Global Toolroom Machine (Machine Tools) Market: Introduction

A toolroom machine is used to shape metals or other rigid materials by boring, shearing, grinding, cutting, or deforming. Based on mode of operation, machine tools are classified into different types such as conventional and numerically controlled. Examples of machine tools include broaching machines, drill presses, gear shapers, hobbing machines, lathe machines, screw machines, milling machines, shapers, and grinding machines.

Global Toolroom Machine (Machine Tools) Market: Competition Landscape

• In June 2018, Hexagon AB acquired SPRING Technologies, a France- based player specialized in providing integrated solutions for machine tool management
• In January 2019, Hoffmann Group introduced three new and innovative cutting tools in the market in India. These include carbide barrel milling cutters, tools for processing threads for a wide range of materials, and cutters for titanium processing.

3M Company

Established in 1902, 3M Company is located in St. Paul, Minnesota (the U.S.). It develops, manufactures, and sells several products. The company primarily operates through four business segments: transportation & electronics, safety & industrial, consumer, and healthcare. The company provides products for use in the manufacturing sector such as abrasives, automotive products, filtration products, and tapes and adhesives.

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AMADA MACHINE TOOLS CO., LTD.

Founded in 1937, Amada Machine Tools Co., Ltd. is located in Kanagawa, Japan. The company is engaged in the development, sale, manufacture, and servicing of machine tools, stamping press machines, and metal-cutting machines. The company also specializes in offering structural steel machines, grinding machines, band saw blades, and machines designed to grind workpieces.

Larsen & Toubro Infotech Limited

Established in 1997, Larsen & Toubro Infotech Limited is located in Mumbai, India. It is a technology consulting company and digital solution provider having over 250 clients globally. The company provides its products and services in more than 27 countries through 43 sales offices worldwide. The company is specialized in the manufacture of construction and mining equipment. The four major segments of L&T are engineering & construction, cement, electrical & electronics, and diversified business. Moreover, the company offers its products and services to industries such as banking & financial services, energy & utilities, retail, hi-tech, healthcare, media & entertainment, and manufacturing.

Siemens AG

Incorporated in 1847, Siemens AG is located in Munich, Germany. Siemens AG is one of the leading global developers of resource-saving and energy-efficient technologies. The company is especially focused on the areas of automation, electrification, and digitization. It is the world’s leading supplier for the oil & gas industry and distributed power generation. It primarily operates through nine business segments: power & gas, energy management, building technologies, mobility, digital factory, process industries & drives, Healthineers, Siemens Gamesa Renewable Energy, and Siemens Financial Services (SFS).