The recovery of the US manufacturing industry brings great market opportunities for machine tools

The report released by the international industry analysis company GIA believes that the expansion of the manufacturing base in developing countries will drive the demand for machine tools. It is expected that the global machine tool market will reach 154 billion US dollars in 2018. Advanced economies already in debt crisis are boosting investment in local manufacturing to spur economic recovery, boosting demand for machine tools. The recovery of the US manufacturing industry has brought great market opportunities for machine tools. Shale gas reform, clean energy and fuel availability will reduce manufacturing costs, prompting industrial enterprises to return and realize re-industrialization after more than ten years of consumption-driven growth. Developed countries will usher in a wave of replacement demand, aging production infrastructure and machine tool foundations require large-scale modernization and upgrading, and the machine tool industry will face greater development opportunities in the next few years. Market growth comes from technology development and product innovation, and as the manufacturing industry shifts its focus to reducing operating costs, shortening manufacturing time, and improving productivity and competitiveness, the demand for new generation of efficient machine tools has increased substantially. The 3D printer event marked the emergence of a new generation of machine tools. It is expected that the demand for 3D printers in developed countries is large, and the rapid development of 3D printing foundation in these countries has promoted the growth of domestic manufacturing and received certain government support. The report provides a comprehensive analysis of the machine tool market in the United States, Canada, Japan, Europe, Asia Pacific, the Middle East and Africa, and Latin America, and the analysis points out that the Asia Pacific is the fastest growing market in the world, and the growth of the region is mainly driven by healthy economic growth and foundation. Driven by facility construction, China, Taiwan, South Korea, Thailand, Malaysia and India are developing the fastest. With the rapid development of the industrial sector, there is a huge demand for new machine tools in China. The rapid development of India's auto and parts industry and the investment in infrastructure construction have created a huge demand for machine tool products. As a developing country, India is the seventh largest consumer of machine tools, and its dependence on imported machine tools reaches 77%. The Indian machine tool market is an important area of u200bu200bcompetition among countries. my country's product grades are suitable for the Indian market. Machine tool companies should pay attention to India strategically. market demand. India is in the stage of development, the gap between the rich and the poor is huge, but there are factories and highways under construction everywhere; a few high-end vehicles on the road are imported, and the rest are cars, trucks, motorcycles, three-wheeled motorcycles, passenger cars, and tractors. , Almost all construction machinery is made locally. In recent years, the rapid development of India's economy has led to an increase in the demand for machine tools. Therefore, India holds a machine tool exhibition every year. While the international competition is intensifying, the demand for CNC machine tools in my country has always maintained a strong state. Since 2000, driven by huge market demand, domestic CNC machine tools have grown at an average annual rate of 30%. Since 2003, China has become the world's largest machine tool consumer for seven consecutive years, and is currently the world's largest importer of CNC machine tools. country. Luo Baihui said that my country is currently in the peak period of equipment upgrading and the critical period of industrial upgrading. The demand for CNC machine tools, especially high-end CNC machine tools, will maintain a high growth level of more than 30%, and this growth rate is expected to remain 35%. year. The rapid development of the industrial economy in developing countries has gradually increased the demand for machine tools. It is expected that the global machine tool market will reach 154 billion US dollars in 2018.