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Global ultra hard material cutting (uhmc) machine market to grow at a CAGR of 10.07% according to new research report

Global ultra hard material cutting (uhmc) machine market to grow at a CAGR of 10.07% according to new research report

Global Ultra Hard Material Cutting (UHMC) Machine Market 2017- Research Report

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UHMC machines are equipment comprising of electrical discharge machining (EDM) and laser cutting machines, which are used to cut ultra-hard materials (whose hardness value exceeds 40 gigapascals), such as polycrystalline diamond or polycrystalline cubic boron nitride. The manufacturing industry has experienced radical changes in processes that are used for fabricating and engineering products.

Earlier, goods were produced manually. Subsequently, with advances in technology, machines were used to build goods.

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KMI analysts forecast the global ultra hard material cutting machine market to grow at a CAGR of 10.07% during the period 2017-2021.

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The report covers the present scenario and the growth prospects of the global ultra hard material cutting machine market Make an Inquiry about this news for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

According to the report, one of the major drivers for this market is Rise in automation. Companies are increasingly opting for automation as a way of meeting anticipated quality standards.

due to the increase in globalization and population, there is a rise in demand for automation techniques. Investment in the process automation market in the US is increasing and is projected to reach $30 billion by 2021, indicating a growth rate of approximately 5%.

This growth is specifically related to sectors, such as technology, software, hardware, services, and the communication protocol used in automation.

Further, the report states that one of the major factors hindering the growth of this market is Growing need for after-sales services. The increased adoption of cutting technology in manufacturing and other industrial processes can be attributed to its enhanced productivity and efficiency.

However, to ensure that its efficiency and productivity is not compromised with, a laser cutting machine needs continuous maintenance and servicing, which is inhibiting its adoption among end-users. Even a few hours of machine downtime can result in heavy losses for customers.

However, some vendors are unable to provide the rigorous maintenance and support required. This has led to customer dissatisfaction.

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