Newsroom
Latest News & Announcements
Welcome to the Enco Tools & Equipment Newsroom
Your source for the latest updates, industry trends, product launches, and company announcements. Stay informed about our innovations and how we continue to support professionals in the manufacturing, construction, and industrial sectors.
January 2025
- Global Metal Cutting Tools Market Projected to Reach $113 Billion by 2030: Recent reports indicate that the global metal cutting tools market is expected to grow from $80.87 billion in 2023 to $113.04 billion by 2030, at a CAGR of 4.9%. [MANUFACTURING TODAY INDIA]
December 2024
- Integration of AI and IoT in Cutting Tools: The cutting tools sector is witnessing a revolution with the integration of Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT), leading to the development of smart cutting tools and real-time data analytics. [MANUFACTURING TODAY INDIA]
November 2024
- Advancements in Nano Composite Coatings: The industry is experiencing advancements like nano composite coatings and the development of new substrates with advanced materials, enhancing tool performance and durability. [MANUFACTURING TODAY INDIA]
Industry Insights
Stay ahead of the curve with expert insights and updates on technological advancements in the tools and equipment industry.
November 2024
- The Impact of Automation and Robotics: Technological advancements, such as automation, digitalization, and precision engineering, have revolutionized the metal cutting tools market, leading to enhanced efficiency and reduced production costs. [MANUFACTURING TODAY INDIA]
- Robotics Automation Reducing Production Costs: Robotic automation has revolutionized the cutting tool industry, delivering unparalleled precision, significant productivity gains, and substantial cost reductions of 15-30%. [MANUFACTURING TODAY INDIA]
- AI Shaping Precision Manufacturing: The integration of AI into CNC machining is set to redefine precision manufacturing through predictive maintenance, automated programming, and adaptive machining. [MANUFACTURING TODAY INDIA]
