include Japan, Germany, Italy and Switzerland.

Live examples

Some of the leading players enabling the global industry to make their digitalisation shift smoother include Danobat Group, Renishaw, Trumpf and many more. The Danobat Group has come up with services such as real-time monitoring which streams live the status of the main parts of the machine, reporting through which a member can summarise the machine’s activity and update the concerned people of useful information when taking a decision, analytics based on real and historical machine data, and a lot more.

Market sense

Three trends in digital transformation

Market leader Renishaw has also introduced a range of products to simplify the use of on-machine probing using digital technology, so that users can implement process control more easily. One of the solutions includes the GoProbe software that can easily navigate through a complex programming language to probe machine tools. In addition to this, a mobile phone app allows the user to generate a single line of machine code which they can run immediately for automated process control tasks. All these parameters assist industry players to stay on top of their game.

Considering the importance of digitalisation in today’s world, the international trade fair for metal working, AMB is expected to host a special show titled ‘Digital Way 2018’ wherein visitors can learn how to successfully incorporate digitalisation in their processes. The show will be held in Stuttgart, Germany from September 18–22, 2018.

Do attend the exhibition to stay updated on the latest technologies in the machine tool sector!

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