Japanese machine tool orders pick up in July

by:Gewinn     2022-05-08
After experiencing a year-on-year decline in new orders and revenue for two consecutive years in 2012 and 2013, new orders and industry revenue in the first seven months of 2014 achieved rapid growth of 35.8% and 27.3% year-on-year, respectively. The Japanese machine tool industry is an export-oriented industry, and its international market revenue accounts for more than 50%, and the proportion has increased to more than 60% in recent years. In the first seven months of this year, Japan's export orders increased by 40% year-on-year, which was faster than the growth rate of its domestic market demand. China's demand has become a bright spot in Japan's overseas market orders. Among Japan's overseas markets, Asia is its largest market, followed by North America and Europe. The largest market in Asia is the Chinese market. In 2013, the Chinese market demand accounted for 49.6% of the total demand in Asia. As of July this year, orders from China accounted for 68.7% of the total in Asia. It can be seen that among the Asian markets with the strongest demand rebound, the Chinese market has become a more eye-catching part. The demand in the European market has also performed well this year, with an overall increase of 42.8% year-on-year. The North American market was relatively flat, with only 6.7% year-on-year growth. The performance of the Chinese and Japanese machine tool industries in the first seven months confirms the upgrading of China's manufacturing industry. The upgrading of China's manufacturing industry is a long-term topic. It has been raised for a long time, but there has been little progress for many years. In recent years, due to factors such as the end of the demographic dividend, consumption upgrades and the increasing demand for improving the working environment of workers, the need for manufacturing upgrades has once again become the focus. We believe that the downturn in manufacturing demand after 2011 will become a key node for industry reshuffle and upgrade, and the current performance of the machine tool industry is exactly the performance of the manufacturing industry on the road of upgrading.
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