Abstract A recent study by GlobalIné„„dustryAnalysts Inc., entitled “Machine Tool: Global Strategic Business Reportâ€, shows that the world machine tool industry is in the first stage of the rebound, and it is expected to be 2015...
A recent study by GlobalIné„„dustryAnalysts Inc., entitled "Machine Tool: Global Strategic Business Report," shows that the world's machine tool industry is in the first phase of the rebound, and the total market value of the global machine tool market is expected by 2015. It will reach 530 billion yuan. The report analyzes market trends, drivers, product overviews, competitiveness, innovative products and recent industry trends for machine tools worldwide. The world machine tool industry is very sensitive to changes in the economic and financial environment. The economic ups and downs have affected the changes in market demand, and capacity utilization, capacity expansion and changes in business confidence have all had a major impact on the market. Therefore, the world machine tool industry faces the toughest challenges that are constantly being thrown out by the world economic recession.
At the same time, the economic downturn has far-reaching implications for the capital goods market. In addition to the weak financial environment, machine tool manufacturers are also dragged down by the processing component market, such as manufacturing, automotive and real estate.
As the economic recession draws to a close, the recovery of economic fundamentals will help the recovery of the machine tool industry. Due to the wide range of applications for machine tools, including aerospace, automotive, mold manufacturing, machining, wind power, mining and oil exploration, this will help the rapid recovery of the machine tool industry.
Although Europe and the Asia Pacific region still account for the majority of the global machine tool market, the recovery of the machine tool market will be mainly driven by emerging markets such as China and India. Demand for machine tools in North America is currently showing strong growth, with both production and demand growing rapidly in recent months.
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