Sunday, November 10, 2024

End Mills Market is expected to reach US$ 2,828.77 Million by 2031

 Cutting tools such as end mills are used for a variety of purposes in the aerospace industry. They are mainly used in milling operations that require high precision and smooth surfaces. End mills are commonly employed in this industry as they can cut through materials such as titanium, aluminum, steel alloy, and plastics. They are crucial in manufacturing aircraft components such as engines, wings, fuselage structures, and landing gears. The aerospace industry increasingly emphasizes lightweight materials and high-end manufacturing techniques to enhance the fuel efficiency and performance of aircraft. Airbus, a European plane manufacturer, inaugurated a production facility for the A-320 narrow bodies in Tianjin, China, in July 2023. The company takes such initiatives to expand its production capabilities in the country. With this development, Airbus would be able to fabricate ~75 new A-320 neo-family jets every month by 2026. In 2022, Collins Aerospace, a business of Raytheon Technologies (US), invested US$ 200 million in India and unveiled its Global Engineering and Technology Center (GETC) and Collins India operation center in Bengaluru. With this move, Collins Aerospace plans to scale up its manufacturing operations by acquiring digital technology and engineering capabilities.

Read More - https://finance.yahoo.com/news/rise-end-mills-market-1-150100784.html

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