Future-Industry

  According to a recent report published by Market Research Future, the   Desktop CNC Machines Market  is expected to reach USD 38.01 Billion by the end of the current period in 2027, growing at a CAGR of 3.50% between 2021 and 2027 Desktop CNC Machines Market Overview The increase in investments in manufacturing, automotive, aerospace & defense industries and the presence of key market players are expected to push the demand for desktop CNC machines, across the globe. The automotive industry is focusing on automation to increase the rate of production and decrease the chances of errors, increasing the need for desktop CNC machines. These machines have changed the scenario of the automotive industry, permitting several identical parts for bulk production, grinding, and satin finish treatment with the highest degree of process accuracy. Hence, the significant growth of the automotive industry is further projected to boost the demand for the desktop CNC machines in the upcoming years

Induction Furnace Market: According to Market Research Future (MRFR), The global induction furnace market is expected to cross USD 1.5 Billion at a CAGR of 5.6% from 2022 to 2030 (forecast period). The report presents the COVID-19 review of the global induction furnace market and provides a rigorous illustration of market segments, emerging developments, growth forecasts, and market challenges. Induction Furnace Market provide a clean, energy-efficient, and controllable melting process and are commonly used in the production of steel, copper, and aluminum. Induction furnaces use convection current to achieve the melting point of these metals, thereby utilizing less energy than other furnaces that typically fire at higher temperatures than those needed to melt the metals. Market Dynamics The increasing railroad industry, along with a higher demand for mining, smelting, and metal alloy machinery, contributes to the growth of the induction furnace industry. Steel and copper production is