GENERAL NEWS
TIMTOS 2023 welcomes global visitors
The Taipei International Machine Tool Show in Taiwan , also known as TIMTOS , will return from 6-11 March 2023 to Nangang Exhibition Centre , Hall 1 & 2 and TWTC Hall 1 . ISMR is a media partner at the show and its issues will be distributed at the show entrances .
“ With 1,000 + exhibitors in nearly 6,100 booths , on an even larger scale than 2022 , TIMTOS 2023 will be the largest trade show ever recorded after Taiwan recently lifted all its border controls since the COVID-19 outbreak . At present , overseas professionals are free to travel to Taiwan to participate in trade shows as usual . As a result , there have been increasing demand for larger booth space at TIMTOS 2023 and delegations to the show will arrive from countries such as Vietnam ; Turkey and India etc .,” added TAITRA , one of the show organisers .
In a press conference for TIMTOS 2023 recently , the show organisers ( Simon Wang , President & CEO , TAITRA ) and Larry Wei ( Chairman of TAMI ) unveiled the highlights of TIMTOS 2023 .
TAITRA CEO Wang pointed out that the new slogan for TIMTOS ‘ Keep Rolling in Metalworking ’ highlighted the show ’ s
claim “ to link up the global machine tool ecosystem to make metal processing smarter , more efficient and more sustainable .”
Taiwan ’ s machine-tool industry has become more resilient since the pandemic , continuing to address intelligent transformation and adding value to its products . TIMTOS , which gathers most Taiwanese players in the machine-tool sector , is a key event for those looking for innovative products or services developed by Taiwanese manufacturers .
TIMTOS 2023 will accommodate more than 6,000 booths to showcase a full line of metal-cutting machines ; controllers ; key components ; smart manufacturing solutions and more . Taiwan is a major producer in the machine-tool industry with around 1,950 companies based on the island and more than 43,000 people employed in the sector . It is well known for its customisation and innovation
“ Taiwan ranked third in the world ’ s machine-tool exports in 2021 . Total exports of Taiwan machine tools in 2021 reached US $ 2.78 billion , a phenomenal increase of 29.1 % compared with 2020 . In addition , over 50 % growth was recorded in Turkey , the Netherlands and Italy . Unsurprisingly , in anticipation of continuing global demand , Taiwan ’ s machine-tool outputs will increase in the years to come , while supply chain restructuring has generated new business opportunities ,” added the show organisers .
TIMTOS 2023 will debut three new themed areas featuring “ Advanced Metalworking Technology ,” “ Additive Manufacturing ” and “ Future Manufacturing ”. Events at TIMTOS 2023 include the Future Manufacturing Forum ; Corporate Carbon Footprints Consultation ; Podcast Live ; Maker Workshop and Guided Tours . n
Press-brake market outlook ( 2022-2032 )
According to a new report by Persistence Market Research , the global press-brake market size reached US $ 569.1 million at the end of 2021 . Sales of press brakes are projected to increase at a CAGR of 6.1 % across the 2022-2032 assessment period to reach a market value of US $ 1.03 billion by the end of 2032 . Press brakes are widely used for the precision bending of sheet metals , which are then treated and used in a variety of industries .
“ Together , hydraulic press brakes and pneumatic press brakes account for a more than 74 % share of the global market . Demand for press brake machines is being driven by the rising consumption of sheet metal from various end-use industries such as automotive ; transportation ; construction and metal fabrication . Furthermore , increased consumer spending power and rising government spending on infrastructure development will drive the demand for sheet-metal processing equipment ,” said the report .
“ The press-brake machine market is projected to grow in several countries around the world as a result of rapid urbanisation and rising consumer expenditure . In terms of volume , the automotive and electronics sectors are anticipated to lead the demand
Press brake bends with WILA tooling .
growth of press brakes over the forecast period ,” it added .
Hydraulic press brakes are estimated to account for around 52 % volume share of the global market . However , demand for servoelectric press brakes is projected to rise at a CAGR of 5.4 % to reach a market valuation of US $ 134.2 million by 2032 . They come with digital controls along with increased production capacity and reduced energy consumption .
By volume , demand for press brakes is projected to increase at 4.8 % CAGR in the first half of the forecast period and 5.3 % in the second half . This is because of rising manufacturing and construction activities in several industries such as automotive ; metal fabrication ; transportation ; construction and electronics .
“ Sales of hydraulic press brake machines are projected to increase at 6.1 % CAGR by volume . Hydraulic press brake controls are more precise than mechanical press brake controls , and can be adjusted to accommodate different bend depths ,” added the analyst .
“ Due to their ease of operation , modern design and digital controls , automatic press brake machines accounted for a higher market share of around 43.1 % in 2021 . However , demand for semi-automatic press brake machines is projected to expand at a volume CAGR of 5.5 % through to 2032 ,” it outlined .
“ The South Asia-Pacific press-brake machine market is projected to expand at a volume CAGR of 6.1 %, while the East Asia press brake machine market is projected to grow at a value CAGR of 6.0 % over the forecast period ,” added the report .
REPORT it added . n