Industry forecast: Asia's fastest growth in the machine tool market in the future

International industry analyst firm GIA conducted a comprehensive analysis of the machine tool market in the US, Canada, Japan, Europe, Asia Pacific, Middle East and Africa, and Latin America. The analysis pointed out that Asia Pacific is the fastest growing market in the world. The growth of the region is mainly driven by healthy economic growth and infrastructure construction, especially China, Taiwan, Korea, Thailand, Malaysia and India.
With the rapid development of the industrial sector, China's demand for new machine tools is very large, and it is expected that the global machine tool market will reach $154 billion by 2018. From the perspective of developed countries, developed economies that have fallen into a debt crisis are increasing investment in foreign manufacturing industries to ease the economic recovery. At the same time, the aging production infrastructure and machine tool base require large-scale modernization upgrades, which have contributed to the wave of demand for machine tools. For example, the recovery of US manufacturing has brought great market opportunities for machine tools. Shale gas reform, clean energy and fuel availability will reduce manufacturing costs, prompt industrial enterprises to return, and re-industrialization after more than a decade of consumption-led growth. .

On the other hand, market growth comes from technology development and product innovation. As manufacturing shifts to lower operating costs, shorter manufacturing time, increased productivity and competitiveness, the demand for next-generation high-efficiency machine tools has increased dramatically. The 3D printer event marks the presentation of a new generation of machine tools. It is expected that the demand for 3D printers in developed countries is very high. The rapid development of 3D printing foundations in these countries has promoted the growth of domestic manufacturing industry and obtained certain government support.

From the perspective of developing countries, expanding the manufacturing base will drive demand for international machine tools. For example, India is in the development stage, and the rapid development of its automotive and parts industry and the investment in infrastructure construction have made the demand for machine tools huge. As a developing country, India is the seventh largest consumer of machine tools, and its dependence on imported machine tools is 77%. The Indian machine tool market is an important area for competition among countries. The country's product grade is suitable for the Indian market, and machine tool enterprises should pay attention to India strategically. Market demand. In recent years, India's rapid economic development has led to an increase in demand for machine tools, so India holds machine tool exhibitions every year.

At the same time as international competition intensifies, the demand for CNC machine tools in China has also remained strong. Since 2000, driven by huge market demand, China's CNC machine tools have grown at an average annual rate of 30%. Since 2003, China has been the world's largest machine tool consumer for seven consecutive years and is currently the world's largest importer of CNC machine tools.

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