The world's machine tool demand will reach $121 billion in the next four years

According to the latest research by the industrial market research company FreedoniaGroup on the world machine tool industry, the demand for machine tool products, including metal cutting machine tools, metal forming machine tools and machine tool accessories, will maintain a strong growth rate of 9.4% per year. By 2014, Demand will reach $121 billion. The best prospects for demand are the development of Chinese countries, especially China and India. North American machine tool market will see considerable growth; market growth in Japan and Western Europe will still lag behind the global average.

In 2014, the industrial machinery and equipment market will continue to be the largest demand market for machine tools in the world. In addition, the demand for the transportation sector will grow strongly. The growth of the transportation sector has benefited from the gradual recovery of the automotive industry from its 2009 low, especially in developed countries. In addition, the production of commercial aircraft also promotes the market demand for machine tools. The growth of the electronic equipment market will mainly benefit from the growth of people's income in developing countries, which will enable them to be more capable of purchasing electronic products. In developed countries, quite a few electronic products are considered essential.

Due to the recovery of the terminal market in developed countries, the global market for metal cutting machine tools will maintain an annual growth rate of 8.6%, and will grow to 61 billion US dollars by 2014. In 2014, metal cutting machine tools will still occupy a major share of the world machine tool market. Global metal forming machine tools will maintain an annual growth rate of 8.3%, and its market size will reach US$23 billion in 2014. The global machine tool accessories market will maintain an annual growth rate of 11.6%, and will increase to 37 billion US dollars in 2014, which will become the fastest growing segment. New metal cutting and forming machines have long life cycles and low replacement rates, thus reducing their growth potential. In recent years, machine tool users have found ways to improve the economics of use by replacing parts, such as changing cutting tools, molds or fixtures.
 

Tensioner Bearing

Name

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Brand

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