Asia - Machine tool industry is out of the depressed engine

According to relevant statistics, although the most serious global real economic crisis since the 1923 economic recession triggered by the US subprime mortgage crisis broke out in the second half of 2008, the real economy of most countries in Europe, America, and Asia was affected. Heavy hit. However, the machine tool industry still stands by the rapid growth in 2007 and the strong development momentum in the first half of 2008. Except for South Korea, the annual gross output of the machine tool industry in all countries and regions around the world has shown a certain growth. . The annual output value of machine tools in Japan, China, Taiwan, and South Korea ranks first, third, fifth, and sixth respectively in the world's machine tool output. The annual output value of four countries and regions accounts for 47.1% of the world's total output value, exceeding the sum of 15 European countries. Therefore, East Asia has become the main place of production and consumption of machine tools in the world, and their development will have a great impact on the world machine tool industry.
With the spread of the financial crisis, the bankruptcy of the two major US auto giants, the world machine tool industry has been hit hard. The machine tool market around the world has fallen into a trough. According to the European Machine Tool Industry Cooperation Council (CECIMO) survey, in the first quarter of 2009, European machine tool production orders fell by 53% year-on-year; according to the American Machine Tool Distributors Association (AMTDA) and the American Manufacturing Technology Association (AMT), 2009 From January to June of the year, US machine tool consumption was 759 million US dollars, down 70.1% from the same period in 2008. In order to change the current downturn as soon as possible, the world's machine tool industry needs some developing countries with strong momentum to jointly open the door to the spring of the entire machine tool industry.
As the developing country with the fastest development and consumption of the machine tool industry in Asia and the world, China's potential value is obvious to all countries. He is destined to continue to be the "battlefield" of fierce competition among the world's machine tool industry. Although China’s machine tools, ships and other industries have also been affected after the financial crisis, the Chinese government has actively adopted a series of measures conducive to the recovery of the entire industry, including the 4 trillion yuan investment to stimulate the economy and the country. Ten major industrial revitalization plans, and actively expand domestic demand and other policies. After nearly a year of hard work, it has achieved good results. Since 2009, the national average monthly sales volume of automobiles has exceeded 1 million, which is in stark contrast with the foreign automobile market; wind power and nuclear power projects have appeared on the market, and energy industry investment has grown by considerable scale; Beijing-Shanghai Expressway from Beijing to Shanghai The railway began to work; the aerospace manufacturing industry continued to grow and develop under the national policy. The development of these industries will certainly provide a powerful impetus for the new round of growth of the machine tool industry.
In addition to China, the machine tool industry in other developing countries and regions in Asia has also experienced a certain degree of development, which has provided a strong guarantee for the recovery of the machine tool market. According to CECIMO statistics, during the period of the financial crisis, the number of European machine tools sold to Asian developing countries such as China has maintained a relatively stable situation.
It can be seen that as the fastest growing region in the world, the metal processing industry in Asia will surely become the engine of the world's machine tool industry.

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