The Indian government vigorously promotes the development of the machine tool market. India is the third largest economy in Asia and has unlimited market demand potential.
The China-US trade war has impacted the global economy. Under this volatility, let's take a look at the 2018 machine tool market overview. The major consumer countries of global machine tools are China, the United States, Germany, Japan, Italy, South Korea, India, Mexico, Taiwan, and Russia.
For manufacturers, the safety of their employees is always at the forefront of their minds. You want to keep your workers safe at all times, so events like a global pandemic can be troubling. How do you balance productivity while making sure you don’t contribute to spreading the virus?
The U.S.-China trade war has been on the rise for more than a year, and both sides have become more and more fierce. The economy has been affected by the recession and the global manufacturing supply chain has also accelerated. Although Taiwan has benefited from this wave of trade wars in the short term, it may still suffer a lot in the long run. Also, the influence of other Asian countries affects the layout of Taiwanese businessmen. In the face of complex situations, we must be prepared to respond.
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%.