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ANSYS PARTNERS WITH THE ENGINEERING COMMUNITY: SMART SIMULATION WORKSHOP TO BE HELD ON OCTOBER 29TH
ANSYS PARTNERS WITH THE ENGINEERING COMMUNITY: SMART SIMULATION WORKSHOP TO BE HELD ON OCTOBER 29TH 20/10/2025

A breakthrough opportunity for R&D processes awaits the Vietnamese engineering community. The specialized workshop "Driving Engineering Innovation Through Smart Simulation" organized by ANSYS will take place on October 29, 2025, at the Innovation Hub Building, updating the latest advanced simulation solutions for the manufacturing, electronics design, and Nano-Micro industries.

At What Rate Will the Size of the Portable 3D Scanner Market Grow?
At What Rate Will the Size of the Portable 3D Scanner Market Grow? 13/10/2025

The portable 3D scanner market is on the brink of significant expansion. With ongoing technological advancements and the integration of 3D scanning in various sectors, this market is poised to grow rapidly over the next decade. This article delves into the factors contributing to this growth, the projected rates across different regions, and the challenges and opportunities that lie ahead.

iLT Laser Tracker changes the game in industrial metrology
iLT Laser Tracker changes the game in industrial metrology 28/08/2025

An iLT (Integrated Laser Tracker) is a portable 3D measurement device from API Metrology, specifically engineered for high performance, superior accuracy, and maximum flexibility right on the factory floor. This device represents the pinnacle of refinement in laser tracking technology, offering the most mobile and user-friendly measurement capabilities.

U.S. CUTTING TOOL ORDERS GROW 10.5 PERCENT

08/04/2022 5030

The Cutting Tool Market Report is jointly compiled by AMT and USCTI, two trade associations representing the development, production, and distribution of cutting tool technology and products.

January 2022 U.S. cutting tool consumption totaled $159.9 million, according to the U.S. Cutting Tool Institute (USCTI) and The Association For Manufacturing Technology AMT). This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was down 2.7% from December’s $164.3 million and up 10.5% when compared with the $144.8 million reported for January 2021.

These numbers and all data in this report are based on the totals reported by the companies participating in the CTMR program. The totals here represent the majority of the U.S. market for cutting tools.

“As the cutting tool industry continues to adapt to the changing economic climate on the globe, we see the sales volume moving back toward the pre-pandemic levels. Volumes that were expected to be higher were lowered by continued economic uncertainty, driven by inflation. The cutting tool industry’s willingness to adapt to changing market conditions will determine our future direction,” commented Brad Lawton, chairman of AMT’s Cutting Tool Product Group.

Steve Stokey, executive vice president and owner of Allied Machine and Engineering, said, “The cutting tool data indicates we are continuing to trend in a positive direction, although the overall growth appears to be flattening. If manufacturing was not already dealing with enough challenges coming out of the pandemic, it will now see how the war in Ukraine and the energy policies of this administration impact the numbers moving forward.”

The Cutting Tool Market Report is jointly compiled by AMT and USCTI, two trade associations representing the development, production, and distribution of cutting tool technology and products. It provides a monthly statement on U.S. manufacturers’ consumption of the primary consumable in the manufacturing process – the cutting tool. Analysis of cutting tool consumption is a leading indicator of both upturns and downturns in U.S. manufacturing activity, as it is a true measure of actual production levels.

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Source: amtonline


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