Industry News

News • December 7, 2023

First winner named in ANCA’s Female Machinist Award contest

Lena Risse, precision toolmaker at Risse Tool Technology is a master craftsperson and precision tool mechanic. She is the first-ever winner of ANCA's Female Machinist Award.

News • November 30, 2023

Seco partners with Instagram influencer

Seco Tools has taken a leap in its efforts to share knowledge about the many possibilities in machining by announcing a new partnership with Swemachinist, a well-known Instagram content creator.n

News • November 29, 2023

Energy management systems ‘surging’

The Energy Management System (EMS) market in 2022 was valued at $41.62 billion, and is expected to reach $132.77 billion by 2030 at a CAGR of 15.60% over the forecast period 2023-2030. n

News • November 28, 2023

Engineering polymers market projected to reach $211.8 billion

The integration of Industry 4.0 principles, such as Internet of Things, is driving the demand for engineering polymers used in smart manufacturing equipment and sensors. The materials need to withstand harsh industrial environments.

News • November 27, 2023

Applications for iron powder grows across myriad industries

According to a recent study on "Iron Powder Market Forecast to 2030," the iron powder market size was valued at $1.8 billion in 2022 and is expected to reach $2,88 billion by 2030.

News • November 24, 2023

Predictive maintenance market to reach $26.5 billion

A recent market study shows that the predictive maintenance market is expected to grow from $5.3 billion in 2021 to $26.5 billion by 2028. The market is anticipated to grow at a CAGR of 27.4% from 2022 to 2028.

News • November 22, 2023

Community college launches $11 million campaign for new workforce center

Howard Community College (HCC) in Columbia, Md., has launched an $11 million capital campaign in support of a new campus-based workforce development and skilled trades center. n

News • November 21, 2023

Ricoh and Siemens collaborate on binder jetting process

Siemens Digital Industries Software and Ricoh have begun a collaboration to realize the industrial aluminum Binder Jetting (BJT) solution for mass production.

News • November 20, 2023

Supply chain and logistics innovations showcased at Innovations Day

Netlogistik hosted its first annual Innovation Day for the US on November 8 in Grapevine, Texas. The company invited leaders and experts from throughout the supply chain and logistics industry to provide attendees with a "transformative experience."

News • November 17, 2023

3D motion capture market to top $670 million by 2032

According to a recent research study, the demand of global 3D Motion Capture System Market size & share was valued at approximately $340 Million in 2022 and is expected to reach $373 Million in 2023 and continue to grow through the decade to reach a value of around $670 Million by 2032.

News • November 16, 2023

Equipment leasing survey shows small year to date gains

The Monthly Leasing and Finance Index is a survey of 25 companies representing a cross-section of the $1 trillion equipment finance sector that shows, in near real-time, that the overall new business volume for September was $9.7 billion, down 5 percent year-over-year from new business volume in September 2022.

News • November 15, 2023

New partnership aims to increase number of engineering majors

More than 22% of the engineering workforce at Newport News Shipbuilding (NNS), a division of HII, are graduates of Old Dominion University. That number could rise dramatically.