In 2011, Japan's machine tool equipment orders increased by 17.8% year-on-year

According to statistics released by the Japan Machine Tool Industry Association on the 10th, Japan's machine tool equipment orders in 2011 were 1.312 trillion yen, an increase of 17.8% year-on-year, and the year-on-year increase for two consecutive years. The increase in equipment orders for the automotive industry and smart phones is the main reason. reason. From a regional perspective, orders in North America are sufficient. The orders for machine tools and equipment in the automobile and aircraft industries have increased steadily, and the demand for oil, natural gas and other resource extraction equipment has increased significantly. The order value of Asian regions such as China, India, and South Korea was 505.4 billion yen, a year-on-year increase of 24%, exceeding Japan's domestic demand (421.5 billion yen). Industry insiders predict that due to the European debt crisis, European orders will drop by 1-20% in 2012, but European orders will only account for about 20% of the total. Orders are still expected to continue to increase.