Machine tools can be said to be the mother of various industries, and countries have different marketing strategies based on their production manpower and resources.
A difficult international situation, a virus, and trouble in different industries, it will not be an easy year for the machine tool industry. Find out why 2020 still holds a lot of potentials.
In March 2020, Japan's export and machine tool market decreased compared with the same period last year, and the market performance did not meet expectations.
According to the economic growth data currently released by the US Department of U.S. Bureau of Economic Analysis (BEA), in the third quarter of 2019, US private consumption reached a growth rate of 2.6%. Compared with private consumption, the growth rate of private investment is the lowest since President Trump ’s tenure, only 0.4%.
Are U.S.-China Trade War and COVID-19 influence business opportunities in the United States? The United States is the second-largest consumer of machine tools in the world, the industrial market is still waiting, and global economic demand has not significantly recovered.
Nowadays, the traditional industry combines the technology of the Internet of Things, towards the innovation of Industry 4.0 and the development of intelligent manufacturing.