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Sales of metalworking machine tools in Russia increase by more than 50%

by:Gewinn     2022-05-29
According to the data of Russia's metal processing machine tool market analysis, most of Russia's metal processing machine tools are imported equipment. In recent years, most of Russia's imported metalworking machine tools have come from China, Italy and Germany. These three countries account for nearly 71 percent of Russia's total imports. There are few domestic metal processing machine tools in Russia, less than 1% of the domestic market supply. The proportion of products on the secondary market was close to 2% of the total supply in 2014. Secondary market size is maintained by small businesses modernizing existing equipment. In the past five years, sales of metalworking machine tools in Russia have increased by more than 50%, from 579,000 to 903,700. The main factor behind the increase in sales of finished equipment was an increase in demand for products from the machinery manufacturing and metalworking industries, which are major consumers of finished goods. In the coming years, sales of metalworking machine tools in Russia will show different dynamic trends: before 2017 sales will decline, after 2017 sales will increase.
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