A recent study by GlobalIndustryAnalysts Inc. called "Machine Tool: Global Strategic Business Report" shows that the world machine tool industry is in the first stage of the rebound, and the total market value of the global machine tool market is expected to reach 2015. $80.7 billion. The report analyzes market trends, drivers, product overviews, competitiveness, innovative products and recent industry trends for machine tools worldwide.
The report reviews recent weaknesses in the machine tool market caused by the global economic downturn. The report believes that the world machine tool industry is very sensitive to changes in the economic and financial environment. The economic ups and downs have affected the changes in market demand, and capacity utilization, capacity expansion and changes in business confidence have all had a major impact on the market. Therefore, the world machine tool industry faces the toughest challenges that are constantly being thrown out by the world economic recession.
At the same time, the economic downturn has far-reaching implications for the capital goods market. In addition to the weak financial environment, machine tool manufacturers are also dragged down by the processing component market, such as manufacturing, automotive and real estate.
Therefore, as the economic recession draws to a close, the recovery of economic fundamentals will help the recovery of the machine tool industry. The report pointed out that due to the wide range of applications of machine tools, including aerospace, automotive, processing industry, wind power, mining and oil exploration, this will help the rapid recovery of the machine tool industry.
Although Europe and the Asia Pacific region still account for the majority of the global machine tool market, the recovery of the machine tool market will be mainly driven by emerging markets such as China and India. Demand for machine tools in North America is currently showing strong growth, with both production and demand growing rapidly in recent months.
In addition to the global machine tool market conditions and demand, the report also studied the main supply areas of CNC machine tools and cutting tools.
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