Global Metalworking Machinery Industry Expansion is Forecast to Reach 4.5% P.A.

Date: 2015-08-13

“The expansion of the global metalworking machinery industry is forecast to reach 4.5% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 5.6%. Currently, machining centres account for 23.2% of the global demand while the remaining market share is divided between machine tools for forging, die-stamping and bending metal (19.0%), lathes for removing metal (13.1%), metal grinding machines (6.1%), metal milling and boring machines (4.8%), metal drilling machines (2.3%), metal sawing and cutting-off machines (2.0%), single/multistation transfer machines (1.7%), metal sharpening machines (1.2%), metal lapping and honing machines (1.1%), metal tapping and threading machines (0.4%), metal broaching machines (0.4%), metal slotting and shaping machines (0.2%), other metalworking machinery (8.3%) and parts and accessories for metalworking machine tools (16.1%).

China, Germany, Japan, South Korea and the United States represent the largest metalworking machinery markets while the strongest annual growth is forecast to occur in Bangladesh (21.7%), the United States (14.1%), Bolivia (10.0%), Thailand (9.1%) and Vietnam (8.6%).”

Contact With Us
Join templatemonster at google+
Customized Research
Request Sample