Worldwide Demand For Machine Tools Expected To Reach 181 Billion

  • Thursday, 25 February 2016 01:01

The machine tools industry is expected to grow around six percent per annum through 2019, to reach US$181 billion.

Growth will be on par with the global average, with Europe accounting for 18 percent of product demand gains through 2019. Mexico will also experience rapid gains in machine tool sales, with Asia another major hub for future machine tool demand.

US is expected to see a decline in demand as saturation reaches a peak, while Japan and Canada are expected to see a steady amount of growth.

Rate this item
(0 votes)

APMEN

 

 

As Asia's number one English metalworking magazine, Asia Pacific Metalworking Equipment News (APMEN) is a must-read for professionals in the automotive, aerospace, die & mould, oil & gas, electrical & electronics and medical engineering industries.